Digital Transformation

This evolution of healthcare involves using technology to improve diagnosis, treatments, monitor patients, enhance hospital operations and culture, and bolster consumer-focused care. This includes virtual reality tools, wearable devices, workflow software, health apps and other digital health tools.

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HHS disseminates $6B for children's insurance

Health & Human Services Secretary (HHS) Kathleen Sebelius has reported that $6 billion in new federal funds will be made available to states and U.S. territories for fiscal year 2009 to provide healthcare to millions of children across the United States through their Children's Health Insurance Programs (CHIP).

Irish stent startup nets $17M in financing round

Cappella has completed a $17.3 million series C investment, led by new investors, Fountain Healthcare Partners and Mitsui Venture Partners. Enterprise Ireland also participated in the round alongside Cappella's existing investors, Polytechnos Partners and ACT Venture Capital.

Senate begins healthcare reform roll out

The Senate Committee on Health, Education, Labor and Pensions, led by Chairman Edward M. Kennedy, D-Mass., introduced legislation this week advocating for more government involvement in healthcare coverage. The bill is certain to launch a drawn-out debate over the current delivery direction of healthcare in the United States when it is introduced on the Senate floor in July.

Circulation: DES are safe, effective for elderly CAD patients

Stents coated with paclitaxel (Taxus from Boston Scientific) may be a safe, effective treatment option for coronary artery disease (CAD) patients age 70 and older, and should not be withheld due to advanced patient age, according to a study reported in the June 2 issue of Circulation: Cardiovascular Interventions.

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Around the web

Cardiovascular Business
FDA says years-long tirzepatide shortage is resolved, will give limited leeway to compounders

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

AI in Healthcare
From Capitol Hill to a hospital near you? 5 federal recommendations for healthcare AI policy

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Cardiovascular Business
Merck spends up to $2B to license new weight loss drug with potential heart benefits

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.