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Court upholds $2.9B verdict in HealthSouth case

January 28, 2011 7:45 am | by JAY REEVES - Associated Press - Associated Press | Comments

The Alabama Supreme Court has upheld a $2.9 billion judgment against imprisoned HealthSouth Corp. founder Richard Scrushy over the fraud that nearly wrecked the rehabilitation company.The justices rejected Scrushy's appeal on Friday, ruling there wasn't any reason to overturn the verdict.The...

Zoll Medical shares fall on 1Q results

January 28, 2011 7:45 am | by The Associated Press | Comments

Shares of resuscitation device maker Zoll Medical Corp. fell Friday after the company said its fiscal first-quarter net income rose 69 percent on higher revenue, but that revenue fell short of Wall Street expectations.Shares of Zoll fell $1.75, or 4 percent, to $41.84 in midday trading. The...

Pfizer Chief Medical Officer Freda Lewis-Hall Named 2011 Woman of the Year by The Healthcare Businesswomen's Association

January 28, 2011 7:35 am | by Bio-Medicine.Org | Comments

FAIRFIELD, N.J., Jan. 28, 2011 /PRNewswire-USNewswire/ -- The Healthcare Businesswomen's Association (HBA) announced that its 2011 "Woman of the Year" is Freda Lewis-Hall, MD, chief medical officer of Pfizer. In her distinguished 30-year career, Dr. Lewis-Hall has held leadership...

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VirtualScopics Schedules Fourth Quarter/Full Year 2010 Earnings Announcement

January 28, 2011 7:35 am | by Bio-Medicine.Org | Comments

ROCHESTER, N.Y., Jan. 28, 2011 /- VirtualScopics, Inc. (Nasdaq: VSCP ), a leading provider of quantitative imaging for clinical trials, today announced that before the market opens on Thursday, February 24, 2011 it will release its fourth quarter and full year 2010 financial results. The...

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FedEx to Use CryoPort Technology in Frozen Shipping Service

January 28, 2011 7:33 am | by San Diego Business Journal | Comments

San Diego-based CryoPort Inc. said that FedEx Corp. has launched a frozen shipping product using CryoPort's technology. Financial terms of the business deal were not disclosed.

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2011 Fee Schedule Changes to Impact Radiologists(2)

January 28, 2011 7:33 am | by Diagnostic Imaging | Comments

Unfortunately, it appears that several other changes to the Medicare Part B Physician Fee Schedule payment system will have a relatively significant impact on radiology revenue's in 2011. Specifically, there are two major issues will affect us in 2011.

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2011 Fee Schedule Changes to Impact Radiologists

January 28, 2011 7:32 am | Comments

Unfortunately, it appears that several other changes to the Medicare Part B Physician Fee Schedule payment system will have a relatively significant impact on radiology revenue's in 2011. Specifically, there are two major issues will affect us in 2011.

TechniScan to Present Live, Online at RetailInvestorConferences.com on February 3rd

January 28, 2011 6:32 am | by Bio-Medicine.Org | Comments

SALT LAKE CITY, Jan. 28, 2011 /- TechniScan (OTC Bulletin Board: TSNI ), a medical device company engaged in the development and commercialization of an automated 3D breast ultrasound imaging system, today announced that Dave Robinson, Chief Executive Officer, will present at...

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Awarepoint Announces RTLS in Healthcare Leadership with 2010 Results

January 28, 2011 6:31 am | by Bio-Medicine.Org | Comments

SAN DIEGO, Jan. 28, 2011 /- Awarepoint Corporation, a privately held San Diego-based corporation, today announced it ended 2010 with 91 hospital sites contracted consisting of 45,062,013 million square feet of real-time location system (RTLS) network coverage in U.S. hospitals and 135,265...

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Adeona to Raise $4 Million in Registered Direct Offering

January 28, 2011 6:31 am | by Bio-Medicine.Org | Comments

ANN ARBOR, Mich., Jan. 28, 2011 /- Adeona Pharmaceuticals, Inc. (Amex: AEN ), a developer of innovative medicines for serious central nervous system diseases, announced today that it has executed an agreement for the sale of approximately 2.85 million shares of its common stock at $1.40...

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ResMed says 2Q net income rises on higher sales

January 28, 2011 5:45 am | by The Associated Press | Comments

ResMed Inc.'s second-quarter profit rose 27 percent as it sold more equipment for treating respiratory problems such as sleep disorders.For the October to December quarter, the San Diego company reported net income of $58.5 million, or 37 cents a share, compared with $45.98 million, or 30 cents...

Mylan Receives Approval for First-to-File Generic Sular® Extended-Release Tablets

January 28, 2011 5:32 am | by Bio-Medicine.Org | Comments

PITTSBURGH, Jan. 28, 2011 /- Mylan Inc. (Nasdaq: MYL ) today announced that its subsidiary Mylan Pharmaceuticals Inc. has received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for Nisoldipine Extended-release (ER) Tablets,...

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Ben-Gurion U. and PTT Chemical sign R & D agreement to commercialize green algae strain

January 28, 2011 4:38 am | by EurekAlert | Comments

(American Associates, Ben-Gurion University of the Negev) The agreement is for the production of dihomo gamma-linolenic acid (DGLA- Omega 6) using BGU's mutant strain of the green microalgae Parietochloris incise. The joint research will focus on optimizing DGLA production through...

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Boston Scientific Responds to DOJ Civil Lawsuit

January 28, 2011 4:32 am | by Boston Scientific | Comments

NATICK, Mass., Jan. 28, 2011 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced that yesterday afternoon, the Civil Division of the U.S. Department of Justice (DOJ) filed a civil False Claims Act compla

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Myriad Genetics 2Q profit slides on tax costs(2)

January 28, 2011 3:46 am | by The Associated Press | Comments

Molecular diagnostics company Myriad Genetics Inc. said its profit fell 32 percent in the fiscal second quarter as its tax expenses increased.Myriad said Thursday its net income declined to $24.2 million, or 26 cents per share, from $35.4 million, or 36 cents per share, a year earlier. Revenue...

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