Healthcare Health/Fitness

Saudia to privatize four more businesses

Arabian Business said in its report that businesses of the state of Saudi Arabia, including Prince Sultan Aviation Academy and Saudia Private Airline, will be privatized soon.


Zyden Gentec shares fall as Punjab National Bank offloads its 3% stake

Zyden Gentec Ltd.'s shares fell by 5% to INR15.25 per share after Punjab National Bank's recent stake sale. PNB had sold 335,141 of its shares in the pharmaceutical company, which represents a 3% equity ownership.

Report says Teva Pharmaceutical Industries to name Erez Vigodman as new CEO

TheMarker, a financial news website, said generic drugmaker Teva Pharmaceutical Industries is set to name Erez Vigodman as its new Chief Executive on January 13 at the JPMorgan Healthcare Conference in San Francisco, Reuters reported.

Royal Bank of Canada is top dealmaker on Canadian retail M&A- report

The top dealmaker for Canadian retail mergers and acquisitions for 2013 is the Royal Bank of Canada, data from Bloomberg revealed. RBC has held the top spot for the third straight year.


Latest News

Cape Town, South Africa-based investment firm Foord Asset Management has lifted its stake in Johannesburg-based drug maker Adcock Ingram to 15%, according to a regulatory filing on Friday.
Shenzhen Hepalink Pharmaceutical, a Chinese drug maker that trades on the Shenzhen Stock Exchange, will be purchasing Wisconsin-based Scientific Protein Laboratories in a deal worth $337.5 million, the Wisconsin State Journal reported.
Connecticut, US-based pharmaceutical firm Mederi Therapeutics raised $18.5 million in a Series B funding round for the sales and marketing of its treatment for Gastrointestinal Reflux Disease (GERD) and fecal incontinence.
A filing with the US Securities and Exchange Commission revealed that Aptalis Holdings Inc has plans to conduct a share sale on the Nasdaq Stock Market and raise up to $500 million in the process.
Oramed Pharmaceuticals Inc was able to secure $13 million from Special Situation Fund and Sabby Capital Healthcare, according to a report on Globes which cited sources.
Rhoen-Klinukum, which had put up for sale its 43 hospitals and 15 outpatient facilities, expects to get the green light from German antitrust regulators on the proposed sale of most of its assets to rival Fresenius SE & Co.
Hedge fund Elliott International, which owns a 25.16% stake in Celesio, said that reports suggesting it will accept McKesson Corporation's $8.3 billion bid for the German drugs wholesaler are incorrect. Elliott had irrevocably rejected McKesson's offer, saying that it undervalues Celesio.
Carmat, a French medical technology firm, saw its stocks rise 43% after it implanted the first artificial heart in a patient last week, Bloomberg reported.
Retrofit, a fitness company whose clients include Google, Salesforce.com and American Medical Association, has raised $5 million in a Series B funding round lead by Cambia Health Solutions.
Singapore's National Research Foundation has poured in $500,000 in funding in health care startup Ring.MD to give Asian residents easier access to healthcare services online.
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