ReportWire

Tag: Healthcare

  • Experts available to discuss potential harm to patients from AI-based software in doctor’s offices

    Experts available to discuss potential harm to patients from AI-based software in doctor’s offices

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    In a new commentary published in the Journal of the American Medical Association (JAMA), University of Maryland School of Medicine faculty warn against the use of AI-driven software tools and other large language models to summarize patient medical data without proper review and oversight from the US Food and Drug Administration (FDA). Without proper regulation, the commentary authors say these new tools could lead to biased decision-making and misdiagnosis. That could lead to severe harm to patients.

    Katherine Goodman, PhD, JD, Assistant Professor of Epidemiology and Public Health at UMSOM, Core Investigator at the University of Maryland Institute for Health Computing (UM-IHC) and lead author of the opinion, along with her colleagues point out that there are currently “no comprehensive standards for large language model-generated clinical summaries beyond the general recognition that summaries should be consistently accurate and concise.” They add that the FDA’s “final guidance for clinical decision support software – published two months before ChatGPT’s release – provides an unintentional ‘roadmap’ for how large language models can avoid FDA medical device regulation”.

    Dr. Goodman and Daniel Morgan, MD, MS, Professor of Epidemiology and Public Health and senior author on the commentary, are available for interviews to discuss concerns about how AI software tools could lead to narrative errors and bias in a patient’s electronic health record and recommendations to improve these tools.

    To request an interview, please contact UMSOM media relations.

    Full commentary can be found here

     

    MEDIA CONTACTS:

    Holly Moody-Porter

    Senior Media & Public Relations Specialist

    University of Maryland School of Medicine

     

    Deborah Kotz

    Senior Director of Media Relations

    University of Maryland School of Medicine



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    University of Maryland School of Medicine

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  • GSK PLC 4Q Pre-items, Pretax Pft GBP1.56B

    GSK PLC 4Q Pre-items, Pretax Pft GBP1.56B

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    Corrections & Amplifications

    This headline was corrected at 0731 GMT to reflect GSK PLC 4Q Pre-Items, Pre-Tax Pft GBP1.56B, not GBP8.11B

    Corrections & Amplifications

    This headline was corrected at 0729 GMT to reflect GSK PLC 4Q Adj EPS 28.9p, not Adj EPS GBP1.551

    By Joe Hoppe

    GSK said its sales rose, driven by growth in its best-selling shingles vaccine Shingrix and the launch of RSV vaccine Arexvy earlier last year, and raised its guidance for 2024.

    The British pharmaceutical major posted sales of 8.05 billion pounds ($10.22 billion) for the fourth quarter of 2023, up from GBP7.33 billion the year prior and beating a Visible Alpha consensus of GBP7.61 billion.

    Write to Joe Hoppe at joseph.hoppe@wsj.com

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  • Bernadette Boden-Albala to be honored for contributions in addressing stroke inequities

    Bernadette Boden-Albala to be honored for contributions in addressing stroke inequities

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    Newswise — Irvine, Calif., Jan. 30, 2024 — Bernadette Boden-Albala, M.P.H., Dr.P.H., director of the University of California, Irvine Program in Public Health and founding dean of the planned School of Population and Public Health, has been selected to receive the prestigious Edgar J. Kenton III Lecture Award from the American Stroke Association, a division of the American Heart Association, just prior to its annual International Stroke Conference. She is being recognized for her lifetime achievement of contributions to investigation, management, mentorship and community service in the field of stroke inequities or related disciplines.

    “It’s a great honor to be acknowledged by the American Heart Association’s leadership at such an important event,” Boden-Albala said. “Stroke exhibits significant racial and ethnic inequalities, encompassing differences in incidence, prevalence, treatment and outcomes. This award and lecture provide me with a valuable platform to highlight the crucial role of community-based research, particularly in addressing stroke disparities among diverse communities.”

    An internationally renowned expert in the social epidemiology of stroke and cardiovascular disease, Boden-Albala has authored or co-authored 170 publications that have become a blueprint for community-based stroke and heart disease prevention. Her robust research portfolio spans more than 25 years, with a focus on the roles of sex, race/ethnicity, socioeconomic status, social support, social networks and stress. Her work has significantly contributed to the understanding of inequalities and patterns of disparity across the U.S. and globally.

    The American Heart Association will host its 2024 International Stroke Conference on Feb. 7 to 9 at the Phoenix Convention Center. Boden-Albala will present her lecture Feb. 6 at a pre-conference symposium called Health Equity and Actionable Disparities in Stroke: Understanding and Problem Solving. Held at the same site, HEADS-UP is recognized internationally as the premier meeting dedicated to the science and treatment of cerebrovascular disease and brain health. This annual gathering brings together a vast network of professionals to gain insights into the physiological processes associated with stroke, explore more effective therapies for brain health and stroke recovery, and collectively strive to reduce the burden of stroke worldwide.

    About the University of California, Irvine: Founded in 1965, UCI is a member of the prestigious Association of American Universities and is ranked among the nation’s top 10 public universities by U.S. News & World Report. The campus has produced five Nobel laureates and is known for its academic achievement, premier research, innovation and anteater mascot. Led by Chancellor Howard Gillman, UCI has more than 36,000 students and offers 224 degree programs. It’s located in one of the world’s safest and most economically vibrant communities and is Orange County’s second-largest employer, contributing $7 billion annually to the local economy and $8 billion statewide. For more on UCI, visit www.uci.edu.

    Media access: Radio programs/stations may, for a fee, use an on-campus ISDN line to interview UCI faculty and experts, subject to availability and university approval. For more UCI news, visit news.uci.edu. Additional resources for journalists may be found at https://news.uci.edu/media-resources.

    NOTE TO EDITORS: PHOTO AVAILABLE AT
    https://news.uci.edu/2024/01/30/bernadette-boden-albala-to-be-honored-for-contributions-in-addressing-stroke-inequities/



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  • Fighting Viruses that Cause Cancer

    Fighting Viruses that Cause Cancer

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    Newswise — Contrary to how it may seem, most viruses do not want to kill their hosts. “They want to hang out as long as possible, make more viruses, and infect as many other hosts as they can,” says Karl Munger, the Dorothy Todd Bishop Research Professor and chair of developmental, molecular and chemical biology at Tufts University School of Medicine. Unfortunately, that nasty proclivity of viruses to multiply and infect has some unintended consequences.

    In the battle between host and invader, cells produce responses to stop viruses from growing, and viruses try and commandeer the cells’ defense mechanisms and get them to replicate regardless. “There’s a fight between host and virus; because it needs to multiply, it tries to convince a non-dividing cell to divide,” Munger says, “which is one of the hallmarks of cancer.”

    Munger has been studying the connections between viruses and cancer for more than 30 years, starting with his Ph.D. at the University of Zurich, and including stints at the National Institutes of Health (NIH) and Harvard University, before coming to Tufts in 2014. By conservative estimates, viruses are responsible for 15 percent of cancers. “It’s probably double that if you look at cancers in which viral infections have contributed,” says Munger, who focuses his work on human papillomavirus (HPV), the most common sexually transmitted infection. He joined Tufts with the intent of creating a nucleus for basic research into viruses and cancer, a relatively under-recognized and underfunded area of cancer research.

    “Studying how viruses contribute to cancer is an opportunity to distinguish Tufts as a center of excellence in cancer research,” says Munger, who is also interim vice dean for research at the School of Medicine.

    That focus plays to the Tufts’ strengths. Brian Schaffhausen, professor emeritus of developmental, molecular and chemical biology, has made seminal discoveries about the growth and suppression of tumors by focusing on murine polyomavirus. John Coffin, American Cancer Society Research Professor and Distinguished Professor in Molecular Biology and Microbiology, has long studied the connections between cancer and retroviruses such as HIV. Katya Heldwein, American Cancer Society, Massachusetts Division, Professor of Molecular Biology, examines how herpesviruses get in and out of cells—and how they might be stopped. Recently, Tufts hired two new researchers: Rui Guo, assistant professor of molecular biology and microbiology, who focuses on Epstein-Barr virus (EPV) and joined the university last July; and Aaron Mendez, assistant professor of molecular biology and microbiology, who is a specialist on Kaposi’s sarcoma-associated herpesvirus (KSHV) and joined Tufts in January.

    Munger, who is also affiliated with the Graduate School of Biomedical Sciences, learned the power of collaboration early in his career. As a postdoctoral researcher at the NIH, he focused on two proteins, known as E6 and E7, that are expressed in cervical cancer associated with HPV. At that time, researchers didn’t know whether they were drivers of cancer or mere innocent bystanders. In helping to solve that question, Munger was inspired by an annual meeting of researchers working on a specific tumor suppressor protein held in a farmhouse in Western Massachusetts, organized by leaders in the field, including the late David Livingston, M65, who was physician-in-chief at Dana-Farber Cancer Research Institute.

