Medtronic inks deal with Vizient to boost Surgical Robotics with AI-powered Surgical Solution

Key Insights and Signals – Hospital & Healthcare

Centre Setup and Expansion
Ascension, Encompass Health break ground on USD 26 Mn rehabilitation hospital in Owasso
The ground-breaking ceremony for the project convened dozens of hospital officials and community leaders at the future 7-acre site, which will provide care for local patients recovering from debilitating illnesses and injuries. Read More>>
Prince Charles opened a new cancer therapy center in UCLH
The Therapy Centre was officially opened by the Prince of Wales, at the University College London Hospital (UCLH). Prince Charles is a patron of Macmillan Cancer Support which has invested more than USD 847, 000 into a Living Room for the center. Read More>>
USD 700 Mn in state funding will help Moffitt build a massive cancer complex
The project will serve as a hub for cancer research, education, and patient care. The ambitious plan to build a cancer treatment center and research park in Pasco County received a significant boost from Florida legislators this week. Read More>>
Centene wins contract to serve Medicaid members in Indiana
The recent contract will enable Centene to continue offering Medicaid and Medicaid alternative managed care and care coordination services via its subsidiary to the Hoosier Healthwise and Healthy Indiana Plan members of Indiana. Read More>>
Qatar Rehabilitation Institute partners with Atrium Health Carolinas Rehabilitation
The partnership is aimed at improving the quality of care and outcomes for patients receiving rehabilitation services worldwide. The multi-year collaboration will include the sharing of expertise and information between Carolinas Rehabilitation and QRI. Read More>>
LHCG partners with Archbold Medical Center to improve home health services
This collaboration is crucial in helping patients manage their conditions, avoid unnecessary hospital readmissions, and get the best possible health outcomes in a cost-effective way. Read More>>
Ochsner Health partners with Dr. James Andrews
Building upon Ochsner’s award-winning sports medicine and orthopedic programs, Dr. Andrews will bring his expertise, research, and education platform, Andrews Medicine, to strengthen the best-in-class care for patients and athletes across Louisiana and Mississippi. Read More>>
Executive Movement
Texas Health Resources announces new COO and CXO
Winjie Miao has been named COO of Texas Health Resources and will be joined in the C-Suite by Laura Irvine, who will serve as CXO. The two will work as a team to grow the system and integrate the clinical and customer experiences through innovation. Read More>>
Somerset company CareCloud names new COO
Steve Link will be promoted to Chief Operating Officer, along with three other key promotions and hires. Link brings 30 years of experience in the health care and financial services industries to the position. Previously, he worked for athenahealth and Bank of America. Read More>>
Jefferson Health named new cancer center director
Jefferson Health named Andrew Chapman, DO, the director of the Sidney Kimmel Cancer Centre and executive vice president of oncology services. Dr. Chapman has been serving as the center’s interim director for the last year. Read More>>

Key Insights and Signals in Medical Devices

Centre Setup
Boston Scientific launches second R&D center in Pune
The aim of the new R&D center is to capitalize on the country’s R&D expertise and provide diverse opportunities for engineers and innovators in the country. Spread across 45,000 square feet, the new center will initially employ 170 engineers. Read More>>
Cytiva pumps further USD 47 Mn into Welsh single-use site
Over two years, the company will invest USD 47 Mn into the expansion at the Cardiff site, which has already begun to make flow kits, mixer bags, and tubing assemblies to be shipped to customers at a later date. Read More>>
Stryker invests USD 4.7 Mn to produce its own energy
The largest of its kind among any Stryker facility in the world, the Stryker cogeneration plant in Arroyo aims to achieve and halve energy independence. It will save the Medical Products Company an estimated USD 1.4 Mn annually in electricity costs. Read More>>
Mergers and Acquisition
Eye Designs Group acquires full ownership of its business from VSP Global
Eye Designs had been partially owned by VSP Global since VSPs acquisition of Marchon Eyewear in 2008. Since then, Eye Designs has provided support to VSP Global initiatives, including onsite clinics and the Premier Program. Read More>>
Thermo Fisher Scientific’s acquisition of Max Analytical Technologies
The acquisition complements and expands Thermo Fisher’s FTIR instrument, software, and service offerings and expands the breadth of vibrational spectroscopy solutions and services across a range of market segments. Read More>>
ConvaTec acquires Triad Life Sciences
The Triad team, current portfolio, and product pipeline will now transition to ConvaTec’s Advanced Wound Care (AWC) business and be known as ConvaTec Advanced Tissue Technologies. Read More>>
Medtronic boosts Surgical Robotics Wing with a new deal
The deal with Vizient is expected to broaden Medtronic’s Surgical Robotics business. Vizient will offer its AI-powered surgical video management and analytics platform for the operating room (OR), Touch Surgery Enterprise. Read More>>
GE Healthcare partners with AliveCor, launches a new digital platform at HIMSS
With its two major announcements at the Global Health Conference & Exhibition in Orlando, the company signaled it is aiming to help providers access more in-depth, real-time patient data to improve clinical decision-making and care. Read More>>
Proscia, Siemens Healthineers to expand the global reach of Digital Pathology
Under the agreement, Siemens Healthineers will expand its Enterprise Imaging offering towards the global digital pathology market using Proscias Concentriq Dx platform. Read More>>
Ainnova Tech partners with Boston Scientific to create HealthConnect Platform
The platform is designed to provide timely care through a network of hospitals and physicians allied to the platform as well as effective patient follow-up through allies for lifestyle changes and healthy habits. Read More>>
Executive Movement
Medtronic appoints new Operating Unit Presidents
Que Dallara joins the Medtronic Executive Committee. In this role, Dallara succeeds Sean Salmon, executive VP and President, Cardiovascular Portfolio and Diabetes Operating Unit, who now turns to focus exclusively on leading the Cardiovascular Portfolio. Read More>>

