Key Insights and Signals – Hospital & Healthcare
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Deal
Lee health selects b.well to power a unified digital healthcare experience
The partnership aims to create a more personalized care experience for patients by consolidating their health information into a single interface. Read More>>
Partnerships
Amwell partners with DarioHealth to offer a digital cardiometabolic health program
The goal of the partnership is to provide digital cardiometabolic health programs and improve patient outcomes, reduce hospitalizations, and lower costs. Read More>>
Lirio and Cone Health announce a Strategic Partnership
The partnership aims to enhance the healthcare experience, reduce readmission rates, and lower healthcare costs for Cone Health while prioritizing patient needs. Read More>>
Centre Setup and Expansion
Infirmary Health opens a new Cancer Care Oncology Infusion Center in Malbis
The Infusion Center is able to seat up to 12 patients at any given time and serve up to 36 patients a day. It houses four medical oncologists and three advanced practitioners. Read More>>
Virtua Health opens urgent care in Mullica Hill
The center will offer urgent care services such as treatment for minor illnesses and injuries, physical exams, and immunizations and provide patients with quality, cost-effective care. Read More>>
Merger and Acquisition
CVS Health completes acquisition of Signify Health
This move allows CVS Health to expand its healthcare offerings and integrate Signify Health’s capabilities into its existing business operations. Read More>>
Executive Movements
Cleveland Clinic London appoints physician as President
Dr. Brian Donley has served in leadership roles at the Cleveland Clinic in Ohio for over 30 years and will now oversee the operational and clinical aspects of the London business. Read More>>
Lonnie Cramer appointed as next President and CEO of UCHealth’s Pikes Peak hospitals
Cramer previously served as the president and CEO of St. Mary-Corwin Medical Center in Pueblo, Colorado, and brings over 20 years of healthcare leadership experience. Read More>>
Financial and Market Activity
Canopius declares a USD 25 Mn loss
The loss is largely related to a negative investment return of USD 80 Mn. However, the company saw an increase in gross written premiums, which rose to USD 2.2 Bn in 2022. Read More>>
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Key Insights and Signals in Medical Devices
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Partnership
Fujifilm Philippines, Shinagawa tie-up for healthcare
The companies have partnered to provide a comprehensive eye and hearing health program for their customers in the form of advanced healthcare technologies. Read More>>
Executive Movements
Alexandra Gatzemeyer joins the Executive Board of Sartorius
In her new role, Gatzemeyer will be responsible for developing and executing the company’s strategy for its lab products and services, which include bioprocess solutions and lab instruments. Read More>>
STAAR Surgical names Warren Foust as COO
Foust brings a wealth of experience and will help drive the company’s growth. Most recently, Warren Foust served as Worldwide President at Johnson & Johnson Vision, Surgical. Read More>>
Layoff
Cardinal Health to close the Moberly plant
The decision will result in the loss of over 400 jobs. The company cited changing market conditions and the need to improve efficiency as the reasons for the closure. Read More>>
Financial and Market Activity
Bioventus Reports Q4 and FY2022 Financial Results
The company’s net sales for Q4 were USD 125.8 Mn, down USD 4.6 Mn YoY, while the net loss for the same period was USD 44.9 Mn, compared to a net loss of USD 1.9 Mn in the prior-year period. Read More>>
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Key Insights and Signals in Pharmaceutical
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Deal
Adare Pharma Solutions picks Vantage to lead Major Packaging Facility Upgrade
The upgrade will enable Adare to expand its capabilities and improve efficiency, and better serve its client’s needs at the packaging facility in Philadelphia, PA. Read More>>
Partnerships
Novartis taps Bicycle Therapeutics to develop radiopharmaceutical drugs for cancer
The collaboration will focus on developing Bicycle’s proprietary peptide-based drug conjugate platform and leveraging Novartis’ expertise in radiopharmaceuticals. Read More>>
Macomics signs collaboration deal with Ono Pharmaceutical
Macomics has entered a research collaboration with Ono Pharmaceutical to develop novel cancer immunotherapies using Macomics’ Fc-optimized macrophage platform. Read More>>
Mergers and Acquisitions
ADVANZ PHARMA acquires Intercept Pharmaceuticals, Inc.
The acquisition will strengthen Advanz Pharma’s portfolio of specialty pharmaceutical products and expand its global presence rapidly. Read More>>
Pfizer acquires ADC pioneer Seagen for USD 43 Bn
With this acquisition, Pfizer focuses on developing antibody-drug conjugates for cancer treatment. It aligns with Pfizer’s strategy to expand its oncology portfolio in the market. Read More>>
Executive Movement
Virbac boosts its commercial development in the United States
Virbac appointed Giovanni Abruzzini as the new President and CEO of Virbac North America. His role will be to grow the company’s commercial activities using Virbac’s strategies. Read More>>
Mass Hiring
Pharmaron to create 174 Liverpool jobs after securing USD 187 Mn investment
The new facility will focus on early-stage drug discovery and development and will support Pharmaron’s global expansion plans, as well as add nearly 174 employees to its workforce. Read More>>
Financial and Market Activity
Biote Reports Q4 and FY 2022 Financial Results
The company’s revenue for Q4 2022 was USD 44.5 Mn, an 18.5% increase from the same period in 2021. The gross profit margin for Q4 2022 was 65.3%, slightly up from 64.0% in Q4 2021. Read More>>
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Latest Industry Insights from Draup Braindesk
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Key Focus Areas:
Breathing Assistance Medical Devices
- Wipro 3D partnered with GenWorks Health to bring affordable breathing assistance medical devices to Tier 2 and Tier 3 towns in the country.
Quality Management Solutions
- Wipro partnered with ComplianceQuest to develop transformative quality management solutions for the medical devices and life sciences industries.
Genetic Testing Portfolio
- Wipro partnered with Avesthagen Limited to launch a Genetic Testing Portfolio for Cancers, Neurological and Rare Diseases, including genome panels for disease-centric analysis of multiple conditions.
Revolution Aspire CT Scanner
- Wipro GE Healthcare’s next-generation Revolution Aspire CT (Computed Tomography) scanner improves clinician confidence in illness and anomaly diagnosis.
- Wipro intends to develop human applications for diagnostic or treatment purposes to be used for daily patient care.
- Wipro focuses on the highest patient safety standards worldwide while boosting training efficiency, lowering costs, and increasing customer satisfaction.
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Key Funding Alert
Wellvana Health raises USD 84 Mn from Memorial Hermann, Valtruis, and others
The funding will be used to support the growth and development of Wellvana’s clinical network, technology infrastructure, and administrative support services. Read More>>
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Startup Spotlight
Company – Lunaphore
Total Funding – USD 94.47 Mn
About: Lunaphore offers solutions based on a chip technology that can extract spatial proteomic and transcriptome data from tumors and other tissues. This process transforms any assay into multiplex spatial biology with an easy-to-use interface. Read More>>
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Latest Reports Published in Draup
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Bio-Rad Laboratories, Inc. – Account Intelligence Report
Bio-Rad Laboratories focuses on developing Customer Support by introducing Chatbots with detection systems and using AI and ML to answer basic queries. Read More>>
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