    “I learned that even though competition drives scientific progress, research should not be a blood sport, and in general it is more productive to solve problems with help from your friends,” Munger wrote in Viruses and Cancer: An Accidental Journey, an account of his research published in PLOS Pathogens in 2016.

    Munger and his colleagues determined those tiny viral proteins did in fact cause cancer by subverting the cells’ usual signaling pathways to create uncontrolled division. “There are around 400 different kinds of HPV, and only a very small number of them are cancer-causing,” Munger says. His lab is now looking at ways to target these viral proteins.

    Targeting HIV

    A class of viruses known as retroviruses, including HIV, infects the body by implanting themselves directly into the chromosomes inside the cell nucleus, joining their DNA to that of the host’s. Years ago, people thought HIV couldn’t cause cancer, explains John Coffin, since HIV usually kills the cells that it infects.

    Coffin’s lab has long been studying how retroviruses cause cancer, first in animals, and more recently with HIV in human cells. When genetic material gets integrated into the wrong gene, it can cause rampant cell division leading to cancer. “Researchers have identified hundreds of genes like this, where a gene involved in cellular growth is supposed to be turned on and off, but instead it’s turned on all the time,” says Coffin, who has spent decades studying HIV and other retroviruses. “Then the cell goes out of control and divides all the time, which is basically what cancer is.”

    That’s important, he says, since this process often starts before an individual knows they are infected. HIV patients are also particularly susceptible to side effects of cancer treatments like chemotherapy and radiation, which can stress already weakened immune systems.

    Coffin has shown that HIV can cause cancerous changes when integrating into a specific area of the cell’s DNA called the STAT3 gene. Identifying the specific cell and viral genes that can cause cancer can help scientists find a targeted treatment to prevent it. “If you can find a small molecule that turns off the expression of the virus, you can kill the cancer even long after it has started.”

    These therapies are becoming even more important for HIV patients, who can now live much longer than they used to due to new antiretroviral treatments that can extend life. “Prior to the 1990s, patients were dying at a much younger age, and didn’t have a chance to develop these problems,” says Jose Caro, an attending physician at Tufts Medical Center and the Dr. Jane Murphy Gaughan Professor and assistant professor of medicine at the School of Medicine. In the late 1990s, physicians noticed many more HIV patients developing anal cancer, which is associated with HPV. While female patients are often screened for cervical cancer, he says, precursors to anal cancer were often left undetected until it was much farther along.

    “Because HIV has an effect on the immune system, it is more likely that somebody would acquire another virus—or if they previously acquired the virus, that it would progress and replicate,” says Caro. While 80% of sexually active people acquire HPV, it may persist in tissues of HIV patients longer than it does in others, he says—and the longer it persists, the higher likelihood of causing cancer.

    Anal cancer, he adds, is a very difficult cancer to treat, especially in HIV patients with weakened immune systems. “Chemo and radiation come with their set of difficulties and side effects, at the same time, there are also the emotional and psychological side effects of having a genital cancer that can affect someone’s sex life,” Caro says. Lately, there has been hope for the condition, with a landmark study last year that identified a precursor to anal cancer that can help doctors catch it early.

    Battling Herpes

    Another class of viruses that can cause cancer are herpesviruses—however, not the oral or genital herpes that usually come to mind. “There are nine different types of herpesviruses that infect humans, and only two cause cancer,” says Katya Heldwein. Those are EBV, better known for causing infectious mononucleosis or “mono,” and KSHV, which can cause a rare cancer affecting bone and soft tissue. Heldwein’s research focuses on how these viruses get inside and out of these cells.

    “If they can’t get inside the cell, then the cell doesn’t get infected,” she says. Just as importantly, once viral material is inside the nucleus, “they still have to assemble all of the viral components, so the complete viral particle comes out to infect more cells. If you understand how this happens, you can identify weak points and target them.”

    Heldwein says viruses—including HIV and influenza—fuse with the cell membrane by using a single protein to unlock the membrane and spill its contents inside. Herpesviruses, however, distribute that unlocking function across three or four different proteins, Heldwein says.

    “Instead of one person using a key, it’s like one person picks up the key, another sticks it in the lock, another turns it, and another pushes open the door.” It’s a mystery why these viruses have evolved such a complicated method, she says, but it makes it much more difficult to target them with a vaccine. “You could raise antibodies against one protein, but in isolation, it might not look to the immune system the same way it does to its friends,” she says. She and other biologists are just beginning to understand how all these parts work together.

    While Heldwein doesn’t focus specifically on the connection between herpesviruses and cancers, she is thrilled about the recruitment of Guo and Mendez to the School of Medicine, who work on cancer and EBV and KSHV, respectively.

    Guo’s research focuses on how EBV transforms normal human cells into cancerous ones, particularly in immunocompromised individuals. “Some 95 percent of people have this virus, but in most people, their immune system can suppress it, pushing it into the direction of latency,” he says. In addition to mononucleosis, EBV can also cause certain types of cancer, such as Burkitt’s lymphoma, which hides within white blood cells and can cause abnormalities within those cells that lead to cancer development.

    As a postdoctoral researcher at Brigham and Women’s Hospital and Harvard Medical School, Guo was interested in discovering how EBV manages such metabolic processes, performing genetic screens to see whether those genetic chances can be stopped. He and colleagues focused on how the virus uses certain nutrients, including a particular amino acid called methionine. In a paper published last year, they showed that in mice infected with Burkitt’s lymphoma, a diet low in methionine changed the makeup of tumor cells, causing EBV to become visible to the immune system—and therefore potentially subject to attack.

    “Just by changing the diet, we could see the EBV gene got repressed in those mice, and the tumor stopped growing within two weeks,” Guo says. While treatment in humans is still a way off, the findings provide hope that a similar strategy could be followed as an alternative to more invasive chemo and radiation therapies, perhaps combined with T-cells that can target tumor cells in the blood.

    While all these researchers are pursuing different viruses, exploring different pathways towards intervention, there are enough commonalities in their approach to make collaboration fruitful, says Munger. Each is examining the mechanism in which these viruses manipulate the body’s genetic processes and cause cells to become cancerous—and each is searching for a way to stop that malfunction with treatments that could potentially be a less invasive alternative to current cancer treatments.

    While such research can be slow, and frustrating at times, the payoff could be huge, says Munger, who is often reminded of something his mentor Livingston, who passed away in 2021, used to say: “Even if you have bad days where your grants get rejected and your research doesn’t work, a cancer patient never has a good day.” That idea has always stuck with Munger and continues to motivate him to create a powerful center of excellence devoted to viruses and cancer. “There are a lot of commonalities between what these viruses do and the pathways they target,” he says. “This is definitely something we can examine together.”



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  • Subcutaneous Nivolumab as Effective as IV for Renal Cell Carcinoma — With Much Faster Treatment Time

    Subcutaneous Nivolumab as Effective as IV for Renal Cell Carcinoma — With Much Faster Treatment Time

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    • Subcutaneous formula slashes treatment time to under 5 minutes
    • Broad impact seen for greater access to and experience with treatment
    • Study has implications for treatment of many cancer types

    Newswise — SAN FRANCISCO — Subcutaneous injection of the immunotherapy nivolumab (brand name Opdivo) is noninferior to intravenous delivery and dramatically reduces treatment time in patients with renal cell carcinoma, as seen in the results of a large phase 3 clinical trial reported today at the 2024 American Society of Clinical Oncology (ASCO) Genitourinary Cancers Symposium in San Francisco, California. Saby George, MD, FACP, Professor of Oncology and Medicine and Director of Network Clinical Trials at Roswell Park Comprehensive Cancer Center, will deliver an oral abstract summarizing the findings of “A Study of Subcutaneous Nivolumab Versus Intravenous Nivolumab in Participants with Previously Treated Clear Cell Renal Carcinoma That Is Advanced or Has Spread (CheckMate-67T)” (NCT04810078).

     “The burden of treatment felt by cancer patients is tremendous. If nivolumab can be given as a subcutaneous injection instead of an intravenous infusion, their treatment experience will be significantly improved,” says Dr. George, who is the presenting author, a member of the clinical trial steering committee and site principal investigator at Roswell Park. “Instead of one hour in an infusion chair, they will get the injection done in five minutes.”

    He points to the high demand for infusion chair appointments at most cancer centers, which can result in treatment delays of a week or more.

