$340 Billion Mega-Merger Nears Completion in U.S. Pharma History
Today's Headlines:
$340 Billion! The Largest Merger in U.S. Pharmaceutical History Nears Completion
Athos Secures $35.5 Million in Funding for Athlete Health-Sensing Apparel
Benefit: Magazines under the Chinese Medical Association are now available for free reading and download!
Raffles International Hospital Settles in Shanghai Free Trade Zone
Tencent, DXY, and ZhongAn Insurance Jointly Launch Tang Daifu 2.0
Chunyu Doctor and PICC Property and Casualty Insurance Reach Strategic Partnership
$340 Billion! The Largest Merger in U.S. Pharmaceutical History Nears Completion
According to Bloomberg, Pfizer is close to reaching an agreement with Allergan at a price of up to $380 per share. This represents a 22% premium over Allergan’s closing price of $310.38 on Wednesday.
According to insiders, the price agreed upon by the two parties is between $370 and $380. Based on Pfizer’s proposed acquisition price, the combined market capitalization of the two companies exceeds $340 billion. If the deal goes through, their merger will becomePharmaceuticalsOne of the Largest Mergers and Acquisitions in History.
For Pfizer, one of the primary objectives of this merger is to achieve tax avoidance through a “tax inversion.” However, another informed source stated that the guidance on tax inversions issued by the U.S. Department of the Treasury on Wednesday may hinder the finalization of the merger agreement.
Athos Secures $35.5 Million in Funding for Athlete Health-Sensing Apparel
Recently, Athos, a California-based wearable technology manufacturer, secured $35.5 million in financing led by Social Capital, with participation from Lightspeed Venture Partners, Felix Capital, and Joe Lacob, owner of the Golden State Warriors basketball team.
This funding round brings Athos’s total capital raised to $51.2 million. Athos’s most recent prior financing occurred in August 2014.
The Athos shirt features 16 sensors, 12 of which are used to track electromyography (EMG) signals, enabling athletes to monitor muscle exertion intensity, detect muscle fatigue, and determine whether they have achieved their exercise goals. The remaining two sensors are responsible for tracking heart rate, heart rate variability, and dual-pathway breathing patterns.
Athos pants feature eight electromyography (EMG) sensors and four heart rate sensors. The pants also include a small, circular device that transmits sensor data via Bluetooth to a companion app. Through the app, athletes can set training goals, monitor their progress throughout each session, and access historical training records.
Benefit: Magazines under the Chinese Medical Association are now available for free reading and download!
Great news! The Chinese Medical Association is launching its own free full-text search platform, the "Chinese Medical Full-Text Database." Users can locate journals published by the Chinese Medical Association (such as the Chinese Journal of General Practice, the Chinese Journal of Pathology, and the Chinese Journal of Modern Nursing) on the website and access their official sites. No login is required, allowing users outside hospitals to freely search and download full-text articles.
We are pleased to provide you with the database URL: http://journal.yiigle.com. However, the website is currently in the debugging phase and is not yet open to the public.
Raffles International Hospital Establishes Presence in Shanghai Free Trade Zone
On November 18, the groundbreaking ceremony for the Shanghai Raffles International Hospital project was held in Pudong, marking the first Sino-foreign joint venture international hospital to be established in the Pilot Free Trade Zone.
It is reported that Shanghai Raffles International Hospital will be jointly developed by Singapore’s Raffles Medical Group and Shanghai Lujiazui Group, with the renowned Singaporean architectural firm DP Architects undertaking the hospital’s architectural design. The international hospital covers a land area of 12,500 square meters, with a total gross floor area of 40,000 square meters upon completion, and will feature 400 beds.
The hospital offers comprehensive specialized medical services across all disciplines. It will prioritize investments in cardiology, obstetrics and gynecology, oncology, and plastic surgery. Specialists, nurses, and administrative staff from each department will also undergo training in Singapore.
Tencent, DXY, and ZhongAn Insurance Jointly Launch Tang Daifu 2.0
On November 19, Tencent, in collaboration with DXY and ZhongAn Insurance, launched version 2.0 of the Tang Daifu Smart Glucometer, a product jointly developed by the three parties.
Tencent’s Tangdaifu Smart Glucometer serves as a smart terminal connecting DXY and ZhongAn Insurance. DXY will provide online instant consultation and health management services, while ZhongAn Insurance offers rehabilitation incentive insurance services tailored for patients. In the event of complications, patients are covered for up to RMB 20,000. Additionally, if patients adhere to the required blood glucose monitoring regimen, they can receive certain premium rebates, accumulable up to RMB 20,000.
Chunyu Doctor and PICC Property and Casualty Company Reach Strategic Cooperation
On November 18, Chunyu Doctor signed a strategic cooperation agreement on product innovation with PICC Property and Casualty Company. According to the agreement, tailored to the characteristics and different tiers of PICC P&C’s customer base, Chunyu Doctor will provide tiered diagnosis and treatment services leveraging its online health consultation platform, Chunyu Clinics, authoritative medical institutions, and Chunyu International. Additionally, Chunyu Doctor will support PICC P&C in innovating its insurance sales channels.
Zhang Rui, founder and CEO of Chunyu Yisheng (Spring Rain Doctor), stated that Chunyu will rely on insurance for future profitability. “If you purchase our Chunyu Health Insurance, we will assign you a personal physician and cover the costs of medications for offline examinations and treatments at Chunyu Clinics.”
Furthermore, the collaboration between the two parties will extend into the realm of health big data. The integration of Chunyu Doctor’s tens of millions of health consultation records with PICC Property and Casualty’s robust actuarial capabilities holds significant promise for future innovations in product design and revenue models.