BARDA Awards Cue Health $28M Contract to Fast-Track Respiratory Infection Test Development

Partnerships
Sound Physicians & AdventHealth expand partnership
This collaboration brings specialized inpatient medical care at AdventHealth Palm Coast Parkway, the second hospital in Florida, enhancing patient services in the region. Read More>>
Helix and Nebraska Medicine partner to provide Precision Care in Nebraska
Helix and Nebraska Medicine collaborate on the Genetic Insights Project, a partnership advancing precision medicine via population genomics to uncover disease risks in Nebraska. Read More>>

Merger and Acquisition
CMA Clears UnitedHealth Group’s $1.5 billion Acquisition of EMIS
The acquisition gains provisional approval from the CMA, highlighting no competition issues. The merger aims to enhance NHS healthcare technology through collaboration. Read More>>

Centre Setup and Expansion
Sentara Health to cut the ribbon on a new facility in Elizabeth City
Sentara Health opens an 80,000-square-foot medical office building in Elizabeth City, housing cancer services, cardiac rehab, and a linear accelerator for radiation oncology. Read More>>

Executive Movement
Arkansas Children’s promotes Dr. Karen Farst to Senior VP & Chief Medical Officer
Pioneering child abuse pediatrics, she’s the state’s first board-certified physician. With 20 years of advocacy, she’s known for collaborations combating child abuse. Read More>>

Layoff
Doximity slashes 10% of the workforce (around 100 employees) amid post-COVID pressures
The layoffs, focused on operations and client service teams, are expected to be completed by Q3 2024 as the company aims to streamline amid changing client needs post-COVID. Read More>>

Partnership
VGM Partners with Fisher & Paykel Healthcare
The partnership adds myAirvo products and CPAP masks to enhance respiratory care for VGM members. It aims to improve treatment for COPD and other respiratory conditions. Read More>>

Deal
Cue Health wins $28M BARDA contract to develop rapid respiratory infection test
Cue Health secures the contract for a 25-minute molecular multiplex test detecting influenza A and B, RSV, and COVID-19 to expand beyond COVID-19 collapse and break even by 2025. Read More>>

Executive Movement
NN, Inc. announces Tim French as Senior VP and CEO
In this role, he will be in charge of supervising operations in six countries, drawing from his 35-year experience in manufacturing, operational proficiency, and corporate restructuring. Read More>>

Product Launch
ZimVie’s new Mobi-C disc earns FDA approval
The Mobi-C cervical disc version with 4.5mm height and seven footprints, is designed for one and two-level reconstruction, enabling improved outcomes in cervical disc arthroplasty. Read More>>
Alcon India Launches Clareon Monofocal and Clareon Toric IOLs
The Clareon Monofocal and Clareon Toric IOLs, innovative intraocular lenses are designed to enhance vision after cataract surgery by providing improved clarity and reduced glare. Read More>>

Partnership
Kakao Healthcare inks MoU with Novo Nordisk Pharma
The partnership integrates blood sugar management service with Novo Nordisk’s ‘Malia Smart Sensor’ for enhanced patient care. Read More>>

Centre Setup and Expansion
Moderna opens a research hub in Melbourne
The center will collaborate with local institutes and is accompanied by a nearby mRNA manufacturing facility set to produce 100 million vaccine doses annually. Read More>>
Astellas to expand presence in Massachusetts with new research hub
Astellas is expanding in Cambridge with a life sciences facility spanning 62,000 square feet by 2024. The hub will house offices, labs, and the Discovery Accelerator startup initiative. Read More>>

Merger and Acquisition
Novo Nordisk has acquired InversagoNovo
Novo Nordisk acquires Inversago Pharma for a potential $1 billion deal, gaining INV-202, an oral CB1 inverse agonist for metabolic diseases like obesity and diabetes. Read More>>

Executive Movement
Hikma announces Dr. Bill Larkins as President of injectables business
Dr. Larkins brings extensive expertise in the sterile injectable generic market, having served as CEO of Custopharm and held leadership roles in prominent pharmaceutical firms. Read More>>

Layoff
Biogen is laying off 11% of its workforce
Biogen is cutting 1,000 employees, with initial cuts taking place in Cambridge. The layoffs are due to the challenges faced by some of the company’s products. Read More>>

Product Launch
Upsher-Smith Labs has launched Famotidine for Oral Suspension, USP
Upsher-Smith Labs has launched Famotidine for Oral Suspension, USP, in partnership with Appco Pharma. The product is a generic version of Pepcid® for oral suspension. Read More>>

Key Funding Alert

Visana Health Raises $10.1M for Virtual Women’s Health Clinic
The funding will be used to strengthen relationships with health plans and Fortune 500 companies to support women’s healthcare and well-being. Read More>>

Startup Spotlight

Company – Phlo
Total Funding – USD 23.85 Mn
About: Phlo is a digital pharmacy delivering NHS & Private prescriptions on-demand. It works with both repeat and acute (one-off) prescriptions. Phlo uses technology and analytics to provide patients with real-time, on-demand delivery of their prescriptions. Read More>>

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