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Software & Data
Cerner Sells Parts Of Healthcare IT Portfolio For $250 Million
Earlier this month, Cerner Corporation entered into an agreement with CompuGroup Medical SE to sell off parts of its healthcare IT portfolio. This will see Cerner’s Medico, Selene, Soarian Health Archive, and Soarian Integrated Care software products sold for around $247.5 million to the German healthcare software company. Cerner acquired the hospital information system business back in 2014 for $1.3 billion from Siemens...
Medical Devices
Cardiology Tech Market To Reach $7 Billion By 2024
International economic research firm, Moody's Investors Service predicts that cardiology device revenues will not only boom but outperform the broader MedTech area over the next four years. According to a recent report, this is being driven by the increasing sales of transcatheter aortic
valve replacement (TAVR) devices. TAVR, also sometimes referred to as transcatheter aortic valve implantation (TAVI) is the "minimally invasive surgical procedure [that] repairs the valve without removing the old, damaged valve. Instead, it wedges a replacement valve into the aortic vale's place."...
Consumer Internet
23andMe Announces Layoffs, Signals Trouble At The DNA Testing Giant
In light of declining sales, DNA testing unicorn 23andMe has announced it's laying off about 100 workers, or 14% of its total workforce. A spokesperson for the company confirmed that 23andMe is "restructuring" its consumer business. This signals a potential shift towards drug development based on genetic data collected from its ancestry tests...
Biotech
GenapSys Funds Its Sequencer Amid Fight Against The Coronavirus
Sequencing technology company, GenapSys has announced its raised $75 million from Oxford Financing. This comes just months after a Series C funding round which saw the California- based firm raise $90 million. It all comes down to the commercialization and distribution of the company's GenapSys Sequencer across the Asia Pacific region, including China which is at the center of the deadly Coronavirus outbreak...
Features
Silicon Valley Bank’s Predicts A Rise In Health Tech Investments For...
While healthcare companies may have seen fewer dollars last year, after a record-breaking 2018, according to a report released by Silicon Valley Bank, 2020 is poised for growth. Companies across the U.S. and Europe raised a total of $32.49 billion last year, primarily driven by increased investments into healthcare technology. That amount was just shy of the $33.17 billion companies raised in 2018...
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