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Mayo Clinic researchers developing new class of drugs to treat diabetes

Malcolm Leissring and his team of researchers at the Mayo Clinic in Jacksonville, Fla. are partying like it’s 1955. Using work developed by scientists more than five decades ago, Leissring, an assistant professor of molecular neuroscience, has identified a way to prevent an insulin-chewing enzyme from breaking down the hormone needed to remove sugar from […]

News

OptimizeRX gets $3M for prescription meds coupon site

Publicly traded OptimizeRX Corp. (OTCBB: OPRX) has raised $3 million in equity and options, according to a filing with the Securities and Exchange Commission. The company operates a Web site that offers prescription drug coupons and rebates to subscribers. It then offers that subscriber data to drug companies and other healthcare marketers. The company operates […]

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Hospitals

Mayo Clinic explores the virtual world of Second Life

Mayo Clinic is a world famous hospital and research institution. But owning a tropical island seems a bit excessive, especially for a non-profit organization. Alas, “Mayo Clinic Island” isn’t real, at least not in the traditional sense of the word. The island only exists in the virtual 3D world of Second Life, where avatars, online […]

Hospitals

Mayo Clinic to build new cancer facility in Minnesota

Mayo Clinic said it plans to construct a $10 million cancer treatment center in Northfield, Minn. The hospital and research group estimates the facility will serve about 200 patients a year, including 60 percent to 70 percent of patients who receive care at its main campus in Rochester, Minn. “This facility will significantly benefit cancer […]

Hospitals

Specialty docs try to find residence in the “medical home”

Where do specialty doctors like cardiologists, endocrinologists and urologists fit in the “medical home” concept? Or do they at all? A paper published in the New England Journal of Medicine suggests that such physicians may be the odd doc out in healthcare reform. That’s because in the medical home, a popular reform concept that seeks […]

Hospitals

Mayo Clinic’s goal: A health care system that fits a town

Last winter, as the country bickered over death panels, Tea Parties and socialized medicine, a woman quietly observed life in Austin, Minn. She visited community centers, hung out with pastors and interviewed workers at Hormel, Austin’s main employer and maker of SPAM. What that cultural anthropologist at Mayo Clinic’s Center for Innovation found is the […]

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Hospitals

Mayo Clinic: No plans for an iPad app … yet.

Apple Inc. is making it hard for the Mayo Clinic and hospitals around the country to keep up. The Rochester, Minn.-based nonprofit hospital and research group had just launched its first apps for the iPhone and iPod Touch earlier this year. But before you can say “Jobs,” Apple is now selling the iPad, its much […]

Devices & Diagnostics

Tenex Health raises nearly $1.3M

Tenex Health Inc. has raised $1.275 million from the sale of equity, according to documents filed with the Securities and Exchange Commission. The Rochester-based biotech start-up, which is seeking $2 million, is developing treatments for sports-related injuries like tendinitis. Founder and CEO Jagi Gill did not return a phone call seeking comment. Gill is a […]

Hospitals

Night Read (Minnesota): Mayo Clinic back in the black

Here are some news/notes from a day in MedCity, Minnesota: Mayo Clinic said Thursday that it returned to profitability in 2009, thanks mostly to large investment gains and expense control. The organization reported income of $333 million, a 4.4 percent operating margin, after breaking even in 2008. Mayo generated $7.6 billion, a 5 percent gain […]

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Mayo researchers ID possible way to treat obesity

In a study published in the journal Cell Metabolism, scientists from Mayo, University of Iowa, University of Connecticut and New York University say potassium (KATP) channels help regulate the way the body burns fat by monitoring levels of adenosine triphosphate (ATP) in cells and adjusting skeletal and muscle activity accordingly.