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BioWorld - Sunday, May 22, 2022
Home » Topics » Deals and M&A, BioWorld MedTech

Deals and M&A, BioWorld MedTech
Deals and M&A, BioWorld MedTech RSS Feed RSS

Sidekick app on smartphones

Sidekick pumps its game up a step with Pfizer partnership

May 20, 2022
By Annette Boyle
No Comments
Sidekick Health AB expanded its partnership with Pfizer Inc., adding an atopic dermatitis offering to its integrated digital therapeutics solution. The app will roll out first in the U.K., followed by Belgium, Norway, Netherlands, Sweden, France, Ireland and Japan this year.
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Induced pluripotent stem cells

Evotec, Sernova team up to develop functional cure for type 1 diabetes

May 17, 2022
By Cormac Sheridan
No Comments
Evotec AG and Sernova Corp. are joining forces in a bid to develop a functional cure for type 1 diabetes. The companies plan to file an IND early in 2024 for a combined cell therapy and medical device product comprising Evotec’s human beta cells, derived from the company’s induced pluripotent stem cell platform, and Sernova’s Cell Pouch delivery system, which provides transplanted cells with a vascularized, physiologically appropriate environment that enables them to secrete insulin and other hormones involved in regulating blood glucose levels.
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Laptop displaying Beacon Biosignals software

Beacon, Stratus partner to bring machine learning to at-home EEG monitoring

May 13, 2022
By Meg Bryant
No Comments
Beacon Biosignals Inc. has teamed up with Stratus Inc., a provider of electroencephalogram (EEG) services, to improve at-home brain monitoring and neurodiagnostics using Beacon’s machine learning-driven neuroanalytics platform. The collaboration will increase opportunities for home-based studies of Alzheimer’s and other neurological diseases.
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Surgeons using Fluobeam LX in the operating room

Getinge to acquire near infrared imaging company Fluoptics for $27M

May 13, 2022
By Bernard Banga
No Comments
Getinge AB is acquiring 100% of the equity in fluorescence imaging company Fluoptics SAS, a company using the technology as an aid to surgery. Getinge will, through its subsidiary Getinge Infection Control SAS, acquire all outstanding shares in Fluoptics and will pay around $27 million in cash on closing the deal.
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05-09-ecential-robotics.png

Ecential and Amplitude Surgical enter partnership to develop robotic knee surgery solution

May 9, 2022
By Bernard Banga
No Comments
Ecential Robotics SAS and Amplitude Surgical SA reported a long-term partnership to develop a  robotic solution for knee surgery. These two French-based med-tech firms are combining their technology used for intraoperative 2D/3D imaging and surgical navigation in orthopedics.
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Concept of business partnership

Cytoreason expands reach to leverage machine learning in drug development in South Korea

May 6, 2022
By Tamra Sami
No Comments
Computational disease modeling company Cytoreason Ltd. is expanding its reach into Asia with a recent partnership with South Korean big data company Helixrus Inc., which is focused on biological big data and multiomics. The alliance will focus on leveraging Helixrus’ deep knowledge of the South Korean pharmaceutical market, and extensive network of relationships in Asian markets, to highlight Cytoreason’s capabilities in prioritizing new targets, finding biomarkers, profiling combinations, stratifying patients and other use cases within the drug lifecycle.
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Med-tech M&As hit records in Q1 as deals continue to climb

May 5, 2022
By Karen Carey
No Comments
In sharp contrast with the biopharma industry, the med-tech industry has completed mergers and acquisitions worth a record amount in the first quarter of 2022, with the $63.7 billion combined value towering over every full year prior to 2021.
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Outline of intestine and person holding stomach in painntestine on person holding stomach in pain

Xbiome acquires drug from Assembly Biosciences to treat ulcerative colitis

May 3, 2022
By Doris Yu
No Comments
Xbiome Inc. acquired M-201, a clinical-stage program from Assembly Biosciences Inc., to treat patients with mild to moderate ulcerative colitis as it looks to develop products to address the growing incidence of bowel disease throughout Asia. The company expects to start a phase Ib trial of the oral live biotherapeutic product in the U.S. in 2022 and also plans to run clinical trials in China.
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Digital heart illustration

Medtronic strikes $50M deal for Acutus heart device portfolio

April 28, 2022
By Catherine Longworth
No Comments
Acutus Medical Inc. is selling its left-heart access portfolio to Medtronic plc in a deal worth upwards of $50 million. The portfolio of devices includes a line of sheath-compatible septal crossing devices and steerable sheaths. Under the terms of the agreement, Medtronic will make an upfront cash payment to Acutus of $50 million and additional undisclosed payments based on milestones and future sales.
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Hearing ear icon

Cochlear to acquire rival Oticon Medical for $121M

April 27, 2022
By Tamra Sami
No Comments
Cochlear Ltd. will acquire Danish hearing implant company Oticon Medical A/S for AU$170 million (US$121 million) after parent company the Demant Group said it planned to exit its hearing implants business. Cochlear CEO Dig Howitt said that Oticon Medical is expected to add AU$75 to AU$80 million to Sydney-based Cochlear’s annual revenue, although Oticon Medical is currently “loss making.” In 2021, Demant’s hearing Implants saw revenue of $73 million.
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