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Ligand Pharma taking antibody biz public with SPAC

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StartUPDATES: New developments from healthcare startups

By Stephanie Baum Friday, March 25, 2022 7:51 AM

Check out news from Equiva, Healthmine, Recora, and Antidote Health.

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Podimetrics snags $45M to grow its diabetic foot health business, prevent amputations

By Michael Schroeder Thursday, March 24, 2022 6:39 PM

The company is using the funding to grow its product development and research teams, and expand the clinical services offered by its nurse support team. The Series C round was led by D1 Capital Partners and two new investors: the Medtech Convergence Fund and an undisclosed strategic investor.

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Ligand Pharma turns to a SPAC to take antibody biz public, raise up to $266M

By Frank Vinluan Thursday, March 24, 2022 6:12 PM

OmniAb, the antibody division of Ligand Pharmaceuticals, is set to go public through a SPAC merger that will infuse the business with up to $266 million. The deal comes as traditional IPOs have mostly ground to a halt due to uncertain market conditions, but Ligand is making a longer-term bet on growing demand for antibody drug discovery services.

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Exploring the next chapter of interoperability [Sponsored]

By Stephanie Baum Thursday, March 24, 2022 2:55 PM

A webinar, sponsored by Surescripts on April 28, will include: Surescripts CEO Tom Skelton, Epic CEO Judy Faulkner, Healthcare Leadership Council President Mary Grealy, McKesson Prescription Technology Solutions President Nathan Mott, and UC San Francisco Assistant Professor of Medicine A. Jay Holmgren. Register today!

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Celsius Therapeutics heats up with $83M and an IBD drug on path to the clinic

By Frank Vinluan Thursday, March 24, 2022 2:00 PM

Single-cell analysis biotech Celsius Therapeutics has raised $83 million to advance its pipeline of drugs for autoimmune disorders and cancer. The startup's lead autoimmune program, a TREM1-blocking antibody for inflammatory bowel disease, is expected to begin human testing in early 2023.

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How providers can win the tug-of-war with payers over denials

By Geoff New Thursday, March 24, 2022 11:15 AM

In this complex and rapidly changing claims denial environment, providers must take a proactive approach to stay ahead of the game. Here's what providers can do to successfully navigate the audit landscape.

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Supreme Court rejects Epic's request to reinstate $420M payout from Tata instead of $280M

By Emma Bardin Thursday, March 24, 2022 11:12 AM

EHR powerhouse Epic Systems sued Tata Consultancy Services in 2014 for stealing trade secrets and the court awarded Epic $940 million, which was reduced to $420 million in 2017 and again to $280 million in 2020. The Supreme Court this week rejected Epic's request to raise the amount back up to $420 million.

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