Industry News

We found the following news articles worth reading …
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LinkedIn Announces Verification for Recruiters To Help Address Scam Pitches - LinkedIn has announced a new verification badge for recruiters in the app, which will help to address the raft of recruitment scams and spammy outreach.
https://www.socialmediatoday.com/news/linkedin-announces-verification-recruiters-help-address-scam-pitches/712732/

J&J to acquire Shockwave Medical for $13.1B - Shockwave makes medical devices that break up calcium deposits in coronary arteries using sound pressure waves, a technique called intravascular lithotripsy (IVL).
https://www.medtechdive.com/news/jnj-shockwave-medical-acquisition/712374/

With deal to buy 7 Recipharm plants, private equity firm Blue Wolf plans new CDMO - One of the sector’s most powerful companies, Recipharm, has sold off seven of its manufacturing and development facilities in Europe to Blue Wolf Capital. The U.S. private equity firm has purchased plants in Parets, Spain; Pessac, France; and five in Recipharm’s home country of Sweden.
https://www.fiercepharma.com/manufacturing/divesting-recipharm-reveals-plan-sell-7-plants-while-completing-sale-3-others

CAD vendors must go all in on AI - AI a golden opportunity for design software vendors.
https://www.engineering.com/story/cad-vendors-must-go-all-in-on-ai

Medtech layoffs continue in 2024 - Medtronic, Baxter and QuidelOrtho are among the latest medical device companies that have announced plans to cut employees.
https://www.medtechdive.com/news/medtech-layoffs-continue/707294/

Johnson Matthey to divest medical device business for $700m - UK-based technology company Johnson Matthey has entered a definitive agreement for the sale of its medical device components (MDC) division to private equity company Montagu in a £550m ($700m) cash deal.
https://www.medicaldevice-network.com/newsletters/johnson-matthey-medical-device-business/

LinkedIn’s Testing a Premium Company Pages Business Subscription Option - LinkedIn’s trying out a new subscription option, in line with its LinkedIn Premium offering, though this time it’s targeting businesses, with LinkedIn Premium Company Pages.
https://www.socialmediatoday.com/news/linkedins-testing-premium-company-pages-business-subscription-option/713532/

The top 20 pharma companies by 2023 revenue - J&J was No. 1 in 2023 by a comfortable margin over No. 2 Roche, which raked in sales of $58.7 billion Swiss francs ($67 billion) last year.
https://www.fiercepharma.com/pharma/top-20-pharma-companies-2023-revenue

‘We think in decades’: J&J’s $30B spending spree may not be over - Johnson & Johnson has recently spent more than $30 billion on acquisitions, picking up both medtech and pharmaceutical assets along the way. Despite the brisk pace, the healthcare giant’s spending spree may not be over any time soon.
https://www.medtechdive.com/news/jnj-earnings-deals-shockwave-abiomed/713292/

Start up grant aims to support medical device industry innovation - Springboard Pro has launched its 2024 Start-up Grant. This program is specifically tailored to assist fledgling medical device start-ups in the design and development of early-phase concepts with a £20,000 Springboard project.
https://www.medicalplasticsnews.com/news/latest-medical-plastics-news/start-up-grant-aims-to-support-medical-device-industry-innov/