Sanofi (NYSE:SNY) announced today that it is planning to tender an offer to acquire all outstanding common stock shares of clinical-stage biotech company Synthorx. The agreement and plan of merger between the two companies was announced on Dec. 7 and the offer is being made pursuant to that. Sanofi said it stands to acquire the common […]
Laborie Medical Technologies buys Clinical Innovations
Laborie Medical Technologies has purchased Clinical Innovations in a deal worth $525 million. The deal is expected to close in early 2020. Through the deal, Clinical Innovations will continue to help mothers and babies through its labor, delivery and neonatal intensive care specialties. “This is a promising deal that will add scale to the overall […]
J&J to acquire remaining stake in Verb Surgical
Johnson & Johnson (NYSE:JNJ) announced today that it agreed to acquire the remaining stake in Verb Surgical, following a successful strategic collaboration with Alphabet (NSDQ:GOOGL) life sciences unit Verily. Verb Surgical’s robotics and data science capabilities were the driving force behind Johnson & Johnson’s decision to combine with the company as it seeks to advance medical interventions, making […]
Judge orders Boston Scientific to complete $275 million merger
A Delaware chancery court judge yesterday ordered Boston Scientific (NYSE:BSX) to complete its failed $275 million buyout of Channel Medsystems. In a lawsuit filed in September 2018, Channel claimed that Boston Scientific spiked the deal over a former Channel employee’s scheme to embezzle nearly $3 million from the women’s health company. Emeryville, Calif.-based Channel Medsystems […]
Fujifilm to acquire Hitachi’s medical imaging biz for $1.56 billion
Fujifilm (TSE:4901) announced today that it plans to buy Hitachi’s (NYSE:HIT) medical imaging business for about $1.56 billion. The boards of both companies are scheduled to vote on the acquisition today. The deal could improve Fujifilm’s ability to compete globally against medical imaging giants GE Healthcare (NYSE:GE), Philips (NYSE:PHG), Siemens (NYSE:SI) and Canon (NYSE:CAJ). GE, […]
Medtronic adds an AI Klue to its diabetes management lineup
Medtronic (NYSE:MDT) said today it has completed the acquisition of Klue, a San Jose, Calif.-based software company that tracks people’s eating in real-time and analyzes it with artificial intelligence (AI) to help control diabetes. Medtronic plans to incorporate Klue’s technology into its Personalized Closed Loop (PCL) insulin pump system, which won FDA breakthrough device designation in February. PCL is […]
Caresyntax to acquire Syus; raises $45.6m
Caresyntax announced today that it acquired operating room operations and cost analytics company Syus for an undisclosed amount after it raised nearly $46 million. The company closed a total of $45.6 million in financing from Whiz Partners, a Takeda-backed drug-discovery gateway fund, along with Plug and Play, Barco Healthcare, Mitsubishi, Relyens, IPF Partners and Caresyntax […]
3M to sell drug-delivery biz to Altaris Capital Partners for $650m
3M (NYSE:MMM) announced today that it entered into an agreement to sell most of its drug-delivery business to an affiliate of Altaris Capital Partners for approximately $650 million. St. Paul, Minn.-based 3M will retain its transdermal drug delivery components business, according to a news release. The business being divested has annual global sales reaching approximately […]
Baxter spending $350m to acquire surgical adhesion barrier tech from Sanofi
Baxter (NYSE:BAX) said today that it will buy the Seprafilm adhesion barrier and related assets from Sanofi (NYSE:SNY) in what is expected to be a $350 million deal. The purchase is expected to close no later than the first quarter of 2020. A Bloomberg report in October hinted that a deal might be in the work. “While […]
Boston Scientific sells Zytiga royalties for $256m
Boston Scientific (NYSE:BSX) has sold half of its Zytiga-related royalties to Ontario Municipal Employees Retirement System for $256 million. The deal is worth 50% of the Zytiga-related royalties, according to an SEC Form 8-K filing from yesterday. Zytiga is a treatment for men with metastatic castration-resistant prostate cancer, according to its website. The sale begins with […]
Exactech acquires Italian distributor
Exactech (NSDQ:EXAC) announced that it acquired its independent distribution partner, Exactech Italia, creating a new corporate subsidiary. The acquisition was made official yesterday and includes all shares of the Brescia, Italy-based importer and distributor of Gainesville, Fla.-based Exactech’s orthopedic implants, instrumentation and advanced surgical technologies. Financial terms of the agreement were not disclosed but it marks […]
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