Johnson & Johnson to Acquire LifeScan, Inc.; Biom’UP to Build New Production Plant

Biosurgery Equipment Market

When people were infected by germs resistant to antibodies, they used to be treated with use of living organisms such as fly larvae that help in disinfect the wounds by eating rotten and dead flesh. Further, they help in growing new tissues in the wound with the introduction of natural antibodies in it. Surgeons invented a biosurgery technology from this ancient approach, which is also known as larval therapy and maggot debridement therapy. The biosurgery comprises of synthetic and biologic materials which are utilized during the surgery in a bid to eliminate complications, reduce risk of infection, meet different surgical requirements like prevent excess bleeding, improve surgical practices. According to Future Market Insights, the global biosurgery equipment market is estimated to witness expansion at moderate CAGR during 2016-2026. Several leading companies operating in the global market include B. Braun Melsungen AG, Johnson & Johnson Private Limited, Stryker, Baxter, MAQUET Holding B.V. & Co. KG., Sanai, C. R. Bard, Inc., Hemostasis, LLC, and Biom’Up. 

Johnson and Johnson Gets Offer to Acquire LifeScan, Inc.

Johnson and Johnson recently made an announcement that it has been offered with a biding from Private Equity to acquire its LifeScan business, which is related to customary alterations. LifeScan Inc. is frontrunner in blood glucose observing products, which plays an important role in lives of millions of patients living with diabetes as well as following a thorough review of all strategic options. This initiative is the part of their disciplined and ongoing approach to portfolio management to focus on most promising opportunities to help patients and fuel growth.

Johnson and Johnsons company is likely to serve to the patients impacted by diabetes through innovative services, products as well as solutions from its medical devices, consumer business and pharmaceuticals. This comprises of innovation in such areas and important leadership. The last date to accept this offer is June 15, 2018, unless extended, while consultations with relevant works councils are planned.

Biom’Up Announces New Production Plant in Lyon Metropole

Etienne Binanat, Chief Executive Officer, Biom’UP made an announcement of construction of second operational production plant to be constructed in early 2020 and this will generate job opportunities for 150 people. Biom’UP was founded in 2005, a specialist in surgical haemostasis. Biom’Up is immensely taking proud for creation of 150 jobs in Lyon Metropole. Since the day of its foundation, the company has been benefitted from unfailing support of the local community, including private investors, universities as well as public authorities.

In December 2017, Biom’UP received an approval from FDA to market its flagship product, HEMOBLASR Bellows in the US, with an aim of capturing 15% of the market. The company carried out financial transaction on 14 Feb. Biom’UP is an impressive business venture, which reflects the momentum of healthcare and biotech industry along with digital and cleantechs technology. Biom’UP.

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About the Author

Priyanka Bhattacharjee

Priyanka Bhattacharjee is a seasoned research professional, with an insatiable quest for handling complex assignments, based on both pure-play consulting and market-research in the pharmaceuticals and healthcare domain. With over five years of experience, she is well-acknowledged in her field of handling critical research assignments and writing thematic papers. She regularly writes opinion pieces for various online news portals and magazines on a wide range of topics. Having the unique capacity of joining the dots, Priyanka’s exceptional communication skills makes her a pro at handling strategic clients, encompassing multiple domains of industry and business. While not at work, she is an ardent reader of books, pursues music and social activities such as teaching the underprivileged and visiting the old at elderly care centers.

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