A company with a medical device to detect early onset of age-related macular degeneration, the leading cause of blindness in adults ages 50 or older, is raising $2 million in a series A preferred financing round to commercialize its diagnostic tool, which was approved by the U.S. Food and Drug Administration last year.Apeliotus Vision Science [...]

A New Zealand bladder cancer detection firm is opening its U.S. office at the biotechnology incubator Hershey Center for Applied Research, in a move that will add 100 jobs over three years.Pacific Edge Diagnostics will market its bladder cancer detection test, Cx Bladder, to urologists at the end of the year, according to a statement [...]

A biotechnology company that develops tests to determine dosages for more personalized cancer treatments has begun looking for a new CEO after the current head of the company submitted his resignation for family reasons. He will be replaced by a senior vice-president from Life Sciences Greenhouse of Central Pennsylvania, an incubator and investor in the [...]

The former chairman of BNP Sunstone and a pharmaceutical veteran has joined the board of a firm developing a cancer vaccine.Martyn Greenacre has served as a CEO of Delsys Pharmaceutical Corp., a formulation and drug-delivery system company later acquired by Elan. He worked in the European division of SmithKline Beecham in several roles that included [...]

As Penn Medicine expands digital health across its health system with the continued implementation of electronic medical records for inpatients and improves patient-monitoring for patients at risk for readmission, it is striking a balance between the need for change and the need for carrying it out at a manageable pace.Bill Hanson was appointed chief medical [...]

A nursing staff with advanced practice experience and the increasing role of health IT are two prominent hiring trends at Penn Medicine this year as health systems look for ways to improve patient outcomes.About 35 percent of the 1,000 hires it expects to make this year will be nurses and nursing support, including nurse practitioners [...]

A company formed to develop protein therapeutics to treat lysosomal storage diseases — rare genetic disorders that affect the metabolism of certain natural biological substances in cells — is raising $5 million in a series A financing round, according to a filing with the U.S. Securities and Exchange CommissionWith the investment, the company is seeking [...]

A study exploring lung repair and tissue regeneration to fight lung diseases by a team at the Perelman School of Medicine at the University of Pennsylvania in Philadelphia has received a $2.5 million grant.The grant was awarded by the National Heart, Lung, and Blood Institute’s Lung Repair and Regeneration Consortium to six institutions, including Penn, [...]

A drug to combat kidney failure that some cancer patients suffer after receiving high levels of chemotherapy drug methotrexate has been approved by U.S. regulators with an orphan drug designation.Voraxaze, made by UK-based BTG International, was approved by the U.S. Food and Drug Administration and will be marketed by the company’s U.S. office in West [...]

Penn Medicine is holding an “innovation tournament” for staff and faculty to propose ideas to improve the patient experience throughout its health system.In a phone interview with MedCity News, Judy Schueler, Penn Medicine chief human resources officer and vice president of organization development, said the competition is scheduled for a February 7 kick off.var page_count [...]