Merck Unveils AIDDISON, the First-Ever AI Solution for Integrated Drug Discovery and Synthesis

Centre Setup
Novant Health Go-Health Urgent Care opens first center in Salisbury
The new center gives Salisbury residents a direct link to Novant Health’s extensive network of high-quality healthcare services, along with GoHealth Urgent Care’s award-winning urgent care design and technology. Read More>>
Korian opens 3 Inicea Specialised Clinics in France
The developments include a 100-bed clinic in the Paris area, an 80-bed clinic in Blagnac, and a 70-bed clinic in Le Puy-en-Velay. Geriatrics, cardiology, cancer, and neurovascular treatments will be provided at each location. Read More>>
LabCorp opens a new APH Lab in LA, California, to expand global capabilities
This laboratory will expand capabilities, including digital pathology, multiplex immunohistochemistry, and support clinical trials and precision medicine development. Read More>>

Deal
Harris Health LBJ Hospital gets a robotic system to improve surgery
The new DaVinci XI Surgery Robotic System is made to help reduce pain, lower the risk of infections or complications, minimize blood loss, and shorten hospital stays. Read More>>

Merger and Acquisition
Atrium Health completes merger with Midwestern Hospital Group
The company has merged with the Midwest-based Advocate Aurora Health. The newly combined company will operate over 1,000 healthcare sites and will be the fifth-largest non-profit health system in the nation. Read More>>
U-M Health to purchase Mid-Michigan’s Sparrow Health
The merger is expected to be complete in the first half of 2023. Sparrow Health has more than 115 health systems in Mid-Michigan, and there will be more than 200 care sites throughout the state after the merger. Read More>>

Partnership
Overjet is ProHEALTH Dental’s AI Platform of Choice in support of comprehensive care
The partnership brings Overjet’s AI for radiograph analysis and clinical insights to ProHEALTH Dental’s network of practices across the New York Tri-State area. Read More>>

Executive Movements
Him & Hers Health names former Cleveland Clinic exec as innovation officer
The company has named former Cleveland Clinic Chief Pharmacy Officer Scott Knoer, PharmD, as the company’s first Chief Pharmacy and Innovation Officer. Prior to his new role, Dr. Knoer served as the Executive VP and CEO of the American Pharmacists Association. Read More>>
Nemours Children’s Health names Enterprise Chief Operating Officer
The company has promoted Mark Mumford, Chief Executive of Delaware Valley Operations, to Enterprise COO for the multistate, multisite children’s health system. In addition, five new clinical and regional leadership roles were created. Read More>>

Financial and Market Activity
UCHealth reports USD 157 Mn loss due to investment decline
While the company revealed a net positive operating income of USD 65.5 Mn, the loss in investment value dragged down its financial performance for the first three months of the fiscal year 2023. Read More>>

Centre Setup and Expansion
Stryker launches neurovascular R&D lab to accelerate stroke care in Gurugram
The NV lab has a neurovascular catheterization lab to replicate hospital therapy, a performance lab with neurovascular simulators and 3D printing, and a room for physician engagement. Read More>>

Merger and Acquisition
Boston Scientific buys Apollo Endosurgery for USD 417 Mn
Apollo Endosurgery makes devices used in surgeries to manage gastrointestinal complications and aid in weight loss for patients suffering from obesity. With debt, the deal is valued at about USD 615 Mn. Read More>>

Partnership
Henry Schein One, VideaHealth to launch Dentrix Detect AI X-Ray Analysis Tool
The integration with VideaHealth’s FDA-cleared computer-assisted detection device can help oral health professionals harness the power of AI in dental practices. Read More>>

Executive Movement
B. Kristine Johnson and Kristina Wright join the board of Paragon 28
B. Kristine Johnson brings a breadth of med-tech industry leadership and commercial strategy expertise. Kristina Wright brings a wide range of corporate development and finance expertise in the medical device industry. Read More>>

Financial and Market Activity
CONMED Corporation announces Quarterly Cash Dividend
The company announced that its Board of Directors had declared a quarterly cash dividend of USD 0.20 per share, payable on January 5, 2023, to all shareholders of record as of December 16, 2022. Read More>>
Nordson Corp declares Q1 Dividend for the fiscal year 2023
The company announced that its board of directors declared the first quarter cash dividend in the amount of USD 0.65 per common share, payable on January 3, 2023, to shareholders of record as of the close of business on December 20, 2022. Read More>>

Centre Setup and Expansion
Charles River Laboratories opens Contract Vivarium Space in Chicago
The company recently opened the first Charles River Accelerator and Development Lab location in Chicago, expanding contract vivarium space for the biopharmaceutical industry in Illinois. Read More>>

Partnership
Incyte and CMS ink deal for Ruxolitinib Cream
The companies have entered into a Collaboration and License Agreement for the development and commercialization of Ruxolitinib cream in Greater China and certain countries in Southeast Asia. Read More>>

Mass Hiring
Pfizer to invest over USD 1.26 Bn in the expansion of Dublin Plant
The move will lead to the creation of 400 to 500 new roles and double the capacity to produce key substances used in biological drugs at a new facility, which is due for completion in 2027. Read More>>

Executive Movements
Albireo appoints Paul Streck as Chief Medical Officer & Craig Hopkinson to Board
These appointments coincide with an important time for Albireo as the company continues to deliver on clinical, regulatory, and commercialization milestones. Read More>>
Brad Miller joins Moderna as Chief Information Officer
He will serve on Moderna’s Executive Committee and report to Chief Executive Officer Stphane Bancel. He joins Moderna from Capital One, where he served as Executive VP and CIO of Enterprise Products and Platforms. Read More>>

Financial and Market Activity
Indivior expects higher revenue from Opioid-Use Drug, backs FY 2022 view
The company expects to increase its peak annual revenue to more than USD 1.5 Bn in the longer term, and it also expects the drug to achieve a net revenue run rate of USD 1 Bn by the end of 2025. Read More>>

• Regeneron Pharmaceuticals is keen on collaborating with Pharmaceutical companies to research, develop, and commercialize fully human monoclonal antibodies. 
• Regeneron Pharmaceuticals seeks to enhance its genetic-based medicine for treating several life-threatening diseases and accelerate drug discovery and development. 
• Regeneron Pharmaceuticals focuses on testing the new combination supplements that intend to enhance the existing supplements, which are approved by Food and Drug Administration. 
• Greater New York City Area, United States, serves as the critical location and major buying location for Regeneron Pharmaceuticals with a focus on Business Intelligence & Analytics, Data Engineering, and Infrastructure Management System – related engagements. 
• Product Engineering Services is the major outsourced segment, holding ~51% of the total outsourcing headcount. Cognizant is the major outsourcing partner for Regeneron Pharmaceuticals.

Startup Spotlight

Company – Podimetrics
Total Funding – USD 98.25 Mn
About: Podimetrics is a care management company with the leading solutions to help prevent diabetic foot ulcers (DFU). The company sends high-risk patients to their FDA-cleared, cellular-connected SmartMat, following which the patient data is automatically sent to the care management team for further review. Read More>>

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