USA – In a shift from its usual acquisition strategy, Stryker, a leading medical device company, has announced the sale of its U.S. spinal implants business to Viscogliosi Brothers (VB), an investment firm specializing in neuro-musculoskeletal solutions. This division will now operate as part of a newly formed company called VB Spine. Additionally, the deal […]
USA – Zimmer Biomet, a global leader in musculoskeletal healthcare, has announced plans to acquire Paragon 28, a medical device company specializing in foot and ankle orthopedic solutions. The deal, valued at approximately US $1.2 billion, will involve Zimmer Biomet purchasing all outstanding shares of Paragon 28 at US $13 per share in cash. Founded […]
IRELAND – GE HealthCare has announced a significant US $138 million investment to expand its contrast media manufacturing site in Carrigtohill, Cork, Ireland. This new facility, to be built on the current site, will increase production capacity, enabling 25 million more patient doses of contrast media each year by 2027. This expansion aims to meet […]
U.K. – The National Health Service (NHS) has unveiled a groundbreaking trial to test artificial intelligence (AI) tools in breast cancer screening, aiming to detect the disease earlier and save lives. Nearly 700,000 women will be invited to participate in this trial, called the EDITH (Early Detection using Information Technology in Health) study, which was […]
USA – US pharmaceutical trade organizations are cautioning that new tariffs, such as the 10% levy on Chinese imports, could significantly impact the healthcare sector by increasing drug costs, disrupting supply chains, and worsening existing drug shortages. These concerns were raised by the Association for Accessible Medicines (AAM), which represents generic and biosimilar medicine manufacturers, […]
USA – Thermo Fisher Scientific has introduced the Orion Pro Star electrochemistry bench meter series, a cutting-edge solution designed to deliver precise and reliable results for a variety of industries. With advanced features and a user-friendly interface, these meters aim to make electrochemistry testing easier and more efficient. The Orion Pro Star series has been […]
USA – Pfizer recently received accelerated approval from the FDA for its combination therapy based on Braftovi (encorafenib) to treat colorectal cancer, and new survival data may soon lead to full approval. The combination therapy includes Braftovi, Eli Lilly’s Erbitux (cetuximab), and chemotherapy, specifically targeting patients with BRAF V600E-mutated metastatic colorectal cancer. Results from the […]
NETHERLANDS – The European Medicines Agency (EMA) has taken a significant step in the fight against chikungunya, with its human medicines committee recommending approval for Bavarian Nordic’s vaccine, Vimkunya. This vaccine is set to become the first option in the EU to protect both adolescents (from the age of 12) and adults against chikungunya, a […]
SWITZERLAND – At a recent World Health Organization (WHO) executive board meeting, member states showed strong support for the organization despite the United States’ decision to withdraw. However, many countries urged diplomatic efforts to encourage the US to reconsider its exit. Israel, a close ally of the US, pointed out that while the loss of […]
USA – AbbVie is recalibrating its approach to its schizophrenia treatment, emraclidine, after it failed two Phase II trials in late 2024. The company has decided to focus on developing emraclidine as an adjunct treatment, meaning it will be combined with existing therapies for schizophrenia, rather than pursuing it as a stand-alone therapy for now. […]
AUSTRALIA – AdvanCell, an Australian radiopharmaceutical company, has raised US $112 million in a Series C funding round, backed by Sanofi Ventures, as it progresses its lead candidate through a clinical trial for prostate cancer. This investment will help the company take its promising treatments closer to commercialization. The core of AdvanCell’s technology is its […]
USA – Thermo Fisher Scientific is set to lay off 300 employees at two of its Massachusetts facilities as the company restructures its viral vector production network. The layoffs, which will take effect on March 30, were revealed in a Massachusetts Worker Adjustment and Retraining Notification (WARN) last week. These cuts will affect workers at […]
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