Stryker just reached an agreement with Sage to acquire the company for $2.76 billion in an all cash agreement. The acquisition is expected to boost Stryker's revenue in the coming years and the company will also enjoy $500 million in tax benefit.
Healthcare Health/Fitness
Walgreens shoots a warning to Theranos to resolve lab issues
Walgreens has threatened to pull out of partnership with Theranos following the notice the latter received from the federal authorities regarding deficient medical practices. The drug retailer has given a 30-day ultimatum to its partner to clear their name, or their association gets terminated.
Australia Is Moving Forward to Legalize Medicinal Marijuana, Introducing Nationwide Bill
Some states in Australia already legalized medicinal marijuana regionally, but the new bill will allow marijuana to be cultivated and consumed for medical purposes across the country. The bill is highly likely to become a law because it has received huge supports from the authorities and citizens.
Facebook Deletes Medical Marijuana Homepages Without Any Prior Warning
Facebook deleted medical marijuana hopepages on Tuesday, without any prior warning. People that relied on the site for updates on the cannibis for medicinal purposes are said to have been greatly affected by the social media giant's initiative.
France Based Pharmaceutical Company Sanofi Pasteur Committed To Develop Zika Virus Vaccination
The France-based pharmaceutical company Sanofi Pasteur has committed to develop Zika virus vaccination in three to five years. The vaccine will be administered mainly in adolescent girls that is yet to involve sexual relationship.
Latest News
Abbott said that it has signed a definitive deal to acquire Alere for a net value of $5.8 billion in cash. Abbott expects the acquisition to be immediately accretive to its earnings per share upon completion.
E.coli outbreak which contaminated nationwide Chipotle restaurants last year will be declared over. However, CDC has not been able to find the source of the outbreak.
KFit, a fitness-sharing platform that based in Kuala Lumpur, has raised a $12 million Series A funding from Sequoia Capital, SIG, and Venturra Capital. The fund will be used to enlarge its services to cities in Asia. Offering a cheaper rate, KFit will compete with its Singaporean rival, GuavaPass.
Zika has appeared as a nightmare to many Latin American countries. The number of Zika infected has reached 4 million landmarks since reporting of the first case just eight months earlier. Absence of proper vaccine has made the situation much more terrible. Recently, scientists have escalated the fears revealing climate change may also contribute to the spread of Zika and other mosquito borne diseases.
WHO on Thursday has warned for probable spread of Zika virus across the North and Central American countries. Ahead of rising concerns for Zika spreading, drug makers and scientists have commented that manufacturing of an appropriate vaccine may even require a decade. These warnings has opened a huge business potential for Oxitec, an Intrexon subsidiary. Oxitec’s gene modified mosquitoes are capable of ensuring security against Zika for large populations.
Fitness trainer and guru overcharge numerous die hard fitness fans for using the app. Fans become furious over high prices and horrendous cancellation process.
Researchers at the University of California, Los Angeles developed a non-invasive electric patch to treat the symptoms of Post-Traumatic Stress Disorder (PTSD). The electric patch uses trigeminal nerve stimulation (TNS) technique to stimulate the nucleus tractus solitaries to produce pain killer compounds in the brain.
Childhood obesity has increased drastically worldwide and WHO seeks political involvement in handling the issue. About 48% of obese and overweight children aged 5 and below reportedly belong to Asia and Africa.
Aedes mosquitoes are the bearer of Zika virus which is available across the US. WHO warns the US for a probable Zika virus induced epidemic. Brazil has appeared as the most Zika affected country. The US and other governments have issued a travel alert for the pregnant women forbidding to visit the Zika prone region. The travel alert has offbeat the organizers of the Rio de Janeiro olympic scheduled to be held in August.
