BrightStar Wisconsin Foundation Inc. said Monday it has invested $250,000 in Moxe Health, a Madison maker of software that makes it easier to transfer clinical and claims data for use in analytics.
Shares of Exact Sciences Corp. plunged Tuesday morning after the U.S. Preventive Services Task Forceissued a preliminary recommendation, saying it considers the company’s non-invasive colon cancer test as an “alternative test.”
The Madison company’s stock dropped more than 40% in morning trading. The shares, which closed at $18.53 on Monday, dipped nearly as low as $10 Tuesday morning.
Exact Sciences Corp., which makes a non-invasive test for detecting colon cancer, will announce Thursday an agreement with a major cancer center that will help the company expand into early detection of lung cancer.
The collaboration is between Exact and The University of Texas MD Anderson Cancer Center, which has done extensive research with biological substances for predicting lung cancer. The partnership will build upon MD Anderson’s research and Exact’s successful development and commercialization of Cologuard, the only FDA-approved, non-invasive colon cancer screening test, Exact and MD Anderson said.
Gov. Scott Walker on Thursday proposed boosting the state’s economy through millions of dollars in tax credits aimed at nurturing technology and other start-up companies.
Speaking at an economic development conference near the Capitol, the Republican governor pledged to include the proposals in his budget bill he will introduce on Feb. 20. That legislation must pass both houses of the GOP-controlled Legislature and be signed by Walker to become law.
The University of Wisconsin System made $15.4 million in overpayments for health insurance premiums – including $8 million for 924 employees who had been terminated – and miscalculated retirement contributions that resulted in overpayments of another $17.5 million to the state retirement system, according to a financial audit for fiscal 2011-’12 released Thursday by the nonpartisan Legislative Audit Bureau.
Doctors and scientists in Wisconsin have published the first detailed account of a groundbreaking medical case in which they sequenced all the genes of a very sick young boy from Monona and used the information to treat the child.
Genetic experts said the Wisconsin case signals a new era in medicine in which doctors will be able to read our genetic script to diagnose and sometimes treat maladies, especially cancers and rare hereditary diseases.
Southeastern Wisconsin’s two biggest academic research institutions have formed an alliance to develop and commercialize new technologies.
The Medical College of Wisconsin and the University of Wisconsin-Milwaukee say the new agreement will help them jointly market and license technologies, with the potential to contribute to the region’s economic growth.
Partnerships between university researchers and private businesses, including those envisioned for University of Wisconsin-Milwaukee’s Innovation Park, are needed to help start companies in the Milwaukee area, speakers at a panel discussion said Monday.
However, similar efforts in other communities generally have not brought substantial job growth, one speaker said, and project backers should not oversell academic research as a “silver bullet” solution to lost jobs and Milwaukee’s swelling number of poor families.
With $1 million of seed money to draw upon, a new foundation is seeking to harness the brainpower of thousands of medical professionals across Wisconsin and create a huge research and development network.
Among potential innovations: pelvic fracture sealants, laser-based surgical instruments and safer blood thinners.
The Wisconsin Medical Entrepreneurship Foundation is the brainchild of three state-based health care organizations and WiSys Technology Foundation, the technology transfer arm for all UW System campuses except Madison and Milwaukee.
Aurora Drops Cerner and replaces with $100M EPIC Project, Cites Functionality and Integration Concerns
Aurora Health Care has spent more than $150 million to move to electronic health records 15 years ago. Yet this year, Aurora decided to replace its system with one designed by Cerner’s biggest competitor, Epic Systems Corp. The move will cost Aurora more than $100 million and take at least three years ans was prompted by increased functionality, maintainence and integration concerns.
Former Wisconsin Gov. Tommy Thompson is crisscrossing the country giving speeches, appearing on cable news shows and writing opinion pieces – all in an attempt to influence the national debate on health care reform.
His message: that the health care system needs a major overhaul, that 80% of what’s in the current health care proposals is stuff everyone can agree on and that the country needs to pay more attention to wellness, disease prevention and chronic illness.