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Morning Read: Merck is giving Gilead’s Hepatitis C drug Sovaldi a run for its money

Also, a reverse merger by Synta Pharmaceuticals and Madrigal Pharmaceuticals will create a company that focuses on non-alcoholic steatohepatitis and Kaiser Permanente has launched a biobank to develop new diagnoses and treatment plans.

sovaldi

TOP STORIES

Merck might give Gilead a run for its money. In a comparative Phase 3 study, Merck’s Hepatitis C, Zepatier, was found to be more safe and effective than Sovaldi. Given the latter’s stunning ($80,000) price tag, it’ll be worth seeing what an approved Merck competitor could do for the Hepatitis C market. — Zacks

A study published in JAMIA calls attention to some serious gaps in electronic medical record data that could affect clinical care, medical research, and public health. Among the findings, a record of acute psychiatric services was missing 89 percent of the time.  — JAMA, FierceEMR

LIFE SCIENCES

Google co-founder Sergey Brin says the much-criticized life sciences arm Verily is actually profitable – and will continue to be. — Fierce Medical Devices

CareDx, which centers on diagnostics that aid organ transplants, just raised $22 million in a private placement – meant to grow its business and provide additional working capital. — GenomeWeb

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In a new $60 million deal, we have a new NASH player on the public markets: Synta Pharmaceuticals and Madrigal Pharmaceuticals are reverse-merging to create a company that focuses on non-alcoholic steatohepatitis, as well as cardiovascular and metabolic diseases. It’ll keep Madrigal’s name. — Philadelphia Business Journal

PAYERS-PROVIDERS

Kaiser Permanente has launched a biobank using the DNA of voluntary participants for environmental and behavioral health research. Participation is open to members in eight states and Washington, D.C. The goal is to use the findings to develop new diagnoses and treatment plans. — Healthcare IT News

Premera confirmed that it has cut about 165 employees since November as part of a strategic reorganization. — Puget Sound Business Journal 

Boston Medical Center will pay $1.1 million to settle charges that it overbilled Medicare and Medicaid for units of cancer drug Rituxan that it didn’t use.  — Boston Business Journal

ZDoggMD has some company in using the arts to raise awareness to critical issues in healthcare. Johns Hopkins palliative care physician Madeline Leong wrote a one-act play about end-of-life decisions and will debut in Baltimore. —Becker’s Hospital Review

TECHNOLOGY

Specialists on Call named Sean Banerjee as the company’s new Chief Technology Officer, He previously worked for Evolent Health as the vice president of engineering. He also led the IT eBusiness division of Anthem. — HIStalk

Madison, Wisconsin-based EnsoData has raised $550,000 in a round led by HealthX Ventures for its sleep data analysis software. The startup has already participated in the Y Combinator accelerator and graduated from Gener8or’s gBeta accelerator. — MobiHealthNews

Kaiser Permanente has launched a new database that allows researchers to study participants’ DNA as it relates to environmental and behavioral health. — Healthcare IT News

POLITICS

Florida Gov. Rick Scott signed into law legislation to prevent consumers in both emergency and non-emergency situations from being responsible for out-of-network rates if they don’t have the ability or opportunity to be treated by a participating provider. — Consumers Union

The White House and GOP leaders are pointing fingers over the stalled effort to increase funding for the fight against the Zika virus. The Obama administration has ramped up attacks on Republicans this week, accusing them of holding billions of dollars needed to prevent a widespread outbreak of the disease. — The Hill

A LITTLE BIT EXTRA

The natural transfer of DNA between plants and animals has been documented by researchers. Insects have been found to have transferred some of their DNA into conifer trees millions of years ago. But how?  —Phys.org

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