Category Archives: News

Proteus Digital Health, once valued at $1.5 billion, files for Chapter 11 bankruptcy

Proteus Digital Health CEO Andrew Thompson Qin Chen | CNBC Proteus Digital Health has filed for Chapter 11 bankruptcy protection, according to a filing late Monday.  The Silicon Valley company develops ingestible sensors that communicate when medicines are taken, plus a wearable patch that monitors the response. At one point, the “smart pill” maker was… Read More »

FDA pulls emergency use authorization for hydroxychloroquine, the drug touted by Trump as COVID-19 remedy

The Food and Drug Administration has rescinded authorizations for hydroxychloroquine and chloroquine, promoted by President Trump as coronavirus treatments, as evidence begins to show the drugs may be harmful. “We now believe that the suggested dosing regimens for [ hydroxychloroquine and chloroquine] as detailed in the Fact Sheets are unlikely to produce an antiviral effect,”… Read More »