This week in Healthcare: New partnerships form as healthcare companies turn to cloud & data analytics to extract data from EHRs

Latest Industry Insights from Draup Braindesk

Healthcare vendors are working to modernize the capabilities of EHRs to generate and extract data as close to real-time as possible. 

  • AstraZeneca implemented’s blockchain-based HER solution DataSmart, a distributed ledger blockchain solution to ensure data and research integrity.
  • Varian Medical Systems partnered with Flatiron Health to develop the next generation of cloud-based, electronic health record data analytics and decision support software for cancer care providers. 
  • UCHealth partnered with BioIntelliSense to use medical-grade sensor technology that effortlessly captures remote patient data and generates personalized clinical intelligence. 

Artificial Intelligence is about to be widely adopted and applied to clinical trials, as it has the potential to transform clinical development. 

  • Novartis partnered with Microsoft to leverage data & artificial intelligence to translate the clinical and scientific data sets into information.
  • Pfizer partnered with IBM Watson to introduce Drug Discovery using Big Data Analytics platform to power its search for Immuno-oncology new drugs.
  • Bayer joins the Sensyne Health consortium to accelerate the discovery and development of new medicines and improve patient care through the analysis of large databases of anonymized patient data, using clinical artificial intelligence.

In an increasingly complex Value-Based Care (VBC) payment models, Health Plan companies need to relook at their data and integration strategies to achieve higher efficiencies in their business. 

  • Careington International Corporation partnered with Guard Street to keep their data secure from cybercriminals, fraudsters, and hackers.
  • JCRH updated its cloud-based repository of pediatric whole genome sequencing data to include prospective clinical data.
  • Beckman Coulter implemented Oracles Storage Cloud Service to maintain its data retention requirements easily.

The key digital technology levers, including Big Data, Cloud, Artificial Intelligence (AI), Machine Learning (ML), Modern Data Warehouse, and Analytics Platforms, help to improve health data management. 

  • Credena Health adopted the Loopback Analytics for monitoring and managing patient data and provide superior levels of safety, adherence, and clinical efficacy with complex specialty medications.
  • Takeda collaborated with Koneska mHealth company to collect collects vital signs, angiography, and cardiac rhythm data in clinical trials.
  • Konica Minolta Precision Medicine has acquired the assets of Backpack Health (BPH), a secure mobile and web-based health data management platform to store and manage their personal health information securely. 

Latest Reports Published in Draup

Arthrex Account Intelligence Report: Arthrex is mainly concerned with educating and raising awareness about orthopedic medical devices, ankle sprains, and medical device sensors. Read More>>
Cytiva Lifesciences Account Intelligence Report: Cytiva Lifesciences is focused on using automation software for material handling that improves product delivery time. Read More>>

Key Funding Alert

London-based startup Checkstep raises £1.3M funding to employ AI-based content moderation solution
Checkstep uses AI-based solutions that can deliver contextual moderation. Since it is a software-based solution, it is obviously bound to be faster than humans. Read More>>

Startup Spotlight

Company – SymphonyRM
HQ Location – San Francisco Bay Area, USA
Total Funding – USD 35 Mn
Year of Establishment – 2014
About: SymphonyRM is a healthcare software platform designed for health CRM and AI for healthcare organizations. Read More>>

Key Insights and Signals – Hospital & Healthcare

LGBTQ+ center partners with Westchester Medical for vaccination effort
The LOFT Center is known as an affirmed space, which allows members of the LGBTQ+ community to feel seen, heard and respected, something many say is not the case in typical health care settings.
Read More>>
Sanofi, CytoReason join forces on AI-based asthma research
The project will use the artificial intelligence specialist’s cell-centered models and deconvolutions to gain insights into each individual asthma endotype. Read More>>
Cancer Patients across the U.S. to benefit from GenesisCare’s partnership with ViewRay, Inc.
This combination of this acute visualization and the diagnostic-quality images allows physicians to define tight treatment margins and deliver the treatment in five or fewer treatment sessions. Read More>>
Mergers and Acquisitions
One Medical buys Medicare-focused provider Iora Health in USD 2.1 Bn M&A
One Medical has proven its ability to drive profitable membership growth, engage with members, improve health outcomes, and lower costs. Read More>>
PharmEasy to acquire a 66% stake in Thyrocare Technologies!
The transaction is expected to be concluded by the end of this quarter. The street will be surprised to see the development as it is rare to see a startup buy majority stakes in a well-established company like Thyrocare Technologies. Read More>>
Korian in exclusive talks to acquire the Osny psychotherapy center
This modern facility is located within a multi-discipline hub that features several healthcare and medico-social facilities on a 7-hectare site, facilitating care pathways and access to care for patients.
Read More>>
Humana set to make Bank on kindred at home Hospice spin-off
Hospice multiples reached a record 26x in 2020, according to PWC Research Institute. Overall health care sector multiples hovered near 13.9x, up slightly from 13.8x in 2019. Read More>>
Executive Movement
RWJBarnabas Health names children’s hospital CEO
In January, Dr. Matthew McDonald III recently took an expanded role at Children’s Specialized Hospital and West Orange, N.J.-based RWJBarnabas Health, as senior vice president and chief medical officer. Read More>>
Munson Healthcare names new chief financial officer
Alicia Maitland joined Munson Healthcare in August 2012 as the director of financial planning and operations. Read More>>
Tawuniya appoints new chief financial officer
Dr. Ammr K. Kurdi represents an added value for Tawuniya as he has more than 15 years of experience in the financial services industry through holding multiple management and executive roles within prestigious organizations. Read More>>

