Category: Headlines

ABBOTT PARK, Ill., March 23, 2026 /PRNewswire/ — Abbott (NYSE: ABT) today announced it has completed the acquisition of Exact Sciences, establishing Abbott as a leader in fast-growing cancer screening and diagnostics segments and enabling the company to serve millions of additional people. “Abbott’s global scale, track record of operational and commercial excellence and work with healthcare systems around the world will expand access to important tools for early cancer detection and personalized treatments,” said Robert B. Ford, chairman and chief executive officer, Abbott. “With the legacy and deep expertise of the Exact Sciences team, we’re ready to transform cancer care.” Pursuant to the terms of the merger agreement, upon completion of the acquisition, Exact Sciences became a wholly owned subsidiary of Abbott. As a result of the completion of the acquisition, March 20, 2026, was the last day of trading of Exact Sciences shares on the Nasdaq Stock Market. Strategic fit The transaction positions Abbott to advance diagnostics that are more preventative, predictive and personalized while expanding the company’s presence in one of the fastest-growing areas of healthcare as global cancer incidence continues to rise. It also adds a new growth vertical to Abbott’s already high-single-digit growth expectations, establishing leadership in the fast-growing $60 billion U.S. cancer screening and precision oncology diagnostics segments. Industry-leading offerings and pipeline Abbott now has a comprehensive suite of products and differentiated pipeline focused on the early detection of cancer and supporting personalized treatments. This includes the Cologuard® test, a market-leading noninvasive colorectal cancer screening option; Oncotype DX®, which informs personalized treatment decisions for patients with early-stage breast cancer; Oncodetect®, a tumor-informed molecular residual disease (MRD) test to help identify cancer recurrence and guide follow-up care; and Cancerguard®, a multi-cancer early detection blood test. Abbott also adds a leading pipeline of next-generation cancer screening and diagnostics designed to detect cancer even earlier, optimize treatment decisions and enable regular monitoring to help people stay healthy and better manage the disease. About Abbott Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 122,000 colleagues serve people in more than 160 countries. Connect with us at abbott.com and on LinkedIn, Facebook, Instagram, X and YouTube. Source: https://abbott.mediaroom.com/2026-03-23-Abbott-completes-acquisition-of-Exact-Sciences

Obsidian Therapeutics and Galera are merging to form a Nasdaq-listed cell therapy company backed by a $350 million private placement, aiming to advance OBX-115, a next-generation TIL therapy. Obsidian Therapeutics and Galera Therapeutics agreed to merge in an all-stock transaction backed by $350 million in new financing. The merger is set to create a publicly traded cell therapy company focused on advancing a next-generation tumor infiltrating lymphocyte therapy for melanoma and lung cancer. The two companies will become wholly owned subsidiaries of a newly formed combined entity that will operate under the name Obsidian Therapeutics and will apply to trade on Nasdaq under the ticker symbol “OBX.”1 The transaction is expected to close by the third quarter of 2026 and is subject to stockholder approvals and customary conditions. Madan Jagasia, Obsidian’s current CEO, is set to lead the combined company.1 Supporting the merger is an oversubscribed $350 million private placement from a syndicate of new and existing investors including Balyasny Asset Management, Redmile, RA Capital Management, Novo Holdings, Wellington Management, and others.1 The combined company’s cash position is expected to fund operations into the second half of 2028 and through key clinical milestones for Obsidian’s lead asset OBX-115. At closing, pre-merger Obsidian stockholders are expected to own approximately 53.2% of the combined company, private placement investors approximately 45%, and pre-merger Galera stockholders approximately 1.8%.1 What is OBX-115?OBX-115 is Obsidian’s lead engineered TIL cell therapy, currently in a Phase II trial for advanced melanoma and a Phase I trial for non-small cell lung cancer. It is built on Obsidian’s cytoDRIVE platform and is designed to address key limitations of existing TIL therapies.2 Conventional TIL therapies require high-dose interleukin-2, a toxic cytokine administered to help transplanted cells survive, and inpatient lymphodepletion before infusion. OBX-115 incorporates regulatable membrane-bound IL15, which drives TIL persistence and eliminates the need for IL2, enabling outpatient administration with low-dose lymphodepletion.1 The therapy can also be manufactured from tumor tissue obtained through a minimally invasive core needle biopsy rather than a surgical procedure, lowering the procedural burden on patients. FDA has granted OBX-115 both Fast Track and Regenerative Medicine Advanced Therapy designations for unresectable or metastatic melanoma resistant to immune checkpoint inhibitors.2 “At Obsidian, we are striving to deliver a best-in-class TIL cell therapy developed using our proprietary protein-regulation technology,” said Madan Jagasia, CEO of Obsidian. “We believe OBX-115 offers an opportunity to provide patients with an improved TIL product and patient experience. This transaction and the support from leading life sciences investors will allow us to advance our development plans for OBX-115 in melanoma and NSCLC.” Key upcoming milestones include Phase I data from the NSCLC trial expected in the first half of 2027 and topline data from the melanoma registration-enabling trial by year-end 2027. What does Galera bring to the combination?Galera contributes its Nasdaq listing and cash, providing the vehicle for Obsidian to access public markets. Galera stockholders will retain a contingent value right entitling them to 95% of future milestone proceeds for up to ten years from Galera’s October 2025 asset purchase agreement with Biossil.ai for its dismutase mimetics program.1 J. Mel Sorensen, CEO of Galera, said: “We believe this transaction with Obsidian is the best path forward for Galera and look forward to the combined company’s success. Obsidian’s pipeline of novel engineered TIL cell therapies and its promising lead product candidate, OBX-115, offer near-term, value creating milestones for Galera stockholders.” Source: https://www.pharmexec.com/view/obsidian-therapeutics-galera-therapeutics-enter-350-million-merger-agreement

