Northwell invests USD 3 Mn in Hume AI to understand patients’ emotions.

Key Insights and Signals – Hospital & Healthcare

Centre Setup
Northwell opens new Multidisciplinary Practice in Bethpage
The two-suite site has several specialty services, including OB/GYN, primary care, and laboratory services. The USD 1.8 Mn, 9 428-square-foot clinic is located at 4070 and 4072 Hempstead Turnpike and includes two suites. Read More>>
Unions ratify multi-year agreement with Kaleida Health
The new three-year agreement between Kaleida Health and the CWA Local 1168 and 1199SEIU unions has been ratified. Also, all union members will get a compounded minimum 12 percent general wage increase over the next three years. Read More>>
Merger and Acquisition
LCMC Health to acquire 3 HCA hospitals in partnership with Tulane University
The company will acquire three Louisiana hospitals as part of a larger plan to partner with Tulane University to provide care across Southeast Louisiana. The companies plan to expand academic medicine in the New Orleans area. Read More>>
Quest Diagnostics to acquire Outreach Lab Services business of Summa Health
The acquisition aims to broaden access to innovative, quality, and cost-effective laboratory services powering affordable care for communities in Ohio. Read More>>
University Hospitals and ScriptDrop collaborate for a Healthier Future
The agreement aims to deliver medications directly to UH patients’ homes. UH patients can now receive same-day medication delivery using ScriptDrop’s web platform, API integration, and robust courier coverage. Read More>>
Intermountain Healthcare partners with Zipline for drone delivery service
Rather than having the patient population served through couriers and outsourced delivery partners, this drone-based method will have pharmaceuticals go to a distribution site and then flown directly to a patient’s home. Read More>>
Aurora, UCHealth partner on patient management platform
The Eon Patient Management Platform will be used to improve the flow of electronic information and catch harmful abnormalities among patients. Read More>>
Executive Movement
Labcorp appoints Google Cloud Exec Kirsten Kliphouse to Its Board
At Google Cloud, Kliphouse focused on harnessing technology and her teams’ power to help enterprises, mid-market customers, and SMBs find innovative solutions to complex challenges. Kliphouse holds decades of leadership experience at major technology companies. Read More>>
Fairview Health Services names new CFO
Joe Gaylord has more than three decades of professional experience in finance. Additionally, he has served three years as Fairview’s system VP for finance before stepping into his role as interim CFO in August. Read More>>
University Hospitals cuts 443 administrative positions
The University Hospitals is cutting 443 administrative jobs, 326 of which were open positions. None of the 443 positions are involved in direct patient care. Read More>>

Key Insights and Signals in Medical Devices

Centre Setup and Expansion
Cambrex, MilliporeSigma open new European facilities in ongoing expansion efforts
The company has opened a new 29,000-square-foot manufacturing facility in France. The facility will offer CTDMO services and make drug substances for sale, including recombinant proteins and monoclonal antibodies. Read More>>
CytoSorbents secures US Govt Contract for customized Filter Freeze-Dried Universal Plasma
The US Army Medical Research Acquisition Activity has awarded the company a three-year Phase 3 contract valued at USD 4.3 Mn for customized HemoDefend-BGA filter. Read More>>
Merger and acquisition
Speciality Dx Firm Sebia acquires Zeus Scientific
Zeus develops and manufactures in vitro diagnostic immunoassays and related products for infectious and autoimmune diseases. The acquisition would help expand its presence in the US, as well as its capabilities and product portfolio in autoimmunity. Read More>>
Diagnostics firm Bio-Rad in talks to merge with Qiagen
Bio-Rad, which manufactures and supplies products such as laboratory apparatus, instruments, and diagnostics, has a market cap of USD 12.85 Bn. Read More>>
TVM Capital Healthcare, Siemens Healthineers collaborate to advance healthcare access in Southeast Asia
Under the agreement, TVM Capital Healthcare’s portfolio companies in SEA will be able to leverage Siemens’ expertise in the medical technology industry and its strong global as well as the regional presence in Southeast Asia. Read More>>
Illumina, AstraZeneca aim to drug target discovery with research collaboration
The collaboration is uniquely positioned to improve the efficiency of pharma pipelines by leveraging industry-leading abilities to identify genetic variants that contribute to human disease. Read More>>
Bruce Power explores cancer-fighting medical isotope yttrium-90 with Boston Scientific
Through this collaboration, Bruce Power will play a critical role in ensuring Boston Scientific customers and patients have dependable access to a reliable, made-in-Canada supply of Thera Sphere devices. Read More>>
Executive movement
SmileDirectClub appoints Azmat Ali as VP of Product
Azmat Ali will own the product vision, roadmap, and customer experience for SmileDirectClub’s core teeth straightening business, leveraging insights and leading-edge technology to deliver growth. Read More>>
Integra LifeSciences announces key Exec appointment
The company announced the appointment of Harvinder Singh as Executive VP and President of Integra’s international business. Mr. Singh brings a wealth of global healthcare experience, specifically in the medical technology and pharmaceutical industries. Read More>>
Exactech taps Zimmer Biomet veteran as new CFO
The company appointed industry veteran Tony Collins as its new CFO. Collins joins Exactech from medical device and data startup Xenter. Before Xenter, Collins spent 11 years at oorthopedicimplant giant Zimmer Biomet. Read More>>
Financial and market activity
Gerresheimer reports double-digit growth in revenue and earnings for the third quarter
In the third quarter of its financial year 2022, Gerresheimer generated revenues of USD 465 Mn, representing organic growth of 17.4% supported by continued strong demand for High-Value Solutions. Read More>>
Angiodynamics Inc down 16.40% to USD 18.02
The firm’s higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease. Read More>>

