Key Insights and Signals – Hospital & Healthcare
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Centre Setup and Expansion
New NHS Medical Centre Set to be Built in South Essex
The new site aims to cut waiting lists and will offer patients a wider range of tests, including CT and MRI scans, closer to home and help patients avoid visiting a hospital. Read More>>
HonorHealth Breaks Ground on State-of-the-art Cardiovascular CoE
The $60 million project will involve the construction of a new state-of-the-art Cardiovascular Center of Excellence dedicated to treating patients with heart conditions of all complexities. Read More>>
Deal
VA Renegotiates Tougher EHR Modernization Contract with Oracle Cerner
The updated contract dramatically increases its ability to hold Oracle accountable for outages, responsiveness to clinician requests, and interoperability with other health systems. Read More>>
Merger and Acquisition
ArisGlobal Acquires Leading Regulatory Data Solution SPORIFY
The acquisition enhances its solutions with robust data governance capabilities, matching, maintaining, synchronizing, and integrating SPOR data for life sciences customers. Read More>>
Layoff
700 Hospital Employees Laid Off at Ochsner Health
The layoffs will save the hospital system between $125-150 million dollars per year. All laid-off employees received a severance package of full pay with benefits for 65 days. Read More>>
CommonSpirits Operating Losses Swell, Sparking Job Cuts
The company stressed several initiatives to improve operating efficiency and announced it had cut several leadership, administrative, and other non-patient-facing roles. Read More>>
Partnership
Philips And Vanderbilt University Medical Center Unite
The project with the radiology department focuses on measuring and addressing the energy consumption of VUMC’s diagnostic imaging devices, including MR, CT, ultrasound, and X-ray. Read More>>
Executive Movements
CentraCare Appoints Two New Executives
The company has promoted Ryan Engdahl to Vice President of Ambulatory Care and Rachael Lesch to Vice President of Population Health and Performance Excellence. Read More>>
Jenny Hardee named CEO of McLeod Health Dillon
This is an opportunity to see McLeod’s relationships evolve, with Hardee focusing on the values and mission of McLeod and alignment with the community. Read More>>
Cleveland Clinic Akron General Names New Chief Nursing Officer
Kelli Saucerman-Howard brings 34 years of experience in nursing, regulatory compliance, and patient safety, having served at large academic health systems for over a decade. Read More>>
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Key Insights and Signals in Medical Devices
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Centre Setup and Expansion
Terumo To Build New Manufacturing Facility In Japan
The company will invest about $372 Million in the facility and expects to complete construction by 2025. It’s located on the premises of the Kofu Factory in Yamanashi, Japan. Read More>>
Siemens Healthineers Opens Education And Development Center In Germany
The company invested $64 Million in this three-year project to address a projected talent shortage. The center will provide medical device training to both customers and in-house specialists. Read More>>
Deal
Lifecore Biomedical Enters into a New Financing Agreement with Alcon
The agreement includes a six-year senior secured term facility and a sale-leaseback of hyaluronic acid fermentation equipment, totaling a substantial $150 million. Read More>>
Partnerships
Avantor And Labguru Collaborate To Drive More Efficient Lab Buying Experience
The collaboration aims to integrate Avantor’s Inventory Manager and e-commerce channel into Labguru’ s Lab Information Management Software and Electronic Lab Notebook. Read More>>
SynPhNe and Indegene partner to launch Synergistic Physio-Neuro Platform
SynPhNe’s new wearable solution, claimed to be a first-of-its-kind device, trains the brain and the muscles in one system facilitating the recovery of body-and-brain function. Read More>>
Mass Hiring
Boston Scientific To Add 400 Jobs In Ireland
The company is planning an $86.3 million investment in Ireland, creating over 400 jobs. It aims to expand its manufacturing and R&D capabilities at its Clonmel site while increasing office and manufacturing space. Read More>>
Layoff
Cala Health and Cue Health Lay Off Employees In California
Cala Health and Cue Health recently filed with the state of California to confirm reductions in their workforces. Cala laid off 107 employees while Cue Health laid off 329 people. Read More>>
Product Launch
Olympus Expands Partnership With Endoclot To Launch Hemostatic Agents
Olympus is launching three Endoclot products, two hemostatic agents, and a submucosal injection agent in the Europe, Middle East, and Africa region. Read More>>
Executive Movements
Vyaire Medical Appoints John Bibb As Group CEO
Bibb has more than 20 years of experience in the medical device industry and most recently led Vyaire as Chief Legal Officer and Secretary, Human Resources. Read More>>
Cepheid Announces Vitor Rocha as President
Vitor brings more than 20 years of experience as a global leader in the medical devices industry, along with a passion for patient care to his new role at Cepheid. Read More>>
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Key Insights and Signals in Pharmaceutical
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Centre Setup and Expansion
