GenapSys Names Jason Myers CEO

first_img Pinterest Twitter Pinterest WhatsApp TAGS  Facebook By Digital AIM Web Support – February 4, 2021 REDWOOD CITY, Calif.–(BUSINESS WIRE)–Feb 4, 2021– GenapSys Inc. (GenapSys), the company behind the world’s first highly accurate, affordable, and accessible gene sequencer, today announced it has named Jason Myers as its Chief Executive Officer, effective February 15, 2021. He will also join the GenapSys Board of Directors. Myers will succeed Dr. Hesaam Esfandyarpour, founder and CEO of GenapSys since 2010, who will remain as Chairman. As a strong leader in the biotech industry with a demonstrated track record of scaling businesses and bringing innovative technologies to market, Myers will help GenapSys continue to innovate and expand the reach of its industry-leading solutions. Myers currently serves as a member of the management team and a Director at Invitae, where he leads oncology strategy development. He joined Invitae in 2020 upon the acquisition of ArcherDX, a company he founded and led as President and Chief Executive Officer. Myers is trained as a biochemist with a wealth of experience in genomics and product development. Prior to founding ArcherDX, Myers led cross-functional platform and sequencing application development for Ion TorrentTM, which was acquired by Life Technologies in 2010. In addition, Myers discovered and successfully licensed a novel loss-of-function RNAI screening product to several leading life science tools companies. Myers received his Ph.D. in Molecular Pharmacology from Stanford University School of Medicine and a Bachelor of Science from Colorado State University. Dr. Esfandyarpour is the inventor of electronic DNA sequencing, a technology he developed during his Ph.D. work at Stanford University. He has dedicated the past decade to the development of this novel and higher-efficiency DNA sequencing technology, which at its core represents the convergence of multiple fields of science, engineering, chemistry, biology, and computing. Instead of the optical-based technologies traditionally used in the industry, the GenapSys system centers around a pure electronic chip, enabling a simple, elegant, accurate, and low-cost solution. “I’m thrilled to be joining GenapSys at this moment when the importance of innovative healthcare technology has never been clearer. Hesaam and the team have developed a pioneering sequencer that delivers highly accurate results at a fraction of the cost of other solutions. I’m excited to help further scale and commercialize this technology so that we can deliver the power of sequencing to new communities and industries,” said Myers. “I am pleased to welcome Jason to the GenapSys team and look forward to partnering with him in this next chapter of our growth. With world-class management and best-in-class technology, I’m confident we will continue to capture the huge opportunities ahead and revolutionize healthcare diagnostics, pharmaceutical discovery, personalized medicine, food testing, forensics, agriculture, biology, and more,” said Esfandyarpour. About GenapSys Inc. GenapSys is the company behind the world’s first highly accurate direct electronic sequencing technology. Its system leverages a proprietary electrical microfluidic sequencing chip with a scalable number of detectors, allowing for applications ranging from targeted sequencing of specific amplicons to genome-scale sequencing data collection. The proprietary semiconductor chip-based detection modality allows the system to be compact, scalable, and affordable, empowering the democratization of access to Next-Generation Sequencing. Founded by Dr. Hesaam Esfandyarpour, GenapSys’ novel sequencing method is revolutionizing genomics discovery, biomedical research, healthcare, diagnostics, agriculture, and a variety of other fields. GenapSys is headquartered in Redwood City, CA. For more information, visit GenapSys.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210204005411/en/ CONTACT: Celia de Pentheny O’Kelly / Charlie Smalling [email protected] [email protected] 415.618.8750 Sard Verbinnen & Co KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: BIOTECHNOLOGY PHARMACEUTICAL GENETICS HEALTH SOURCE: GenapSys Inc. Copyright Business Wire 2021. PUB: 02/04/2021 09:00 AM/DISC: 02/04/2021 09:01 AM http://www.businesswire.com/news/home/20210204005411/encenter_img Local NewsBusiness GenapSys Names Jason Myers CEO Twitter WhatsApp Facebook Previous article5 ways to get winter ‘lit’Next articleAirship Unveils Real-Time, Bi-Directional Integration of its Customer Engagement Platform with Adobe Experience Platform Digital AIM Web Supportlast_img read more

