Industry News

Veracyte, Inc., a genomic diagnostics company focused on reducing diagnostic uncertainty, today issued the statement below on the Centers for Medicare and Medicaid Services' final 2017 "gapfill" Medicare reimbursement rate for the Afirma Gene Expression Classifier, which the agency released this afternoon. The rate is intended to be in effect for one year before new Medicare rates based on private-payer reimbursement..."/>
Veracyte Releases Statement on CMS's Final 2017 Gapfill Rate for the Afirma® Gene Expression Classifier
Rennova Health, a medical testing firm headquartered in West Palm Beach, remains the worst performer among local stocks. Shares have plunged 86 percent in the first nine months of the year."/>
3 THINGS TO KNOW: Local Company StocksWho's up, down through Q3 [The Palm Beach Post, Fla.]
OncBioMune Pharmaceuticals Inc., a Baton Rouge firm that has developed a vaccine for prostate cancer, is in talks to acquire Vitel Laboratorios S.A., a Mexico City firm that licenses and distributes over-the-counter drugs. The companies have been talking since January, when OncBioMune's chief executive officer, Jonathan Head, sat next to Vitel CEO Manuel Cosme Odabachian on a flight following JPMorgan Chase's annual health care conference, said OncBioMune President..."/>
Baton Rouge biopharma firm in talks to acquire Mexican firm [The Advocate, Baton Rouge, La.]
National HealthCare Corporation, the nation's oldest publicly traded senior health care company, today announced that both Donald K. Daniel and Charlotte A. Swafford have informed the Board of Directors that they plan to retire from their positions within the company effective December 31, 2016. Swafford will be leaving her position as Senior Vice President and Treasurer, a position that she has held since 1985."/>
Donald Daniel and Charlotte Swafford Announce Retirement
Teleflex Incorporated, a leading global provider of medical devices for critical care, urology and surgery, is committed to connecting clinicians with technology in a way that improves clinical practice and advances patient outcomes. Teleflex will present its innovative intraosseous vascular access system and products for rescue airway, atomization and intubation needs at the European Society for Emergency Medicine in Vienna, Austria on October 2-5, 2016.."/>
Teleflex to Present at European Society for Emergency Medicine (EuSEM), in Vienna, Austria
Invacare Corporation. ProBasics, a line of durable medical equipment, has long been Invacare’ s value brand for home medical equipment providers that are seeking quality DME products at a price that supports today’ s reimbursement..."/>
Compass Health Brands Acquires the ProBasics Brand from Invacare
Retrophin, Inc. today announced that its Board of Directors has granted an inducement award pursuant to Rule 5635 (c) of the NASDAQ Listing Rules to Julio Gagne in connection with his employment as vice president, Program Management.. Gagne’ s employment with Retrophin began today, September 30, 2016. Gagne’ s inducement award consists of a stock option to purchase 60,000 shares of Retrophin common stock."/>
Retrophin Reports Inducement Grant under NASDAQ Listing Rule 5635(c)(4)
Surgery Partners, Inc., today announced the appointment of Teresa DeLuca, M.D. to its Board of Directors effective September 30, 2016. In addition to serving on the Board of Directors, Dr. DeLuca will serve on the Company’ s Audit Committee.."/>
Surgery Partners, Inc. Appoints Teresa DeLuca, M.D. to the Board of Directors
Chiasma, Inc., a biopharmaceutical company focused on improving the lives of patients with rare and serious chronic diseases, today announced that Mark J. Fitzpatrick has been appointed President and Chief Executive Officer and a member of the company’ s Board of Directors, effective October 1, 2016. Fitzpatrick currently serves as Chiasma’ s Chief Financial Officer. He succeeds Mark Leuchtenberger, who has stepped down as Chief Executive Officer to..."/>
Chiasma Names Mark J. Fitzpatrick Chief Executive Officer
Masimo announced today that it is partnering with Smile Train to help ensure the safety of patients undergoing cleft lip and/or palate surgery in low-resource settings around the world. Patient monitoring, including the use of pulse oximetry, is a key part of ensuring safe surgical care; however, in lower-resource settings essential monitoring equipment is often unavailable, particularly in the post-operative period. 1 Working together, Smile Train and..."/>
Masimo Partners with Smile Train to Advance Safe Surgery
AVEO Pharmaceuticals, Inc., et al., Civil Action No. 1:14- cv-11672-DJC."/>
AVEO Oncology Announces Proposed Settlement and Settlement Hearing in 2014 Stockholder Litigation
