Why a Durham CRO is buying up an Australian firm
Less than a year after doubling down its presence in the Triangle and dubbing Durham its dual headquarters, a Boston contract research organization (CRO) has acquired an Australian firm.
Parexel, which launched a 260 job expansion in Durham last May, has announced the acquisition of Model Answers, based in Brisbane. The company is a consultancy firm focused on pharmacokinetic (PK) and pharmacodynamic (PD) modeling. It provides simulation and analysis lines of business to drugmake rs pushing potential… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - February 21, 2020 Category: Biotechnology Authors: Seth Thomas Gulledge Source Type: news
Why a Durham CRO is buying up an Australian firm
Less than a year after doubling down its presence in the Triangle and dubbing Durham its dual headquarters, a Boston contract research organization (CRO) has acquired an Australian firm.
Parexel, which launched a 260 job expansion in Durham last May, has announced the acquisition of Model Answers, based in Brisbane. The company is a consultancy firm focused on pharmacokinetic (PK) and pharmacodynamic (PD) modeling. It provides simulation and analysis lines of business to drugmake rs pushing potential… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 21, 2020 Category: Pharmaceuticals Authors: Seth Thomas Gulledge Source Type: news
Cardiovalve Reaches 2 Milestones for its Tricuspid Valve Replacement System
Cardiovalve has a pair of milestones that could help catapult the company into the forefront of the tricuspid valve market. The Or Yehuda, Israel-based company received FDA approval for an early feasibility study of the transcatheter tricuspid valve replacement system and Breakthrough Device Designation for the technology.
The study’s primary endpoint is the safety and feasibility of the Cardiovalve technology and procedure in reducing tricuspid regurgitation, with evaluations at 30 days and periodically up to five years. The study will be conducted in collaboration with five leading US hospitals.
In a re...
Source: MDDI - February 21, 2020 Category: Medical Devices Authors: Omar Ford Tags: Regulatory and Compliance Cardiovascular Source Type: news
Lilly Completes Acquisition of Dermira
INDIANAPOLIS, Feb. 20, 2020 -- (Healthcare Sales & Marketing Network) -- Eli Lilly and Company (NYSE: LLY) today announced the successful completion of its acquisition of Dermira, Inc. (NASDAQ: DERM). The acquisition expands Lilly's immunology pipeline wi... Biopharmaceuticals, Dermatology, Mergers & Acquisitions Eli Lilly, Dermira, lebrikizumab, atopic dermatitis, QBREXZA, glycopyrronium (Source: HSMN NewsFeed)
Source: HSMN NewsFeed - February 20, 2020 Category: Pharmaceuticals Source Type: news
Physician Practice Sales to Private Equity Doubled in 3 Years Physician Practice Sales to Private Equity Doubled in 3 Years
Anesthesiology practices accounted for the largest number of acquisitions, but other specialties haven't been spared.Medscape Medical News (Source: Medscape Gastroenterology Headlines)
Source: Medscape Gastroenterology Headlines - February 19, 2020 Category: Gastroenterology Tags: Family Medicine/Primary Care News Source Type: news
Ipsen writes down $725M after largest-ever acquisition, trial woes
Less than one year after Ipsen SA made its largest-ever acquisition, the company has written down most of the deal ’s value as a loss.
Ipsen spent $1 billion last year to acquire Canadian startup Clementia Pharmaceuticals Inc. and its leading rare disease drug candidate. But the drug giant, which is based in France and has its U.S. headquarters in Cambridge, recorded a $725 million impairment loss on the de al in its year-end financial report, resulting in a $54 million net loss for Ipsen.
The… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 18, 2020 Category: Pharmaceuticals Authors: Allison DeAngelis Source Type: news
Mylan-Upjohn merger filings contemplate coronavirus impact
Mylan NV and Upjohn have added the potential impact of coronavirus onto its risk factors ahead of the merger between the two companies sometime later this year.
