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CroíValve set to advance Tricuspid Coaptation Valve into clinical trial

CroíValve set to advance Tricuspid Coaptation Valve into clinical trial

CroíValve, an Irish medtech company spun out from Trinity College, has raised €4 million for developing a medical device called Tricuspid Coaptation Valve for the treatment of tricuspid regurgitation (TR), a severe heart condition. The financing secured by the Irish medtech firm includes €2.5 million from the European Union under its Horizon 2020 SME Instrument […]

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Aytu BioScience to acquire Innovus Pharmaceuticals

Aytu BioScience to acquire Innovus Pharmaceuticals

Aytu acquisition of Innovus : Colorado-based specialty pharma company Aytu BioScience has agreed to acquire Innovus Pharmaceuticals in a deal worth up to $24 million, as per the latest pharma acquisition news. Headquartered in California, Innovus Pharmaceuticals is an over the counter (OTC) consumer goods and specialty pharmaceutical company. On the other hand, Aytu BioScience […]

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Motorola Solutions to start commercial deployment of MOTOTRBO Nitro

Motorola Solutions to start commercial deployment of MOTOTRBO Nitro

Motorola Solutions said that MOTOTRBO Nitro, its Citizens’ Broadband Radio Service (CBRS) based private broadband solution, will take in the Federal Communications Commission’s (FCC) initial commercial deployment (ICD) phase. The deployment of MOTOTRBO Nitro follows the FCC’s public notice of approval for its ICD phase, which is expected this month. According to Motorola Solutions, the […]

Mallinckrodt to sell Canadian CDMO BioVectra to H.I.G. Capital for $250m

Mallinckrodt to sell Canadian CDMO BioVectra to H.I.G. Capital for $250m

Mallinckrodt sale of BioVectra to H.I.G. Capital : Irish biopharma company Mallinckrodt has agreed to divest its wholly-owned subsidiary BioVectra, a Canadian CDMO (contract development and manufacturing organization) to an affiliate of H.I.G. Capital for nearly US$250 million, as per the latest pharma acquisition news. The transaction amount to be paid by H.I.G. Capital, which is […]

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GW Hospital deploys Novarad’s augmented reality surgical technology

GW Hospital deploys Novarad’s augmented reality surgical technology

The George Washington University Hospital (GW Hospital) in Washington, D.C., has deployed OpenSight Augmented Reality System, an augmented reality surgical technology developed by Novarad. The OpenSight Augmented Reality System will assist a surgical operation, improve accuracy and minimizes operating and recovery times for patients. The George Washington University Hospital is now the first hospital in […]

Huntsman opens polyurethane system house in Jebel Ali Free Trade Zone

Huntsman opens polyurethane system house in Jebel Ali Free Trade Zone

Huntsman has opened its new polyurethanes system house in Dubai, the United Arab Emirates, to strengthen its downstream capabilities in the Middle East and North Africa. The new polyurethanes system facility located within the Jebel Ali Free Trade Zone (JAFZA) will increase the capacity of the US chemical manufacturing company to manufacture polyurethane systems and […]

Shopify to acquire US warehouse automation company 6 River Systems

Shopify to acquire US warehouse automation company 6 River Systems

Shopify acquisition of 6 River Systems : Canadian e-commerce company Shopify has agreed to acquire outstanding securities of US warehouse automation company 6 River Systems in a transaction valued at approximately US$450 million. The acquisition of 6 River Systems will add cloud-based software and collaborative mobile robots Chuck to the recently introduced Shopify Fulfillment Network. […]

Cox Automotive invests $350m in US electric vehicle manufacturer Rivian

Cox Automotive invests $350m in US electric vehicle manufacturer Rivian

Cox Automotive investment in Rivian : US electric vehicle manufacturer Rivian has secured an equity investment of $350 million from automotive services company Cox Automotive, an Atlanta-based business unit of Cox Enterprises. Founded in 2009, Rivian is engaged in developing vehicles, products, and services for sustainable transportation. The US automaker and automotive technology company, which […]