Obamacare remains in place as repeal and replace fails

first_imgThe Patient Protection and Affordable Care Act (also known as Obamacare) remains in place as the law of the land after the Senate rejected a limited Obamacare repeal bill by a vote of 49-51.The failure to repeal and replace Obamacare is a major defeat for President Trump, who made it the centerpiece of his campaign, and for Republicans, who have spent the last seven years attempting to repeal it. In the aftermath, Senate Majority Leader Mitch McConnell (R-KY) indicated that “it’s time to move on,” and put the health care bill on hold, announcing that the Senate would move on to other legislation. The House promptly adjourned for its August recess and will not be back in session until after Labor Day.This most recent setback is even more stunning, considering that the House and Senate passed legislation to repeal Obamacare in 2015—only to see it vetoed by then-President Obama. After President Trump’s victory in the November election gave Republicans control of the White House and both houses of Congress, it appeared that nothing stood in the way of repealing Obamacare, but the process was complicated from the start because of the slim Republican majorities in both the House and Senate.In the House, Speaker Paul Ryan (R-WI) pulled the American Health Care Act (AHCA) from the House floor in March when House leadership realized that they lacked enough votes to pass the bill. Even with a House majority, Republicans could have lost the votes of only 22 members and still moved the bill forward. A series of changes were made to the AHCA to garner the support of conservative and moderate members, and the House passed its repeal and replace legislation in May—by a narrow 217-213 vote—with 20 Republicans voting against the bill.The Senate chose not to take up the House bill, and instead worked on its own repeal and replace legislation, the Better Care Reconciliation Act (BCRA). With a 52-48 majority, Republicans could have lost the votes of only two members and still advanced the bill. Majority Leader McConnell delayed a vote on the bill until after the July 4 recess to make changes to the bill addressing the concerns of conservative and moderate members, ultimately abandoning a vote after key Senators announced that they were not prepared to support it.The Senate then voted 51-50 to begin debate on repealing Obamacare. The measure passed only after Senator John McCain (R-AZ) returned to the Senate floor for the vote, and Vice President Mike Pence cast the tie-breaking vote. Debate began immediately after the vote, only to see votes on two of the three legislative options for replacement subsequently fail. The Senate then took up a third option, a limited Obamacare repeal bill that would have only repealed the Obamacare insurance mandates and the medical device tax, but it failed by a vote of 49-51, with Senator McCain joining Senators Susan Collins (R-ME) and Lisa Murkowski (R-AK) and all 48 Democrats to defeat the bill.The failure to repeal and replace Obamacare also means that HSA expansion is now less likely to occur. Both the House and Senate repeal and replace bills included the following provisions to expand HSA use.Increase the annual HSA contribution limits. As proposed, the maximum contribution would have been increased to the out-of-pocket expense limit under qualified high deductible health plans. [For 2017, $6,550 for self-only coverage and $13,100 for family coverage, indexed for inflation.]  Permit spouses who are eligible to make catch-up contributions (both are age 55 or older) to choose which spouse’s HSA the additional amounts will be contributed to. [This provision would allow both spouses to make their catch-up contributions to the same HSA, which is not permitted under current law.]Expand the definition of “qualified medical expense” to include over-the-counter (non-prescription) medications.Allow eligible medical expenses incurred up to 60 days before the HSA was established to be paid tax-free from the HSA.Reduce the additional tax on HSA distributions used for non-qualified medical expenses from the current 20 percent to 10 percent.The Senate’s revised BCRA bill also added a provision that would allow HSA distributions for the purchase of qualifying health insurance in the individual insurance market. The provision would not extend to employer-provided qualifying health insurance, which, according to the Employee Benefits Research Institute, covers more than 60 percent of the U.S. population.Under current law, for most individuals, HSA distributions are allowed only for payment of certain long-term care and continuation-of-benefit (COBRA) premiums, and health insurance premiums while receiving unemployment benefits. For individuals over age 65, HSA distributions are allowed only for payment of Medicare Part A, Part B, and Medicare HMO premiums, as well as for the employee portion of employer-provided qualifying health insurance premiums.The HSA provisions, if enacted, would have been the first expansion of HSAs since passage of the Tax Relief and Health Care Act of 2006, which increased the annual contribution limits and provided limited Traditional IRA-, health flexible spending arrangement (FSA)-, and health reimbursement arrangement (HRA)-to-HSA rollovers. The HSA provisions would have greatly benefited credit unions offering HSAs to their members. Although efforts to repeal and replace Obamacare failed, double-digit HSA growth is likely to continue. The market forces that have driven double-digit growth over the past 10 plus years—increasing health care costs and employer migration to high deductible health plans—remain and are likely to continue driving HSA growth for the foreseeable future.As we go to press, repeal and replace is dead, but it was dead once before and came back to life. In the days since the Senate vote, President Trump has taken to Twitter to urge Republicans not to give up the effort on health care. And, as he hits the 200-day mark of his presidency—without a single major legislative victory—it would seem unlikely that he will give up on one of his signature campaign promises, one which galvanizes his most ardent supporters. Stay tuned. 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dennis Zuehlke Dennis is Compliance Manager for Ascensus. Mr. Zuehlke provides clients with technical support on tax-advantaged accounts (including individual retirement accounts, health savings accounts, simplified employee pension plans, and Coverdell education … Web: www.ascensus.com Detailslast_img read more

