Advanced Medical Equipment (TRBC) Archives

UPDATE 2-Danaher to buy Moderna supplier Aldevron for about $9.6 billion

(Adds background, analyst comment) June 17 (Reuters) – Medical equipment maker Danaher Corp said on Thursday it would buy privately held biotech company Aldevron in an all-cash deal for about $9.6 billion, snapping up a supplier to COVID-19 vaccine maker Moderna Inc .

Danaher to buy biotech company Aldevron for about $9.6 billion

June 17 (Reuters) – Danaher Corp said on Thursday it would buy privately held biotech company Aldevron in an all-cash deal for about $9.6 billion.

UPDATE 3-GE, Safran venture to develop radical new jet engine

* CFM to built demonstrator for open-rotor jet engine * Key step towards next generation of medium-haul jets * French-American engine venture extended to 2050 * Industry titan was born out of a Nixon-Pompidou summit (Adds planemaker and analyst comments, shares) By Tim Hepher PARIS, June 15 (Reuters) – General Electric and France’s Safran has unveiled plans to test-build an open-bladed jet engine able to reduce fuel use and emissions by 20% as they prolonged their historic CFM International joint venture by a decade to 2050.

Alibaba Health-backed LinkDoc files for U.S. IPO

June 14 (Reuters) – LinkDoc Technology Ltd, a medical data company backed by a subsidiary of Alibaba Health Information Technology Ltd, filed for an initial public offering in the United States on Monday.

GE, Safran to develop new jet engine under extended JV

PARIS, June 14 (Reuters) – General Electric and France’s Safran on Monday set out plans to develop a new jet engine able to reduce fuel consumption and emissions by 20% as they announced a 10-year extension to their CFM International joint-venture to 2050.

EXCLUSIVE-German battery group BMZ plans September IPO, sources say

By Arno Schuetze FRANKFURT, June 14 (Reuters) – German battery group BMZ is preparing for a Frankfurt stock market listing as early as September with a targeted valuation of about 2 billion euros ($2.4 billion), sources close to the matter told Reuters.

BATTERY COMPANY BMZ PREPARES SEPTEMBER IPO WITH VALUATION OF ABOUT 2 BLN EUROS, SOURCES SAY

‘Meme stock’ rally pauses, Redditors focus on biotech stocks

June 14 (Reuters) – Small-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as much as 10%, while the rally in stocks that were favored in recent weeks appeared to fade.

UPDATE 4-Philips recalls ventilators, sleep apnea machines due to health risks

* Devices carry part that may potentially cause cancer * Group takes new 250 mln euro provision for recall * Company leaves annual sales growth guidance unchanged (Adds details on numbers of machines, complaints) By Toby Sterling AMSTERDAM, June 14 (Reuters) – Dutch medical equipment company Philips has recalled some breathing devices and ventilators because of a foam part that might degrade and become toxic, potentially causing cancer, it said on Monday.

Philips recalls some “CPAP”, ventilator machines on U.S. market due to foam part

AMSTERDAM, June 14 (Reuters) – Philips, the Dutch medical equipment company, on Monday said it would recall ventilators and “CPAP” breathing devices from the U.S.