Moderna and IBM Explore Quantum and Generative AI for MRNA Science

Key Insights and Signals – Hospital & Healthcare

Centre Setup and Expansion
Premier Health Opens New Medical Office in Xenia; Ribbon Cutting Held
The 15,000-square-foot building will house CompuNet Clinical Laboratories and provide lab services to patients, among other things. Read More>>
ProHealth Care to Build New Clinic in Waterford
The 17,745-square-foot facility will have 17 examination rooms, three treatment rooms, a rehabilitation gym, and a covered patient drop-off area. Read More>>
DocGo Signs Strategic Mobile Health Agreement with Fresenius Medical Care
The agreement will allow Fresenius Medical Care to offer DocGo’s mobile health services to its patients, including its proprietary telemedicine carts and remote monitoring systems. Read More>>
Merger and Acquisitions
Kaiser Permanente Plans To Acquire Geisinger
The move will expand Kaiser’s presence in the Northeast and give Geisinger patients access to Kaiser’s integrated healthcare model. No financial details were disclosed. Read More>>
Virtua Health To Acquire Reconstructive Orthopaedics
The acquisition will add 60 clinicians and 300 total employees to Virtua Medical Group. The acquisition will also bring eight locations to South Jersey’s largest health system. Read More>>
Cedars-Sinai Partners with Axiom Space To Grow Stem Cells in Space
The companies will send stem cells to the International Space Station to study the effects of microgravity to enhance stem cell therapy and drug discovery. Read More>>
Rimidi Announces Integration with Meditech Greenfield
Rimidi’s diabetes management platform will be used by healthcare providers using Meditech Greenfield to improve outcomes and reduce costs. Read More>>
PeaceHealth Cuts 51 Jobs in Southwest Washington
The cuts were made across various departments, including administration and patient care to reduce costs and increase efficiency. Read More>>
Executive Movements
Kettering Health Names New Chief Executive Officer
Michael Gentry is an accomplished and mission-driven healthcare leader with executive experience at top systems across the country. Read More>>
Adventist Health Names Jennifer Stemmler as New CIO
Jennifer’s leadership in the digital consumer space reflects her commitment to providing patients with easy, user-friendly tools to transform their healthcare experience. Read More>>
CVS Health Names Brian Kane as New President of Aetna
Kane replaces Daniel Finke, who is stepping down for health reasons. Kane has been a strategic consultant to several private equity firms focused on healthcare services. Read More>>

Key Insights and Signals in Medical Devices

Centre Setup and Expansion
Covetrus Expands Distribution with New Facility in Ocala, Florida
The facility will serve its practices in Florida, Georgia, Alabama, North Carolina, South Carolina, Tennessee, and Mississippi, as well as those across the Caribbean. Read More>>
Siemens Healthineers Expands Its Manufacturing Base in India
The new facility is approved under the Radiology and Imaging Medical Devices segment of the Production Linked Incentive Scheme by the Government of India. Read More>>
NGeneBio Inks Deal with Agilent Korea To Expand NGS Market
The agreement allows Agilent to sell NGeneBio’ s NGS products in Korea, including its clinical diagnostic panels for genetic diseases. Read More>>
Dentsply Sirona, FDI World Dental Federation, and Smile Train partner
FDI, Smile Train, and Dentsply Sirona have developed the first-ever global standard protocols for digitalized cleft treatment to improve the efficacy of current treatments. Read More>>
Agilent Technologies and Theragen Bio Partner To Advance Bioinformatic Solutions
Agilent and Theragen Bio will collaborate on cancer genomic profiling design, engineering, and software to improve localized analysis and therapy options. Read More>>
Abbott, Siemens Healthineers, I-SENS Partner with FIND
The partnership will leverage Abbott’s Afinion HbA1c Dx assay and i-SENS’s self-monitoring blood glucose device, both of which will be integrated with Siemens Healthineers’ cloud-based digital diabetes management platform. Read More>>
Executive Movements
Nevro Names Kevin Thornal as New CEO and President
Mr. Thornal will also be appointed to the Board of Directors and will succeed D. Keith Grossman, who is retiring as CEO and President, effective April 24, 2023. Read More>>
Butterfly Network Names Joseph M. DeVivo as President and CEO
DeVivo brings over 35 years of business leadership experience, having held leadership positions at healthcare and medical device companies, as well as non-profit organizations. Read More>>

Key Insights and Signals in Pharmaceutical

Centre Setup and Expansion
Boehringer Ingelheim Opens New Biotechnology R&D Centre in Germany
The new $380 Million high-tech facility will strengthen the company’s biopharmaceuticals development capabilities that account for about 50% of the company’s research pipeline. Read More>>
BioMarin Opens a $41 Million Expansion of the Cork site
With the expansion, it will begin end-to-end manufacturing for several commercial products and produce additional clinical and commercial products, including gene therapies. Read More>>
3BP, Novartis Enter Into Deal for FAP-Targeting Peptide Technology
The deal provides Novartis with exclusive rights to create and commercialize therapeutic and imaging solutions for 3BPs entire FAP-targeting peptide technology, including FAP-2286. Read More>>
Devyser Enters Agreement with Thermo Fisher Scientific
The agreement gives Thermo Fisher exclusive rights to commercialize, under combined brands, Devyser’s post-transplant portfolio of NGS products in North America and Europe. Read More>>
Merger and Acquisition
Frances Sanofi to Acquire US-Based Provention Bio for $2.9 Billion
It also acquires full ownership of an innovative treatment for the delay of stage 3 type 1 diabetes affecting about 65,000 people every year. Read More>>
Mainz Biomed and Instituto De Microecologia to Expand ColoAlert in Spain and Portugal
The partnership will leverage the Instituto de Microecologia’s sales and marketing capabilities to increase the adoption of ColoAlert in the region. Read More>>
Moderna and IBM Explore Quantum and Generative AI for MRNA Science
The partnership aims to accelerate the process of designing and testing mRNA sequences, which could lead to the development of more effective and personalized therapies. Read More>>
Biotheryx Inks Collaboration Deal with Incyte
The agreement will allow Biotheryx to utilize Incyte’s proprietary drug discovery and development technology to advance its pipeline of cancer therapies. Read More>>
Thermo Fisher Continues Layoffs in SD County
It has begun laying off workers at three manufacturing sites in San Diego County and has eliminated 230 jobs due to a drop in demand for COVID-19 testing products. Read More>>
Executive Movement
Ipsen Appoints New EVP, Chief Medical Officer, and Head Of Global Medical Affairs
Sandra Silvestri brings years of extensive medical experience in the global biopharmaceutical industry and joins Ipsen after spending eight years at Sanofi. Read More>>
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Latest Industry Insights from Draup Braindesk

Key Funding Alert

Aviva commits $187 Million to Aviva Ventures to Invest in Early-stage Businesses
The funding will be used to support Aviva Ventures’ ongoing investment activities and to explore new opportunities in emerging technologies and markets. Read More>>

Startup Spotlight

Company – Pearl Health
Total Funding USD 95.5 Mn
About: Pearl Health uses Data Science to assist primary care doctors in prioritizing patients, engaging in preventive care, and delivering a more holistic experience. Read More>>
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