    “If nivolumab becomes available subcutaneously, we can administer it in the clinic instead of sending patients to infusion centers,” he says. That outcome could simultaneously speed treatment time for patients receiving nivolumab and shorten wait times for patients who still need to receive treatment in an infusion center.

    The availability of injectable nivolumab could also reduce health disparities. “One of the major problems is access to treatment,” says Dr. George, noting that some patients live a long distance from an infusion center and do not have a way to get there. “Patients who don’t live near an infusion center could get treatment closer to home, at a clinic, and that could improve access and help reduce disparities.”

    Sponsored by Bristol Myers Squibb, the drug’s manufacturer, the clinical trial began in May 2021, randomizing 495 patients at 73 centers in 17 countries. Roswell Park was one of only three participating sites in the U.S. and the only one in New York State.

    Patients in the study had advanced or metastatic renal cell carcinoma, had received no more than two prior treatments with systemic therapies and no prior immunotherapy. They were randomized 1:1 to receive nivolumab either subcutaneously or intravenously. Nivolumab is FDA-approved and the standard-of-care treatment for those patients.

    The study’s primary objective was to evaluate the pharmacokinetics of subcutaneous vs. intravenous delivery — how the body interacted with the nivolumab, including whether blood levels of the drug were comparable in the two groups over time. Those measures included the daily average concentration of the drug in the blood over 28 days (Cavgd28) and the concentration of the drug at the end of the dosing cycle (Cminss). Both measures were noninferior to intravenous nivolumab, as evidenced in pharmacokinetic measures and overall response rate.

    The objective response rate for the subcutaneous group — the percentage of patients who achieved a complete or partial response, measured by blinded independent central review — proved noninferior to the intravenous group, at 24.2% vs. 18.2%, respectively. Median progression-free survival stood at 7.23 months for the subcutaneous group vs. 5.65 months for the IV group. The safety profile was similar for both groups.

    More than 80,000 new cases of renal cell carcinoma are diagnosed in the U.S. each year.

    Because nivolumab is already FDA-approved for more than 20 indications across multiple malignancies, CheckMate-67T will likely serve as a gateway to additional studies evaluating the effectiveness of the subcutaneous formula in other patient populations.

    “This is a groundbreaking achievement for patients and physicians, and will definitely make treatment easier for patients,” says Dr. George.

    ASCO GU Presentation Details

    Abstract LBA360: “Subcutaneous nivolumab (NIVO SC) vs. intravenous nivolumab (NIVO IV) in patients with previously treated advanced or metastatic clear cell renal cell carcinoma (ccRCC): Pharmacokinetics (PK), efficacy, and safety results from CheckMate 67T.”

    Time/date: Saturday, Jan. 27, 2024, 8:47 a.m. PST, Moscone West, Level 3, Ballroom

    ###

    From the world’s first chemotherapy research to the PSA prostate cancer biomarker, Roswell Park Comprehensive Cancer Center generates innovations that shape how cancer is detected, treated and prevented worldwide. Driven to eliminate cancer’s grip on humanity, the Roswell Park team of 4,000 makes compassionate, patient-centered cancer care and services accessible across New York State and beyond. Founded in 1898, Roswell Park was among the first three cancer centers nationwide to become a National Cancer Institute-designated comprehensive cancer center and is the only one to hold this designation in Upstate New York. To learn more about Roswell Park Comprehensive Cancer Center and the Roswell Park Care Network, visit www.roswellpark.org, call 1-800-ROSWELL (1-800-767-9355) or email [email protected].



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  • STS Announces Late-Breaker Research to Be Presented 
at the 2024 Annual Meeting

    STS Announces Late-Breaker Research to Be Presented at the 2024 Annual Meeting

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    Newswise — SAN ANTONIO (January 27, 2024) — The Society of Thoracic Surgeons has released late-breaking research scheduled for presentation at the 2024 Annual Meeting taking place January 27 – 29 in San Antonio. The conference, healthcare’s leading scientific and educational convening specializing in cardiothoracic surgery, has a rich history of showcasing clinical trials with a strong foundation of detailed methodology and trusted data collection governed by ethical clinical principles.

    The event’s late-breaking trial sessions focus on studies anticipated to significantly influence advances in cardiothoracic patient care. In this fast-paced healthcare landscape, surgeons look for the latest evidence to identify new therapies or preventive measures and help inform the most effective treatment decisions.  

    Key late-breaking studies selected for presentation include:

    Longitudinal Follow-up of Elderly Patients After Esophageal Cancer Resection in the Society of Thoracic Surgeons General Thoracic Surgery Database

    The study defines characteristics associated with long-term survival following esophagectomy for cancer in the Medicare population, using the STS General Thoracic Surgery Database linked to Centers for Medicare and Medicaid Services data. The analysis included 4,798 patients from 207 STS sites who underwent esophagectomy between 2012-2019. The researchers found that Medicare patients undergoing esophagectomy for cancer exhibit identifiable predictors for long-term survival and readmission. The absence of pathologic T and N downstaging increases the risk for long-term mortality and readmission.

    These findings suggest opportunities to enhance clinical practice and improve outcomes for Medicare patients undergoing esophagectomy for cancer.

    Cardiac Surgery after Transcatheter Aortic Valve Replacement: Trends and Outcomes

    The researchers set out to document trends and outcomes in cardiac surgery following transcatheter aortic valve replacement (TAVR), a topic gaining importance as reports of subsequent cardiac operations and early TAVR explantations increase. Using the Society of Thoracic Surgeons Adult Cardiac Surgery Database, the study covers adult patients who underwent cardiac surgery after an initial TAVR from January 2012 to March 2023.

    The findings underscore the escalating need for both aortic and non-aortic valve cardiac surgeries following TAVR. They note a substantial increase in the frequency of these surgeries, emphasizing the importance of understanding outcomes. The observed elevated risk in these cases, as indicated by mortality and stroke rates, calls for careful consideration, particularly given the expanding use of TAVR across a broader range of age and risk profiles. The study suggests the need for ongoing assessment and longitudinal evidence to inform decision-making in the evolving landscape of TAVR applications.

    The STS 2023 Clinical Practice Guidelines for the Surgical Treatment of Atrial Fibrillation: Key Takeaways and How Do They Differ from the ACC/AHA Atrial Fibrillation Clinical Practice Guidelines?

    The Society of Thoracic Surgeons’ 2023 clinical practice guidelines for the surgical management of atrial fibrillation (AF) incorporates the latest evidence for surgical ablation (SA) and left atrial appendage occlusion (LAAO) across various clinical scenarios. It emphasizes the evolving role of surgical ablation and left atrial appendage occlusion in managing atrial fibrillation.

    Compared to the 2017 clinical practice guidelines, this latest version emphasizes SA in first-time, non-emergent cardiac surgery and its long-term benefits, an extension of the recommendation to perform SA in all patients with AF undergoing first-time, non-emergent cardiac surgery. Further guidance is provided for patients with structural heart disease and AF who are considered for transcatheter valve repair or replacement.

    The recommendations highlight the importance of a multidisciplinary team, comprehensive assessment, and long-term follow-up, with specific attention to diverse clinical scenarios. The Class I recommendation for LAAO and expanded use of SA signify the growing confidence in these interventions based on recent evidence.

    Impact of Surgical Factors on Event-Free Survival in the Randomized, Placebo-Controlled, Phase 3 Trial of Perioperative Pembrolizumab For Early-Stage Non-Small-Cell Lung Cancer

    New findings from the KEYNOTE-671 research study, focused on resectable early-stage non-small-cell lung cancer (NSCLC), have unveiled a significant breakthrough in the treatment landscape.

    The study, titled “Impact of Surgical-Related Data on Event-Free Survival in KEYNOTE-671,” demonstrated that neoadjuvant therapy with pembrolizumab plus chemotherapy did not delay surgery. Neoadjuvant pembrolizumab plus chemotherapy with adjuvant pembrolizumab provided meaningful improvement in EFS compared with neoadjuvant chemotherapy alone for resectable early-stage NSCLC regardless of clinical nodal status, baseline disease stage, or type of surgery.

    Note to editors: Abstracts are available upon request.

    # # #

    Founded in 1964, The Society of Thoracic Surgeons is a not-for-profit organization representing more than 7,700 cardiothoracic surgeons, researchers, and allied healthcare professionals worldwide who are dedicated to ensuring the best possible outcomes for surgeries of the heart, lung, and esophagus, as well as other surgical procedures within the chest. The Society’s mission is to enhance the ability of cardiothoracic surgeons to provide the highest quality patient care through education, research, and advocacy.

