Philips integrates MedChat’s AI into its workflow to automate patient communication

Key Insights and Signals – Hospital & Healthcare

Centre setup and expansion
Inova Health to invest USD 1 Bn for a new medical campus
The new medical campus will be built out of an 11-acre site, which was recently purchased by the city of Alexandria, Va., for USD 54 Mn. Plans for reconstruction include a one-million-square-foot hospital campus, 200,000 square feet of retail, 2,500 residential units, and more than 3.5 acres of park and public space. Read More>>
TriHealth to build USD 30 Mn ambulatory medical center in Cincinnati
Designed to be two stories high with an area of 55,000 square feet, the facility is expected to be completed by mid-2023. Patients will have access to specialty care services in cardiology, general surgery, physical medicine and rehabilitation, orthopedics, obstetrics, and other areas. Read More>>
Bronson Healthcare and Acadia Healthcare plan to build a new Behavioral Health Hospital
The new hospital addresses the growing need in southwest Michigan for more accessible, high-quality behavioral health services. It will offer a full continuum of inpatient behavioral healthcare services for adult patients, including comprehensive treatment for those who struggle with acute symptoms of mental health disorders such as anxiety, depression, bipolar disorder, and posttraumatic stress disorder (PTSD). Read More>>
 Deals and Deals Renewal
Agfa US Corp. receives Vizient contract for DR solutions
The agreement will be effective as of October 1, 2021. Vizient members who choose Agfa products can benefit from cost savings on contracts for all of Agfa’s high-productivity Direct Radiography (DR) and Radiography and Fluoroscopy (R&F) systems. Read More>>
Memorial Sloan Kettering inks a deal with Abintus Bio
Memorial Sloan Kettering Cancer Center has agreed to allow its next-generation signaling technology 1XX to be used in Abintus Bio’s in vivo CAR X products. The products can improve outcomes for patients with hematologic malignancies and solid tumors while overcoming the challenges of ex vivo CAR technologies. Read More>>
Amazon is in talks with Apollo Hospitals to partner in the pharmacy business
Amazon & Apollo HealthCo are eyeing a partnership to enhance the pharmacy business’s omnichannel focus. This will give Amazon the firepower to fight rivals, including Reliance & Tata, who have entered the fray with acquisitions. Apollo Hospitals is looking to sell up to a 20% stake in their pharmacy subsidiary and raise around USD 500 Mn. Read More>>
WellSpan Health announces partnership with York ENT Associates
The integration of York ENT Associates with WellSpan Health will allow the organization to continue to provide comprehensive otolaryngology care for the greater community. The team of five physicians, five audiologists, and an advanced practice provider will continue to care for patients at their current location. Read More>>
Community Care Physicians and CDPHP join together in a historic Healthcare deal 
As part of the partnership, CCP and CDPHP will create a new management services organization (MSO) that will provide the administrative, non-patient care work necessary to operate the clinical practices. The MSO will support all non-clinical functions for the CCP family of practices, allowing the doctors and clinicians of Community Care Physicians to continue to provide high-quality care to all patients, regardless of insurance coverage. Read More>>
Dr. Lal PathLabs partners with Ibex Medical Analytics to deliver AI-powered cancer diagnostics 
Both companies have partnered and announced the first deployment in India of an AI platform that supports pathologists during routine cancer diagnosis and helps improve the quality and turnaround time of cancer tests. Ibex’s Galen platform helps pathologists enhance the quality of cancer diagnosis, implement real-time quality control, reduce diagnosis time and boost productivity. Read More>>
Humana, Allina Health expand value-based care partnership in Minnesota
Humana is expanding an existing agreement with hospital operator Allina Health to provide value-based care to its Medicare Advantage members in the Minnesota market. Under the multi-year pact, the insurer also extended a value-based care partnership for Medicare Advantage members with Hutchinson Clinic, a physician group with 14 locations in central Kansas. Read More>>
Mergers and Acquisitions 
Ballad Health acquires two more hospitals in Southwest Virginia 
Ballad Health System announced its complete acquisition of Johnston Memorial Hospital and Smyth County Community hospital, leading to new health initiatives and greater investments in Southwest Virginia. Following this, the company teamed with the Wellspring Foundation and Smyth County Community Foundation to invest more than USD 310 Mn for health care access improvements. Read More>>
Labcorp plans to buy Toxikon for an undisclosed sum
The deal is expected to close during the fourth quarter of 2021. With annual revenues of around USD 40 Mn, Toxikon’s strategic location allows Labcorp to further engage with large pharmaceutical companies and biotech firms in the region on non-clinical work, as well as facilitating entry into investigational device exemption (IDE) submissions. Read More>>
Executive Movement
Cerner taps Google Health leader as Chief Communications Officer 
Cerner has appointed Johnny Luu to serve in this new role. The executive appointments come under the leadership of Cerner President and CEO David Feinberg, MD. Luu comes from Google Health, where he has served as director of global communications and public affairs since February 2020. Read More>>
Livio Health names Wendy Wilts as Chief Operating Officer
As Livio Health’s COO, Wilts will serve as the operational leader responsible for all business operations in support of the growth, financial, cost of care, and consumer experience goals within the company’s strategic and annual operating plans. Read More>>
Evernorth names new Chief Medical Officer for Express Scripts 
The company named Christine Gilroy, MD, MSPH, FACP as Chief Medical Officer of Express Scripts, the leading pharmacy benefit manager serving more than one in three Americans. Dr. Gilroy will leverage her deep expertise in building and managing clinical care programs to increase quality, drive affordability and improve value. Read More>>

