Wednesday, December 11, 2013
Covidien, a global healthcare products company, will acquire all of the outstanding shares of Given Imaging, a provider of technology platforms for visualizing, diagnosing and monitoring the digestive system, for $30 per share in cash, for a total of approximately $860 million. Covidien intends to finance the transaction through cash on hand.
New England-based CRO Agilux Laboratories, a provider of drug metabolism and pharmacokinetics (DMPK) services to sponsors, has expanded its in vivo pharmacokinetics services to support clients’ demands and increased service requirements. The space expansion will allow Agilux to significantly increase its capacity and volume, while maintaining fast study starts.
Johnson & Johnson Innovation, London, has formed a network of partnering offices across U.K. life science clusters. The offices function as extensions of its London Innovation Center, to work with academics and entrepreneurs throughout the U.K. to identify early stage innovation and support the translation of research into new products for patients.
The National Institute for Health Research (NIHR) Clinical Research Network has decreased the time it takes for studies funded by non-commercial organizations, such as charitable organizations and academic institutions, to be included in the NIHR Portfolio of research.