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Scripps hopes for royalty windfall from potential blockbuster drug

If the new drug Ozanimod achieves blockbuster status, it could generate tens of millions of dollars a year in royalties for the Scripps Research Institute.  Ozanimod, a drug that slows brain atrophy in patients with multiple sclerosis, was discovered at Scripps and is expected to be marketed by Celgene (Nasdaq: CELG) to MS patients in late 2018.

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FIRST-OF-ITS-KIND BIOENGINEERED ROBOTIC HAND TO SENSE TOUCH

The sense of touch is often taken for granted. For someone without a limb or hand, losing that sense of touch can be devastating. While highly sophisticated prostheses with complex moving fingers and joints are available to mimic almost every hand motion, they remain frustratingly difficult and unnatural for the user. This is largely because they lack the tactile experience that guides every movement. This void in sensation results in limited use or abandonment of these very expensive artificial devices. So why not make a prosthesis that can actually “feel” its environment?

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AltemiaTM Achieves Successful Clinical Results in Pediatric Patients with Sickle Cell Disease (SCD)

SCIlogoRIVIERA BEACH, Fla.–Sancilio Pharmaceuticals Company, Inc. (SPCI) today announced positive top line results from a clinical study evaluating the efficacy and safety of AltemiaTM, an oral soft gelatin dosage form, in pediatric sickle cell patients aged 5-17 years (https://clinicaltrials.gov/ct2/show/NCT02973360).

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PALM BEACH COUNTY UNEMPLOYMENT RATE DROPS TO DECADE LOW OF 3.6 PERCENT

Reports released today from CareerSource Palm Beach County and the Florida Department of Economic Opportunity show Palm Beach County’s unemployment rate for September 2017 dropped to the lowest level in a decade. The county’s 3.6 percent rate also dropped 1.6 percentage points below the year ago rate of 5.2 percent and the 4.4 percent rate for August. Florida’s unemployment rate matched Palm Beach County, down from 5.1 percent last year, and the national rate is 4.1 percent, all numbers not seasonally adjusted.

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