General Electric (NYSE:GE) announced that it completed the sale of its BioPharma business to Danaher (NYSE:DHR) for net proceeds totaling approximately $20 billion. Boston-based GE said in a news release that, under the agreeement, it received a total consideration worth $21.4 billion, with $21 billion in cash along with Danaher’s assumption of certain pension liabilities. After accounting for […]
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GE Healthcare is playing an important role in its parent’s turnaround
General Electric (NYSE:GE) stock jumped 10% after the industrial conglomerate posted Street-beating Q4 results, with CEO Larry Culp describing the company’s healthcare and aviation businesses as “exceptional franchises.” GE shares were down about nearly 3% to 12.56 apiece by midday trading today, a day after they shot up to $12.94 on the earnings news. Boston-based GE […]
GE replaces CEO Flannery with ex-Danaher chief Culp | Personnel Moves – October 1, 2018
General Electric (NYSE:GE) said today it named former Danaher (NYSE:DHR) prez and CEO H. Lawrence Culp Jr. as its chair and CEO, replacing John Flannery, effective immediately. The Boston-based company said that alongside the switch in the corner office, it does not expect it will meet its guidance for free cash flow and earnings per share for […]
GE, DARPA are taking on Type 2 diabetes with electricity
GE and DARPA are collaborating on a $2.9 million study of neuromodulation as a treatment for Type 2 diabetes. GE scientists have developed a novel, potentially breakthrough approach that could restore nerve signals to a healthy state using non-invasive devices that stimulate metabolic biosystems and produce drug-like effects, but with greater precision than traditional treatments, […]
Medtronic taps Harvard cardiologist Mauri for clinical research VP | Personnel Moves – April 10, 2018
Medtronic (NYSE:MDT) said last week it tapped Harvard Medical School professor and cardiologist Dr. Laura Mauri as its new vice president of global clinical research and analytics. In the new position, Dr. Mauri will direct dynamic global clinical research strategies as well as the development of novel analytical and data science solutions as the Fridley, Minn.-baesd […]
Former GE CEO Jeff Immelt had a lasting impact in medtech: Here’s how
No matter how you feel about his tenure leading the industrial conglomerate, former GE CEO Jeff Immelt helped shape medtech by filling the industry’s corner offices with former employees. The right leader at the right company, at the right time, can have an effect that last decades – not only through their own actions but […]
Align Tech shares ranked 2nd on S&P 500 for 2017, sees shares grow 131%
Clear orthodontic correction device maker Align Technology (NSDQ:ALGN) saw its shares rise 131% last year, making it second on the S&P 500 rankings for the full-year 2017, according to a Seeking Alpha report. The company was only slightly behind the front-runner, power company NRG, who saw shares grow 132.3% over the year, according to the report. […]
GE plans to dominate 3D printing: Here’s how
A new big gorilla has entered the 3D printing space, and it is called General Electric. GE said Wednesday that GE Additive will work with GE Capital to both sell and finance metal additive machines. The news is but another sign of just how important officials at the multinational industrial company view 3D printing’s potential […]