The merger will create Viatris, a publicly traded company based in the United States that will be led by Mylan’s Robert J. Coury as executive chairman and Upjohn’s Michael Goettler as CEO. It will combine Mylan (Nasdaq: MYL) strengths in generic and other meds with Upjohn’s well-known brands . Upjohn, which is until the merger a division… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 18, 2020 Category: Pharmaceuticals Authors: Paul J. Gough Source Type: news
Pittsburgh health system investing $90M in newly acquired Maryland hospital
The University of Pittsburgh Medical Center has committed to investing $90 million over five years in the former Western Maryland Health System, which on its acquisition earlier this month became UPMC Western Maryland.
The hospital system, based in Cumberland near the Pennsylvania border, now has a tighter integration with the Pittsburgh-based UPMC that includes not only UPMC Hillman Cancer Center but also nearby hospitals like UPMC Altoona and UPMC Bedford. The Western Maryland hospital has been… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 18, 2020 Category: Pharmaceuticals Authors: Paul J. Gough Source Type: news
The law, drugs, and road transport - Rixecker R.
On the constitutional aspects of drug use, the question of whether the state may criminally sanction the acquisition of narcotics for personal consumption (including the question of conditions and limits) will be investigated at the start of the investigat... (Source: SafetyLit)
Source: SafetyLit - February 18, 2020 Category: International Medicine & Public Health Tags: Alcohol and Other Drugs Source Type: news
UPMC commits $90M in investments to newest hospital in Maryland
UPMC has committed to investing $90 million over five years to the former Western Maryland Health System, which on its acquisition earlier this month became UPMC Western Maryland.
The hospital system, based in Cumberland near the Pennsylvania border, now a tighter integration with the Pittsburgh-based UPMC that includes not only UPMC Hillman Cancer Center but also nearby hospitals like UPMC Altoona and UPMC Bedford. It had been clinically affiliated with UPMC since 2018.
T here were no specific… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 17, 2020 Category: Pharmaceuticals Authors: Paul J. Gough Source Type: news
UPMC commits $90M in investments to newest hospital in Maryland
UPMC has committed to investing $90 million over five years to the former Western Maryland Health System, which on its acquisition earlier this month became UPMC Western Maryland.
The hospital system, based in Cumberland near the Pennsylvania border, now a tighter integration with the Pittsburgh-based UPMC that includes not only UPMC Hillman Cancer Center but also nearby hospitals like UPMC Altoona and UPMC Bedford. It had been clinically affiliated with UPMC since 2018.
T here were no specific… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - February 17, 2020 Category: Biotechnology Authors: Paul J. Gough Source Type: news
Mylan to hold shareholder vote in April on merger with Upjohn
Mylan NV will hold a shareholders vote at the end of April on its merger with Upjohn.
Mylan (Nasdaq: MYL) disclosed in a filing Thursday with the U.S. Securities and Exchange Commission that the meeting will be held April 27 at a hotel in Amsterdam, The Netherlands. Mylan, although run from its global center at Southpointe in Canonsburg, is domiciled in The Netherlands.
On the age nda is the approval of the Mylan merger as well as other aspects of the merger with Upjohn, which is owned by Pfizer… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 14, 2020 Category: Pharmaceuticals Authors: Paul J. Gough Source Type: news
Medtronic Makes Noise in Surgical Robotics with New M & amp;A
*Updated to include comments from Megan Rosengarten, vice president and general manager of Medtronic’s Surgical Robotics business.
Medtronic just turned up the volume in the surgical robotics market by a few decibels. The Dublin-based company – which has had a flurry of news come out in the last six months, is building out its upcoming surgical robotics platform with the acquisition of London-based Digital Surgery, an artificial intelligence specialist.
Dr. Jean Nehme, surgeon, CEO and co-founder of Digital Surgery spoke with MD+DI about the acquisition and noted the two comp...
