Industry News Update 5/20/22

    May 2022 | Mike Murphy, Director of Business and Industry Analytics

    Industry Trends

    This week's highlights: The CDC estimated that more than 107,000 Americans died of drug overdoses last year & The Food and Drug Administration authorized the first non-prescription COVID-19 test that can also detect the flu and RSV, the agency announced.


    Regulatory, Legislative, and Legal News

    • Face masks will not have to be worn in airports or on flights in Europe beginning next week, the European Union Aviation Safety Agency (EASA) and European Center for Disease Prevention and Control (ECDC) announced Wednesday.
    • The CDC estimated that more than 107,000 Americans died of drug overdoses last year, setting another tragic record in the nation’s escalating overdose epidemic.
    • New FDA user fee legislation contains medical device security provisions that aim to quell cybersecurity concerns at the premarket stage, requiring manufacturers to meet certain medical device security requirements as part of their premarket submission.
    • The Food and Drug Administration authorized the first non-prescription COVID-19 test that can also detect the flu and RSV, the agency announced. The test is made and processed by Labcorp.

    Financial and Investment News

    • Health IT vendor Office Ally acquires RCM and HIM vendor Bluemark for an undisclosed sum.
    • PatientIQ landed $20 million in funding from Health Enterprise Partners and August Capital and intends to use the money to grow its patient outcomes platform and expand into the “provider and real-world evidence markets,” according to a company news release.
    • Elon Musk announced that he's putting his $44 billion takeover of Twitter "temporarily on hold," saying that he wants more details about how many of the social platform's accounts are bogus or spam.

    New Products and Services

    • Google has previewed a yet-unnamed pair of standard-looking glasses that display translations of conversations in real time.  The new augmented-reality glasses was just one of several longer-term products Google unveiled at its annual Google I/O developer conference
    • Google is making it easy to catch up on long documents with a new auto summarization feature, which will soon be available on Google Docs and will eventually make its way to Google Spaces and Chats.

    Privacy and Security

    • Google announced the release of a Chrome browser update that resolves a total of 13 vulnerabilities, including nine that were reported by external researchers.
    • Hundreds of thousands of Konica printers are vulnerable to hacking via ​​physical access, according to cybersecurity consulting firm SEC Consult.
    • HP announced the release of patches for two high-severity vulnerabilities that impact the UEFI firmware of more than 200 laptops, workstations, and other products.
    • Researchers from a university in Germany have analyzed the low-power mode (LPM) implementation on iPhones and found that it introduces potentially serious security risks, even allowing attackers to run malware on powered-off devices.

    Other News

    • Moderna's newly hired CFO departed within a day of taking the role, the pharmaceutical company announced to investors this week, after his former employer, Dentsply Sirona, disclosed it was launching an internal probe into financial reporting.
    • The American Nurses Association released an updated "Nurses Bill of Rights" during National Nurses Week, aimed at affirming the role nurses play in the healthcare profession amidst an increasingly complex care landscape.

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