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  • Matt Gaetz Caught On Camera Admitting Trump Plans To Cut People's Healthcare

    Matt Gaetz Caught On Camera Admitting Trump Plans To Cut People's Healthcare

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    While campaigning for Trump in New Hampshire, C-SPAN caught Rep. Matt Gaetz (R-FL) saying that Trump wants to cut Americans’ healthcare.

    Gaetz said, “There are other places of mandatory spending where President Trump does seek reductions. Medicaid for example.”

    Video:

    As of September 2023, more than 88 million Americans were enrolled in Medicaid, or the Children’s Health Insurance Program (CHIP). Over 39 million Americans were children who were enrolled in CHIP or Medicaid.

    Rep. Gaetz suggested that if Trump returns to the White House, he intends to target children and persons with disabilities for health care cuts.

    Trump talks about building walls and rants about deep states and conspiracies that he claims are being carried out against him, but what isn’t talked about is the destructive policy agenda that would come with a Donald Trump return to the White House.

    Harming kids and differently-abled persons is part of the plan for a second Trump term. Those expanded tax cuts for the wealthy and corporations that he is planning if he gets back into the Oval Office have to be paid for by someone.

    Matt Gaetz said the quiet part out loud. MAGA intends to make children suffer so that the wealthy can have an even bigger tax cut.

    A Special Message From PoliticusUSA

    If you are in a position to donate purely to help us keep the doors open on PoliticusUSA during what is a critical election year, please do so here. 

    We have been honored to be able to put your interests first for 14 years as we only answer to our readers and we will not compromise on that fundamental, core PoliticusUSA value.

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  • Roche's Cancer Injection Tecentriq SC Gets European Commission Approval

    Roche's Cancer Injection Tecentriq SC Gets European Commission Approval

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    By Andrea Figueras

    Roche said that the European Commission approved Tecentriq SC, a cancer immunotherapy subcutaneous injection for multiple cancer types.

    The Swiss pharmaceutical company said Tuesday that it has been granted marketing authorisation for Tecentriq SC, which reduces treatment time by approximately 80% compared with standard IV infusion.

    The subcutaneous injections take between four and eight minutes, while until now the treatment had been given directly into patients’ veins by IV infusion, which takes approximately 30-60 minutes.

    Last year, more than 38,000 people in the EU received Tecentriq to treat different types of lung, liver, bladder and breast cancer, Roche said.

    The company is also working closely with several providers in Europe to include Tecentriq SC in cancer homecare initiatives where possible.

    The injections can also be administered by a healthcare professional outside of the hospital, in a community care setting or at a patient’s home, depending on national regulations and health systems.

    Write to Andrea Figueras at andrea.figueras@wsj.com

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  • Few older adults use direct-to-consumer health services; many who do don’t tell their regular provider

    Few older adults use direct-to-consumer health services; many who do don’t tell their regular provider

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    Newswise — Only a small percentage of older Americans have jumped on the rising trend of getting health care services and prescriptions directly from an online-only company, rather than seeing their usual health care providers in person or via telehealth, a new poll finds.

    But that could change rapidly, the University of Michigan survey suggests.

    In all, 7.5% of people between the ages of 50 and 80 have used at least one direct-to-consumer health care service from an online-only provider, according to the new findings from the National Poll on Healthy Aging.

    Of those who did use such a service, most said they were driven by convenience. More than 60% of them received a prescription, mostly for a one-time treatment. But only one-third of them told their regular health care provider about the prescription.

    People in their pre-Medicare years of 50 to 64 were more than twice as likely as adults over 65 to have used direct-to-consumer, or DTC, online health services (10% vs. 4%). Meanwhile, 47% of those over 65 said they had never heard of such companies.

    Looking to the future, nearly a third of all older adults, and more than 42% of those age 50 to 64, said they’d be interested in using such services in the future.

    The poll is based at the U-M Institute for Healthcare Policy and Innovation, and supported by AARP and Michigan Medicine, U-M’s academic medical center.

    For the DTC survey, the poll team worked with members of U-M’s Center for Value-Based Insurance Design, who are interested in how cost and convenience influence people’s health care decisions and the continuity of care delivery.

    A rapidly growing sector spurs concerns

    The rise of DTC sites and subscription-based apps that promise convenient online access to providers who can evaluate symptoms, make diagnoses and prescribe medicines has received a lot of attention, especially amid a national crunch in availability of primary care providers and timely appointments.

    Such companies include Amazon Clinic, Sesame, Roman, BetterHelp, Rosy, Lemonaid, Hims & Hers, and don’t require a referral or health insurance. Drug companies and membership-based organizations including Weight Watchers and Costco have also started offering access to such direct services.

    But the trend has raised concern because of the potential for patients to receive care and prescriptions from providers who don’t know their full health history, don’t have access to their full medical records, and may not check for potentially dangerous interactions between medications.

    One-third of those who had used a DTC service said their primary care provider wasn’t aware they had done so. If they received a new prescription through an encounter with a DTC health service, one-third said their regular primary care provider was not made aware of the new medication they were prescribed. The majority of those who received prescriptions through a DTC service said it was for a one-time treatment.

    “These compelling findings have important implications for patient safety and continuity of care,” said Mark Fendrick, M.D., director of VBID and IHPI member who is a primary care physician at Michigan Medicine. “With rapid growth in this sector of health care predicted for this year and beyond, all providers, insurers and regulators need to pay more attention to how patients are using these services and why, and the impact on care quality and safety.” Fendrick is a professor of internal medicine in the Division of General Medicine at the U-M Medical School.

    His colleague Nicole Hadeed, M.D., who also worked on the poll and is a clinical assistant professor, notes that while the number of poll participants who said they had used DTC services was relatively small, the analysis gives clues that should inform further research.

    Types of care received

    Nearly half of those who had used a DTC service said it has been for general health care such as treatment of allergies, sinus infections, pink eye or acid reflux, though again there was a clear divide between the 50-64 and 65-80 age groups.

    Overall, nearly 12% said they’d used a service for mental health reasons, but the proportion was much higher (50%) among respondents who said they considered their mental health to be fair or poor and had used a DTC service of any kind.

    As for other types of care, 15% had sought help from a DTC service for a sexual health issue, 9% had used it for skin care, 6% had used it for weight management, nearly 5% had used it for hair loss and a similar percentage had used it for pain management.

    Convenience topped the list of reasons for choosing a DTC service, with 55% saying this drove their decision. But lack of access to their regular health care provider, not having a regular health care provider, or needing a service when their health provider was not open or available were each cited by around 20%. Discomfort discussing a sensitive health topic with a provider – often cited in marketing by such companies – was only mentioned by 10% of those who had turned to a DTC service.

    “For both patients and providers, these findings drive home the importance of open dialogue and transparency about the potential uses, benefits and risks of these services – and the importance of maintaining contact for ongoing primary care,” said Jeffrey Kullgren, M.D., M.P.H., M.S., director of the poll and a primary care provider at the VA Ann Arbor Healthcare System who is also an associate professor at the Medical School.

    More than 55% of the poll respondents who had used a direct-to-consumer service said the overall quality of care they get from their primary care provider is better than what they received from a DTC provider.

    Fendrick and Hadeed wrote about the potential long-term change to primary care use from telehealth services in a piece published early in the COVID-19 pandemic in the American Journal of Managed Care.

    And in fact, 58% of poll respondents who had used a DTC service had started doing so in 2020, 2021 or 2022.

    The rapid pivot during the pandemic to vaccination in pharmacies, and not just primary care clinics, has also changed how people think about alternate ways of getting care that might be closer to home or have more flexible hours.

    However, Fendrick notes, pharmacies share information about vaccination with insurance companies and statewide immunization registries that primary care providers can access.

    “Patients will increasingly seek care online because of the convenience it can provide, especially for those willing to pay the cost out of pocket,” said Fendrick. “Its use will likely be boosted by the rapidly increasing number of online vendors and the national shortage of primary care clinicians. The recent launch of a telemedicine platform offering home delivery for the new highly popular weight loss drugs is a noteworthy example of this trend.”

    He added, “Given a likely expansion of online care, it is critical that individuals inform their usual clinician and that we providers consistently ask our patients regarding their use. Similar to my routinely asking patients about which supplements, vitamins and over-the-counter medications they’re taking, it should become standard practice for me to inquire about prescriptions or diagnoses they’ve received online, as it might influence their care.”

    The poll was a nationally representative survey conducted by NORC at the University of Chicago for IHPI and administered online and via phone in July and August 2023 among 2,657 adults aged 50 to 80. In all, 168 respondents reported having used a DTC health care service. The sample was subsequently weighted to reflect the U.S. population. Read past National Poll on Healthy Aging reports and about the poll methodology.

