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Indiana University has announced a major commitment to research in one of health care's most promising fields with the creation of the Indiana Institute for Personalized Medicine.
Writing on behalf of millions of Medicare beneficiaries with chronic health conditions who rely on Part D for their essential medications, 26 members of the Medicare Access for Patients Rx (MAPRx) coalition sent a joint letter urging members of the joint deficit panel ("supercommittee") to reject proposals to increase Medicare beneficiary cost-sharing, raise coinsurance, and freeze income thresholds as they seek ways to reduce federal spending.
Otonomy, Inc. announced today that it has closed a $38.5 million Series B financing co-led by Novo Ventures and RiverVest Venture Partners, and joined by Domain Associates and TPG Biotech. This financing is incremental to the $10 million Series A closed with Avalon Ventures in June 2010. Avalon also participated in the Series B round.
"If Congress stops" a series of proposed Medicaid rules "by amending the defense spending bill, it will have demonstrated its inability to control unnecessary spending - and abdicated its role to set sound policy," Dennis Smith, former director of the Center for Medicaid and State Operations and a senior fellow in health care reform at the Center for Health Policy Studies at the Heritage Foundation, writes in a Washington Times opinion piece.
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