Key Insights and Signals in Pharmaceutical

Centre Setup
Eisai Inc. opens new US Headquarters on ON3 Campus in Nutley
Eisai’s headquarters will bring approximately 800 jobs, and at full capacity, the new facility will accommodate 1,300 employees. The company’s U.S. presence also includes three early-stage discovery research centers, as well as commercial, clinical development, and global demand organizations. Read More>>
Mergers and Acquisition
ProPharma Group announces the acquisition of M Squared Associates
Specializing in devices, biologics, and combination products for a wide range of therapeutic areas and disease spaces, M2 is a highly regarded partner to global medical technology organizations ranging from emerging start-ups to multinational device manufacturers. Read More>>
Pfizer concludes Arena Pharmaceuticals acquisition for USD 6.7 Bn
With the acquisition, Pfizer will gain access to Arena’s portfolio of various treatment candidates being developed for gastroenterology, dermatology, and cardiology areas. Read More>>
Vic strikes mRNA vaccine deal with Pfizer
Drug giant Pfizer has agreed to step up collaborations with Victorian medical researchers on developing mRNA technology. Pfizer’s Comirnaty vaccine, among the earliest approved for use against COVID-19, is based on mRNA. Read More>>
AbbVie inks deal for Neuropsychiatric conditions with Gedeon Richter
Per the terms of the deal, AbbVie will receive worldwide commercial rights to any drug developed under the collaboration, except for regions like Europe, Russia, other CIS countries, and Vietnam, where the drug will be marketed by Richter. Read More>>

Latest Industry Insights from Draup Braindesk

  • Lupin Ltd acquired a portfolio of brands of Anglo-French Drugs & Industries Limited to strengthen the company’s portfolio in the Vitamins, Minerals and Supplements, and CNS segments.  
  • Marico Limited partnered with Ola and HDFC and launched Marico’s Travel Protect and House Protect, a range of surface disinfectants to ensure a safe and hygienic environment for customers and employees. 
  • Symplr’s provider data management software enables every task necessary to quickly and efficiently onboard, prepare, and monitor providers to care for patients safely.

Funding Alert

Atrium Health receives USD 1 Mn donation to advance research at Levine Cancer Institute 
The endowment will help advance medical research leading to earlier detection, novel therapies, improved outcomes, and curative treatments for melanoma through the Levine Cancer Institute’s Immuno-Oncology program. Read More>>

Startup Spotlight

Company – Shasqi
Total Funding USD 64.02 Mn
About: Shasqi’s mission is to enable patients to beat cancer without harming their bodies. Shasqi leverages its proprietary Click Activated Protodrugs Against Cancer (CAPAC) Platform to develop precision-activated oncology therapeutics designed to improve efficacy while decreasing systemic toxicity. Read More>>

Latest Reports Published in Draup

Symplr Account Intelligence Report 
Symplr is focused on deploying advanced healthcare systems to enhance patient monitoring and reduce healthcare costs. Another focus area remains on integrating advanced data management solutions by acquiring healthcare service providers. Read More>>
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