This week in Healthcare: Samsung repurposes older smartphones into medical diagnosis cameras

Latest Industry Insights from Draup Braindesk

Digitization across the healthcare industry has helped health service providers create a critical infrastructure that focuses on patients’ needs.   
  • UC Davis Health is actively engaged with digitizing its offerings to provide patients with clinical platforms, remote monitoring systems, and digital telehealth solutions to enhance their patient care system.   
  • VUMC is digitizing its operations such as Blockchain-based health records and virtual assistants and focuses on sensors-based solutions that help early detection and diagnosis using AI and monitoring devices.  
  • Michigan Medicine focuses on Robotic Surgery, Artificial Intelligence, and Data Analytics. 

Latest Reports Published in Draup

Quest Diagnostics Account Intelligence Report: Quest Diagnostics seeks to enhance its diagnostics information services through integration of technologies by strong peer partnerships. Read More>>
Agilent Technologies Account Intelligence Report: Agilent strengthens its potential across cell analysis technology, pathology solutions, and smart monitoring systems to digitize the laboratory facility. Read More>>

Key Funding Alert

Insurtech startup, Nova Benefits has raised $1 million in fresh funding   
The company will use the capital to integrate with insurance and human resource management companies to co-create new categories of health insurance products and expand its engineering and business development teams. Read More>>

Startup Spotlight

Company – 100Plus 
HQ Location –  San Francisco Bay Area, USA
Total Funding – USD 38.75 Mn
About: 100Plus is the fastest-growing remote patient monitoring platform empowering doctors to manage their chronic patients remotely and proactively engage them to avoid expensive, episodic care and drive a higher quality of life. Read More>>

Key Insights and Signals in Providers –
Hospital & Healthcare

Parexel and Veeva partner to accelerate clinical trials 
The unique collaboration combines the best of each company’s experience across thousands of studies worldwide – Parexel as a leading clinical research organization (CRO) and Veeva as the technology innovator powering trials – to improve study efficiency and get new therapies to patients faster. Read More>>
Ascension Healthcare announces partnership with Grand Meadows 
The partnership will help launch joint support technology NANOFLEX in US Animal Healthcare market. Read More>>
Relay Medical and Fio Partner with LifeLabs, Canadian Healthcare Leader, to deploy Fionet Platform for COVID-19 testing nationwide 
LifeLabs is Canada’s largest provider of specialty laboratory testing services, laboratory diagnostic information and digital health connectivity systems, enabling patients and healthcare practitioners to diagnose, treat, monitor, and prevent disease. Read More>>
Smiths Medical partners with Parkview Health to enhance patient and clinician safety  
Parkview Health’s integration of the Smiths Medical PharmGuard® Infusion Management System enables smart pump programming and auto-documentation to improve safety. Read More>>
Mergers and Acquisitions
Korian acquires ITA Mental Health 
Following its acquisition of Inicea in October last year, Korian is now the third-largest mental healthcare group in both France and Spain. Read More>>
Sanofi acquires biotech company Tidal Therapeutics for USD 470m 
The mRNA-based approach for in vivo reprogramming of immune cells will aid in expanding Sanofi’s research capabilities in immuno-oncology and inflammatory diseases. Read More>>
Bright Health acquires Zipnosis, enters telehealth market 
The acquisition aims to lower healthcare costs and expand access to quality care. Read More>>
Vizient completes acquisition of Intalere, expands its supply chain capabilities 
This acquisition enhances Vizient’s position as the leader in serving the health care supply chain and enables it to further meet the growing needs of its diverse membership and customer base, which includes academic medical centers, health systems, community hospitals, rural hospitals and ambulatory care providers. Read More>>
Executive Movement
Baylor Scott & White names new CFO 
Ms. Jennifer Mitzner most recently served as executive vice president of Newport Beach, Calif.-based Hoag Health, as well as CEO of its Hoag Orthopedic Institute. Read More>>
Jim Pursley named Hinge Health’s president 
Pursley has been an advisor to Hinge Health since 2017. In his most recent role as Livongo Health’s Chief Commercial Officer, Pursley helped to grow Livongo into the world’s “leading consumer-focused chronic condition management company.” Read More>>
Kaiser Permanente names Diane Comer as chief information technology officer  
Comer, who has served as interim chief information officer since June 2020, will report directly to Kaiser Permanente chair and chief executive officer Greg A. Adams. Read More>>

