Falls Church, VA, nonprofit healthcare system Inova Health System announced it will set up a $100 million venture fund focused on precision medicine. The Inova Innovation Fund will include an incubator program and commercialization program to scale breakthroughs for the healthcare system, and is a key plank of the healthcare system's goal to develop the biotech and diagnostics industry in its home state. The announcement was just a small part of the Precision Medicine Initiative Summit, which is being hosted by the White House. More
@FierceMedDev: Propeller partners with Aptar in hopes of winning race to first integrated 'smart' inhaler. Story | Follow @FierceMedDev
> Philips and Allianz Worldwide Partners have launched a connected health program in Germany aimed at encouraging chronic disease patients to make better lifestyle choices. More
> The Clinical Center at the National Institutes of Health (NIH) has started investing a next-gen computerized tomography (CT) scanner, known as a photon-counting detector CT scanner, in the clinical setting. More
> Versago Vascular Access has raised $1.7 million to develop what it expects will be the first reverse needle access port to offer a new subcutaneous port that could replace current technology such as central venous catheters. More
Biotech News
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> Backed by Bill Gates, low-profile Exicure steps into spotlight with a $42M R&D gamble. Story
> Booming WuXi eyes $1.5B IPO for biologics unit: report. More
Pharma News
@FiercePharma: Dana-Farber and MIT team says financial engineering could help pay for big-ticket meds. More | Follow @FiercePharma
> CNBC: Valeant's CEO ready to return from leave, but board isn't sure he's ready. Article
> Bayer's 2016 outlook falls short, but maybe that's a favor to incoming CEO Baumann. Story
CRO News
> A year after its LabCorp buyout, Covance posts steady sales. More
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Pharma Manufacturing News
> Indian quality moves underway as industry, regulators meet. Report
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> Japan's Mitsubishi Tanabe expected to have fast-production flu vaccine ready by 2019. Item
> Seqirus adding vax production facility in U.K. Story
> ICIG acquiring Novartis intermediates plant that was set to fold. Article
Pharma Asia News
> Japan's Otsuka announces new plan for delamanid to help curb TB. News
> India kicks off 'red line' guide on antibiotic overprescription. More
> Hong Kong seeks a seat at precision medicine services table. Report
> Indian drug firms bought big in 2015 M&A with U.S. manufacturing focus. Story
> Drug manufacturing quality standards push on in India. Article