Capstone Hotel Management and Marsden Group have completed their merger, creating New Zealand’s largest locally owned hotel management platform, with over 40 properties nationwide. The merger combines Capstone’s third-party hotel management expertise with Marsden Group’s capital strength and hospitality investment portfolio, positioning the group to compete directly with international operators and accelerate growth through acquisitions, management agreements, and a stronger presence across regional and metropolitan markets. As part of the transaction, Capstone Hotels & Resorts Limited forms part of the enlarged Marsden Group, operating within a unified group structure. Capstone Hotels & Resorts Limited continues operating as a distinct brand within the expanded group, preserving its identity and management philosophy while benefiting from greater national reach and shared executive capability. Sajad Bassam is appointed chief executive officer of the combined group, with founder of Capstone, Clare Davies retaining an equity stake in the business and serving as chief operating officer, while also sitting on the boards of both Capstone and Marsden Group. “As international hotel operators expand into New Zealand, independent platforms need scale to compete effectively,” Bassam said. “With Capstone, we are creating a stronger, more scalable group that can pursue opportunities with confidence and deliver long-term value for our owners and partners. Our growth will focus on targeted acquisitions, expanded management agreements, and new development partnerships in key regional and gateway markets.” “It’s an exciting milestone for our business,” Davies said. “Our focus is on delivering a seamless integration across our systems, people and operating platforms, ensuring continued performance across the portfolio. For our owners and guests, this represents a strengthening of capability behind the scenes, while maintaining complete continuity.” The merger of Capstone Hotel Management and Marsden Group is effective 1 April 2026. The enlarged platform brings together national sales capability, consolidated revenue management infrastructure, and enhanced procurement leverage across the combined portfolio. With a national network of approximately 45 properties and more than 2,500 rooms under management and investment oversight, the group has the scale to attract institutional partners, develop strategic relationships, and support sustainable portfolio expansion. Marsden Group’s portfolio of five brands includes Marsden Hotels & Resorts, Ramada, Wyndham Garden, Microtel by Wyndham and now Capstone Hotels & Resorts. Source: https://travelweekly.com.au/capstone-and-marsden-group-merge-to-form-new-zealands-largest-independent-hotel-platform/