Key Insights and Signals in Pharmaceuticals 

Lonza to make Junshi Biosciences antibody at China facility 
Under the agreement, Lonza will provide support to develop and manufacture current and future antibody-based products in Junshi Biosciences’ pipeline with both firms aiming to advance the products into international markets. Read More>>
Centogene extends partnership with Takeda
As part of the agreement, which has been extended until March 2022, Centogene will continue providing access to genetic testing to patients around the world. Read More>>
Novartis, Artios cancer discovery deal worth up to $1.3bn 
The collaboration centers on development of precision cancer treatments, through discovery and validation of next-generation DNA damage response targets. Read More>>
Roche’s mySugr app to integrate with Novo Nordisk’s smart insulin pens 
Patients will be able connect the mySugr Logbook to their smart-pen device in order to create more data set and reports with more insights. Read More>>
Bridgebio Pharma’s affiliate Qed Therapeutics and Helsinn Group announce $2.45 billion strategic collaboration  
Under the terms of the agreement, QED and Helsinn will co-commercialize infigratinib in oncology indications in the U.S. Helsinn will have exclusive commercialization rights and lead commercialization for infigratinib in non-skeletal dysplasia indications outside of the U.S., excluding Greater China. Read More>>
Mergers and Acquisitions
Avantor’s €890 million acquisition of Ritter GmbH and its affiliates 
Based in Schwabmünchen, Ritter GmbH is the fastest-growing manufacturer of high-quality robotic and liquid handling consumables. These mission-critical consumables are used in a variety of molecular screening and diagnostic applications as well as in drug discovery and clinical trial testing in pharma and biotech applications. Read More>>
Karo Pharma acquires brand portfolio from Teva Pharmaceuticals 
The transaction transfers ownership of the brand portfolio, comprised of Flux®, Decubal®, Lactocare®, Apobase®, Dailycare® and Fludent® from Teva to Karo. Read More>>
Servier completes acquisition of Agios Pharmaceuticals’ oncology business 
The acquisition immediately strengthens Servier’s commercial presence in the U.S. malignant hematology market and provides the potential for long-term growth into the solid tumor space. Read More>>
Sanofi acquires biotech company Tidal Therapeutics for $470m
The mRNA-based approach for in vivo reprogramming of immune cells will aid in expanding Sanofi’s research capabilities in immuno-oncology and inflammatory diseases, as well as its extended applicability in other disease areas. Read More>>
Executive Movement
Novo Nordisk Pharmatech’s new CEO has a head start 
Ulla Grove Krogsgaard Thomsen, the new CEO at Novo Nordisk Pharmatech A/S, comes with a strong background in Research & Development and Product Supply within Novo Nordisk A/S. Read More>>
Cardinal Innovations names new chief medical officer
John A. Johnson will lead medical and behavioral health management and have oversight for all clinical activities, including pharmacy, quality management, and the proper provision of services to members. Read More>>
Bayer promotes Beth Roden to head of US communications 
In the newly created senior VP role, Roden is responsible for overseeing divisional and corporate communications in the US for the agriculture, healthcare and consumer health giant. Read More>>
Novartis names legal chief from AbbVie Amid Pharma shuffle 
Karen Hale will officially join Novartis, based in Basel, Switzerland, on May 15 after eight years with AbbVie, including a six-year stint as chief ethics and compliance officer. Read More>>
Covid-19 drugmaker Eli Lilly appoints new compliance chief 
Alonzo Weems currently deputy general counsel, will take the top compliance post over from Melissa Barnes upon her retirement on June 27 after more than 26 years with the company. Read More>>
Centre setup and Expansion
Merck ups single-use product assembly with $30m expansion in France  
With the €25 million ($30m) investment, the company is accelerating its European expansion plans for this key technology, which is used to produce COVID-19 vaccines and other lifesaving therapies. Read More>>
Eisai Medicine Innovation Technology Solutions to launch in Japan 
Through these efforts, Eisai aims to improve the technological capabilities and knowledge of formulation research functions and become a base for transmitting innovations, technologies, and solutions related to formulations. Read More>>