Icelandic pension funds use just 77% of foreign investment freedom

first_imgThe Central Bank of Iceland has revealed that the country’s pension funds used only 77% of the latest allowance it gave them to invest abroad, as parliament passed a landmark bill to start lifting the capital controls imposed after the 2008 crisis.The bill amending the Foreign Exchange Act of 1992 centred on liberalising capital controls on individuals and firms and was passed on Tuesday by Iceland’s parliament (Althing) by all 47 members who were present, of the 63 members in total.The legislation means people and companies are now allowed to invest up to ISK30m (€238,000) abroad before the end of this year, at which point the authorisation amount will rise to ISK100m.From the end of this year, they will also be allowed to transfer deposit balances from accounts with domestic banks to accounts with foreign banks. The bill does not change the situation for pension funds, however, which are being permitted through separate action to increase their foreign investment, which was effectively frozen in terms of its absolute size when capital controls were put in place eight years ago.This action has taken the form of tranches of authorisation from the central bank for the funds to invest a certain overall amount – divided between the pension funds according to a varying formula – which have been granted in four stages between mid-2015 up to the latest allowance period, which ended on 30 September.The first three allowances totalled ISK40bn, and the most recent allowance for the period between July and September amounted to another ISK40bn.Figures released by the central bank this week show the pension funds only made use of ISK30.8bn of this, or 77% of the total authorisation.This follows an 87% use of the previous combined amounts, totalling ISK40bn, or ISK34.7bn in absolute terms.The figures suggest the allowances are placing little restriction on the pace at which Icelandic pension funds would like to move assets back into foreign markets – on an average level across pension funds, at least.At the end of June, the pension funds’ foreign assets totalled ISK709bn, according to the central bank’s stability report published yesterday, equating to about 21.3% of total assets.This was 0.8 percentage points lower than the end of last year and down by about 2.1 percentage points since the end of June 2015.The Icelandic króna has appreciated strongly against a basket of currencies in 2016.Pension funds in Iceland report that their ideal allocation to foreign assets is between 30% and 50%, but some are prepared to wait up to 10 years before they achieve this level of diversification to minimise the risk of the investment shift.The central bank said in its stability report that, when the capital controls are liberalised, capital outflows can be expected because of an increase in firms’ foreign direct investment and to firms and individuals’ attempts to diversify risk in their asset portfolios. It added: “A wide interest rate differential with abroad and largely favourable conditions in Iceland – together with sizeable foreign currency inflows due to services trade and the associated appreciation of the króna – reduces the risk of large-scale net outflows.”last_img read more