Source: MDDI - February 14, 2020 Category: Medical Devices Tags: Business Digital Health Source Type: news
Dallas eyecare group says there's more to come after recently completing 12 acquisitions
The eyecare platform of a Dallas firm recently completed 12 acquisitions, and is on track to own and operate more than 200 practices by the end of the year. (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - February 13, 2020 Category: Biotechnology Authors: Rebecca Ayers Source Type: news
CompuGroup Medical to Acquire Certain Cerner Assets in Germany and Spain
CompuGroup Medical SE (CGM) and Cerner Corporation (NASDAQ: CERN), a global health care technology company, have entered into an agreement regarding the acquisition by CompuGroup Medical of a part of Cerner's portfolio in Germany and Spain. The key products are medico® and Soarian® Integrated Care (S-IC), leading HISs in Germany; Selene®, a leading HIS for public hospitals in Spain, and Soarian Health Archive®, a document archiving solution for healthcare providers. (Source: eHealth News EU)
Source: eHealth News EU - February 13, 2020 Category: Information Technology Tags: Featured CompuGroup Medical AG Business and Industry Source Type: news
American Family Care makes big acquisition in New England
American Family Care is expanding its corporate footprint with a major acquisition in New England.
The Birmingham-based urgent care provider has acquired 18 clinics in the New England area from existing franchisees. Financial details were not disclosed to the BBJ.
“This acquisition is the first step in our strategy to bring unprecedented medical coverage to New England,” said American Fa mily Care Founder and CEO Dr. Bruce Irwin. “Whether operating corporately owned clinics, supporting… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - February 12, 2020 Category: Biotechnology Authors: Tyler Patchen Source Type: news
UMass Memorial vows to invest $100M in Harrington Hospital through acquisition
UMass Memorial Health Care has committed to spending upward of $100 million for upgrades at Harrington Hospital if its acquisition plans are given a green light.
Southbridge-based Harrington HealthCare System, which owns Harrington Hospital and several outpatient centers, has been looking for a partner since 2018. It announced late January that it would begin formal negotiations to be acquired by UMass.
As part of the deal, UMass said it will invest millions of dollars in the community entity,… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 12, 2020 Category: Pharmaceuticals Authors: Jessica Bartlett Source Type: news
Intuitive Surgical & #039;s Latest Acquisition Is Just One Piece of a Much Bigger Puzzle
There has been an imeasurable amount of disucssion in the medical device industry in recent years about the future of robotic surgery as the market pioneer Intuitive Surgical welcomes an influx of competition into the space. One of the ways Intuitive is continuing to innovate in the field is through connectivity and data analytics.
Through an intriguing discussion at MD&M West, along with Intuitive's announcement earlier this week that it has acquired Orpheus Medical, MD+DI gained a clearer understanding of how those trends are being put to work at Intuitive to turn expert surgeons into super-ex...
Source: MDDI - February 12, 2020 Category: Medical Devices Authors: Amanda Pedersen Tags: Business Source Type: news
Birmingham-based software company names new CEO
A new leader has taken the helm at Therapy Brands.
Shegun Otulana, longtime CEO of Therapy Brands, has stepped down from the position and named Kimberly O’Loughlin to succeed him in leading the health software company.
O’Loughlin will oversee revenue growth, day-to-day operations and all aspects of organizational management. Otulana will re main a member of the company’s board of directors and provide guidance on product strategy, mergers and acquisitions and vision.
“Therapy Brands… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - February 11, 2020 Category: Biotechnology Authors: Tyler Patchen Source Type: news
Abbott & #039;s Stellar Week, Cardinal Health & #039;s Supplier Drama, and More
Cardinal Health Severs Ties with Chinese Supplier
Cardinal Health nixed its relationship with Suqian, China-based Siyang Holymed after learning that the FDA-authorized supplier had shifted production of Cardinal's surgical gowns to non-approved sites without the proper controlled environments. Unable to ensure the sterility of the gowns produced under those conditions, the company has recalled or initiated a corrective action on 2.9 million procedure packs containing the affected gowns.
