• Massachusetts: Boston Scientific has entered into a definite agreement to acquire Nalu Medical, a technology company for chronic pain management, for roughly $533 million. According to Modern Healthcare, Boston Scientific has been a strategic investor in Nalu since 2017 and is now acquiring the remaining shares of the company. In 2019, FDA approved Nalu's Nalu Neurostimulation System for targeted relief for adults with severe, unmanageable chronic pain in their shoulder, lower back, knee, and other areas. Nalu Medical is expected to generate over $60 million in sales this year, Boston Scientific said. (Dubinsky, Modern Healthcare, 10/17)
• New Jersey: The Novo Nordisk Foundation, comprised of Novo Nordisk's largest investors, plans to replace more than half of the company's board, with an extraordinary general meeting of shareholders scheduled for November 14. According to Lars Rebien Sørensen, chair of the foundation, the current board was "too slow in recognizing" changes in the obesity drug market, which led to lagging growth for the Novo's GLP-1 medication Wegovy. Earlier this year, Novo laid off 9,000 workers and replaced its CEO amid underperforming sales. At the meeting, Novo board chair Helge Lund, vice chair Henrik Poulsen, and five independent members will not stand for election. Four employee-elected board members, along with Novo Holdings CEO Kasim Kutay, will remain on the board. The foundation has proposed Sørensen as chair of the board; Cees de Jong, board chair of Novonesis, as vice chair; and Britt Meelby Jensen, Mikael Dolsten, and Stephan Engels as members. The foundation also plans to nominate Helena Saxon and one other person as board members at the board's next regular general meeting in 2026. (Gardner, Biopharma Dive, 10/21)
• New York: Gov. Kathy Hochul (D) has set aside roughly $2.6 billion to strengthen and modernize electronic health record (EHR) systems for safety net hospitals across New York. The funding will be used for six partnerships between safety net hospitals and healthcare organizations under the Health Care Safety Net Transformation Program, which was established in the fiscal year 2025 Enacted Budget. Some safety net hospitals included in the initiative include Arnot Ogden Medical Center, Crouse Hospital, and Westchester Medical Center. "The strength of our hospitals is a reflection of the strength of our communities, and safety net hospitals play a critical role in providing quality healthcare to vulnerable populations," Hochul said. (Lagasse, Healthcare Finance, 10/22)

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