ConvaTec, a global medical device company specialising in wound and skin care, has announced plans to raise approximately $1.8bn through a stock market listing in the London Stock Exchange.
Said to be the biggest initial public offering (IPO) in the UK’s healthcare sector so far in 2016, the proceeds from the offering will be used to pay the company’s debt.
Evercore Group is the financial advisor for the transaction, while BofA Merrill Lynch Asset Holdings, Goldman Sachs International and UBS Investment Bank are the joint book runners.
Biofluid-based diagnostics developer, Exosome Diagnostics has partnered with Amgen to test the potential to advance drug development using its proprietary liquid biopsy diagnostics technology and platform.
Pursuant to the agreement, the companies will work together to develop a highly sensitive liquid biopsy test, which would further advance the use of liquid biopsy tests in clinical development.
In a move to launch a complete human papillomavirus (HPV) diagnostic system in Latin America, Novacyt, a clinical diagnostics specialist, has agreed for a strategic alliance with Cepheid, a molecular diagnostics company based in California, US.
The three year, non-exclusive agreement will allow Cepheid and its distribution partners to commercialise Novacyt’s NOVAprep vial, which is to be used in conjunction with Cepheid’s Xpert HPV assay (CE-IVD) to test for high-risk HPV infection.
A global medical technology company, Becton, Dickinson and Company (BD) has collaborated with Apax Partners to form a new joint venture (JV) global respiratory solutions company known as Vyaire Medical.
With 50.1% share, Apex will be the majority stake holder and owner of the JV, while BD will hold the remaining 49.9% interest.
The new company will include all entities within BD’s Respiratory Solutions business, including ventilation, respiratory diagnostics, Vital Signs and Airlife, and all its related facilities will be transferred to the new company.
GenomeDx Biosciences, developer of genomic Decipher Prostate Cancer Classifier tests, has entered a marketing partnership with Bostwick Laboratories, a laboratory specialising in uropathology.
The agreement enables Bostwick to offer Decipher Biopsy on their requisition forms, allowing its customer to electronically order and easily access Decipher test.