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Paclitaxel Device Hits a Speedbump in Europe
Surmodics is seeking a CE mark for its SurVeil drug-coa...
Source: MDDI - February 8, 2020 Category: Medical Devices Authors: Amanda Pedersen Tags: Business Source Type: news
Do Your Devices Meet Physicians ’ Needs?
You’ve invested a lot of time ensuring your medical device meets user needs, but could those needs have changed? As healthcare evolves thanks to robotics, value-based care, the rise of ambulatory surgery centers, remote procedures, and more, the needs of surgeons and other physicians and healthcare practitioners are evolving, too.
Physicians will come together at the upcoming MD&M West 2020 conference to discuss what is missing in the world of medtech in the panel discussion, Tech Talk Panel: Physician's Perspectives: Unmet Needs, Design, & New Technologies in Medtech.
Participating on the panel w...
Source: MDDI - February 7, 2020 Category: Medical Devices Authors: Daphne Allen Tags: Design Source Type: news
FDA Authorizes Marketing of First Cardiac Ultrasound Software That Uses Artificial Intelligence to Guide User
Today, the U.S. Food and Drug Administration authorized marketing of software to assist medical professionals in the acquisition of cardiac ultrasound, or echocardiography, images. The software, called Caption Guidance, is an accessory to compatible diagnostic ultrasound systems and uses artificial intelligence to help the user capture images of a patient's heart that are of acceptable diagnostic quality. (Source: eHealth News EU)
Source: eHealth News EU - February 7, 2020 Category: Information Technology Tags: Featured Industry Business and Industry Source Type: news
Triad hospice merger culminates in rebranding
After completing the merger that saw two Triad hospices come together toward the end of 2019, the surviving end-of-life care nonprofit has rebranded.
Hospice and Palliative Care Center of Alamance-Caswell in Burlington and Hospice and Palliative Care Center of Greensboro are now under the same umbrella, branded as AuthoraCare Collective, or simply AuthoraCare.
Kristen Yntema, president and CEO of AuthoraCare, led the Greensboro hospice prior to the combination.
She is now at the helm of the… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 6, 2020 Category: Pharmaceuticals Authors: John Joyce Source Type: news
Mergers: an inevitable consequence of working at scale?
STPs, also known as emerging integrated care systems, are taking an interest in primary care and how it responds to the need for working at scale. (Source: NHS Networks)
Source: NHS Networks - February 6, 2020 Category: UK Health Source Type: news
Premier CEO talks acquisition strategy as firm snaps up two more health-care groups
Premier Inc. of Charlotte is acquiring two New York health-care businesses in a $291.5 million deal set to close in a few weeks. (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 5, 2020 Category: Pharmaceuticals Authors: Caroline Hudson Source Type: news
M & A wrap: Hospital, music startup, archeology firm selling
Catch up with the latest mergers and acquisitions on the Central Texas Business scene, including a deal that will give a hospital with more than 700 employees a new owner. Also, two Austin tech startups have agreed to come together. (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 5, 2020 Category: Pharmaceuticals Source Type: news
Centene ’s ‘Insatiable Appetite’ For Deals Remains After WellCare Purchase
Health insurer Centene will be on the lookout for potential acquisitions after integrating its biggest-ever purchase in WellCare Health Plans. (Source: Forbes.com Healthcare News)
Source: Forbes.com Healthcare News - February 5, 2020 Category: Pharmaceuticals Authors: Bruce Japsen, Contributor Source Type: news
Revealed: The CCG map after new wave of mergers
Our map reveals the new shape of the clinical commissioning group landscape following a wave of 74 mergers confirmed for April this year. (Source: HSJ)
Source: HSJ - February 5, 2020 Category: UK Health Source Type: news
Cerecor completes acquisition of Pennsylvania biopharma
Maryland biopharmaceutical company Cerecor Inc. has completed its acquisition of Wayne, Pennsylvania-based Aevi Genomic Medicine Inc. in a transaction involving two companies both focused on developing new therapies for rare pediatric diseases.
