What You Should Know:
- The pharmaceutical and life sciences (PLS) sector is experiencing a resurgence in dealmaking activity, with a 20% increase in deal volume over the past year reported, according to PwC’s latest US Midyear Deals 2024 Outlook for Pharmaceutical and Life Sciences.
- M&A activity in the PLS sector is expected to remain strong throughout 2024 and potentially into 2025. Clarity on factors like US election outcomes and Federal Reserve interest rate decisions
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Sanofi and Biovac Join Forces to Manufacture Polio Vaccines in Africa
What You Should Know:
- Sanofi, a global healthcare leader, and Biovac, a prominent South African biopharmaceutical company, announced a landmark partnership. This collaboration aims to establish local manufacturing of inactivated polio vaccines (IPV) in Africa, serving the needs of over 40 African countries.
- Under this new partnership, Sanofi will continue producing the bulk IPV supply. Biovac, upon receiving marketing authorization, will oversee the final stages of formulation,
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GE Healthcare & MediView Debut Augmented Reality System for Interventional Radiology
What You Should Know:
- Today, GE HealthCare (Nasdaq: GEHC) and MediView XR Inc. announced the successful launch of the OmnifyXR Interventional Suite, marking the first-ever clinical use of this innovative augmented reality (AR) technology.
- North Star Vascular and Interventional in Minneapolis, Minnesota became the first medical facility to utilize OmnifyXR in real-world procedures. Dr. Jafar Golzarian, Professor of Radiology and founder of the clinic, successfully performed two
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Humata Health Secures $25M for AI-Powered Prior Authorization
What You Should Know:
- Humata Health, a company revolutionizing prior authorizations in healthcare with AI and automation raises $25M co-led by Blue Venture Fund and LRVHealth with participation from Optum Ventures, .406 Ventures, Highmark Ventures, and VentureforGood further demonstrates the widespread support for Humata's innovative approach.
- With this significant investment, Humata Health will expand its AI capabilities, broaden its provider base, and partner with payers to
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Evidation Launches MigraineSmart App to Empower Migraine Sufferers with Self-Management Tools & Research Opportunities
What You Should Know:
- Evidation, a company dedicated to improving health measurement in daily life, today announced the launch of MigraineSmart – a program on their app designed to empower migraine sufferers with self-tracking tools and research opportunities.
- Migraine is a chronic and debilitating condition impacting over 40 million Americans, with women disproportionately affected. These migraines significantly impact quality of life, affecting physical and mental health, work
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Emergency Services to Deploy Augmedix Generative AI Solution to Relieve Clinician Burnout in ED
What You Should Know:
- Emergency room physicians in central Ohio are getting a helping hand from artificial intelligence (AI). Emergency Services Inc. (ESI), a physician-owned group serving the second-largest healthcare system in the region, has announced the deployment of Augmedix Go ED, an AI-powered medical documentation solution.
- Developed by Augmedix (Nasdaq: AUGX), a leader in AI for healthcare documentation, Augmedix Go ED is the first of its kind. This innovative system
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Carolina Caring to Bring Virtual Reality Experiences to Seniors
What You Should Know:
- Rendever, a virtual reality (VR) company focused on enhancing the lives of older adults, announced a partnership with Lenovo to bring VR experiences to patients at Carolina Caring, a non-profit healthcare provider.
- The strategic collaboration aims to improve the quality of life for seniors by offering them immersive and engaging VR experiences, even if their physical mobility is limited.
Expanding Seniors' Horizons Through VR
Rendever's VR
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Boston Scientific Acquires Silk Road Medical for $1.16B, Bolstering Stroke Prevention
What You Should Know:
- Boston Scientific Corporation (NYSE: BSX) announced a definitive agreement to acquire Silk Road Medical, Inc. (Nasdaq: SILK) for approximately $1.16 billion ($27.50 per share). Silk Road Medical is a leading innovator in minimally invasive stroke prevention technologies for patients with carotid artery disease.
- The acquisition strengthens Boston Scientific's position in the vascular medicine field, offering physicians a broader range of solutions for
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Alarming Nurse Shortage Threatens Healthcare System, But Solutions Emerge
What You Should Know:
- A new report by Incredible Health, the leading platform for connecting nurses with healthcare employers, paints a concerning picture of the American healthcare system. The report, titled "2024 Healthcare Executive Report," reveals a crisis brewing – a deepening shortage of nurses that threatens patient care.
- The US healthcare system is projected to face a staggering shortage of 1 million nurses by 2030. This alarming gap stems from a growing patient
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Hospital Leaders Grapple with Workforce Shortages, Tech Risks, and Financial Pressures: FTI Consulting Survey
What You Should Know:
- FTI Consulting's inaugural Hospital Operations Outlook Survey paints a picture of a healthcare industry navigating a complex post-pandemic environment. While hospitals strive to meet the evolving needs of patients and communities, they grapple with significant challenges, including workforce shortages, financial pressures, and the ever-present threat of cyberattacks.
- The FTI Consulting survey unveils the multifaceted challenges and opportunities facing
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