Key Insights and Signals in MedTech

Biognosys announces strategic agreement with Siemens Healthineers 
The strategic agreement enables discovery of novel biomarkers via the HRM technology followed by translation into validated biomarker assays for potential clinical applications. This may include clinical trials usage and In Vitro Diagnostics development programs. Read More>>
Aetna, Fresenius partner on value-based kidney care for Medicare Advantage members   
Through the partnership, the companies will align reimbursement with quality benchmarks and cost reductions for MA members, and they’re working together to develop metrics tied to Centers for Medicare & Medicaid Services measures to manage ESRD care. Read More>>
Samsung’s EYELIKE™ Fundus Camera repurposes Galaxy smartphones to improve access to eye care    
The Galaxy Upcycling program repurposes older smartphones into medical diagnosis cameras, helping underserved populations in Vietnam, India, Morocco and Papua New Guinea. Read More>>
Thermo Fisher Scientific, Mayo Clinic partner on new diagnostic tools    
The partnership will accelerate clinical validation and commercialization of certain NGS, mass spectrometry and immunology diagnostic tools. Read More>>
Cardinal Health partners with FourKites to build cognitive supply chain    
FourKites’ superior tracking and analytics capabilities will help Cardinal Health optimize supply chain operations and enable a fast, reliable and frictionless experience for the 29,000 pharmacies and nearly 90 percent of American hospitals that depend upon Cardinal Health for critical supplies. Read More>>
Anthem teams up with K Health and Blackstone Growth for digital-first health tech JV     
Hydrogen Health will leverage K Heath’s AI technology to bring digital-first healthcare to employers, insurers, and the public. Read More>>
Relay Medical and Fio Partner with LifeLabs, Canadian Healthcare Leader, to deploy Fionet platform for COVID-19 testing nationwide     
The Fionet Platform enables fast, scalable, quality-controlled testing and real-time automatic digital results for electronic reporting. Each Fionet device processes approximately 60 tests per hour at the point of need. FRR’s business model is a fee for each test processed through its platform. Read More>>
Israel’s Aidoc, Radiology Partners join to boost AI use in medical imaging in US      
Aidoc’s AI-based software analyzes medical images and notifies radiologists of unusual findings, to assist with caseload. The partnership with RP offers the opportunity to further develop and refine tools across a heterogeneous portfolio of care sites across 30 states, the largest collection of real-world radiology data available in the US. Read More>>
Mergers and Acquisitions
Thermo Fisher Scientific snaps up PPD in $17.4b acquisition deal  
This acquisition will enable Thermo Fisher Scientific to provide customers with important clinical research services and partner with them in new and exciting ways from moving a scientific idea to an approved medicine quickly, reliably and cost effectively. Read More>>
Agilent completes acquisition of Resolution Bioscience, expands role in fast-growing NGS market for precision oncology
The addition of Resolution Bioscience’s liquid biopsy-based diagnostic technologies strengthens Agilent’s offerings to biopharma and clinical diagnostics customers and boosts growth opportunities in the company’s diagnostics and genomics business. Read More>>
Siemens Healthineers completes acquisition of Varian 
The transformative combination accelerates the company’s impact on global healthcare and establishes a strong partner for customers and patients along the entire cancer care continuum and for many of the most threatening diseases. Read More>>
Bioventus acquires Bioness 
Bioness solutions incorporate “functional electrical stimulation (FES) systems, robotic systems and software based therapy programs providing functional and therapeutic benefits for individuals affected by central nervous system disorders and orthopedic injuries.” Read More>>
Executive Movement
Ivan Tornos now chief operating officer at Zimmer Biomet 
Tornos will continue to report directly to Bryan Hanson, President and CEO, and will be responsible for overseeing all global businesses at Zimmer Biomet, as well as leading the global operations, clinical and medical education and global R&D and New Product Development functions. Read More>>
Vivek Kanade named Managing Director of Siemens Healthcare 
Kanade will continue to lead the business for Siemens Healthineers India including manufacturing, sales and distribution, strategy for ‘Zone India’, comprising of neighboring countries — Bangladesh, Nepal, Sri Lanka and the Maldives. Read More>>
Google exec joins SeaSpine following $110M acquisition 
Shweta Singh Maniar will help guide SeaSpine’s thinking as it leverage 7D’s advanced, machine-vision-based registration algorithms to expand its presence beyond the operating room. Read More>>
Dexcom promotes Jereme Sylvain to chief financial officer 
Sylvain is an accomplished executive with more than 20 years of experience in corporate finance and accounting roles at leading medical technology companies. Read More>>
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