Key Insights and Signals in Pharmaceuticals 

WEHI collaborates with Boehringer Ingelheim to develop novel anti-cancer therapeutics
The collaboration between WEHI and Boehringer Ingelheim will bring the two organizations’ combined expertise in the biology and therapeutic targeting of IAPs, protein degradation, and drug discovery to target cancer-causing proteins. Read More>>
Roche–ANDHealth partnership to drive digital health industry growth
The collaboration with Roche is a key milestone in enabling us to achieve our vision of creating a world-leading, integrated ecosystem for the development, commercialization, and implementation of evidence-based digital health technologies in Australia. Read More>>
Lonza and CellPoint collaborate to develop T-cell based therapies
CellPoint has selected Lonza’s Cocoon Platform as the next-generation state-of-the-art closed and automated manufacturing device to establish its point-of-care strategy to make CAR-T affordable and more readily accessible. Read More>>
Novartis announces digital collaboration with Hewlett Packard Enterprise
This collaboration has three core focuses – identifying complex data sources related to health; advancing artificial intelligence (AI), machine learning and geo-spatial analytics to these data; and expanding access to technology in ‘underserved’ locations. Read More>>
Mergers & Acquisitions
Catalent bolsters CGT biz with RheinCell Therapeutics buy
The acquisition of RheinCell Therapeutics will position Catalent as a partner of choice across the iPSC value chain. Read More>>
AbbVie to acquire TeneoOne and lead asset for multiple myeloma treatment
AbbVie and TeneoOne had entered a strategic transaction in February 2019 to develop and commercialize TNB-383B. This bispecific antibody simultaneously targets BCMA and CD3 and is designed to direct the body’s immune system to target and kill BCMA-expressing tumor cells.
Read More>>
GSK announces consumer business demerger
GlaxoSmithKline will focus on vaccines and specialty medicines while spinning off the consumer healthcare business. Read More>>
Executive Movement
Abbas Hussain appointed as new chief executive officer of Vifor Pharma
In recent years, Hussain has contributed his experience as an independent member of major pharmaceutical, biotech, and medical device companies, such as Teva Pharmaceuticals, CSL, and Cochlear. Read More>>
Hikma appoints Patrick Genestin to lead Generics Business Development
In this role, Mr. Genestin is responsible for driving pipeline strategy and identifying new growth opportunities for Hikma’s Generics business, including leading the execution of licensing and M&A deals, proactively identifying business development opportunities, and maintaining and growing Hikma’s contract manufacturing (CMO) business. Read More>>

Key Insights and Signals in MedTech

Siemens Healthineers and Prisma Health join forces
Calling it a value partnership, they said it would focus on healthcare innovation, workforce development, and improving health care for patients and communities served by Prisma Health. Read More>>
Pacific Biosciences, Rady Children’s collaborate on study of WGS-Based rare disease Dx
The study, which is currently underway, was able to detect variants that were not identified by short-read sequencing (SRS); of these, an average of 37 were missense mutations in known disease genes.
Read More>>
Prisma, Siemens partnership will tap AI to shape the future of health care
Together, Prisma and Siemens Healthineers will form the Intelligence Insights Center that, using artificial intelligence, will empower Prisma physicians to make better decisions from solutions provided to the health system by Siemens Healthineers. Prisma employees will also be trained in the latest technology.
Read More>>
Mergers & Acquisitions
Danaher to acquire Aldevron in deal valued at USD 9.6 Bn
Aldevron will operate as a standalone company in Danaher’s Life Sciences business segment and is expected to boost Danaher’s activities in genomic medicine. Read More>>
Avantor completes acquisition of Ritter GmbH and its affiliates
By combining Ritter’s liquid dispensing platform for clinical diagnostic testing and life sciences research with Avantor’s offerings for critical lab automation workflows and leading global customer channel, Avantor will enhance the value it brings to its biopharma and healthcare customers. Read More>>
Hologic Acessa procedure now covered by Cigna insurance
The Acessa procedure can provide major improvements to the symptoms caused by fibroids, while preserving the uterus. This makes it an essential treatment option for women who would otherwise need more invasive interventions. Read More>>
Executive Movement
Stryker Corporation has appointed Robbie Robinson president of its Spine division
A 17-year veteran of the medical technology industry, Robinson has had a long and storied career with Stryker, beginning in 2004 when he joined the team in the Endoscopy division.Read More>>
Outset Medical hires Amazon’s top health AI engineer as its CTO
Jean-Olivier Racine, a veteran of more than two decades in the technology industry, previously worked as the head of engineering and science for Amazon Web Services (AWS) Health AI, where he managed Amazon Comprehend Medical, Amazon HealthLake and more health services in development.
Read More>>
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