biotech News

Biogen Agrees to Pay $900M to Resolve Kickback Claims

A Biogen Inc. whistle-blower will collect almost $250 million for bringing to light a kickback scheme the company agreed to resolve by paying the US and state governments $900 million. The settlement resolves a lawsuit filed by former Biogen employee …

EU Seeks Review of GMO Rules for Gene-Edited Crops

BRUSSELS — The European Commission launched a review of EU rules on genetically modified organisms (GMOs) on Thursday, opening the door to a possible loosening of restrictions for plants resulting from gene-editing technology. Prompted by a 2018 ruling from the …

COVID-Sniffing Robots Promise Fast Testing Alternative

A biotechnology startup called Koniku is trying to develop robots that could sniff out Covid-19 infections faster than conventional testing. The technology fuses neurons with a silicon chip to create a “smell cyborg” capable of detecting scents ranging from explosives …

U.S. Completes Overhaul of Biotech Farm Product Regulations

The U.S. Department of Agriculture announced on Thursday a rule that will simplify or waive agency reviews of certain biotech farm products, including plants and seeds that have been genetically modified or engineered. As a result, some products could be …

Court Ruling Against ‘Law of Nature’ Patent Riles Biotech

A way to diagnose a severe neurological disorder can’t be patented as it covers a law of nature, a U.S. appeals court ruled Wednesday in a closely watched case that sought to clarify the patenting for medical diagnostic tests and …

ACE Launches Enhanced Clinical Trials Liability Cover for UK Companies

ACE Group has launched an enhanced clinical trials liability proposition for UK companies, which provides life science companies with specialist insurance for clinical trials programs conducted anywhere in the world. With the need for clinical trials to be initiated and …

ACE Expands Life Sciences Coverage through Wholesale Division

ACE Group has expanded its suite of products developed to address the needs of U.S.-based life sciences companies through its wholesale-focused business, ACE Westchester Professional Risk. The ACE Westchester Professional Risk Life Sciences policy addresses the exposures faced by life …

ACE Enhances Life Sciences Coverage Offerings

The ACE Medical Risk Group has enhanced its life sciences capabilities to include a commercial package offering comprised of general liability, inland marine, crime, umbrella liability and business automobile coverages to help address the needs of life sciences companies. The …