Roche/Ventana
Roche continues pursuit of diagnostic firm Ventana Medical systems, extending its $75-per-share offer to acquire the company until Aug. 23. The drug and diagnostic giant initiated a hostile takeover of Ventana in June, originally extending the offer, equal to about $3 billion in total, through July 26. Ventana's board says the bid - a 44% premium over Ventana's June 22 stock price - is "wholly inadequate." Since the original offer, Ventana's shares have shot up about 60%, closing at $83.02 on July 27. The deal would give Roche entry into the $1 billion tissue-based testing market and provide diagnostic platforms to pair with its targeted cancer drugs (1"The Gray Sheet" July 2, 2007, p. 10)...
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Medtronic announced it received expanded MRI labeling for its DBS systems, which is critical, given that almost 70% of all DBS-eligible patients will likely need an MRI at some point in their care, says Ashwini Sharan, CMO for Medtronic Neuromodulation.
In this episode, Medtech Insight reporter Natasha Barrow speaks to LungLife AI CEO Paul Pagano. Lung Life AI is a US-based AIM-listed medical technology company that has developed a liquid biopsy test for the early detection of lung cancer called Lung LB. Pagano runs through the highlights of Lung Life AI journey to date and its future ambition for a strategic partnership. He also provides advice to similar diagnostic companies seeking reimbursement andcompliance with the US FDA Lab Developed Test ruling.