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Home » Newsletters » BioWorld MedTech

BioWorld MedTech

Jan. 10, 2022

View Archived Issues
Acquisition target

Owens & Minor hits ‘home’ run with $1.45B acquisition of Apria

Owens & Minor Inc. (O&M) sent Apria Inc. shares out of the ballpark with the announcement of its acquisition of the at-home health care company for $1.45 billion in cash early this morning. Apria’s stock (NASDAQ:APR) closed Friday at $29.72, opened today at $37.16 and rose incrementally throughout the day to close at $37.48. O&M’s stock (NYSE:OMI) ended the week at $45.08; it ebbed sharply to $40.19 on the news before recovering to $45.35 at the end of the trading day. Read More
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Medtronic acquires Affera in nearly $1B deal

Medtronic plc continued its aggressive acquisition strategy today with the announcement of an agreement to purchase Affera Inc. Medtronic Chairman and CEO Geoff Martha revealed in a presentation on Jan. 10 at the virtual edition of the J.P. Morgan Healthcare Conference that his company was paying $925 million for the cardiac mapping and navigation company. The total reflects $250 million in payments assuming Affera meets “contingent considerations.” Read More
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FDA posts device shortage draft guidance, with ‘meaningful disruption’ a key term

The FDA has posted a draft guidance responding to changes in the law regarding device shortages during public health emergencies. The guidance says that manufacturers should advise the FDA of any impending shortages, but the key qualifier, that of a “meaningful disruption” in production, may be sowing confusion in the industry. Read More
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Virtue Diagnostics raises $100M in series B round to develop in vitro diagnostics

In vitro diagnostic (IVD) company Virtue Diagnostics (Suzhou) Co. Ltd. has raised $100 million in a series B round to develop its clinical diagnostics and bring them to other markets. “With the latest funding, Virtue Diagnostics will hire talent, introduce technology, and expand to other markets,” said Johnson Zhang, CEO of Virtue Diagnostics. Read More
Abbott CEO Robert Ford delivering CES keynote

Abbott takes center stage at CES with digital health innovation in the spotlight

Digital health innovation was front and center at this year’s Consumer Electronic Show (CES) in Las Vegas. The four-day event included a major product announcement from Abbott Laboratories and a keynote presentation delivered by CEO Robert Ford. This marked the first time a health care company has been invited to take the main stage. Read More
Kardiamobile 6L device and mobile app

NICE supports use of Kardiamobile for paroxysmal afib

The U.K. National Institute for Health and Care Excellence (NICE) has recommended the use of the Kardiamobile as an option for detecting atrial fibrillation (AF) events in patients diagnosed with suspected paroxysmal AF. Alivecor Inc., of Mountain View, Calif., is the obvious beneficiary of the recommendation, a good bit of news given the company’s struggles to maintain patent protection for its products. Read More

Appointments and advancements for Jan. 10, 2022

New hires and promotions in the med-tech industry, including: Creative Balloons, Nanostring Technologies, Nemaura Medical, Neurometrix, Sectra, Tissium, Vitalconnect. Read More

Financings for Jan. 10, 2022

Med-tech firms raising money in public or private financings, including: Akura Medical, Memed, Medically Home. Read More

In the clinic for Jan. 10, 2022

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Bactiguard. Read More

Other news to note for Jan. 10, 2022

Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Alcon, Exact Sciences, Foundation Medicine, Grail, Guardant Health, Ivantis, J&J, Microsoft, Oncxerna, Premier, Preventiongenetics. Read More

Regulatory actions for Jan. 10, 2022

Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: 23andme, Abiomed, Medtronic. Read More

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