The all-stock deal, first disclosed in December, carries a value up to $22.1 million. Aevi shareholders received $15.6 million in Cerecor (NASDAQ: CERC) stock, plus the potential for up to another $6.5 million in conditional payments. Those payments include… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 5, 2020 Category: Pharmaceuticals Authors: John George Source Type: news
Cerecor completes acquisition of Pennsylvania biopharma
Maryland biopharmaceutical company Cerecor Inc. has completed its acquisition of Wayne, Pennsylvania-based Aevi Genomic Medicine Inc. in a transaction involving two companies both focused on developing new therapies for rare pediatric diseases.
The all-stock deal, first disclosed in December, carries a value up to $22.1 million. Aevi shareholders received $15.6 million in Cerecor (NASDAQ: CERC) stock, plus the potential for up to another $6.5 million in conditional payments. Those payments include… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - February 5, 2020 Category: Biotechnology Authors: John George Source Type: news
Christus to expand up I-35 corridor with hospital acquisition
Chrustus Health, parent of San Antonio-based Christus Santa Rosa Health System, has agreed to buy Central Texas Medical Center in San Marcos, along with its subsidiaries, from AdventHealth.
The transaction is expected to be completed this spring.
The agreement covers Central Texas Medical Center's 170-bed hospital. Terms of the deal were not disclosed.
“The addition of CTMC to our family of hospitals further demonstrates our commitment to keeping exceptional health care close to home," Christus… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - February 4, 2020 Category: Biotechnology Authors: W. Scott Bailey Source Type: news
NHS operational planning and contracting guidance 2020/21 – technical and supporting guidance
This document sets out details of the key technical elements of the operational planning process covering CCG mergers, narrative plans, submission process overview, Better Care Fund planning requirements as well as key contacts, resources and timetable. (Source: NHS Networks)
Source: NHS Networks - February 4, 2020 Category: UK Health Source Type: news
UPMC adds another state: Maryland acquisition official
Western Maryland Health System has officially joined UPMC.
The health system is centered around a main hospital in Cumberland, Maryland, but the health system also serves surrounding counties in Maryland, Pennsylvania and West Virginia. It announced in January 2017 that it would pursue a clinical affiliation with UPMC, but in the spring of 2019 signed a n onbinding letter of intent to merge the system with UPMC.
UPMC and the health system signed an affiliation agreement Jan. 15 with the effective… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 3, 2020 Category: Pharmaceuticals Authors: Paul J. Gough Source Type: news
Math models add up to improved cancer immunotherapy
(Massachusetts General Hospital) A merger of math and medicine may help to improve the efficacy of immunotherapies, potentially life-saving treatments that enhance the ability of the patient's own immune system to attack cancerous tumors. (Source: EurekAlert! - Cancer)
Source: EurekAlert! - Cancer - February 3, 2020 Category: Cancer & Oncology Source Type: news
MOGA opens new HQ and expands practice with merger
Memphis Obstetrics and Gynecological Association PC (MOGA) was already one of the largest women ’s health care practices in the region.
Now, with the merger with Women’s Health Specialists, MOGA’s multiple divisions will have 39 health care providers and 150 employees at eight Memphis-area locations.
Women’s Health Specialists will become a part of MOGA on Feb. 1, joining Mestemach er Clinic for Women and Women’s Physicians Group as other MOGA divisions. Women’s Health Specialists will… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - January 31, 2020 Category: Pharmaceuticals Authors: Jason Bolton Source Type: news
Wall Street panel: A rush of M & As could hit this health care sector
Merger and acquisition activity slowed inside Nashville ’s health care industry last year, following a 2018 that saw three multibillion-dollar transactions.
As for this year, dealmakers may want to move quickly.
