US glue maker swoops on AIM-listed manufacturer in £659m deal Industrials A US glue maker is set to hand London’s junior stock market another blow after snapping up medtech firm Advanced Medical Solutions. HB Fuller said on Thursday it would acquire the AIM-listed company in a deal that values it at £659m. The US manufacturer – which specialises in industrial adhesives and chemical products – offered [...]
‘Some of the benefits are fairly boring, but they save lives’: AI chief on transforming the NHS healthcare AI in healthcare might spark visions of robotic doctors and futuristic diagnostics. But Robbie Jerrom, senior principal technologist for AI at Red Hat, insists the real gains lie in the mundane systems that make the NHS run more efficiently. “Prioritising summarising email requests or patient call logs… they’re not very exciting, but they consume a [...]
Healthcare firm Totally weighs sale as it faces eight-figure medical negligence claim Business Totally is exploring a sale of one or more of its subsidiaries to shore up its balance sheet after the firm revealed it faces an eight-figure medical negligence claim. The Derby-based business is to undertake a “strategic review” under which it will consider “selling one or more of the company’s subsidiaries”, “receiving strategic investment or [...]
Smith & Nephew slashes guidance as China slowdown continues October 31, 2024 Hip and knee implant maker Smith & Nephew has cut its full-year guidance as it continues to grapple with a slowdown in China. It booked third quarter revenue of $1.4bn (£1.08bn), up four per cent year on year, but Chinese sales dragged as the region experienced “worse than expected headwinds” across the surgical businesses. The [...]
This may hurt: English High Court set for Moderna and Pfizer/BioNTech Covid battle starting today April 23, 2024 The English part of a global dispute billion dollar legal case involving big pharma giants Modern, Pfizer and BioNTech over Covid patents, kicks off today.
Smith and Nephew lifts outlook as medical device revenue growth offsets China slowdown February 27, 2024 It wasn't all plain sailing for the medical tech giant however, with its operating profit for the year down to £335m, from £356m.