Charlotte

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Devices & Diagnostics

Contest crowdsources ideas to help hospitals cut deadly hospital-acquired infections

Whether it’s sepsis, MRSA, or urinary tract infections, hospital-acquired infections are costing $34 billion in healthcare costs. They are also causing 100,000 deaths each year. Part of the costs are driven by lengthened hospital stays due to complications from these infections. Healthcare facilities have been trying to get their arms around the issue with varying […]

Pharma

CHTP cuts executive pay 25 percent, suspends bonuses to pay for trials

Drug developers typically turn to investors to finance clinical work on drug candidates. Chelsea Therapeutics (NASDAQ:CHTP) executives and directors are slashing their own paychecks to help pay for that work themselves. Corporate officers and directors for Chelsea have volunteered to take a 25 percent cut in compensation until the Charlotte, North Carolina company gets phase […]