“We think you’ll see more modest deal volume [in 2020],” RBC Capital Markets Managing Director Frank Morgan said. “It’s going to be down this year, and when you think about the presidential election coming up, the closer you get to that, anything that gets done will get done… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - January 31, 2020 Category: Pharmaceuticals Authors: Joel Stinnett Source Type: news
Sandoz completes acquisition of Aspen's Japanese operations, strengthening its position in world's third largest market for generics and off-patent medicines
Sandoz today announced that it has successfully completed the acquisition of the Japanese business of Aspen Global Incorporated (AGI), a wholly owned subsidiary of Aspen Pharmacare Holdings Limited. Sandoz has acquired all of the shares in Aspen Japan K.K. and associated assets held by AGI. (Source: World Pharma News)
Source: World Pharma News - January 31, 2020 Category: Pharmaceuticals Tags: Featured Novartis Business and Industry Source Type: news
Merger deal paves way for huge land sale
A prestigious specialist trust will merge with one of the capital’s biggest teaching hospital trusts, in a deal which could pave the way for a huge land sale in west London. (Source: HSJ)
Source: HSJ - January 31, 2020 Category: UK Health Source Type: news
Time on ice helps M & A firm founder Kubasek keep his cool
Peter Kubasek is 55 years old and still plays hockey. Not just shooting the puck around at a skating rink, but real, fast-paced games with pads, goalies, checking and slap shots.
Hockey is an escape for Kubasek from the daily routine of running ArkMalibu, the Blue Ash-based mergers and acquisitions advisory firm he founded in 1997 and continues to run as managing partner. He started playing as an adult 30 years ago, when he lived in Los Angeles.
“For me, hockey is not e xercise,” Kubasek, a… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - January 31, 2020 Category: Biotechnology Authors: Steve Watkins Source Type: news
All Eyes on Hologic ’s Earnings After Cynosure Split
Hologic came in with mixed results in its latest reported earnings. The Marlborough, MA-based company beat expectations in revenue and met consensus on earnings per share. However, Hologic had to lower revenue guidance for fiscal year 2020.
The plan to lower the revenue guidance is a direct result of Hologic divesting its Cynosure medical aesthetics business. Cynosure was sold to an affiliate of investment funds managed by Clayton, Dubilier & Rice for $205 million, but Hologic acquired the company for $1.65 billion.
Guidance for 2020 was lowered $3.238 billion to $3.268 billion from $3.45 billion to $3.5 billion. Conse...
Source: MDDI - January 30, 2020 Category: Medical Devices Authors: Omar Ford Tags: Business Imaging Source Type: news
Imprivata's latest acquisition, Apple's record-breaking Q4 and more digital health news briefs
Also: FDA launches mobile-friendly HIV medication database; Gates Foundation grant will bring machine vision diagnostic tool to underserved regions. (Source: mobihealthnews)
Source: mobihealthnews - January 30, 2020 Category: Information Technology Source Type: news
Abbott Has Big Win in TMVI Market
The transcatheter mitral valve implantation (TMVI) market is receiving a huge jolt through a new regulatory approval. Abbott Laboratories said it has obtained CE mark for the Tendyne System.
The Abbott Park, IL-based company’s device treats significant mitral regurgitation in patients requiring heart valve replacement who are not candidates for open-heart surgery or transcatheter mitral valve repair.
Tendyne is delivered through a small incision in the chest and up through the heart where it is implanted in a beating heart, replacing the person's native mitral valve. Abbott’s valve is fu...
Source: MDDI - January 30, 2020 Category: Medical Devices Authors: Omar Ford Tags: Cardiovascular Source Type: news
XtreMed becomes National Imaging Solutions
XtreMed has become National Imaging Solutions, following its acquisition last...Read more on AuntMinnie.com (Source: AuntMinnie.com Headlines)
Source: AuntMinnie.com Headlines - January 30, 2020 Category: Radiology Source Type: news
Philips Chooses Healthcare Over Domestic Appliances Unit
Philips is set to shed its domestic appliances unit so it can more effectively focus on its healthcare-related businesses.
