HOSPITAL GROUPS DECRY ‘UNCERTAINTY’ THEY SAY ACA RULING CAUSES:79彩票注册网址 The Chicago-based American Hospital Association, along with the Federation of American Hospitals, Catholic Health Association, Association of American Medical Colleges and America’s Essential Hospitals, filed a friend-of-the-court brief this week urging the Supreme Court to review a federal appeals court decision that the Affordable Care Act’s individual mandate is unconstitutional. Twenty states, including Illinois, also have petitioned the high court to review the decision.
79彩票注册网址"As litigation continues, hospitals, providers, and patients will have no definitive answer to whether the entire ACA will remain on the books when this case ends,” the brief says.”That uncertainty will have serious, perhaps irreparable, consequences for hospitals and the patients they serve. In particular, it would destabilize hospitals' ability to make long-term investments. Hospitals must decide which initiatives to fund years in advance. Before making those investments, hospitals need to know what the legal landscape will look like."
ACA’S IMPACT ON SOLVING DISPARITIES HAS STALLED: A report shows that while black and Hispanic adult uninsured rates dramatically declined thanks to the Affordable Care Act, that progress has largely stalled in recent years and the overall uninsured rate has started to climb, In addition, a study in cited a lack of health insurance coverage as a leading driver for racial disparities found in breast cancer mortality and outcomes.
HORIZON THERAPEUTICS TO SUPPORT LAKE COUNTY BIOSCIENCE INCUBATOR: North Chicago-based Rosalind Franklin University of Medicine & Science said Lake Forest pharmaceutical company Horizon Therapeutics will partner with the university to support Helix 51, the first bioscience incubator in Lake County. The university's incubator opened in May 2019 and Rosalind Franklin plans to open its Innovation & Research Park early this year.
"We are pleased that Horizon Therapeutics, one of Chicago's life science leaders and also one of its fastest-growing companies, is stepping up to support the regional entrepreneurial activities energized by our new Helix 51 incubator," Ronald Kaplan, the university's executive vice president for research, said in a statement. "Horizon's support in the regional bio ecosystem is pivotal. We expect to announce in the near future additional corporate partnerships."
79彩票注册网址The incubator will expand into the Innovation & Research Park in the second quarter to house a total of 15 early-stage bioscience companies, the statement said, adding that Lake County is home to 33,000 bioscience jobs and 122 companies, according to Lake County Partners, a non-profit economic development group. Development of the incubator is supported in part by $2.5 million in funding under the federal New Market Tax Credit program aimed at fueling investments that help create jobs and job-training opportunities in low-income communities, the statement said.
AMA EXPANDS INNOVATION NETWORK: The Chicago-based American Medical Association is expanding an innovation network with a new effort centered on early-stage startups and investors, . The network, an online forum that connects doctors with digital health companies, in collaboration this week with RedCrow, a crowdfunding company focused on healthcare startups. The new hub is part of the AMA's broader push to encourage healthcare technology startups to work with physicians.
MEDLINE BUYS CANADIAN DISTRIBUTOR: Northfield-based Medline Industries said it acquired Médi-Sélect on Jan. 9. The purchase of the Quebec City-based medical and dental supply distributor, the second Quebec acquisition since 2018, gives Medline Canada top market share in the Quebec market, Medline said.
ABBOTT GETS MITRACLIP TRIAL OK: Abbott Laboratories said the U.S. Food & Drug Administration has approved a first-of-its-kind clinical trial to compare the effectiveness of Abbott's minimally invasive MitraClip device to open-heart mitral valve surgical repair in people with primary mitral regurgitation. The company said if the trial is successful, the device can expand patients’ treatment beyond open-heart surgery.
"Abbott is leading the way in the structural heart space. We're pushing the field forward by making clinical investments to examine whether new, minimally invasive treatment options are suitable, or even preferable, to what has been the standard of care," Dr. Neil Moat, chief medical officer of Abbott's structural heart business, said in a statement.
ADVOCATE AURORA PLANS TO BE MULTIMARKET CONSOLIDATOR: 79彩票注册网址The Milwaukee Business Journal that Advocate Aurora intends to become a "multimarket consolidator" by buying hospitals and health systems. It also wants to consolidate with health insurance plans and introduce new consumer products by creating or acquiring a health and wellness business. The also reported recently that Advocate Aurora will be the official health care provider of the 2020 Democratic National Convention this summer in Milwaukee.
ASTELLAS COMPLETES AUDENTES ACQUISITION: Astellas Pharma said it has completed its acquisition of Audentes Therapeutics through a tender offer by its indirect wholly owned subsidiary Asilomar Acquisition for all the issued and outstanding shares of Audentes common stock for $60 a share.
"The Audentes team is comprised of highly talented individuals with world-class expertise in AAV-based genetic medicines manufacturing, research and development, and commercialization," Astellas President and CEO Kenji Yasukawa said in a statement. "We look forward to working with Audentes to accelerate and expand our efforts in genetic medicines, and to leverage this innovative science to create significant value for patients."
79彩票注册网址Audentes is based in San Francisco. Astellas subsidiary Astellas U.S. is based in Deerfield.
IN CASE YOU MISSED IT:
• Advocate Medical Group, the largest Chicago-area physicians group by net revenue, is closing immediate care clinics at seven Walgreens stores. The group, part of Advocate Aurora Health, is pulling out of locations where “overlap in available health care services . . . has resulted in volumes that are unsustainable,” it said in a Jan. 13 letter to the Illinois Nurses Association. READ MORE.
• In the wake of Cook County Health CEO Jay Shannon’s exit and uncertainty over how the system will address growing costs of charity and uncompensated care, Cook County Board President Toni Preckwinkle is proposing clawing back some of the county’s oversight of the system. READ MORE.
• Evanston biopharmaceutical startup Aptinyx closed a secondary stock offering of about $35 million to develop brain and nervous system drugs. READ MORE.
PEOPLE ON THE MOVE:
• Karen Tamley has been named president and CEO of Chicago-based Access Living’s Board of Directors. Tamley, who begins at Access Living on March 2, has served as the commissioner of the Chicago Mayor’s Office for People with Disabilities for 14 years.
• Robert P. Brown79彩票注册网址 has been promoted to vice president, senior director for Faithful+Gould’s North American pharma subsector. Brown has been with Faithful+Gould for 18 years.
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