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Medtech jobs weekly snapshot: UK health and technology R&D campus gets green light

From 2 April to 9 April 2021, 13,202 medtech jobs were posted worldwide, according to the GlobalData jobs analytics tool. Thousands of new medtech jobs could soon be coming to the UK, as proposals for a new R&D campus in Birmingham have been recommended for the green light.

Between 2 April and 9 April 2021, 13,202 medtech jobs were posted worldwide by 354 companies, according to the GlobalData jobs analytics tool.

This was a return to typical listing numbers following the previous week, when only 9,025 jobs were posted.

The majority of listings came from Danaher Corp, which posted 1,117 jobs, followed by Sonova Holding with 821 and Biotronik with 737.

Sonova inaugurated one of Switzerland’s first-ever carbon-neutral offices into its operations this week. The Sonova Wireless Competence Centre will be home to its subsidiary Phonak Communications, which manufactures wireless communication systems and intelligent hearing protection devices, piggybacking off Sonova’s hearing aid technology.

Birmingham Health Innovation Campus set for green light

Proposals for a new R&D campus in Birmingham, UK have been recommended for the green light.

An application for the Birmingham Health Innovation Campus (BHIC) has been brought forward by the University of Birmingham and Bruntwood SciTech. The site would comprise of approximately 10.6 acres of land, located in close proximity to both the University of Birmingham and the Queen Elizabeth Hospital Birmingham.

One operational, the development is expected to create 2,146 jobs. A further 2,950 jobs could emerge due to the direct and indirect impact of the development on supply chain businesses throughout the West Midlands.

Source: https://www.medicaldevice-network.com/

Hologic pens $795M Mobidiag buyout to expand in acute care testing

Hologic has used the pandemic-driven growth of its diagnostics business to make a string of deals. The company set the tone in the first week of January, when it disclosed the $64 million acquisition of Somatex and the $230 million takeover of Biotheranostics, before going on to reach a $159 million agreement with Diagenode in March.

Analysts at SVB framed the latest deal as part of the same strategy that drove the earlier acquisitions, contending the “faster-growing, complementary/leverageable technologies” will help Hologic exit the pandemic “with a strengthened growth profile and overall financial/competitive position across its business segments.” Evercore ISI analysts called the deal “compelling.”

The takeover of the Finland-based medtech will move Hologic into an acute care testing space adjacent to its existing diagnostic capabilities and expand its international presence. Analysts at SVB estimate the acute care market is growing at around 20% a year.

Mobidiag has two automated platforms, Amplidiag and Novodiag. Hologic focused its statement on, and committed to investing in, Novodiag, which uses real-time PCR and microarray capabilities to enable testing for multiple pathogens in a single sample. The multiplexing is potentially useful in management of patients who present with symptoms that could be attributable to many pathogens. By giving a result in one hour, the test could enable timely treatment of the cause of the problem.

Analysts at Evercore highlighted Mobidiag’s ability to test for more than 100 organisms and as few as one organism on the same system as a differentiator. The analysts also see ease of use and cost of goods sold as areas in which Mobidiag may have advantages.

The two platforms underpinned sales of $42 million at Mobidiag last year. Hologic expects the deal to be dilutive to its earnings in fiscal 2022 and 2023, in part due to its plan to invest in the development of assays for Novodiag. Evercore analysts predict Hologic could grow sales to $300 million a year over the next five years.

Hologic expects the Mobidiag takeover to close in the fourth quarter of its fiscal year.

Source: https://www.medtechdive.com/news

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