Key Insights and Signals in Pharmaceutical

Hikma and Winterlight Labs collaborate for PoC Study 
The collaboration will conduct a Proof-of-Concept (PoC) study to validate Winterlight Labs’ speech-based biomarkers for schizophrenia patients in the Arabic language. The first of its kind study in the region is sponsored by Hikma and will be conducted in coordination with leading psychiatric care organizations across four countries in the MENA. Read More>>
Syntegon enters into a strategic partnership with Bayer
The cooperation is based on the Xelum platform developed by the Syntegon subsidiary Httlin, which the partners intend to advance together and establish as a standard in the pharmaceutical industry. Its main advantage and a novelty in continuous pharmaceutical production is the previously unattained precise dosing of active ingredients. Read More>>
Mergers and Acquisition
Novo Nordisk acquires Dicerna for USD 3.3 Bn 
This deal will give Novo Nordisk rights to Dicerna’s GalXC RNAi platform, which is designed to enable access to intracellular disease targets across the hepatic and extrahepatic cell and tissue types. Novo Nordisk and Dicerna entered into a research collaboration in 2019 to develop RNAi therapies via GalXC. Read More>>
Vifor Pharma acquires Inositec
Under the agreement terms, Vifor Pharma will acquire 100% of the shares in Inositec AG, receiving full global rights for the lead asset INS-3001. Inositec will receive an upfront payment of USD 21 Mn and be eligible for success-based clinical earn-out payments in the low triple-digit range.  Read More>>
Executive Movement
Canopy Growth announces strategic leadership changes
Canopy Growth announced strategic changes to its Executive Management Committee with Mike Lee, Executive VP and CFO, and Rade Kovacevic, President, and CPO stepping down from their respective roles and departing from the company. Read More>>

