Sanofi acquires Translate Bio; advances the application of mRNA tech in vaccines and therapeutics
Key Insights and Signals – Hospital & Healthcare
Mergers and Acquisition Hinge Health acquires wrnch to track human motion using advanced computer vision Combining motion sensors and computer vision turns Hinge Health’s therapy solution as the most comprehensive on the market. Expanded exercise tracking using computer vision and motion sensors enable the most comprehensive range and measurement of full-body exercises, including yoga and aerobics. Read More>> Aspirus finalizes acquisition of Ascension Wisconsin facilities and patients The purchase includes seven hospitals, 21 clinics, and almost 3,000 employees that transitioned from Ascension Wisconsin to Aspirus Health. Aspirus intends to keep all providers the same, with only significant differences occurring in services. Read More>> Foretenova completes sale of Aviva polyclinics to Provectus Capital Partners With this transaction, Fortenova group completes the process of divesting units that are not part of its core businesses. The company did not elaborate on the value of the deal. Aviva polyclinics has more than 80 employees and services over 40,000 patients being in the market for longer than 40 years. Read More>>Partnership Northwell Health and Walgreens announce strategic agreement Northwell Health and Walgreens have signed a five-year strategic affiliation to improve the health of populations and advance health equity throughout New York State. The companies are also exploring a retail health clinic collaboration at select Walgreens store locations throughout the tri-state area. Read More>> Eastern Health partners with Allscripts to further Healthcare Innovation Eastern Health and Allscripts will proactively seek out ideas and initiatives to enhance the development of innovative solutions while also creating the opportunity to generate revenue for Eastern Health. Further, Eastern Health will support focused healthcare information technology advancement and collaboration with Allscripts. Read More>>Executive Movement Guthrie officially welcomes the new President & CEO Dr. Edmund Sabanegh is the system’s new President and Chief Executive Officer. Sabanegh joins the organization after more than a decade of leadership at the Cleveland Clinics as President of the health system’s main campus and regional hospitals. Read More>> Banner Health taps Atlantic Health System exec as President, COO Banner Health named Amy Perry President and chief operating officer with the former Atlantic Health System exec preparing to assume the new role on November 1. During her four years at Atlantic Health, Perry helped the system achieve record-setting quality and financial results and led the expansion of medical education and research revenue. Read More>> Zane Burke joins Quantum Health as CEO Quantum Health, the industry leader in healthcare navigation and care coordination, has named Zane Burke as the new Chief Executive Officer and member of the company’s Board. Burke assumes the role from the Founder and CEO, Kara Trott, who continues in her leadership role as Board Chair and will assist in a seamless transition. Read More>> DaVita welcomes Dr. Gregory Moore to its Board of Directors Dr. Moore brings nearly 20 years of healthcare experience to the Board. Dr. Moore is an industry thought leader, driving innovation to enable access to care and digital transformation toward a more transparent, interoperable, and AI-driven foundation for health care delivery. Read More>> Johanna Rastad appointed President and CEO of Humana The Board of Humana has appointed Johanna Rastad as the new President and CEO of Humana AB. Rastad started work at Humana in 2018 when she assumed the role of business development manager. Before joining Humana, Johanna has several years of operational experience in leading healthcare industry positions, including at Team Olivia and Kry. Read More>>Deals and Deal renewals Cerner nets USD 134 Mn to continue deploying EHR at VA centers The Department of Veterans Affairs has allocated USD 134 Mn to Cerner to continue deploying its electronic health record at VA medical centers. The funding will go toward deployment activities at the Louis Stokes Cleveland VA Medical Center and the John D. Dingell VA Medical Center in Detroit. Read More>> Reid Health picks SullivanCotters for transparency in Physician Pay and Performance SullivanCotter has partnered with Reid Health to implement its comprehensive Provider Performance Management Technology (PPMT). Along with providing increased transparency, PPMT has reduced compensation planning and administrative challenges by automating Reid Health’s complex provider compensation contract calculations and notifications. Read More>>Partnership Google, ProMedica team up with IncludeHealth to tap into growing virtual MSK market- Google and ProMedica Health Systems are jumping into the rapidly growing virtual care market to get a piece of the USD 213 Bn spent annually on musculoskeletal care. The two companies are partnering with IncludeHealth to launch a musculoskeletal (MSK) operating system that any provider can use to offer integrated virtual physical care for MSK patients. Read More>> Switch Health integrates its AuraPass with IBM’s Digital Health Pass Switch Health is teaming up with IBM to integrate its AuraPass with IBM Digital Health Pass to expand AuraPass’ capabilities to generate and verify COVID-19 health credentials. AuraPass combined with IBM Digital Health Pass will be compatible with Canadian and international protocols to help facilitate the safe return to travel. Read More>> Teladoc integrates with Proximie’s Virtual Operating Room Platform Proximie’s virtual operating room capabilities will become a part of Teladoc’s Solo ecosystem for hospitals and health systems as part of the integration. The combined capability allows multiple stakeholders within the healthcare ecosystem to connect into operating rooms and diagnostic labs to enable virtual surgical mentoring, proctoring, technical expertise, and support. Read More>> Mayo Clinic and Google Research developed AI-Powered Neurostimulation Mapping to treat chronic pain The conditions that neurostimulation could potentially manage are anxious depression, chronic pain, and even abnormal bladder illness. Neurostimulation’s treatment method uses electrical pulses to the specific brain regions correlated to each of the target conditions. Neurostimulation is a practical approach to treating conditions that are linked to the brain. Read More>>
Key Insights and Signals in Pharmaceuticals
Mergers and Acquisition Beximco Pharma inks Sanofi acquisition deal Beximco Pharmaceuticals Ltd. has entered into a share purchase agreement to acquire 54.6% shares of Sanofi Bangladesh, a multinational drug-maker. The Bangladesh government holds the remaining 45.4% shares of Sanofi Bangladesh through the Bangladesh Chemical Industry Corporation (BCIC) and the Ministry of Industry. Read More>> Roche acquires TIB Molbiol to expand its portfolio Despite no financial details of the deal being announced, Roche has agreed to obtain 100% of the outstanding shares of the TIB Molbiol Group, which is expected to close in the fourth quarter of 2021. The acquisition enables Roche to expand its portfolio of in vitro diagnostic assays for its LightCycler PCR instruments. Read More>> Sanofi acquires Translate Bio to accelerate the application of mRNA in vaccines and therapeutics The acquisition adds a critical pillar to the company’s mRNA Center of Excellence which aims to unlock the potential of next-generation mRNA vaccines and other strategic areas such as immunology, oncology, and rare diseases. Read More>>Partnership GSK teams up with Kings College to use AI in fighting cancer GSK has struck a five-year partnership with Kings College London to use AI in developing personalized treatments for cancer by investigating the role played by genetics in the disease. The partnership will use GSKs cancer drugs and initially focus on solid cancers such as thoracic malignancies and gastrointestinal cancers. Read More>> OPKO Health (OPK) forms a Joint Venture, establishes presence in China OPKO Health formed a joint venture with LeaderMed Health Group to develop, manufacture and commercialize two of OPKO Health’s clinical-stage, long-acting drug products in Greater China and eight more Asian regions. Apart from this, OPKO Health will receive an upfront payment of USD 1 Mn and the reimbursement for clinical trial material and technical support. Read More>>Executive Movement Orchard appoints a new Chief Technical Officer Gene therapy biotech Orchard Therapeutics has picked Nicoletta Loggia as Chief Technical Officer after a 17-year career at the Swiss pharma. Loggia previously served as global head of cell and gene therapies for Novartis. Orchard’s previous CTO, Ran Zheng, left to be CEO of Landmark Bio in July. Read More>>Deals and Deal renewals Biocon Biologics, Serum Institute Life Sciences join hands Under the terms of the agreement, Biocon will offer approximately 15% stake to Serum Institute Life Sciences, at a post-money valuation of USD 4.9 Bn, for which it will get committed access to 100 million doses of vaccines per annum for 15 years, primarily from SILSs upcoming vaccine facility in Pune. Read More>> Medial EarlySign signs deal with Roche to develop AI-enabled cancer detection tool The pair will develop, clinically validate, and then commercialize the product as part of the collaboration agreement. Initially, the companies will focus on the gastric cancer space. The clinical decision support tool will use EarlySigns software that incorporates lab results, EHR data, and other clinical care. Read More>>
Key Insights and Signals in MedTech
