Category Archives: News

Nonprofit hospitals’ liquidity supports the ability to repay CARES Act loans, says Fitch

Repayment of loans provided under the Coronavirus Aid, Relief and Economic Security Act through the Centers for Medicare and Medicaid Services, is expected to begin soon. This has been a source of stress for some hospitals, but for nonprofits, there’s good news: This won’t materially affect their financial profiles, according to Fitch Ratings. Providers’ ratings… Read More »

This Biotech Startup Just Raised $47 Million To Make Drugs From Fungi

Fungi in the lab Hexagon Bio In 1928, a Scottish researcher by the name of Alexander Fleming came back from vacation to discover that he’d accidentally grown a species of fungi called Penicillium on a petri dish containing bacteria. The fungi, to Fleming’s surprise, appeared to be keeping the growth of that bacteria at bay.… Read More »