Astellas picks Verizon to Transform its Network Infrastructure and Reduce Drug Development Timelines.

Key Insights and Signals – Hospital & Healthcare

Centre Setup
Western Dental announces two new California offices
The newly opened offices in Colton and Yucaipa will offer a full suite of dental services – including general dentistry, orthodontics, oral surgery, dental implants, and oral hygiene. Read More>>
Dana-Farber Brigham Cancer Center opens a new facility in Foxborough
The new 30,000-square-foot space provides world-class cancer care to patients with 28 infusion bays, 14 exam rooms, and access to nutrition and social work services. Read More>>
Empire BCBS and Northwell Health sign a multi-year agreement
Empire is now a participating provider in Northwell’s House Calls programs, and this agreement maintains access for the more than 4 Mn Empire members who can choose Northwell for their healthcare. Read More>>
Merger and Acquisition
Planet DDS acquires QSIDental from NextGen Healthcare
This acquisition, including QSIDental Web®, reinforces the company’s commitment to cloud-based solutions as a way for dental practices to navigate and uncover new opportunities through unprecedented times in the industry. Read More>>
Rite Aid and WellSpan Health join forces to support Central Pennsylvania
Together, Rite Aid and WellSpan Health will share data and insights to close gaps in care and increase immunizations, strengthen medication adherence, and promote in-store opportunities. Read More>>
BCBS of Michigan teams up with Maven Clinic for virtual family and maternity care
Blue Cross Blue Shield of Michigan is partnering with Maven Clinic to offer additional family and maternity support. They will get access to 24/7 virtual care with Maven’s care advocates. Read More>>
Executive Movement
HCA Healthcare National Group President set to retire
Chuck Hall announced he would retire from his position as HCA Healthcare’s national group president at the end of the year. This will bring his 36-year tenure with the for-profit healthcare facilities operator to an end. Read More>>
Roshy Didehban named Chief Administrative Officer at Mayo Clinic in Arizona
Aside from her tremendous operational and strategic expertise, Roshy is well-recognized for her commitment to putting the needs of patients first and mentoring tomorrow’s leaders. Read More>>
Sentara Health Plans names new President
The new President, Colin Drozdowski, succeeds Dennis Matheis, current President and CEO of Sentara Health Plans. Colin is a growth-oriented and people-focused leader whose vision and commitments align with the future of the health system. Read More>>
 Financial and Market Activity
Mayo Clinic’s operating income slips 66% in Q2
The health system’s expenses climbed 11 percent year over year to USD 3.88 Bn in the second quarter of 2022. Mayo Clinic ended the second quarter of this year with operating income of USD 155 Mn, down 66 percent from USD 451 Mn in the same quarter of 2021. Read More>>

Key Insights and Signals in Medical Devices

Jemincare, Roche ink USD 650 Mn deal for prostate cancer treatment
Under the terms of the agreement, Roche’s Genentech will be granted an exclusive license to develop and commercialize the androgen receptor degrader JMKX002992 worldwide and will be fully responsible for the development and commercialization costs. Read More>>
Semcon wins framework agreement with Getinge
Semcon has signed a new three-year framework agreement with Getinge involving technical consulting services within life science, covering both product and production development. Read More>>
Outset Medical wins national VA contract
The company has won a national contract with the U.S. Department of Veterans Affairs to sell its Tablo hemodialysis system into the department’s 106 VA hospitals. The contract covers an indefinite quantity of services and goods. Read More>>
Mergers and Acquisition
Boston Scientific acquires Obsidio to bolster the embolization business
Embolization is a minimally invasive procedure intended to obstruct or reduce blood flow to an abnormality or tumor to stop hemorrhaging and stabilize venous and arterial malformations. Read More>>
CONMED acquires Soft Tissue Implant Start-Up Biorez for USD 85 Mn
CONMED’s acquisition will add Biorez’s BioBrace Implant technology that is intended to reinforce soft tissue where weakness exists and facilitate healing. Read More>>
Executive Movement
Roy Jakobs appointed new CEO of Royal Philips
After a comprehensive evaluation of external and internal candidates, the supervisory board has unanimously decided to propose Jakobs as the next President and CEO of Royal Philips to its general meeting of shareholders. Read More>>
Inspire Medical Systems appoints former Zimmer Biomet Exec as VP of Investor relations
Ezgi Yagci has more than 15 years of experience as an institutional investor in medical devices and healthcare services. She has held numerous senior leadership roles at major investment firms and will now drive investor relations at Inspire. Read More>>

