July 31st, 2014
The layoffs announced this week by Amgen is being viewed by analysts following the pharmaceutical industry as a step toward preparing the company for a future where it’s popular arthritis drug Enbrel won’t be the profit driver it has been.
Despite a strong second quarter that exceeded analysts’ estimates by 30 cents a share, Amgen said it would be laying off up to 2,900 workers of its 20,000 employees, mostly in Colorado and Washington where two manufacturing plants will be shuttered. It’s the first step in a broader consolidation plan described as”Reallocating Resources to Drive Growth.” Read the rest of this entry »
July 29th, 2014
Virtual reality, once the domain of goggle-wearing teenage video game warriors, is fast becoming a tool of physical therapists, who, appropriately enough, are using it in the rehabilitation of injured military veterans. With the help of CAREN (Computer-Assisted Rehab Environment), a simulator the size of a room, physical therapists are teaching wounded service members including amputees how to cope with their disability. In other cases, they are aiding their rehabilitation to return them to work, using simulations that are near real-world. Three military centers — San Antonio’s Broke Army Medical Center, Walter Reed Medical Center in Bethesda, Md., and the Naval Health Research Center in San Diego — are using the simulators and finding them able to mimic countless different environments and terrains. CAREN is not just for the military, though that’s where the pricey equipment first was used. Now the systems are finding their way into the civilian market. Advance Healthcare Network
July 27th, 2014
“Humans’ listening skills are poor on average. We retain less than half of what we hear, and evidence shows that these skills are getting worse,” says The Wall Street Journal.
In truth, our listening skills have never been especially great. A 1983 study found that on average, viewers who just watched and listened to the evening news could only recall 17.2% of the content when not cued, and the cued group never exceeded 25%. A study a few years later found participants could recall only about 10% of their conversations immediately after they took place. Read the rest of this entry »
July 24th, 2014
The Securities and Exchange Commission voted 3 to 2 Wednesday to adopt new rules for the $2.6 trillion money market industry. The rules “will reduce the risk of runs in money market funds and provide important new tools that will help further protect investors and the financial system,” Mary Jo White, SEC chairwoman, said in a statement. Among the new rules: money market funds will now have to report a floating asset value rather than the $1 a share price that helped lull many investors into believing their capital was safe, even if the returns evaporated. This misconception contributed to the 2008 financial collapse when one of the bigger funds, managed by the now defunct Lehman Brothers, reported a per share price under that $1. The New York Times
July 23rd, 2014
Flipping on its head the usual testing process, Kindred Biosciences, a Burlingame,Calif. company, is seeking FDA approval to use drugs already tested on humans to treat illnesses in animals.
“We won’t test anything on our companion animals that hasn’t already been tested in humans,” says Denise Bevers, co-founder and chief operating officer. The company intends to file for approval for its three pet drugs by the end of the year.
Kindred’s unique business model is to find human generics, formulate them for animals, then conduct animal testing. Instead of the $500 million or more to win approval for a new human drug, Kindred spends $5 million or so to develop the animal equivalent. Read the rest of this entry »
July 22nd, 2014
Twitter is no longer an overlooked resource for administrative office professionals.
With 255 million active registered users and half a billion daily Tweets, following specific users or hashtags (using a third party tool) has become a convenient and automatic way for people to stay on top of what they care about. Office professionals are no exception. Thousands already follow sites like @OfficeDyamics or @JuliePerrine. Read the rest of this entry »
July 21st, 2014
IT jobs continue to increase, outpacing the national jobs growth and at a rate faster than nearly all other sectors. TechServe Alliance, the national trade association of the IT and engineering staffing industry, reports IT employment has grown 3.2% from June 2013 to June 2014, adding 144,200 workers. The Alliance says there were 4,664,800 IT jobs as of last month. Read the rest of this entry »
July 18th, 2014
New research suggests that CEOs are making the majority of the critical decisions concerning data center investments.
Where previously this role was the exclusive domain of CIOs, Forrester Research found it has been, if not usurped, then seriously limited as CEO’s have begun to exercise greater control over these critical decisions. Read the rest of this entry »
July 16th, 2014
Tech professionals working in healthcare not only face all the same challenges their brethren in other industries do, but they also must cope with a dizzying variety of regulations and rules from federal and state agencies, as well as complying with internal policies and providing for the needs of insurance companies.
And then, of course, there are the medical devices controlled by sophisticated programs, and the doctors, nurses, lab technicians and others who depend on speedy and accurate access to medical records. Read the rest of this entry »
July 15th, 2014
Would you believe the hottest job in the legal profession in New York City is not lawyer, but paralegal? So says the New York Daily News, drawing on data provided by the job distribution and search service, ZipRecruiter.com
In fact, paralegals are so much in demand in the city, the legal hub of the U.S., that the job came out on top in ZipRecruiter’s review of the job titles that grew the fastest compared to a year ago. Read the rest of this entry »