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Health

Providing perspective and contextual insights on the monetary aspects of the Healthcare market within the state of Utah, from medical providers to insurance and from nutraceuticals to medical devices.

25 June to 1 July 2023: Utah's Top Five Money Stories of Last Week, Plus Nine Other Items You Might Have Missed

25 June to 1 July 2023: Utah's Top Five Money Stories of Last Week, Plus Nine Other Items You Might Have Missed

Last week's lead stories at Utah Money Watch were about Clene, Overstock, Ovation, Qualtrics, and RevRoad. Additionally, we now share quick news updates from last week about eight other Utah-based firms (or people), specifically: Allison Braver (former Olympic speedskater), BYU Law School, EnergySolutions, INW, Lumio, Owlet, Recursion, World

Clene Closes a $40 Million Public Offering to Further Fund its Efforts Targeting Several Neurodegenerative Diseases

Clene Closes a $40 Million Public Offering to Further Fund its Efforts Targeting Several Neurodegenerative Diseases

Clene sold 50 million shares of stock, each coupled with two warrants, at a total price of $0.80 per unit. Canacord Genuity served as sole bookrunner on the offering, and after expenses, Clene will receive ~$37.4 million in net proceeds. Salt Lake City-based Clene (NASDAQ:CLNN) closed a

The FDA Grants Owlet Marketing Clearance for its BabySat Monitoring Solution

The FDA Grants Owlet Marketing Clearance for its BabySat Monitoring Solution

Limited to physician-issued prescriptions, the BabySat is Owlet's first FDA-Cleared product; additional details will be released by the company at a later date, with sales expected to begin before 2024. As expected by this author, Lehi, Utah-based Owlet (NYSE:OWLT) has received notice from the U.S. Food

With a $75 Million Donation in Hand, Huntsman Cancer Institute Announces Plans for a 2nd HQ in Vineyard, Utah

With a $75 Million Donation in Hand, Huntsman Cancer Institute Announces Plans for a 2nd HQ in Vineyard, Utah

The Huntsman Cancer Institute has received a $75 million donation dedicated to creating a second headquarters, and related facilities, in Vineyard, Utah. According to the Institute's news release, the $75 million gift was made by the Huntsman Foundation and is "... the largest single gift by the Jon

Myriad Genetics Sees 10% Revenue Growth in Q1 2023

Myriad Genetics Sees 10% Revenue Growth in Q1 2023

The company reaffirms its profitability projection for Q4 2023 Myriad Genetics (NASDAQ:MYGN) produced $181.2 million in revenue for its first quarter, ended 31 March 2023, growth of 10% versus revenue of $164.6 million in the same quarter in 2022. According to the company news release, revenue for

Disadvantaged Communities Near Spanish Fork and Cedar City Will Receive $62 Million in New Federal Funding for Clean Water

Disadvantaged Communities Near Spanish Fork and Cedar City Will Receive $62 Million in New Federal Funding for Clean Water

Essential infrastructure upgrades to ensure the availability of clean drinking water are coming to portions of underprivileged Utah currently served by private utility companies The United States Environmental Protection Agency (EPA) announced Tuesday that over $62 million has been allocated to the state of Utah to upgrade subpar water infrastructure