Key Insights and Signals in Pharmaceutical

Verizon Business selected to transform Astellas Pharma’s Global Network Infrastructure
The network transformation will enable Astellas to harness advanced technologies to help reduce drug development timelines and healthcare costs and drive new revenue opportunities for the company. Read More>>
Sosei Heptares strikes neurological disease drug collaboration with AbbVie
The drug discovery and option-to-license agreement with Abbvie will be focused on new small molecules that modulate novel G protein-coupled receptor targets associated with neurological disease. Read More>>
Merger and Acquisitions
Pfizer to acquire Global Blood Therapeutics in a USD 5.4 Bn deal
The acquisition reinforces the company’s commitment to sickle cell disease (SCD) by bringing expertise and a leading portfolio and pipeline with the potential to address the full spectrum of critical needs in this underserved community. Read More>>
AstraZeneca completes USD 1.3 Bn acquisition of TeneoTwo
Under the terms of the agreement, AstraZeneca will make additional contingent R&D-related milestone payments of up to USD 805 Mn and additional contingent commercial-related milestone payments of up to USD 360 Mn to TeneoTwo’s former equity holders. Read More>>
Q32 Bio and Horizon Therapeutics ink deal
The two companies have entered into an agreement to develop ADX-914 for the treatment of autoimmune diseases. Q32 expects to initiate a Phase 2 trial in atopic dermatitis later this year and is planning to initiate a Phase 2 trial in a second autoimmune disease next year. Read More>>
Sanofi and Innovent enter Oncology collaboration
This agreement is designed to accelerate the development and commercialization of two oncology candidates by combining them with sintilimab, jointly developed by Innovent and Eli Lilly and Company. Read More>>
Executive Movements
Agios appoints Rahul Ballal and Cynthia Smith to Board of Directors
The company announced the appointments of Rahul Ballal, Ph.D., CEO of Imara, and Cynthia Smith, former CCO of ZS Pharma, to its board of directors. Rahul and Cynthia are seasoned biopharmaceutical executives with critical expertise to help us maximize Agios’ potential. Read More>>
Huvepharma, Inc. promotes Drew Weir to VP of Sales
Mr. Weir is now responsible for leading the National Account Management, Sales, and Technical Teams for all species. Mr. Weir has held a number of key roles in numerous product launches and has been instrumental to Huvepharma’s exponential growth. Read More>>
Financial and Market Activity
Blackmore’s group revenue up 12.8 percent
The company has seen group revenue rise 12.8 percent in FY22 to reach USD 649.5 Mn, with growth across the company’s three major brands. The company had delivered a strong result in a year impacted by the pandemic, increased input costs, and significant supply chain disruptions. Read More>>
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Latest Industry Insights from Draup Braindesk

  • MedStar’s business priorities are more aligned toward transitioning to futuristic digital offerings across its business domains. 
  • The job demand for MedStar’s key business operations is across Washington D.C. Metro Area and Baltimore, Maryland Area, United States.  
  • Consulting and System Integration (CSI) and Infrastructure Management Services (IMS) are the major outsourced segments by MedStar Health. 
  • MedStar’s focus areas include Telehealth and Electronic Health Records (EHR).

Funding Alert

ResMed to double its tech team in Ireland with USD 29 Mn investment  
As part of the investment, ResMed will double its Ireland-based software and technology team over the next four years. Read More>>

Startup Spotlight

Company – OncoHost
Total Funding USD 52.56 Mn
About: OncoHost is a clinical-stage biotechnology company developing personalized strategies to increase the success of cancer therapy. OncoHost’s platform analyses proteomic changes in blood samples to monitor the dynamics of biological processes induced by the patient in response to given cancer therapy. Read More>>

Latest Reports Published in Draup

Teladoc Account Intelligence Report
Teladoc intends to enable virtual healthcare to help patients with lifesaving health services and solutions from experts at home. Read More>>
Intuitive Surgical, Inc. – Account Intelligence Report
Intuitive Surgical, Inc. focuses on developing robotic-assisted surgical staplers equipped with SmartFire technology to make automatic adjustments to the firing process and help optimize a consistent staple line. Read More>>
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