Healthcare Deals This Week: Forbion, Eli Lilly And More
This week in healthcare, a handful of startups closed notable private rounds, while a Dutch venture capital firm announced it had raised more than €2 billion for life sciences investments.
Healthcare 'TRAP' Contracts' Fate Hinges On Noncompete Ban
The fate of the Federal Trade Commission's rule banning employment noncompete agreements could have wide-reaching implications for contracts that some employee-side advocates say can "trap" nurses and other healthcare practitioners in poor working conditions.
New Research Misconduct Rule May Expose, Chill Witnesses
While healthcare and life sciences attorneys largely view a new rule on research misconduct as a welcome revision, the update risks discouraging witnesses by entitling accused researchers to interview transcripts.
Deals & Corporate Governance More
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A dozen advocacy groups are pushing the Federal Trade Commission to block Novo Holdings' planned $16.5 billion purchase of Catalent, arguing that the deal would stifle competition for certain obesity and gene ... (more story)
A Michigan federal judge tossed a former employee's proposed class action claiming Pfizer Inc. let its $21 billion retirement plan be overcharged for recordkeeping fees, crediting the pharmaceutical giant's ar... (more story)
On Tuesday, healthcare companies Walgreens, UnitedHealth Group and Johnson & Johnson announced results for the third quarter of the calendar year, kicking off the earnings season.
The Blue Cross Blue Shield network will shell out $2.8 billion and invest "hundreds of millions" more overhauling its claims systems to soften barriers between members, in a massive antitrust settlement disclo... (more story)
The operator of 26 primary care centers in Florida has filed for Chapter 11 in hopes of a quick $45 million sale to an affiliate of health insurance company Humana Inc.
Digital Health & Technology More
An Apple attorney told a federal jury in Delaware on Monday that the company is willing to accept only a token damage award from Masimo Corp. for the health tech company's infringement of Apple's smartwatch, b... (more story)
Google, Meta Platforms and Criteo have asked a California federal court to cut them loose from litigation alleging that GoodRx improperly shared patients' protected health information with the tech companies, ... (more story)
McGuireWoods LLP has added a digital health expert from Cooley LLP, aiming to boost its offerings for clients in the space combining healthcare services with information and communications technology, the firm... (more story)
A California federal judge has trimmed but refused to completely toss a consolidated putative class action accusing online counseling platform BetterHelp Inc. of unlawfully disclosing consumers' confidential i... (more story)
Baker McKenzie said Tuesday that it had rehired a former associate from DLA Piper with expertise in artificial intelligence, digital health and regulatory and commercial matters to join the firm's North Americ... (more story)
Laboratory Corporation of America succeeded in its bid to have a patient privacy lawsuit handled by arbitration, after a Pennsylvania federal judge ruled that users of the company's website who sued it for all... (more story)
Policy & Compliance More
The North Carolina Supreme Court has ordered a trial court to reassess an optical surgeon's suit challenging the state's healthcare competition law over claims that the certificate of need statute violates the... (more story)
Attorneys for Caremark Rx, Express Scripts and OptumRx kept the door open Monday to challenging the Federal Trade Commission's constitutionality as they face an in-house case accusing the country's three large... (more story)
A New Jersey federal judge on Friday tossed Novartis Pharmaceuticals' challenge to a Medicare drug price negotiation program, ruling the company is not required to participate, and that participating in the pr... (more story)
Counsel for convicted Ontrak founder Terren Peizer urged a California federal judge Monday to grant a new trial in the healthcare executive's novel insider trading case, saying jurors weren't properly instruct... (more story)
A Dallas medical center affiliated with the University of Texas will pay $900,000 after a U.S. Department of Labor investigation found evidence that it discriminated against thousands of Black job applicants, ... (more story)
The former general counsel for the Florida Department of Health said Monday that he was directed by Gov. Ron DeSantis' office to send out letters threatening television stations with criminal prosecution if th... (more story)