Monday, September, 16, 2019 10:49:51

Contribution By Paroma Bhattacharya


GSK to acquire the Massachusetts-based biopharmaceutical firm TESARO

British pharmaceutical company, GlaxoSmithKline plc (GSK) has recently entered into a definitive agreement to acquire Massachusetts’ oncology-focused pharmaceutical firm, TESARO, Inc. for an aggregate cash consideration of about $5.1 billion (£4.0 billion). Sources suggest that the proposed deal will significantly strengthens GSK’s pharmaceutical division by …

ResMed plans to purchase digital therapeutics firm Propeller Health

ResMed, a market leader in cloud-based medical equipment & out-of-hospital SaaS solutions, has reportedly declared that it has entered into a definitive agreement for acquiring Propeller Health. The latter apparently, is a digital therapeutics firm offering connected healthcare solutions to people suffering from asthma and …

New Zealand blocks Huawei’s 5G equipment over spying concerns

China’s renowned telecom firm, Huawei Technologies Co., Ltd., has recently been blocked from supplying equipments for its upcoming 5G phone network in New Zealand, over the growing concerns of Chinese surveillance. Sources cite that the move comes after New Zealand’s Government Communications Security Bureau (GCSB) warned the …