Key Insights and Signals in Medical Devices

 Deals and Deals Renewal
Guerbet Hydra Vision digital imaging system awarded Vizient contract
This contract provides Vizient members nationwide access to Guerbet’s Hydra Vision digital imaging system with negotiated pricing, terms and conditions, and additional support. The Hydra Vision digital imaging system is an X-ray system and flat imaging table, rated to 750-pounds, facilitating digital, radiologic, and fluoroscopic procedures requiring a beam of diagnostic-quality radiation. Read More>>
Fujifilm Healthcare Europe deploys ServiceMax to support outcome-based medical solutions
As part of its move from a product-focused services strategy to outcome-based solutions, ServiceMax is empowering Fujifilm Healthcare Europe to better support hospitals and other medical providers with more personalized solutions and service maintenance as they continue the expansion of treatment and diagnostic capabilities available to patients. Read More>>
Becton Dickinson is advancing its supply chain and the world of health with Kinaxis
Partnering with Kinaxis will empower BD to streamline its multiple SAP and Oracle ERP systems into one platform, gaining transparency and complete visibility across its global supply chain. BD plans to develop better scenario planning and harmonize supply and demand planning and Integrated Business Planning and S&OP to benefit now and ease expansion in the future. Read More>>
Terumo and Diabeloop SA. enter into a strategic partnership to expand their Diabetes care offerings
As part of this agreement, they will work closely to bring Automated Insulin Delivery solutions to Europe with potential further global expansion. Hosted on a dedicated handset, the Diabeloop-developed self-learning algorithm analyzes the data in real-time and decides whether to maintain current insulin settings or adjust insulin delivery. Read More>>
Philips integrates MedChat’s AI to optimize automated patient communication, and hospital workflows
This collaboration adds Medchat’s chatbot services to Philips’ patient management and informatics platform, Patient Navigation Manager. Combined offering allows customers in North America to digitally navigate patients using advanced chatbot services to streamline workflows, quickly resolve patient requests and improve contact center efficiency. Read More>>
Mergers and Acquisition
Coloplast’s USD 2.5 Bn acquisition of Atos Medical 
Coloplast has signed an agreement to acquire Atos Medical, the global market leader in laryngectomy, from PAI Partners. With its attractive growth profile and margin structure, Atos Medical presents a powerful long-term growth opportunity for Coloplast. Read More>>
Bruker announces acquisition of Molecubes NV
With this buyout, Bruker expects to enhance its nuclear molecular imaging (NMI) systems offering and enable widespread adoption of preclinical NMI in academic medical centers and biopharma companies with Molecubes’ CUBES system. The financial terms of the deal were not disclosed. Read More>>
Executive Movement
David Menko appointed as President and CEO of OMRON Healthcare Europe
David Menko succeeds Andr Van Gils, who steps down as CEO for Europe and will continue to lead the global organization in his role of Senior General Manager Global Sales & Marketing, Japan. Most recently, Menko served as the CMO of AkzoNobel since 2015, where he led significant business transformations contributing to the company’s growth in revenue and profit. Read More>>
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Latest Industry Insights from Draup Braindesk

Insights: Eli Lilly and Company 

Focus Areas: 

  • The company focuses on delivering healthcare solutions to providers in medical journals and online healthcare channels, distributing literature and samples of certain products to physicians, and exhibiting at medical meetings. 
  • The company is keen on business development progress to enhance product pipeline and licensing arrangements. 

Key Initiatives: 

  • In collaboration with Boehringer Ingelheim, the company launched the first-ever online game on Cardio-Renal-Metabolic Conditions (C-R-M) for Healthcare Professionals. CRMSynced provides a perspective on how practitioners can work together to improve CRM patient outcomes. 
  • The company partnered with Cipla for diabetes products. As a part of this agreement, Lilly will transfer its rights in India to sell, promote and distribute two Lilly Diabetes products – Humalog and Trulicity to Cipla. 
  • Acquired biotech firm Disarm Therapeutics for an upfront payment of USD 135 Mn. The acquisition expands Lilly’s R&D efforts in pain and neurodegeneration with the addition of Disarm’s promising preclinical SARM1 programs for axonal degeneration. 

Key Funding Alert

BioCryst receives USD 350 Mn in New Funding to expand drug development
BioCryst intends to use the funds to advance BCX9930 toward registration and expand the drug’s development across several indications, including paroxysmal nocturnal hemoglobinuria (PNH) – a rare blood disease. The funding also will support the global launch of ORLADEYO to treat hereditary angioedema (HAE). Read More>>

Startup Spotlight

Company – 858 Therapeutics
Total Funding USD 80.06 Mn
About: 858 Therapeutics is a biotechnology and drug discovery company developing a portfolio of small molecule drugs that act on novel therapeutic targets in oncology, including proteins that regulate RNA and the innate immune response. The company specializes in the area of healthcare services, pharmaceuticals, and biotechnology. Read More>>

Latest Reports Published in Draup

Eli Lilly and Company Account Intelligence Report: Eli Lilly and Company focuses on health care solutions to providers in medical journals and online health care channels, distribute literature and samples of certain products to physicians, and exhibit at medical meetings. Read More>>
Siemens Healthineers Account Intelligence Report: The company focuses on automation by utilizing artificial intelligence smart software assistants that can automatically evaluate CT images of the thorax and identify pathological anomalies. Read More>>
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