Search Results for “acquisition” – Page 6 – media

Celltrion expands European market, acquires iQone Healthcare for 30 billion

On Friday, South Korean biosimilar giant Celltrion said it had completed the acquisition of iQone Healthcare Switzerland for approximately 30 billion won (about 155 million yuan) as part of its European expansion strategy. After the acquisition, iQone Healthcare Switzerland will become a wholly-owned subsidiary of Celltrion Healthcare Hungary Kft. The transaction will also provide Celltrion with the opportunity to obtain authorizations, further enhancing its pipeline of innovative therapies. In 2022, iQone’s annual revenue was 18.9 billion won (about 18.9 million US dollars), and sales increased by 57% to 29.6 billion won in 2023. Celltrion said the acquisition will further accelerate the expansion of its prescription drug business in Switzerland. According to IQVIA data, sales performance in the country remains strong, with the Ramsima series (IV and SC) accounting for 61% of the market share in the second quarter of this year. The company noted that its follow-up products are expected ...
- Source: drugdu
- 33
- November 20, 2024
Johnson & Johnson’s first PFA product is approved by the FDA for marketing

Recently, Johnson & Johnson announced that it has obtained approval from the U.S. Food and Drug Administration (FDA) for its Varipulse pulsed field ablation system for the treatment of drug-refractory paroxysmal atrial fibrillation. After obtaining approval, Johnson & Johnson became the third company in the United States to have PFA technology for the treatment of AFib, joining the ranks of Medtronic and Boston Scientific, and the three-way competition in the PFA market has officially begun. It is understood that the Varipulse pulsed field ablation system consists of the Varipulse ablation catheter and the TRUPULSE generator. Among them, the VARIPULSE ablation catheter was developed based on Johnson & Johnson’s previous mapping catheter LASSO catheter, which is a continuation of the LASSO catheter technology, which further demonstrates Johnson & Johnson’s deep technical reserves in the catheter field. The Varipulse ablation catheter has 10 electrodes on the ring tip, and the ring tip ...
- Source: drugdu
- 40
- November 18, 2024
Breaking news! CEO of global orthopedic giant may be dismissed

Recently, according to the British “Mail on Sunday report”, the global orthopedic giant Smith & Nephew has been severely warned by shareholders due to poor performance. Smith & Nephew’s shareholders have lost patience with the strategic development speed of CEO Deepak Nath and declared: If the company’s performance cannot be improved, Deepak Nath will be dismissed, and Smith & Nephew will also face the split of the orthopedic department. It is reported that Smith & Nephew’s stock price has fallen by as much as 44% in the past five years. As this year’s performance has not “cleared up”, shareholders’ emotions are difficult to appease, further putting pressure on Deepak Nath. Smith & Nephew was founded in the UK in 1856. This old company with a long history of more than 100 years has three main businesses: orthopedics, sports medicine and otolaryngology, and advanced wound management. At present, Smith & Nephew ...
- Source: drugdu
- 37
- November 18, 2024
Breaking news! The CEO of a global orthopedic giant may be dismissed

Recently, according to the British “Mail on Sunday report”, the global orthopedic giant Smith & Nephew has received a severe warning from shareholders due to its poor performance. Smith & Nephew’s shareholders have lost patience with the strategic development speed of CEO Deepak Nath and declared that if the company’s performance cannot be improved, Deepak Nath will be dismissed and Smith & Nephew will also face the split of the orthopedic department. It is reported that Smith & Nephew’s stock price has fallen by as much as 44% in the past five years. As this year’s performance has not yet “cleared up”, shareholders’ emotions are difficult to appease, further putting pressure on Deepak Nath. Century-old enterprise faces crisis Smith & Nephew was founded in the UK in 1856. This old company with a long history of more than 100 years has three main businesses: orthopedics, sports medicine and otolaryngology, and ...
- Source: drugdu
- 47
- November 16, 2024
Global orthopedic giant CEO may be dismissed

Recently, according to the Mail on Sunday report in the UK, global orthopedic giant Smith&Nephew has received a stern warning from shareholders due to poor performance. Smith&Nephew’s shareholders have lost patience with CEO Deepak Nath’s strategic development speed, claiming that if the company’s performance cannot be improved, Deepak Nath will be dismissed and Smith&Nephew will also face the splitting of its orthopedic department internally. It is reported that the stock price of Xerox Hui has dropped by up to 44% in the past five years. With this year’s performance still not “clear up”, the emotions of shareholders are difficult to calm, further putting pressure on Deepak Nat. Century old enterprises face crisis Shi Lehui was founded in the UK in 1856, a well-established company with over a hundred years of history. Its main businesses include orthopedics, sports medicine and otolaryngology, and advanced wound management. Currently, Shi Lehui is at the ...
- Source: drugdu
- 51
- November 15, 2024
Uncovering the truth of AbbVie’s $8.7 billion lesson