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    Michigan Medicine – University of Michigan

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  • So Long, Apple and Tesla. We Built a Better Magnificent 7.

    So Long, Apple and Tesla. We Built a Better Magnificent 7.

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    In this article

    AMZN

    AAPL

    MSFT

    NVDA

    SPX

    The Magnificent Seven had an extraordinary year in 2023—one that will be very difficult to repeat. And there will be a new Magnificent Seven in 2024.

    Continue reading this article with a Barron’s subscription.

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  • Some mosquitoes like it hot

    Some mosquitoes like it hot

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    Newswise — Certain populations of mosquitoes are more heat tolerant and better equipped to survive heat waves than others, according to new research from Washington University in St. Louis.

    This is bad news in a world where vector-borne diseases are an increasingly global health concern. Most models that scientists use to estimate vector-borne disease risk currently assume that mosquito heat tolerances do not vary. As a result, these models may underestimate mosquitoes’ ability to spread diseases in a warming world.

    Researchers led by Katie M. Westby, a senior scientist at Tyson Research Center, Washington University’s environmental field station, conducted a new study that measured the critical thermal maximum (CTmax), an organism’s upper thermal tolerance limit, of eight populations of the globally invasive tiger mosquito, Aedes albopictus. The tiger mosquito is a known vector for many viruses including West Nile, chikungunya and dengue.

    “We found significant differences across populations for both adults and larvae, and these differences were more pronounced for adults,” Westby said. The new study is published Jan. 8 in Frontiers in Ecology and Evolution.

    Westby’s team sampled mosquitoes from eight different populations spanning four climate zones across the eastern United States, including mosquitoes from locations in New Orleans; St. Augustine, Fla.; Huntsville, Ala.; Stillwater, Okla.; St. Louis; Urbana, Ill.; College Park, Md.; and Allegheny County, Pa.

    The scientists collected eggs in the wild and raised larvae from the different geographic locations to adult stages in the lab, tending the mosquito populations separately as they continued to breed and grow. The scientists then used adults and larvae from subsequent generations of these captive-raised mosquitoes in trials to determine CTmax values, ramping up air and water temperatures at a rate of 1 degree Celsius per minute using established research protocols.

    The team then tested the relationship between climatic variables measured near each population source and the CTmax of adults and larvae. The scientists found significant differences among the mosquito populations.

    The differences did not appear to follow a simple latitudinal or temperature-dependent pattern, but there were some important trends. Mosquito populations from locations with higher precipitation had higher CTmax values. Overall, the results reveal that mean and maximum seasonal temperatures, relative humidity and annual precipitation may all be important climatic factors in determining CTmax.

    “Larvae had significantly higher thermal limits than adults, and this likely results from different selection pressures for terrestrial adults and aquatic larvae,” said Benjamin Orlinick, first author of the paper and a former undergraduate research fellow at Tyson Research Center. “It appears that adult Ae. albopictus are experiencing temperatures closer to their CTmax than larvae, possibly explaining why there are more differences among adult populations.”

    “The overall trend is for increased heat tolerance with increasing precipitation,” Westby said. “It could be that wetter climates allow mosquitoes to endure hotter temperatures due to decreases in desiccation, as humidity and temperature are known to interact and influence mosquito survival.”

    Little is known about how different vector populations, like those of this kind of mosquito, are adapted to their local climate, nor the potential for vectors to adapt to a rapidly changing climate. This study is one of the few to consider the upper limits of survivability in high temperatures — akin to heat waves — as opposed to the limits imposed by cold winters.

    “Standing genetic variation in heat tolerance is necessary for organisms to adapt to higher temperatures,” Westby said. “That’s why it was important for us to experimentally determine if this mosquito exhibits variation before we can begin to test how, or if, it will adapt to a warmer world.”

    Future research in the lab aims to determine the upper limits that mosquitoes will seek out hosts for blood meals in the field, where they spend the hottest parts of the day when temperatures get above those thresholds, and if they are already adapting to higher temperatures. “Determining this is key to understanding how climate change will impact disease transmission in the real world,” Westby said. “Mosquitoes in the wild experience fluctuating daily temperatures and humidity that we cannot fully replicate in the lab.”

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    Washington University in St. Louis

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  • Insurtech platform Onsurity plans to expand product offerings

    Insurtech platform Onsurity plans to expand product offerings

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    Employee healthcare and wellness platform Onsurity Technologies plans to introduce newer product lines and tap deeper into India’s small and medium-sized enterprises (SME) market, said Yogesh Agarwal, Founder and CEO, Onsurity Technologies.

    Onsurity plans to launch a liability product line comprising various insurance products, including Director and Officer indemnity, commercial general liability, and public liability insurance. “SMEs are increasingly seeking these insurances due to growing organisation, changes in taxation, and requirements for accessing capital. This demand in India’s SME sector is driving the need for digital insurance technology to meet these specific insurance needs,” Agarwal said.

    These products are essential for different businesses, including restaurants, to safeguard against potential lawsuits. They cover legal costs and are often mandatory for businesses to obtain certificates or registrations, he explains.

    The Insurtech start-up raised $24 million in Series B funding led by the World Bank’s International Finance Corporation last year. With the recent financing, Onsurity aims to tap into India’s 63 million businesses strong SME sector. Agarwal said, “The focus is on leveraging capital to develop technology that efficiently serves SMEs, aiming for value delivery without high operational costs. Investments will aid in enhancing the platform, enabling a broader reach.”

    Founded in February 2020, Onsurity is a Bengaluru-based employee healthcare benefits provider for India’s SMEs, start-ups, and enterprises. The company currently works with over 5,000 companies, including Jupiter Money, CleverTap, Porter, Zepto, Sobha Developers, DBS Bank, Pantaloons, and Sattva, among others.

    “We aim to increase the number of businesses on a platform from over 5,000 to over 50,000 over the next two years. Currently, the platform has one million customers and we aim to have 5 million customers,” Agarwal notes.

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  • Isomorphic inks deals with Eli Lilly and Novartis for drug discovery | TechCrunch

    Isomorphic inks deals with Eli Lilly and Novartis for drug discovery | TechCrunch

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    Isomorphic Labs, the London-based, drug discovery-focused spin-out of Google AI R&D division DeepMind, today announced that it’s entered into strategic partnerships with two pharmaceutical giants, Eli Lilly and Novartis, to apply AI to discover new medications to treat diseases.

    The deals have a combined value of around $3 billion. Isomorphic will receive $45 million upfront from Eli Lilly and potentially up to $1.7 billion based on performance milestones, excluding royalties. Novartis, meanwhile, will pay $37.5 million upfront in addition to funding “select” research costs and as much as $1.2 billion (once again excluding royalties) in performance-based incentives over time.

    “We’re thrilled to embark on this partnership and apply our proprietary technology platform,” DeepMind co-founder and Isomorphic CEO Demis Hassabis was quote as saying in a press release. “The focus we share on advancing groundbreaking drug design approaches and appreciation of state-of-the-art science makes [these] partnership[s] particularly compelling.”

    Fiona Marshall, president of biomedical research at Novartis, added in a statement: “Cutting-edge AI technologies … hold the potential to transform how we discover new drugs and accelerate our ability to deliver life-changing medicines for patients. This collaboration harnesses our companies’ unique strengths, from AI and data science to medicinal chemistry and deep disease area expertise, to realize new possibilities in AI-driven drug discovery.”

    Isomorphic, which Hassabis launched in 2021 under DeepMind parent company Alphabet, draws on DeepMind’s AlphaFold 2 AI technology that can be used to predict the structure of proteins in the human body. By uncovering these structures, the hope is that researchers can identify new target pathways to deliver drugs for fighting disease.

    The tech isn’t perfect. A recent article in the journal Nature pointed out that AlphaFold occasionally makes obvious mistakes and, in many cases, is more useful as a “hypothesis generator” rather than a replacement for experimental data. But the scale at which the model can generate reasonably accurate protein predictions is beyond most methods that came before.

    Researchers recently used AlphaFold to design and synthesize a potential drug to treat hepatocellular carcinoma, the most common type of primary liver cancer. And DeepMind is collaborating with Geneva-based Drugs for Neglected Diseases initiative, a nonprofit pharmaceutical organization, to apply AlphaFold to formulating therapeutics for Chagas disease and Leishmaniasis, two of the most deadly diseases in the developing world.

    The latest version of AlphaFold can generate predictions for nearly all molecules in the Protein Data Bank, the world’s largest open access database of biological molecules, DeepMind announced in October. The model can also accurately predict the structures of ligands — molecules that bind to “receptor” proteins and cause changes in how cells communicate — as well as nucleic acids (molecules that contain key genetic information) and post-translational modifications (chemical changes that occur after a protein’s created).