Hyundai Samho Boosts Orderbook with 5 New Ships

first_imgHyundai Samho recorded sales of KRW 1.6 trillion in H1 2019, a decrease of 35 percent from the corresponding period last year. However, the shipbuilding unit has seen its operating profit rise, according to Yonhap. South Korean shipbuilder Hyundai Samho Heavy Industries, part of Hyundai Heavy Industries (HHI), has received orders for the construction of five vessels.The orders include two liquefied petroleum gas (LPG) carriers and three petrochemical carriers, Hyundai Samho said in separate stock exchange filings on August 26.The first contract, worth KRW 197.3 billion (USD 162.6 million), has been awarded by an undisclosed Asian shipowner. The 90,000 cbm petrochemical LPG pair is expected to be delivered by November 8, 2021.The second order, which amounts to KRW 210.5 billion (USD 173.5 million), was placed by another unnamed Asian shipowner. The three 115,000 dwt PC vessels are scheduled for delivery by September 9, 2021. World Maritime News StaffRelated:Hyundai Samho to Build LNG-Powered Bulker Pair for H-LineHyundai Samho Bags Order for Crude Carrier Pairlast_img read more

Catherine E. “Katy” Hortemiller

first_imgCatherine E. “Katy” Hortemiller, age 78 of Batesville, died Sunday, March 19, 2017.  Born January 16, 1939 in Ripley County Indiana, she is the daughter of Bessie (Nee: Grills) and Paul Wissel.  She married James Hortemiller October 4, 1958 at St. Anthony’s Church in Morris.  Katy was an executive secretary at Batesville Casket Company 23 years before retiring.  A member of the Knights of St. John’s Ladies Auxiliary, she is a past president in addition to being secretary and treasurer for 19 years.  She also served 10 years as secretary of the Knights of St. John’s International.  Katy was a member of St. Louis Church, the Phi Beta Psi Sorority, the Batesville Beautification League and the Batesville Red Hat Ladies.Although generous with giving of her time and talents, Katy enjoyed many interests in her free time.  An avid gardener, she tended to both her flower beds and a vegetable garden.  The excess from the garden was canned so it could be enjoyed over the winter. A good cook, her homemade vegetable soup and peach pie were huge family favorites and they looked forward each year to the traditional Christmas meal of roast beef, mashed potatoes and corn.  She looked forward to all the holidays so she could decorate the house.  Other hobbies included cross stitching, attending sporting events, working jig saw puzzles and playing cards most nights.  Her family teased that Katy apparently had a weakness for shopping and didn’t mind the drive to the Belterra Casino.She is survived by her husband Jim; daughter Lisa Wallpe of Greensburg; son Greg Hortemiller of Cincinnati; sisters Eleen Weisenbach of Batesville, Cornelia Hoffman of Dover, Indiana; grandchildren Erin Smith, Jordan Wallpe, Sarah Wallpe, Alison Wallpe, Anna Wallpe, Evan Wallpe and great grandchildren Lila Smith, Landon Smith and Rhett Wallpe.  In addition to her parents, she is also preceded in death by grandson Adam Hortemiller.Visitation is Wednesday, March 22nd, from 4 – 7 p.m. at the funeral home.  Funeral services are 10 a.m. Thursday, March 23rd, at St. Louis Church with Rev. Stan Pondo officiating.  Burial will follow in the church cemetery.  The family request memorials to the Knights of St. John Scholarship Fund, the Jerry Becker Memorial Fund or the Adam Hortemiller Memorial Scholarship Fund.last_img read more

