Healthcare Health/Fitness

Shareholders sue Gentium board, Jazz Pharmaceuticals to halt deal

Gentium investors sued the company's board and Jazz Pharmaceuticals in an attempt to stop the acquisition of Gentium, claiming that the tender offer was flawed, Bloomberg reported.

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Taiwan's TaiGen Biotechnology Company Ltd inks exclusive deal with Russia's R-Pharm for nemonoxacin

TaiGen Biotechnology Company Ltd, a biotechnology firm in Taiwan, has given Russia's R-Pharm the exclusive license to develop and commercialize the anti-infective compound nemonoxacin in the Russian Federation, Turkey and the Commonwealth of Independent States.

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Aster Healthcare eyes $200M Mumbai or London IPO

Kerala, India-based healthcare service provider Aster DM Healthcare is in talks with investment banks for a $200-million initial public offering (IPO) in London or Mumbai within a year.

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US-based health consultation app First Opinion raises $1.2M in funding

US-based mobile health consultation app First Opinion raised $1.2M in funding from Greylock, Yuri Milner, Felicis Ventures, and 500 Startups to expland its consultants and workforce.

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GAO upholds challenge from losing bidder, says SAIC Inc spinoff invalidates NASA contract

The Government Accountability Office said the spinoff of SAIC Inc invalidated the health services contract awarded to it by the National Aeronautics Space Administration, Bloomberg reported.

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Sanofi acquires 12pct in Alnylam Pharmaceuticals and drugs for $700M

Sanofi will be purchasing a 12% stake in Alnylam Pharmaceuticals as well as access to the drugs it has developed for rare diseases, Bloomberg reported.

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European drugmakers flock to Boston in search for deals- report

Drugmakers from Europe are getting lured to the Boston-Cambridge area as the biotechnology boom makes it the envy of other biotechnolgy hubs in the world, Bloomberg reported.

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Ex-Health Management Associates Inc CEO is defendant in kickback lawsuit

Gary Newsome, a former CEO of Health Management Associates Inc, was named a defendant of a whistleblower lawsuit alleging kickbacks at the company, Bloomberg reported.

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US private equity firm Pharos adds health services provider Seaside Healthcare to its portfolio

Dallas-based private equity firm Pharos Capital Group LLC added Shreveport-based behavioral health services provider Seaside Healthcare Inc for an undisclosed sum in a partnership with Pharos' founder.

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Chile-based CFR Pharmaceuticals shareholders sweetens bid for South Africa's Adcock

Shareholders of Chile-based firm CFR Pharmaceuticals gave a nod on Friday for a sweetened takeover offer for South African drug maker Adcock Ingram in a bid to woo the top shareholder of the South African firm.

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US healthcare firm WellDoc bags $20M to market diabetes mobile app

Maryland, US-based healthcare firm WellDoc bagged $20 million from Windham Venture Partners and Merck Global Health Innovation Fund to market BlueStar, the first mobile therapy prescription for diabetes.

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British biotech firm QuantuMDx turns to crowdfunding to develop handheld malaria diagnostic device

British biotechnology startup QuantuMDx turned to crowdfunding platform Indiegogo to raise funds for the development and commercialization of a hand-held device that can diagnose malaria rapidly.

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Calpers Chief Investment Officer Joseph Dear takes medical leave

Joseph Dear, the Chief Investment Officer of Calpers, the largest public pension plan in the US, has taken a medical leave to continue his personal health treatments, Bloomberg reported.

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Germany's CompuGroup inks deal to purchase France's Imagine group

Gemany-based eHealth solutions provider CompuGroup Medical AG said it has inked an agreement to acquire France-based software maker Imagine Editions and Imagine Assistance for an undisclosed amount.

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UK private equity firm CVC exits $216M Matas stake

UK-based private equity group CVC Capital Partners has exited a 19.4% stake in Denmark-based firm Matas for DKK1.18 billion ($216 million), according to the Danish beauty retailer on Friday.

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