    Already, Isomorphic is applying the new AlphaFold model — which it co-designed with DeepMind — to therapeutic drug design, helping to characterize different types of molecular structures important for treating disease.

    The pressure’s on for Isomorphic to start generating a profit. In 2021, the company recorded a £2.4 million (~$3 million) loss as it ramped up hiring ahead of opening its second office location in Lausanne, Switzerland.

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    Kyle Wiggers

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  • Medical Properties Trust Stock Is Crashing

    Medical Properties Trust Stock Is Crashing

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    Shares of Medical Properties Trust plummeted after the real estate investment trust said it is ramping up efforts to recover uncollected rent and outstanding loans from its largest tenant.

    Continue reading this article with a Barron’s subscription.

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  • Weekly Recap | Cleveland Clinic Health Stories Available for Broadcast and Web

    Weekly Recap | Cleveland Clinic Health Stories Available for Broadcast and Web

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    BYLINE: Weekly Recap | Cleveland Clinic Health Stories Available for Broadcast and Web

    Weekly Recap of Health Stories from Cleveland Clinic:

    The stories below are available for broadcast and digital use. They include scripts, web copy, soundbites and b-roll.

    Download password is CLEclinic1921.

    Click here to view other recent CCNS stories available.

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    Cleveland Clinic

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  • Molecular Diagnostics Research That Could Transform Healthcare Featured in the January Issue of ADLM’s The Journal of Applied Laboratory Medicine

    Molecular Diagnostics Research That Could Transform Healthcare Featured in the January Issue of ADLM’s The Journal of Applied Laboratory Medicine

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    Newswise — WASHINGTON – Molecular diagnostics is a powerful branch of laboratory medicine that examines the fundamental genetic and biochemical components of life to provide invaluable insights into health and disease. This special issue of the Association for Diagnostics & Laboratory Medicine’s (formerly AACC’s) The Journal of Applied Laboratory Medicine highlights the latest research in this field that could advance care for conditions ranging from infectious diseases to inherited disorders. 

    View the full issue here: https://academic.oup.com/jalm/issue/9/1

    While laboratory medicine experts have used molecular diagnostic methods for years to diagnose and monitor disease, this field continues to evolve rapidly, and has become more relevant than ever in the face of modern healthcare challenges. The COVID-19 pandemic is the most striking recent example of the central role of molecular diagnostics in global health. PCR tests are a type of molecular diagnostic test and, as is well known, have been crucial to controlling the spread of SARS-CoV-2. And pandemic management isn’t the only area of infectious disease testing that molecular diagnostic technology is revolutionizing. Sequencing cell-free DNA in blood samples has the potential to improve infectious disease evaluation and treatment, and is explored in a study published in this special issue.

    Broadening access to personalized medicine is another goal of modern healthcare that wouldn’t be possible without molecular diagnostics. The ability of molecular diagnostics to help tailor treatment to each patient’s unique biological makeup is most evident in the field of pharmacogenomics. Lab experts use molecular diagnostic methods to identify genetic markers that affect drug metabolism and efficacy—information that providers then use in turn to prescribe medication that has the highest likelihood of benefiting patients. Technologies such as next-generation sequencing (NGS) have the potential to increase the availability of pharmacogenomic information, and a review in this special issue of The Journal of Applied Laboratory Medicine discusses how clinical laboratories can implement NGS for this purpose.

    One other compelling use for molecular diagnostics that is showcased in this special issue is genomic population screening, which has the potential to shift the healthcare paradigm from reactive to proactive. In many countries, programs are already being piloted at population scale that detect genetic diseases prior to symptom onset, thereby enabling preventive treatment. A review article in this special issue examines important practical considerations that must be taken into account as such programs expand, such as their economic benefit and the development of policies to guide them.

    “In the grand tapestry of modern healthcare and precision medicine, molecular diagnostics stands as a vibrant thread, woven with the promise of better patient outcomes, cost savings, and a deeper understanding of the molecular underpinnings of health and disease,” wrote issue editors and molecular diagnostic experts Drs. Nikoletta Sidiropoulos, Eric Vail, Erin H. Graf, Ann M. Moyer, Jillian G. Buchan, and Valentina Nardi in the preamble to the special issue. “It is our hope that the content of this issue will conjure professional reflection and spark collegial discussion in the community to embrace current practices and address and overcome current and future challenges so that the field may continue to improve human health and well-being.”

     

    About the Association for Diagnostics & Laboratory Medicine (ADLM)

    Dedicated to achieving better health through laboratory medicine, ADLM (formerly AACC) brings together more than 70,000 clinical laboratory professionals, physicians, research scientists, and business leaders from around the world focused on clinical chemistry, molecular diagnostics, mass spectrometry, translational medicine, lab management, and other areas of progressing laboratory science. Since 1948, ADLM has worked to advance the common interests of the field, providing programs that advance scientific collaboration, knowledge, expertise, and innovation. For more information, visit www.myadlm.org.

    The Journal of Applied Laboratory Medicine (academic.oup.com/jalm) is published online by ADLM. This international, peer-reviewed publication showcases applied research on clinically relevant laboratory topics as well as commentary on the practice of clinical chemistry and laboratory medicine. 

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    Association for Diagnostic and Laboratory Medicine (ADLM (formerly AACC))

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  • The Russell 2000 Index has soared, but you might be better off looking elsewhere for quality small-cap stocks

    The Russell 2000 Index has soared, but you might be better off looking elsewhere for quality small-cap stocks

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    The Russell 2000 Index soared 12% in December, which might reflect investors’ exuberance about the state of the U.S. economy — it appears the Federal Reserve has won its battle against inflation.

    But if you are looking to broaden your exposure to the stock market beyond the large-cap S&P 500
    SPX,
    buying shares of a fund that tracks the Russell 2000 Index
    RUT
    might not be the best way to do it. This is because the Russell 2000 isn’t selective — it is made up of the smallest 2,000 companies by market capitalization in the Russell 3000 Index
    RUA,
    which itself is designed to capture about 98% of the U.S. public equity market.

    A better choice might be the S&P Small Cap 600 Index
    SML
    because S&P Global requires companies to show four consecutive quarters of profitability to be initially included in the index, among other criteria.

    Below is a screen of analysts’ favorite stocks among the S&P Small Cap 600, along with another for the Russell 2000.

    Watch for a “head fake”

    Much of the small-cap buying in December might have resulted from covering of short positions by hedge-fund managers. This idea is backed by the timing of trading activity immediately following the Federal Open Market Committee’s announcement on Dec. 13 that it wouldn’t change its interest-rate policy, according to MacroTourist blogger Kevin Muir. The Fed’s economic projections released the same day also indicate three cuts to the federal-funds rate in 2024.

    Heading into the end of the year, a fund manager who had shorted small-caps, and then was surprised by the Fed’s interest-rate projections, might have scrambled to buy stocks it had shorted to close-out the positions and hopefully lock in gains, or limit losses.

    That buying activity and resulting pop in small-cap prices could set up a typical “head fake” for investors as the new year begins, according to Muir.

    The long-term case for quality

    Looking at data for companies’ most recently reported fiscal quarters, 58% of the Russell 2000 reported positive earnings per share, according to data provided by FactSet. In other words, hundreds of these companies were losing money. These might include promising companies facing “binary events,” such as make-or-break drug trials in the biotechnology industry.

    In comparison, 78% of companies among the S&P Small Cap 600 were profitable, and 93% of the S&P 500 were in the black.

    Here are long-term performance figures for exchange-traded funds that track all three indexes:

    ETF

    Ticker

    2023

    3 years

    5 years

    10 years

    15 years

    20 years

    iShares Russell 2000 ETF

    IWM 17%

    7%

    61%

    99%

    428%

    365%

    iShares Core S&P Small Cap ETF

    IJR 16%

    25%

    69%

    129%

    540%

    515%

    SPDR S&P 500 ETF Trust

    SPY 26%

    34%

    108%

    210%

    629%

    527%

    Source: FactSet

    An approach tracking the S&P Small Cap 600 has outperformed the Russell 2000 for all periods, with margins widening as you go further back.

    Brett Arends: You own the wrong small-cap fund. How to get into a better one.

    Looking ahead for quality… or not

    For the first screen, we began with the S&P Small Cap 600 and narrowed the list to 385 companies covered by at least five analysts polled by FactSet. Then we cut the list to 92 companies with “buy” or equivalent ratings among at least 75% of the covering analysts.

