GE Healthcare’s 5G Innovation Lab to transform remote care with AI, AR/VR, and more connected healthcare solutions

Key Insights and Signals – Hospital & Healthcare

Centre Setup
Beebe breaks ground on Milton location
The USD 35 Mn project will be a 40,000-square-foot building providing primary care, walk-in care, laboratory, and diagnostic imaging for the greater Milton area. The facility is projected to open in 2023. Read More>>
Ascension Health opens a new Cancer Care Treatment Centre in Romeoville
The cancer treatment center includes 11 treatment rooms and will focus on oncology care and will feature 22 infusion chairs, including 16 that are in private rooms. Read More>>
AdventHealth to begin construction on USD 76.5 Mn Cancer center in Johnson County
The new AdventHealth Cancer Centre Shawnee Mission, a three-story, 71,000-square-foot building, will be built on the hospital systems campus in Merriam near 75th Street and Interstate 35. Read More>>
UW-La Crosse signs student health agreement with Mayo Clinic Health System
A new agreement between Mayo Clinic Health System and the university will bring in Mayo doctors and nurses to the Student Health Center on campus. The collaboration also allows Mayo Clinic to pursue more research and educational opportunities. Read More>>
Merger and Acquisition
Molina Healthcare to acquire My Choice Wisconsin
The company has entered into a definitive agreement to acquire all the assets of My Choice Wisconsin. MCW is a Medicaid-managed care organization serving members across Wisconsin. Read More>>
Syntellis and the AHA collaborate to provide critical insights into Healthcare trends
The two organizations will work together on healthcare data and research to explore emerging healthcare trends across the country. Read More>>
MultiCare partners with Zipline to launch Drone deliveries to Hospitals & Labs
The company announced a partnership to launch the state’s first commercial drone deliveries. Zipline’s electric, autonomous aircraft will deliver a range of medical products throughout MultiCare’s facilities, including hospitals, laboratories, and doctors’ offices. Read More>>
Executive Movement
Allianz Holdings announces new COO
In his new role, Ashish Patel will oversee operations and technology, including Allianz’s transformation program, which will deliver the best service and digital experience for customers. Read More>>

Key Insights and Signals in Medical Devices

Center setup
GE Healthcare opens the first 5G innovation lab in India
Through the lab, GE Healthcare aims to disrupt traditional processes of patient diagnosis and care, using the high bandwidth and data speeds of 5G to streamline the patient experience. Read More>>
Randox Health to open a new clinic in Birmingham
Randox Health is launching a new clinic where it will offer services such as tests for vitamin deficiencies, hormone imbalances, allergies, and heart conditions, among other illnesses. Read More>>
G42 Healthcare signs distribution agreement for Oxford Nanopore Technologies
G42 Healthcare aims to build on its current sequencing capabilities by offering Oxford Nanopores sequencing technology, which offers a range of market-disrupting features. Read More>>
BRIEF Transpire Bio inks agreement with Recipharm
The company has entered into a definitive agreement with Recipharm to develop TRB-1 and TRB-2, inhaled medicines for the treatment of asthma and chronic obstructive pulmonary disease. Read More>>
Mergers and Acquisition
Bioventus completes CartiHeal Acquisition
The acquisition of CartiHeal is directly aligned with Bioventus’ sports medicine and total joint reconstruction call point and extends the company’s leadership position in joint preservation technologies. Read More>>
Avista Therapeutics, Roche to develop Next-gen AAV Gene Therapy Vectors
The partnership aims to develop innovative gene therapies for rare ophthalmic conditions. Through the deal, Avista will develop new capsids or viral shells capable of delivering genetic material into cells. Read More>>
Orthofix Medical and LimaCorporate to work on High Hip Dislocation for the US Market
Orthofix’s Fitbones system will work with LimaCorporate’s proprietary, patient-specific, 3D-printed pelvic fixation device to manage the challenging condition of chronic high dislocation of the hip. Read More>>
Executive Movement
Roche appoints Thomas Schinecker as CEO
Schinecker most recently served at Roche as its chief of the diagnostics division, and during his 20-year career at the company, he held various international roles, serving as head of marketing and sales and general manager in regional offices. Read More>>

Key Insights and Signals in Pharmaceutical

Centre Setup
Labcorp expands Automated Clinical Trial Kit Production Line at European Operations Center
Once completed, the expansion will allow for clinical trial test kits to be fulfilled in Mechelen for more than 70 countries throughout Europe, the Middle East, and Africa. Read More>>
F-star Therapeutics inks licensing deal with Takeda to develop Bispecific Antibody
Under the terms of the agreement, F-star will grant Takeda a worldwide, exclusive royalty-bearing license to research, develop, and commercialize a bispecific antibody against an immuno-oncology target using F-star’s proprietary Fcab and mAb2 platforms. Read More>>
AbbVie signs USD 60 Mn deal for Glaucoma Surgery Device Development
Under the agreement, iSTAR Medical will receive a USD 60 Mn upfront payment and will continue to develop and commercialize MINIject until the completion of the study. Read More>>
REFILE-EU signs COVID-19 therapeutic procurement deal with Gilead
The European Commission has signed a joint procurement contract for an antiviral treatment for patients with COVID-19 with Gilead Sciences Inc. Read More>>
Mergers and Acquisition
Cipla Health to acquire Endura Mass from Medinnbelle Herbalcare
The acquisition is in line with Cipla’s strategic imperative to augment its wellness portfolio for bringing about a shift from an illness to a wellness mindset. Read More>>
PMV Pharma, Merck ink Clinical Trial collaboration for combination study in solid tumors
PMV Pharma will evaluate PC14586 in combination with Merck’s Keytruda for advanced solid tumors. PC14586 is a first-in-class precision oncology small molecule investigational therapy that selectively targets the p53 Y220C mutation. Read More>>
Executive Movements
ANI Pharmaceuticals appoints General Counsel and Corporate Secretary
Ms. Meredith W. Cook brings over 20 years of legal and leadership experience in specialty and generics pharmaceuticals, including in corporate governance, mergers, and acquisitions, strategic transactions, and intellectual property. Read More>>
Eagle Pharmaceuticals appoints Debra M. Hussain as Senior VP, Head of Commercial
Debra has extensive experience in hospital-based sales and marketing across cardiovascular, urology, diabetes, neuroscience, osteoporosis, and critical care/anesthesia specialties. Read More>>
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Latest Industry Insights from Draup Braindesk

Funding Alert

Gilead invests USD 85 Mn in Gilead Foundation towards health equity progress  
The donation follows on from the endowment Gilead announced in 2021 to recapitalize the Gilead Foundation, with a renewed vision for its mission to positively impact the community and society by encouraging a culture of giving. Read More>>

Startup Spotlight

Company – Bicycle Health
Total Funding USD 68.26 Mn
About: Bicycle Health is a virtual addiction medicine clinic that helps treat opioid dependence or use disorder. The telemedicine-based company uses an interesting model to become an addiction medicine resource that physicians leverage for their patients while maintaining and strengthening their relationship with their patients. Read More>>

Latest Reports Published in Draup

Agilent Technologies, Inc Account Intelligence Report
Agilent Technologies focuses on developing the scientific and laboratory management needs of analytical scientists and clinical researchers while making performance improvements. Read More>>
Align Technology, Inc. Account Intelligence Report
The company is keen on advancing the Invisalign system by iTero intraoral scanners to deliver speed, reliability, intuitive operations, and outstanding visualization capabilities. Read More>>
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