M&A is a metaphysics, with heaven on one side and hell on the other, tempting prominent names to enter. The latest to enter “hell” is AbbVie. On November 11, AbbVie announced that emraclidine, the “ace project” acquired by acquiring Cerevel for $8.7 billion at the end of last year, failed to reach the expected endpoint in two Phase II studies for schizophrenia, which cast a shadow on its future. As soon as the news came out, AbbVie’s stock price plummeted 12.57%, and its market value evaporated by more than $40 billion overnight. Once, this merger and acquisition was a “model” in the industry. From the first acquisition invitation to the final acquisition of Cerevil, AbbVie took less than two months. Fast, accurate, and ruthless, it foreshadowed AbbVie’s determination to deal with the patent cliff. But now, everything is coming to nothing. This once again allows us to see the “variables” ...
- Source: drugdu
- 49
- November 15, 2024
Johnson&Johnson’s first PFA product receives FDA approval for market launch

Recently, Johnson&Johnson announced that it has received approval from the US Food and Drug Administration (FDA) for its Varipulse pulsed field ablation system, which can be used to treat drug-resistant paroxysmal atrial fibrillation. After obtaining approval, Johnson&Johnson became the third company in the United States to have PFA technology for treating AFib, joining the ranks of Medtronic and Boston Scientific, and the PFA market’s top three competition officially opened. With the support of an ace, Johnson&Johnson has strong competitive strength It is understood that the Varipulse pulsed field ablation system consists of a Varipulse ablation catheter and a TRUPULSE generator. Among them, the VARIPULSE ablation catheter was developed based on Johnson&Johnson’s previous mapping catheter LASSO catheter, which is a continuation of LASSO catheter technology and further demonstrates Johnson&Johnson’s deep technical reserves in the catheter field. The Varipulse ablation catheter has 10 electrodes on the annular tip, and the size of ...
- Source: drugdu
- 54
- November 14, 2024
270 million! Chinese medicine giant acquires 100% equity of innovative pharmaceutical company

Chinese medicine companies are beginning to acquire innovative pharmaceutical companies. 01 270 million yuan Kangyuan Pharmaceutical acquires 100% equity of Zhongxin Pharmaceutical On November 7th, Kangyuan Pharmaceutical released an announcement on the acquisition of 100% equity of Jiangsu Zhongxin Pharmaceutical Co., Ltd. and related party transactions. It plans to acquire 100% equity of Zhongxin Pharmaceutical with its own funds of 270 million yuan. After the completion of this transaction, Zhongxin Pharmaceutical will become a wholly-owned subsidiary of Kangyuan Pharmaceutical.In this transaction, Kangyuan Pharmaceutical’s controlling shareholder Kangyuan Group holds 70% equity of Zhongxin Pharmaceutical, corresponding to a transfer price of 189 million yuan. Kangyuan Pharmaceutical will make the first payment of 60%, or 113.4 million yuan, to Kangyuan Group, and the remaining 40%, or 75.6 million yuan, will be paid in installments after the corresponding pipeline drugs of Zhongxin Pharmaceutical obtain marketing authorization. Nanjing Kangzhu Enterprise Management Partnership (Limited Partnership) holds ...
- Source: drugdu
- 46
- November 14, 2024
Imaging giant, newly established production base

Recently, Yum! Brands announced the establishment of a new manufacturing base (B-15, Sector 60 Noida Uttar Pradesh) in New Delhi, created and managed by its subsidiary Esaote Asia Pacific Diagnostic Private Limited, to further strengthen its business in India. Yum! Brands’ new production base will produce a full range of “Made in India” advanced ultrasound products for the Indian market, including My Lab ™ A、My Lab ™ E Series and compact portable ultrasound devices will be launched on the market shortly after completing regulatory and quality assurance processes with local authorities. Data shows that Yum! Brands is headquartered in Italy, with its main research and development production bases located in Italy, as well as production bases in the Netherlands and China. In the field of ultrasound imaging, Baisheng Medical Group has mastered the core technology of the entire industry chain and has the ability to independently develop core components. It ...
- Source: drugdu
- 52
- November 13, 2024
1.82 billion, “China Resources” adds another member

On November 8, China Resources Boya Bio’s official website announced that “China Resources Boya Bio and Green Cross (China) meeting and work docking meeting were successfully held”. Two days ago (November 6), China Resources Boya Bio completed the acquisition of 100% equity of Green Cross (Hong Kong) and began to include it in the scope of consolidated financial statements. So far, “China Resources” has officially made another move in the blood products sector. In July this year, China Resources Boya Bio agreed to transfer 100% equity of Green Cross (Hong Kong) with its own funds of 1.82 billion yuan, thereby indirectly acquiring the domestic blood products entity Green Cross (China) (for details, please refer to the previous article “Spending 1.82 billion! China Resources Group takes action again”). As the blood products platform of China Resources’ big health sector, China Resources Boya Bio’s contribution to China Resources Pharmaceutical’s performance cannot be ...
- Source: drugdu
- 48
- November 13, 2024

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