    Here are the 20 remaining stocks among the S&P Small Cap 600 with the highest 12-month upside potential indicated by analysts’ consensus price targets:

    Company

    Ticker

    Share “buy” ratings

    Dec. 29 price

    Consensus price target

    Implied 12-month upside potential

    Vir Biotechnology Inc.

    VIR,
    +4.47%
    88%

    $10.06

    $32.00

    218%

    Arcus Biosciences Inc.

    RCUS,
    +3.04%
    82%

    $19.10

    $41.00

    115%

    Xencor Inc.

    XNCR,
    +6.03%
    92%

    $21.23

    $39.83

    88%

    Dynavax Technologies Corp.

    DVAX,
    +2.86%
    100%

    $13.98

    $24.80

    77%

    ModivCare Inc.

    MODV,
    +0.95%
    100%

    $43.99

    $75.50

    72%

    Xperi Inc

    XPER,
    +1.81%
    80%

    $11.02

    $18.20

    65%

    Thryv Holdings Inc.

    THRY,
    100%

    $20.35

    $32.75

    61%

    Ligand Pharmaceuticals Inc.

    LGND,
    +1.25%
    100%

    $71.42

    $114.80

    61%

    Green Plains Inc.

    GPRE,
    -1.67%
    80%

    $25.22

    $40.30

    60%

    Patterson-UTI Energy Inc.

    PTEN,
    +0.28%
    75%

    $10.80

    $17.00

    57%

    Ironwood Pharmaceuticals Inc. Class A

    IRWD,
    +8.48%
    83%

    $11.44

    $17.83

    56%

    Catalyst Pharmaceuticals Inc.

    CPRX,
    +1.78%
    100%

    $16.81

    $26.20

    56%

    Payoneer Global Inc.

    PAYO,
    -3.45%
    100%

    $5.21

    $8.00

    54%

    Helix Energy Solutions Group Inc.

    HLX,
    -2.63%
    83%

    $10.28

    $15.00

    46%

    Arlo Technologies Inc.

    ARLO,
    -3.05%
    100%

    $9.52

    $13.80

    45%

    Pacira Biosciences Inc.

    PCRX,
    -5.16%
    100%

    $33.74

    $48.40

    43%

    Privia Health Group Inc.

    PRVA,
    +2.95%
    100%

    $23.03

    $32.53

    41%

    Semtech Corp.

    SMTC,
    -1.23%
    92%

    $21.91

    $30.90

    41%

    Talos Energy Inc.

    TALO,
    +1.19%
    78%

    $14.23

    $20.00

    41%

    Digi International Inc.

    DGII,
    -1.21%
    100%

    $26.00

    $36.14

    39%

    Source: FactSet

    Any stock screen should only be considered a starting point. You should do your own research to form your own opinion before making any investment. one way to begin is by clicking on the tickers for more about each company.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    Moving on to the Russell 2000, when we narrowed this group to stocks covered by at least five analysts polled by FactSet, we were left with 936 companies. Among these, 355 have “buy” or equivalent ratings among at least 75% of the covering analysts.

    Among those 355 stocks in the Russell 2000, these 20 have the highest implied upside over the next year, based on consensus price targets:

    Company

    Ticker

    Share “buy” ratings

    Dec. 29 price

    Consensus price target

    Implied 12-month upside potential

    Karyopharm Therapeutics Inc.

    KPTI,
    +4.18%
    75%

    $0.87

    $6.00

    594%

    Rallybio Corp.

    RLYB,
    +0.42%
    100%

    $2.39

    $16.50

    590%

    Vor Biopharma Inc.

    VOR,
    -0.89%
    100%

    $2.25

    $15.44

    586%

    Tenaya Therapeutics Inc.

    TNYA,
    -0.62%
    100%

    $3.24

    $19.14

    491%

    Compass Therapeutics Inc.

    CMPX,
    -5.13%
    86%

    $1.56

    $9.17

    488%

    Vigil Neuroscience Inc.

    VIGL,
    +2.66%
    88%

    $3.38

    $18.75

    455%

    Trevi Therapeutics Inc.

    TRVI,
    -2.99%
    100%

    $1.34

    $7.33

    447%

    Inozyme Pharma Inc.

    INZY,
    +1.64%
    100%

    $4.26

    $21.00

    393%

    Gritstone bio Inc.

    GRTS,
    +6.86%
    100%

    $2.04

    $10.00

    390%

    Actinium Pharmaceuticals Inc.

    ATNM,
    +4.72%
    83%

    $5.08

    $23.36

    360%

    Lineage Cell Therapeutics Inc.

    LCTX,
    86%

    $1.09

    $4.83

    343%

    Century Therapeutics Inc.

    IPSC,
    +9.64%
    86%

    $3.32

    $14.67

    342%

    Acrivon Therapeutics Inc.

    ACRV,
    +1.83%
    100%

    $4.92

    $21.13

    329%

    Avidity Biosciences Inc.

    RNA,
    +1.22%
    100%

    $9.05

    $37.50

    314%

    Longboard Pharmaceuticals Inc.

    LBPH,
    +316.25%
    100%

    $6.03

    $24.17

    301%

    Omega Therapeutics Inc.

    OMGA,
    -1.33%
    100%

    $3.01

    $12.00

    299%

    Allogene Therapeutics Inc.

    ALLO,
    +12.77%
    82%

    $3.21

    $12.79

    298%

    X4 Pharmaceuticals Inc.

    XFOR,
    +5.21%
    86%

    $0.84

    $3.26

    289%

    Caribou Biosciences Inc.

    CRBU,
    -2.79%
    89%

    $5.73

    $22.25

    288%

    Stoke Therapeutics Inc.

    STOK,
    +11.41%
    78%

    $5.26

    $19.33

    268%

    Source: FactSet

    That’s right — this Russell 2000 list is all biotech. And in case you are wondering if any companies are on both lists, the answer is no.

    Don’t miss: 11 dividend stocks with high yields expected to be well supported in 2024 per strict criteria

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  • Urology of Virginia Announces New Chief Executive Officer

    Urology of Virginia Announces New Chief Executive Officer

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    Newswise — VIRGINIA BEACH, Va.Jan. 1, 2024 /PRNewswire/ — Urology of Virginia announces that Dr. Joshua Langston has been elected Managing Partner and Chief Executive Officer, as of January 1, 2024. He will continue the legacy of excellent organizational guidance, innovation and service of his predecessor, Dr. Jennifer Miles-Thomas. Dr. Miles-Thomas commented on the transition, “Dr. Langston has a long history with our organization and is well-equipped to lead us into an even brighter future. I have complete confidence that under his guidance, we will continue to excel and make a positive impact on the lives of our patients. It has been an honor to serve as President and CEO, and I look forward to witnessing the continued growth and success of Urology of Virginia from a different vantage point.”

    Dr. Langston completed medical school at UT Southwestern Medical School in Dallas. He went on to residency training at the University of North Carolina-Chapel Hill and completed a fellowship in Andrology & Male Reconstructive Urology at the Institute of Urology in London, England. He serves as medical director of Men’s Health Virginia, a division of Urology of Virginia, where his team focuses on health needs of aging men. Dr. Langston has a strong interest in health policy and advocacy on behalf of patients, and currently serves as Chair of the Political Affairs Committee for the Large Urology Group Practice Association (LUGPA). He was previously selected as the American Urological Association (AUA) Holtgrewe Legislative Fellow, spending time away from his practice as a health policy legislative advisor in the U.S. Senate. He is Chair of the Health Policy Committee of the Mid-Atlantic AUA, serves on the Public Policy Council and Legislative Affairs Committees of the AUA, and the Board of Directors for the American Society for Men’s Health, amongst many other roles.

    Regarding his appointment, Dr Langston said: ‘It is truly an honor to be selected by my partners for this role. Urology of Virginia has a 100-year history of being a national leader in innovative, patient-centered care and research. I look forward to working together with my colleagues to cast a vision for growth and evolution in the face of a changing national healthcare paradigm that will allow us to continue to serve our community for another 100 years.”

    About Urology of Virginia

    Urology of Virginia (UVA) has a 100+-year history of providing comprehensive and quality care to the entire Hampton Roads region, including northeastern North Carolina.

    The clinical care team consists of over 30 board certified Urologists, most of whom are fellowship trained, nationally recognized, awarded and published. More importantly, they provide superior care and individualized attention to their patients. Included in the team of urologists – with subspecialties such as oncology, urologic reconstruction, stone disease, and andrology – are a specialty trained GU Pathologist, Physician Assistants, Nurse Practitioners, RN’s, x-ray and ultrasound technicians, and a vast array of other health care professionals. Our providers also comprise the Department of Urology at Eastern Virginia Medical School, training the next generation of urologists. The Urology of Virginia Research Division maintains participation in cutting edges trials, and has been responsible for many landmark studies over the years. The Schellhammer Urological Research Foundation (SURF), the organization’s charitable arm, provides funding for research and community care.