Five Star Quality Care, Inc., one of the nation’ s leading senior living and healthcare services providers which does business under the name“ Five Star Senior Living”, today announced that seven communities participated at“ A Taste of Senior Living” in Clarksville, Maryland. The Lifespan Network invited Senior Living communities to feature dishes served to residents and a panel of judges critiqued the entrants based upon taste, texture and appearance."/>
Five Star Senior Living Has Seven Communities Compete in “A Taste of Senior Living” in Clarksville, Maryland
Invacare Corporation announced today that it has completed the sale of its subsidiary, Garden City Medical, Inc., dba PMI and Pinnacle Medsource, which sources and distributes primarily single-use products under the brand ProBasics ® by PMI, to Compass Health Brands for approximately $13.8 million in cash, subject to certain post-closing adjustments. As part of the transition, Invacare will cease selling the ProBasics products after a 15- day transition period."/>
Invacare Corporation Announces Sale of ProBasics Brand in Line with Transformation Strategy
Constellation Healthcare Technologies, Inc said. On 23 September, Constellation Healthcare Technologies agreed to..."/>
Constellation Healthcare Holds Earnout Shares in Escrow in Vega Medical Professionals Deal
Depomed, Inc. today announced that Judge Claire C. Cecchi of the United States District Court for the District of New Jersey has ruled in favor of Depomed in the company's patent litigation against all three filers of Abbreviated New Drug Applications for Depomed's NUCYNTA franchise. With the court’ s ruling, Depomed expects market exclusivity until December 2025 for NUCYNTA ® ER, NUCYNTA ® and NUCYNTA ® oral solution. 1. “We are pleased with the Court’ s..."/>
Depomed Prevails in NUCYNTA Franchise ANDA Litigation Providing Market Exclusivity Until December 2025
Prothena Corporation plc, announced today that its Co-founder, President and Chief Executive Officer, Dr. Dale B. Schenk, passed away this morning, after confronting his pancreatic cancer with the same courage, determination and humor that pervaded all areas of his life.. “Dale was a dear friend and colleague, and the broader scientific community has lost an incredibly innovative and creative leader,” stated Lars G. Ekman, MD, PhD, Chairman of the Prothena..."/>
In Memoriam – Friend, Scientific Innovator and Leader Dr. Dale B. Schenk has Passed Away
Aetna today declared a quarterly cash dividend of $0.25 per share on the company’ s common stock. The dividend is payable on October 28, 2016, to shareholders of record at the close of business on October 13, 2016.. Declaration and payment of future dividends is at the discretion of the Board and may be adjusted as business needs or market conditions change."/>
Aetna Board of Directors Declares Quarterly Cash Dividend
Novocure, Ltd., please note that the first paragraph should say "the three and nine months ended Sept. 30, 2016" rather than "the three and six months ended Sept. 30, 2016" as previously stated. Novocure to Report Third Quarter 2016 Financial Results. Novocure announced today that it will report financial results for the third quarter 2016 on Wednesday, Nov. 2, 2016, before the open of..."/>
CORRECTING and REPLACING – Novocure to Report Third Quarter 2016 Financial Results
WEX Inc. have a new perk: up to six weeks of fully paid parental leave for the birth or adoption of a child. The South Portland payment processing technology firm has joined a small but growing list of employers that offer paid leave to both male and female employees for childbirth and adoption. WEX implemented the new policy Sept. 1, retroactive to the beginning of this year."/>
WEX embraces new parental leave policy to attract, keep workers [Portland Press Herald, Maine]
Aetna today announced a new value-based collaboration with Baptist Health& St. Vincent’ s HealthCare to deliver care more efficiently. Together, they will offer employers and employees in Clay, Duval and St."/>
Aetna Introduces New Value-Based Care Collaboration with Baptist Health & St. Vincent’s HealthCare
Kinepolis sells Belgian Utopolis cinemas to UGC
Chartwell Retirement Residences, we are advised by the company that the first sentence of the second paragraph should read, "A conference call hosted by Brent Binions, President and Chief Executive Officer, Vlad Volodarski, Chief Financial Officer and Chief Investment Officer and Karen Sullivan, Chief Operating Officer will be held Thursday, November..."/>
CORRECTION - Chartwell Third Quarter 2016 Results and Conference Call
Seres Therapeutics, Inc. concerning possible violations of federal securities laws between June 25, 2015 and July 29, 2016 inclusive. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the November 28, 2016 lead plaintiff motion deadline.. To participate in this class action lawsuit, click here."/>
IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Seres Therapeutics, Inc. and Encourages Investors with Losses to Contact the Firm

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