Lupin Diagnostics Launches Satellite Laboratory in Vijayawada
The move is part of Lupin Diagnostics’ ongoing expansion aimed at enhancing access to high-quality testing services and increasing the diagnostics network across the country. Read More>>
Deal
Egypt Inks Agreement With GSK To Enhance Health In The Country
The agreement encompasses several areas, including public awareness campaigns and specialized training for professionals in the field of child and elderly immunizations. Read More>>
Partnerships
Gilead Sciences and Arcus Biosciences Expand Research Partnership
Arcus will receive $35 million upfront and will research up to four jointly selected targets for inflammatory diseases. Read More>>
KSQ and Takeda expand partnership for new tumor-intrinsic targets
This partnership will focus on the identification and validation of new targets to inform treatment developments that address resistance mechanisms in cancer patients. Read More>>
Aitia and Servier collaborate on AI-driven drug discovery for pancreatic cancer
The companies aim to discover, validate, and develop novel drug targets and candidates using Aitia’s Pancreatic Cancer Digital Twins and Servier’s pre-clinical assays and expertise. Read More>>
Executive Movements
Gilead Appoints Cindy Perettie as Executive VP of Kite
She will oversee the cell therapy business and will become a member of Gilead’s senior leadership team. She brings with her extensive experience in oncology and improving patient care. Read More>>
Dr. Peter Mugyenyi resigns as Independent Director of Cipla
Cipla has announced that the cause of his resignation is his age. Dr. Peter Mugyenyi does not hold directorships and/or committee memberships in any other listed entity. Read More>>
Fulcrum Therapeutics Appoints Alex C. Sapir as CEO
Mr. Sapir will also join Fulcrum’s board of directors. Interim CEO and president Robert Gould Ph.D. will continue to serve as a member of the board following the transition. Read More>>
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Latest Industry Insights from Draup Braindesk
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AI tool for remote patient monitoring:
- Healthnet Global launched Automaid, a smart in-patient room automation system for remote patient monitoring and triaging.
- Automaid has an AI-powered triaging system that monitors vital parameters in real-time, accessible to doctors through a centralized dashboard.
AI-enabled Cath lab:
- GE Healthcare launched AI-powered Cath lab-Optima IGS 320 to advance cardiac care in India.
- The Cath lab leverages GE’s proprietary AutoRight technology, the first neural network-based interventional image chain.
AI-powered solution for hospital discharge:
- Alpine Health Systems launched an AI-based software platform to streamline complex hospital discharge with support from OSF HealthCare and High Alpha Innovation.
- The platform helps case managers identify at-risk patients for safe transitions to appropriate care sites.
Patient care by digital pathology:
- Harrison.ai partnered with Sonic Healthcare to launch franklin.ai, integrating digital pathology tools into clinical practice.
- franklin.ai provides pathologists with a digital assistant using state-of-the-art AI technology to enhance diagnostic accuracy and efficiency.
Healthcare Conversational AI:
- WELL Health introduced a conversational AI solution for the healthcare industry.
- ChatAssist AI automates communication between healthcare providers and patients, answering questions and initiating follow-up based on patients’ responses.
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Key Funding Alert
Pluton Biosciences Raises $16.5M Series A led by Illumina Ventures and RA Capital
The funding will help accelerate the development of Pluton’s flagship product, the Microbial Cover Crop, through field trials and towards commercial partnerships, among other priorities. Read More>>
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Startup Spotlight
Company – BuyMed
Total Funding – USD 63.5 Mn
About: BuyMed operates an e-commerce website that connects pharmaceutical manufacturers, distributors, and clinics. Its platform, Thuocsi.vn, works on a variety of projects, including e-commerce, seller centers, supply portals, WMS, POS, and logistics services. Read More>>
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Latest Reports Published in Draup
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Merck & Company Account Intelligence Report
Merck adopts Generative AI modeling to design novel drugs and enhance drug delivery devices with adherence monitoring. Read More>>
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Athenahealth, Inc Account Intelligence Report
Athenahealth is keen on developing telemedicine and health monitoring systems by utilizing AI and the IoT to expand its healthcare services. Read More>>
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NASCO – Account Intelligence Report
NASCO provides the members with a seamless experience from enrolment to payment and meets customer needs as effectively as possible. Read More>>
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Here’s what’s new on our Sales Intelligence Platform
IT Spend analysis in an account’s financials view
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- Introducing IT Spend Analysis in an Account’s Financials view to help you understand the account spending propensity
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