    To learn more about Urology of Virginia and its service offerings, please visit urologyofva.net.

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  • These 20 stocks soared the most in 2023

    These 20 stocks soared the most in 2023

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    (Updated with Friday’s closing prices.)

    The 2023 rally for stocks in the U.S. accelerated as more investors bought the idea that the Federal Reserve succeeded in its effort to bring inflation to heel.

    The S&P 500
    SPX
    ended Friday with a 24.2% gain for 2023, following a 19.4% decline in 2022. (All price changes in this article exclude dividends). Among the 500 stocks, 65% were up for 2023. Below is a list of the year’s 20 best performers in the benchmark index.

    This article focuses on large-cap stocks. MarketWatch Editor in Chief Mark DeCambre took a broader look at all U.S. stocks of companies with market capitalizations of at least $1 billion, to list 10 with gains ranging from 412% to 1,924%.

    The Fed began raising short-term interest rates and pushing long-term rates higher in March 2022 by allowing its bond portfolio to run off. That explains the poor performance for stocks in 2022, as bonds and even bank accounts because more attractive to investors.

    The central bank hasn’t raised the federal-funds rate since moving it to the current target range of 5.25% to 5.50% in July, and its economic projections point to three rate cuts in 2024.

    Investors are anticipating the return to a low-rate environment by scooping up 10-year U.S. Treasury notes
    BX:TMUBMUSD10Y,
    whose yield ended the year at 3.88%, down from 4.84% on Oct. 27 — the day of the S&P 500’s low for the second half of 2023.

    Read: Treasury yields end mostly higher but little changed on year after wild 2023

    Before looking at the list of best-performing stocks of 2023, here’s a summary of how the 11 sectors of the S&P 500 performed, with the full index and three more broad indexes at the bottom:

    Sector or index

    2023 price change

    2022 price change

    Price change since end of 2021

    Forward P/E

    Forward P/E at end of 2022

    Forward P/E at end of 2023

    Information Technology

    56.4%

    -28.9%

    11.5%

    26.7

    20.0

    28.2

    Communication Services

    54.4%

    -40.4%

    -7.6%

    17.4

    14.3

    21.0

    Consumer Discretionary

    41.0%

    -37.6%

    -11.4%

    26.2

    21.7

    34.7

    Industrials

    16.0%

    -7.1%

    8.0%

    20.0

    18.7

    22.0

    Materials

    10.2%

    -14.1%

    -4.9%

    19.5

    15.8

    16.6

    Financials

    9.9%

    -12.4%

    -3.4%

    14.6

    13.0

    16.3

    Real Estate

    8.3%

    -28.4%

    -21.6%

    18.3

    16.9

    24.7

    Healthcare

    0.3%

    -3.6%

    -3.3%

    18.2

    17.7

    17.3

    Consumer Staples

    -2.2%

    -3.2%

    -5.4%

    19.3

    20.6

    21.4

    Energy

    -4.8%

    59.0%

    51.8%

    10.9

    9.8

    11.1

    Utilities

    -10.2%

    -1.4%

    -11.4%

    15.9

    18.7

    20.4

    S&P 500
    SPX
    24.2%

    -19.4%

    0.4%

    19.7

    16.8

    21.6

    Dow Jones Industrial Average
    DJIA
    13.7%

    -8.8%

    3.8%

    17.6

    16.6

    18.9

    Nasdaq Composite
    COMP
    43.4%

    -33.1%

    -3.5%

    26.9

    22.6

    32.0

    Nasdaq-100
    NDX
    53.8%

    -33.0%

    3.5%

    26.3

    20.9

    30.3

    Source: FactSet

    A look at 2023 price action really needs to encompass what took place in 2022 for context. The broad indexes haven’t moved much from their levels at the end of 2022 (again, excluding dividends). We have included current forward price-to-earnings ratios along with those at the end of 2021 and 2022. These valuations have declined a bit, which may provide some comfort for investors wondering how likely it is for stocks to continue to rally in 2024.

    Biggest price increases among the S&P 500

    Here are the 20 stocks in the S&P 500 whose prices rose the most in 2023:

    Company

    Ticker

    2023 price change

    2022 price change

    Price change since end of 2021

    Forward P/E

    Forward P/E at end of 2022

    Forward P/E at end of 2021

    Nvidia Corp.

    NVDA,
    239%

    -50%

    68%

    24.9

    34.4

    58.0

    Meta Platforms Inc. Class A

    META,
    -1.22%
    194%

    -64%

    5%

    20.2

    14.7

    23.5

    Royal Caribbean Group

    RCL,
    -0.37%
    162%

    -36%

    68%

    14.3

    14.9

    232.4

    Builders FirstSource Inc.

    BLDR,
    -1.02%
    157%

    -24%

    95%

    14.2

    10.7

    13.3

    Uber Technologies Inc.

    UBER,
    -2.49%
    149%

    -41%

    47%

    56.9

    N/A

    N/A

    Carnival Corp.

    CCL,
    -0.70%
    130%

    -60%

    -8%

    18.7

    41.3

    N/A

    Advanced Micro Devices Inc.

    AMD,
    -0.91%
    128%

    -55%

    2%

    39.7

    17.7

    43.1

    PulteGroup Inc.

    PHM,
    -0.26%
    127%

    -20%

    81%

    9.1

    6.3

    6.2

    Palo Alto Networks Inc.

    PANW,
    -0.24%
    111%

    -25%

    59%

    50.2

    38.0

    70.1

    Tesla Inc.

    TSLA,
    -1.86%
    102%

    -65%

    -29%

    66.2

    22.3

    120.3

    Broadcom Inc.

    AVGO,
    -0.55%
    100%

    -16%

    68%

    23.2

    13.6

    19.8

    Salesforce Inc.

    CRM,
    -0.92%
    98%

    -48%

    4%

    28.0

    23.8

    53.5

    Fair Isaac Corp.

    FICO,
    -0.46%
    94%

    38%

    168%

    47.1

    29.3

    28.7

    Arista Networks Inc.

    ANET,
    -0.62%
    94%

    -16%

    64%

    32.7

    22.3

    41.4

    Intel Corp.

    INTC,
    -0.28%
    90%

    -49%

    -2%

    26.6

    14.6

    13.9

    Jabil Inc.

    JBL,
    -0.45%
    87%

    -3%

    81%

    13.5

    7.9

    10.3

    Lam Research Corp.

    LRCX,
    -0.81%
    86%

    -42%

    9%

    25.2

    13.5

    20.2

    ServiceNow Inc.

    NOW,
    +0.57%
    82%

    -40%

    9%

    56.0

    42.6

    90.1

    Amazon.com Inc.

    AMZN,
    -0.94%
    81%

    -50%

    -9%

    42.0

    46.7

    64.9

    Monolithic Power Systems Inc.

    MPWR,
    -0.23%
    78%

    -28%

    28%

    49.1

    27.3

    57.9

    Source: FactSet

    Click on the tickers for more about each company.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    Don’t miss: Nvidia tops list of Wall Street’s 20 favorite stocks for 2024

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  • Delaware Lawmaker Pursues Wider Access to Medical Marijuana | Latest News – Medical Marijuana Program Connection

    Delaware Lawmaker Pursues Wider Access to Medical Marijuana | Latest News – Medical Marijuana Program Connection

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    Delaware’s recreational cannabis market is still in its infancy, but one lawmaker wants to make sure those who need weed for medical reasons can get it. 

    Marijuana has been legal in the First State since April 2023, but Delaware dispensaries still cannot sell to anyone without a medical card. 

    House Bill 285, sponsored by Rep. Ed Osienski (D-Dist. 24), looks to expand access to those medical cards. 

    The bill would remove regulations that require people to have a debilitating illness in order to qualify for a registry identification card and would allow out-of-state card holders to use them here. 

    Still, some believe the federal government should have a say in all this first. 

    “I think until they change the federal law you are going to have an issue with marijuana no matter what,” Ray Antal shared. 

    If the bill is signed into law, health-care providers would make the determination of whether a patient has a diagnosed medical condition for which the patient would receive therapeutic or palliative benefit from the use of medical marijuana. 

    Supporters, like Marcus Hook of Dover, think this would stop people from buying illegally. 

    “You wouldn’t have the guys on the street corners doing the same thing where the price is almost the same and people could get the real stuff from the dispensary and it would be totally legit,” he said. 

    Others like…

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