Former Olympia Mayor, Doug Mah, to Lead Thurston County Chamber’s Public…

first_imgFacebook0Tweet0Pin0Submitted by the Thurston County ChamberRecognizing the increasing complexity of public policy and the impacts of policy decisions on Thurston County, the Thurston County Chamber is devoting resources to launch a new public policy division. Doug Mah of Doug Mah & Associates will be retained to lead this division beginning Oct. 1, 2016.“We believe that coordinated and collaborative public policy initiatives help create a more vibrant community. Engagement in public policy issues on behalf of individual members and organizations is at the core of the Chamber’s mission,” said David Schaffert, Thurston Chamber President/CEO.Doug MahFor over a decade, the Chamber has worked as a partner alongside local government, assisting in obtaining state and federal resources for regional projects. The Chamber’s Public Policy team will strengthen this ability to assist community partners. The team will coordinate the Shared Legislative Partnership, organize community resources and experts, and work with the entire Thurston County Legislative Delegation.The team will also continue work on other public policy developments facing our region including land-use, permitting and regulatory issues.In addition to Mah, the team will include legal counsel and a public relations expert to sharpen and focus the Chamber’s engagement. Mah is a past Mayor of the City of Olympia, Washington (2008-2011) and served on the city council between 2001 and 2011. As a management and public affairs consultant with over 20 years of experience, Mah focuses on eliminating communication barriers, identifying emerging opportunities, and building strategic partnerships in the areas of technology, real estate, infrastructure and resource allocations. About the Thurston County Chamber: The Thurston County Chamber is growing a prosperous economy and vibrant community by connecting people, ideas and resources. Our engagement in regional planning, education, workforce development, community infrastructure, and environmental stewardship are integral components of the Chamber’s missionlast_img read more

Apple Tree Productions Presents: Children of Eden

first_img The cast of Eden sings Ain’t It Good, a song that celebrates the Noah family’s endurance through forty days and forty nights of rain and flooding on the Arc. Photo credit: Carissa Pierce Fredericks, who has been working with young thespians around Thurston County since 2013, performed in the historic Capitol Theater as a child and is thrilled to be back. Photo credit: Carissa Pierce Sailor Derito plays Mother Noah in Apple Tree’s Children of Eden. Photo credit: Carissa Pierce Tad Mettler and Leo Conklin play young Cain and Able in the show, while Jeff Hines-Mohrman and Sam Van Nuys play their older and more combative incarnations. Photo credit: Carissa Pierce The Family Noah sings excitedly and naively about their journey on the Arc before it begins. Photo credit: Carissa Pierce Facebook41Tweet0Pin0Submitted by Megan Conklin for Apple Tree ProductionsThurston County theater company Apple Tree Productions opens the musical Children of Eden this weekend and its charming melodies and timeless themes are sure to delight theater goers of all ages. The play tells the Biblical stories of the Garden of Eden, Cain and Able, and Noah’s Ark through word and song and is chocked full of action, excitement and romance. Take a look at this series of rehearsal pictures from Children of Eden – we are pretty sure they will inspire you to head to the Capitol Theater in downtown Olympia this Saturday or Sunday evening to see the show.Saturday, December 30 & Sunday, December 316:00 p.m. doors/7:00 p.m. show$15 General Admission / $12 OFS Members, Students & SeniorsTickets available online or at the box office day show Jackie DeShaye’s is a commanding and emotional Eve in Apple Tree’s Children of Eden. Photo credit: Carissa Piercecenter_img Apple Tree founder and director, Heidi Fredericks, has a gift for encouraging young actors in their craft. Photo credit: Carissa Pierce The cast of Children of Eden sings together about the trials of being lost in the wilderness. Photo credit: Carissa Pierce Apple Tree Productions offers “theater intensives” such as Children of Eden quarterly, often during school breaks. The students rehearse all day for a week and perform on the weekend. Photo credit: Carissa Pierce 1 of 10 Jackie DeShaye as Eve, and Adam Zimmerman as Adam, mourn the death of their son Able, played by Sam Van Nuys. Photo credit: Carissa Piercelast_img read more