Mergers and Acquisition Stryker completes acquisition of Gauss Surgical for AI-powered Medical Device Gauss Surgical has developed Triton, an artificial intelligence-enabled platform for real-time monitoring of blood loss during surgery. Triton has demonstrated improvements in maternal and surgical care through earlier recognition of hemorrhage leading to earlier intervention. Read More>> Omnicell completes acquisition of FDS Amplicare The acquisition adds a comprehensive and complementary suite of SaaS financial management, analytics, and population health solutions to Omnicell’s EnlivenHealth division. The addition of FDS Amplicare’s differentiated financial management, analytics, and population health solutions, along with its nationwide network of more than 15,000 independent retail pharmacies, expands EnlivenHealth’s broad industry footprint. Read More>>Partnerships Fresenius Medical Care partners with JMS to advance Home Dialysis treatment in Japan Under the agreement, JMS Co. Ltd will distribute the advanced portfolio of Fresenius Medical Care’s home dialysis systems in Japan, including automatic peritoneal dialysis system. Through its network of more than 4,100 dialysis clinics, Fresenius Medical Care provides dialysis treatments for approximately 346,000 patients around the globe. Read More>>Executive Movement NuVasive names two execs as CCO and CTO NuVasive has appointed Massimo Calafiore to Chief Commercial Officer and Ryan Donahoe to Chief Technology Officer. Calafiore has held various leadership roles with NuVasive since joining the company in 2017. Calafiore will now oversee the product marketing, commercial, and commercial enablement functions, and Donahoe will continue to lead spine research and development. Read More>>Deals and Deal renewals Thermo Fisher awarded USD 195.5 Mn contract to meet diagnostics, bioprocessing demands The contract with the U.S. Department of Defense will ensure reliable domestic production of the pipette tips, which are used to dispense precise amounts of liquid. The company will co-invest with the U.S. government to build a new manufacturing facility at an undisclosed location in North Carolina. Read More>> Fujifilm launches project to verify the effectiveness of AI tech Fujifilm Corporation has launched a project for verifying the efficacy of its AI technology that assists diagnostic imaging in India as a new initiative in the company’s health screening service business for emerging countries. Read More>>
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Latest Industry Insights from Draup Braindesk
The Middle East Healthcare Industry aims at delivering differentiated insights and experience using digital innovation and operational solutions to improve its healthcare offerings.
Aster DM Healthcare and Roche Diagnostics have signed an MoU to provide the latest healthcare solutions for preventing, diagnosing, and treating a range of diseases.
Middle East Healthcare Company partnered with Philips to provide Sleep Disorders management services to help patients manage their sleep problems through an integrated diagnostic and therapeutic program.
The Middle East Healthcare Industry looks towards automation, application modernization, and infrastructure landscape to make it lean and agile with an optimized cost blueprint.
Vezeeta has partnered with TEAMFund to create a B2B SaaS solution to help healthcare organizations improve their patients’ health experiences using a digital-first approach.
LGM Pharma has acquired the pharmaceutical development & manufacturing unit of Nexgen for providing a comprehensive solution to accelerate and optimize the new product pathway.
Altibbi has launched Altibbi Mama App, which ensures healthy and safe pregnancy and enables 24/7 medical inquiries through voice calls or texts.
Key Funding Alert
Patient monitoring startup Doccla secures USD 3.3 Mn seed funding for ‘virtual wards’ platform
The company allows hospitals to predict when beds will be freed up by monitoring patients remotely via wearable medical devices. The cash raised will be used to invest in its technology and integrate further with the medical wearables and journal record systems. It also plans to expand into European healthcare markets. Read More>>
Startup Spotlight
Company – Synapsica Total Funding– USD 4.2 Mn About: Synapsica is a health tech and teleradiology firm that provides AI-enabled automation of diagnostic radiology workflow and reporting. The company uses NLP, computer vision, and deep learning-based software products to assist diagnosis in X-Ray, CT, and MRI scans. Synapsica’s goal is to improve reporting efficiency in terms of quality, time, and cost. Read More>>
Latest Reports Published in Draup
10x Genomics Account Intelligence Report: 10X Genomics focuses on launching Chromium Single Cell Immune Profiling v2 product to support fundamental breakthroughs in immunology, oncology, transplant biology, and infectious diseases. Another focus area is on providing Gene Expression solutions to offer customers the ability to link a cell’s epigenetic program to its transcriptional output. Read More>>
Bio-Rad Laboratories Account Intelligence Report: The company is focused on developing new solutions and tools for COVID-19 and SARS-CoV-2 detection and digital platforms for advisory services. Another focus area is on developing digital platforms to enhance the research across various antibodies, laboratory trials, data management, and the development of diagnostic products. Read More>>
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