The company’s CEO Frans Van Houten said the separation could take between the next 12 to 18 months. Philips’ domestic appliances business, which includes kitchen appliances, coffee, garment care, and home care appliances, generated sales of $2.53 billion for 2019.
“This [Domestic Appliances] business has significantly contributed to Philips, but it is not a strategic fit for our future, as we choose to further sharpen the focus along the health cont...
Source: MDDI - January 29, 2020 Category: Medical Devices Authors: Omar Ford Tags: Business Source Type: news
Torrent Pharmaceuticals puts faith in local market, to focus on new drug launches
The Ahmedabad-based company, part of the Rs 14,000-crore Torrent Group, is the only domestic pharma co that has invested nearly $1 bn in local acquisition over the last three years. Aman Mehta, chief marketing officer of Torrent Pharma said for now the focus of the co will be on launching new products in categories such as cardiology and diabetes. (Source: The Economic Times Healthcare and Biotech News)
Source: The Economic Times Healthcare and Biotech News - January 29, 2020 Category: Pharmaceuticals Source Type: news
3 Reasons Hospital Mergers Fail
Hospitals administrators and national association groups have defended past mergers by promising the deals will lower costs and improve patient care. They almost never do. (Source: Forbes.com Healthcare News)
Source: Forbes.com Healthcare News - January 28, 2020 Category: Pharmaceuticals Authors: Robert Pearl, M.D., Contributor Source Type: news
Sanofi completes acquisition of Synthorx, Inc.
Sanofi announced the successful completion of its acquisition of Synthorx, Inc. ("Synthorx") for $68 per share in cash.
"The acquisition of Synthorx perfectly aligns with our R&D strategy, enhancing our position as an emerging leader in the area of oncology and immunology," says Paul Hudson, Chief Executive Officer, Sanofi. (Source: World Pharma News)
Source: World Pharma News - January 28, 2020 Category: Pharmaceuticals Tags: Featured Sanofi Business and Industry Source Type: news
Verily Powers up Position in Wearables with New FDA Nod
There are new developments surrounding Verily Life Science’s prescription-only smartwatch. FDA has granted a new clearance for the South San Francisco-based company’s Study Watch to measure irregular heartbeats.
The clearance comes one year after Verily received its first 510(k) clearance for ECG for the wrist-worn, sensor-based device. Verily announced in September of 2019 that it collaborated with iRhythm to develop solutions aimed at the Study Watch to improve the screening, diagnosis, and management of patients with atrial fibrillation (AFib).
The collaboration brings together iRhyth...
Source: MDDI - January 27, 2020 Category: Medical Devices Authors: Omar Ford Tags: Regulatory and Compliance Digital Health Source Type: news
U.S. Marine Corps Awards $249 Million Contract for 14,000 White Phosphor Night Vision Systems
(Natural News) Remember the story from just a couple of weeks ago where the FBI asserted imminent domain to effectively “seize” night vision tubes from distributors in the United States? Now we have confirmation that the United States government is involved in a sudden ramping up of acquisitions for night vision devices, including those used... (Source: NaturalNews.com)
Source: NaturalNews.com - January 25, 2020 Category: Consumer Health News Source Type: news
Queen's opens new Island Urgent Care center in Kakaako: Slideshow
The Queen's Health System held a blessing ceremony commemorating the opening of the new Queen's Island Urgent Care center in Kakaako on Thursday.
Click through the above gallery to see images from the event.
In October, The Queen's Health System announced the acquisition of four Island Urgent Care clinics in Kakaako, Kapahulu, Pearl Kai and Hawaii Kai. The Kakaako location is the first of the urgent care centers to re-open under Queen's le adership.
Medical providers of Queen's Island Urgent Care… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - January 24, 2020 Category: Pharmaceuticals Authors: Kelsey Kukaua Source Type: news
