Laxai Pharma, Ltd. today announced that it has completed its first acquisition in the clinical research services space by purchasing all of the assets of OSR Solutions, Inc., a New Jersey based contract research organization, for $3.6 million consisting of the following: $1.5mm in cash, $0.75mm in notes, $0.60mm in assumed liabilities, and 5.6mm common shares of Laxai Pharma, Ltd. -- about 10% of the issued and outstanding common shares at closing. The acquisition was financed by a combination of debt and equity.

Scientists have developed a new kind of tiny motor - which they term a "microrocket" - that can propel itself through acidic environments, such as the human stomach, without any external energy source, opening the way to a variety of medical and industrial applications.

Conferees negotiating the legislative package to extend the payroll tax break and to prevent a scheduled Medicare physician pay cut increased their focus on the physician payment piece of the puzzle. Meanwhile, the House Ways and Means Committee held a hearing exploring private sector ideas for creating a new physician ...

Imagine a device combining sensors to measure physiological changes. Then imagine a smartphone with software applications designed to respond to your bodily changes in an attempt to change your behavior. That is the vision behind "iHeal," currently being developed- by Edward Boyer from the University of Massachusetts Medical School in ...

Patients who have had total joint replacement (TJR) are expected to return to their physician's office or clinic regularly for routine follow-up care. In a new study presented today at the 2012 Annual Meeting of the American Academy of Orthopaedic Surgeons (AAOS), researchers asked 210 TKR patients to either complete ...

This Kaiser Health News video details criticisms offered by former Sen. Rick Santorum after he won Republican presidential nominating contests in Missouri, Minnesota and Colorado.

Gene therapy for congenital blindness has taken another step forward, as researchers further improved vision in three adult patients previously treated in one eye.

A federal appeals court ruled Tuesday that seniors who receive Social Security cannot reject their legal right to Medicare benefits, in a rare case of Americans suing to get out of a government entitlement. Former House Majority Leader Dick Armey is among the five senior citizens who sued to stop ...