Key Insights and Signals in Pharmaceutical

Centre Setup and Expansion
Eurofins Viracor opens Expansive Laboratory in Lenexa, KS
The new facility is part of Eurofins Viracor’s continued investment in building capacity and capabilities to meet growing customer demand in biopharma and clinical diagnostic testing services. Read More>>
Sanofi, miRecule ink Muscular Dystrophy research deal worth USD 430 Mn
Under the terms of the deal, miRecule grants Sanofi an exclusive global license to intellectual property rights to the FSHD therapeutic. Sanofi will take over all Investigational New Drug-enabling work and development and commercialization. Read More>>
Jacobio Pharma to collaborate with Merck on Clinical Trial of JAB-21822 in Combination with Cetuximab
The collaboration includes the clinical study of combination therapy between Jacobio’s KRAS G12C inhibitor JAB-21822 and Merck’s epidermal growth factor receptor inhibitor Erbitux. Merck will provide cetuximab for clinical trials in China and Europe under the agreement. Read More>>
Executive Movement
Almac Group announces Graeme McBurney as new Chief Operating Officer
In this role, Graeme will be responsible for implementing operations aligned with long-term business goals and the Groups strategies. Graeme has over 30 years of experience in the pharmaceutical industry. Read More>>
Financial and Market Activity
Tilray Brands, Inc. reports Q1 loss, misses revenue estimates
Tilray Brands, Inc. came out with a quarterly loss of USD 0.08 per share versus the Zacks Consensus Estimate of a loss of USD 0.06. Over the last four quarters, the company has surpassed consensus EPS estimates two times. These figures are adjusted for non-recurring items. Read More>>
Did you find the newsletter helpful? *|SURVEY: Yes|* *|SURVEY: No|*

Latest Industry Insights from Draup Braindesk

Funding Alert

Northwell invests USD 3 Mn in AI firm seeking to understand patients’ emotions      
The venture fund’s latest investment was in Hume AI, an AI startup that focuses on vocal and nonverbal communication. The investment will lead to the development of AI models to better understand patients’ vocal and nonverbal communications. Read More>>

Startup Spotlight

 Company – PostEra
Total Funding USD 94.45 Mn
About: PostEra uses Machine Learning to close the design-make-test loop of medicinal chemistry to advance drug discovery. PostEra does faster drug discovery, finds more optimized drug candidates, and develops better cures for patients. Read More>>
Here’s what’s new on our Sales Intelligence Platform
View Customer Distribution by Vertical
  • Get an understanding of the focused verticals of service providers with Customers Distribution by Vertical analysis in Customers section
  • Get to see the financial results in reported currency with the flexibility to change the currency in Financials section
View All Updates
Copyright © *|CURRENT_YEAR|* Draup, All rights reserved.

We are located at: *|HTML:LIST_ADDRESS_HTML|* *|END:IF|*

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

What you should do now

  1. Request a Demo and see how Draup can maximize the impact of your go-to-market teams with AI-driven sales intelligence.
  2. Read more free material about sales intelligence topics in our blog.
  3. If you know someone who’d enjoy this page, share it with them via email, LinkedIn, Twitter, or Facebook.