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Home » Newsletters » BioWorld MedTech

BioWorld MedTech

Feb. 28, 2024

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Stock merger illustration

Bruker acquires molecular diagnostics provider Elitech for €870M

Continuing its aggressive buying spree, Bruker Corp. entered into a definitive share purchase agreement with Tecfin S.à r.l. to acquire molecular diagnostics (MDx) company Elitechgroup SAS for €870 million (US$943.5 million), excluding the Elitech clinical chemistry business. The deal is expected to close in the second quarter of 2024 and will be funded with a mix of cash on hand and debt financing. Read More
Symani system

MMI raises $110M for microsurgical robot expansion

The $110 million that Medical Microinstruments Inc. (MMI) recently raised in its series C funding round is testament to its unique position in microsurgery, said Olivier Litzka, a board member at MMI and a partner at Andera Partners. “There are not many companies actually working in that space in robotics,” he told BioWorld. Read More
Science and medicine icons with head made of computer code

CG Bio claims majority stake in Inosys Korea

South Korea’s Cell & Growth Factor Biotechnology Co. Ltd. (CG Bio) became the largest shareholder of Busan-based Inosys Korea after claiming a 34.7% stake in the embattled orthopedic implant med-tech firm. Read More

Small gains, but gloomy US IPO market prevails

“The market stinks,” Brian Johnson, a partner and vice chair of Wilmerhale’s corporate practice group, told a U.S. SEC advisory committee Feb. 27, as he painted a gloomy picture of last year’s IPO landscape in the U.S. While the scene was a little brighter than in 2022, a few key indicators could be worrisome, especially the median offering size, which is predictive of the strength of the IPO market, Johnson said Read More
Judge's gavel with US flag

New US PTO guide may spur more patent rejections for obviousness

The U.S. Patent and Trademark Office (PTO) has released a guidance to aid patent examiners in dealing with questions of obviousness in patent applications, but patent attorney Michael Borella told BioWorld that this new guidance could resurrect the law of unintended consequences. Borella, a partner in the Chicago office of McDonnell Boehnen Hulburt & Berghoff LLP, said the guidance might lead to more inappropriate rejections of patent claims for obviousness, and thus make the process of obtaining a clean patent more difficult, not less. Read More
US flag with microscope

US NIH goes live with network for evaluating cancer screening tech

The U.S. National Institutes of Health reported the launch of a network for clinical trials that will examine the utility of cancer screening tools, which will start with a pilot study of multi-cancer detection (MCD) tests. Read More
DNA with bar chart

Explore BioWorld’s comprehensive infographics collection

Discover a wealth of industry insights with BioWorld’s extensive collection of infographics, covering the latest trends and developments in both biopharma and med-tech. Our weekly infographics are curated to provide concise summaries of key topics: financings (IPOs, private financings, public/other and follow-on offerings), deals and M&As (top deals, and monthly value and volume), regulatory (including U.S. FDA and worldwide approvals), clinical trials and more. In addition, you’ll find access to BioWorld’s year-in-review reports, as well as special infographics about obesity, pain and addiction, biosimilars and the aging space. Read More

Appointments and advancements for Feb. 28, 2024

New hires and promotions in the med-tech industry, including: Axosim, Baird, Bausch + Lomb. Read More

Financings for Feb. 28, 2024

Med-tech firms raising money in public or private financings, including: Aclarion, Argá, Bionano, Boston Scientific, Venus Concept. Read More

Other news to note for Feb. 28, 2024

Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Cardiai, Centogene, Fire1, Kore, Medical Guardian, Reveal Genomics, Smith & Nephew. Read More

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