The merger creates a 45-property platform with 2,500+ rooms, combining Capstone’s management expertise with Marsden’s capital to compete with international operators. Capstone Hotel Management and Marsden Group are pleased to announce the successful completion of their merger, creating New Zealand’s largest locally owned hotel management platform, with over 40 properties nationwide. The merger combines Capstone’s third-party hotel management expertise with Marsden Group’s capital strength and hospitality investment portfolio, positioning the group to compete directly with international operators and accelerate growth through acquisitions, management agreements, and a stronger presence across regional and metropolitan markets. As part of the transaction, Capstone Hotels & Resorts Limited forms part of the enlarged Marsden Group, operating within a unified group structure. Capstone Hotels & Resorts Limited will continue operating as a distinct brand within the expanded group, preserving its identity and management philosophy while benefiting from greater national reach and shared executive capability. Sajad Bassam is appointed Chief Executive Officer of the combined group, with Founder of Capstone, Clare Davies retaining an equity stake in the business and serving as Chief Operating Officer, while also sitting on the boards of both Capstone and Marsden Group. Sajad Bassam said the merger was about building a platform for strategic long-term growth in New Zealand. “As international hotel operators expand into New Zealand, independent platforms need scale to compete effectively. With Capstone, we are creating a stronger, more scalable group that can pursue opportunities with confidence and deliver long-term value for our owners and partners. Our growth will focus on targeted acquisitions, expanded management agreements, and new development partnerships in key regional and gateway markets,” said Sajad. Clare Davies said the immediate focus was on people and integration. “It’s an exciting milestone for our business. Our focus is on delivering a seamless integration across our systems, people and operating platforms, ensuring continued performance across the portfolio. For our owners and guests, this represents a strengthening of capability behind the scenes, while maintaining complete continuity,” said Clare. The merger of Capstone Hotel Management and Marsden Group is effective 1 April 2026. The enlarged platform brings together national sales capability, consolidated revenue management infrastructure, and enhanced procurement leverage across the combined portfolio. With a national network of approximately 45 properties and more than 2,500 rooms under management and investment oversight, the group has the scale to attract institutional partners, develop strategic relationships, and support sustainable portfolio expansion. Marsden Group’s portfolio of five brands includes Marsden Hotels & Resorts, Ramada, Wyndham Garden, Microtel by Wyndham and now Capstone Hotels & Resorts. Source: https://www.hospitalitynet.org/news/4131562/capstone-hotel-management-and-marsden-group-merge-to-form-new-zealands-largest-independent-hotel-platform

Heidelberg Materials has announced a binding agreement to acquire the construction materials business of Maas Group Holdings for approximately EUR 1.023 billion. The deal will strengthen its aggregates and concrete capabilities across Eastern Australia. The transaction includes 40 quarries with reserves exceeding 350 million tonnes, 22 ready-mixed concrete plants, two asphalt operations, and a recycling site, along with adjacent activities. Dr Dominik von Achten, Chairman of the Managing Board of Heidelberg Materials, stated: “We are taking a significant step to expand our business in Australia, focusing on further improving our aggregates capacity and concrete supply capabilities in a core market. This reflects our commitment to a pure-play strategy as a leading global heavy building materials company in the industry.” Strengthening market presence and sustainability With operations spanning New South Wales, Queensland, and Victoria, Maas Group’s construction materials business employs over 1,000 people. The acquisition is expected to deliver substantial synergies, with an EBITDA multiple of 8.4× based on proforma EBITDA for the next 12 months post-completion. René Aldach, Chief Financial Officer of Heidelberg Materials, highlighted the benefits: “We are complementing our market presence in attractive regions while leveraging substantial synergies. Our growing base of customers along the Eastern Seaboard will particularly benefit from an expanding network of aggregates, asphalt, and ready-mixed concrete sites delivering high-quality, sustainable products.” The acquisition aligns with Heidelberg Materials’ focus on sustainability, with plans to integrate the recycling site into its operations to promote circularity in building materials. Additionally, the deal supports the company’s broader strategy to optimise its portfolio and drive growth in core markets. Regulatory approvals and timeline The transaction is subject to regulatory approvals from the Australian Competition and Consumer Commission and the Foreign Investment Review Board, as well as Maas Group shareholder approval. Completion is expected in the second half of 2026, pending satisfaction of these conditions and other customary closing requirements. This acquisition underscores Heidelberg Materials’ ambition to strengthen its role in the Australian construction materials market while advancing its sustainability and circular economy goals. Source: https://www.european-coatings.com/news/markets-companies/heidelberg-materials-expands-australian-footprint-with-maas-group-acquisition/

GlobalData analyst Dr Andrew S Thompson’s states Medtronic could significantly grow Scientia’s micro guidewire franchise if they can replicate its US success on the international stage. Medtronic has agreed to acquire Scientia Vascular in a $550m deal positioned to advance the company’s international presence in the neurovascular guidewire market. Under the agreement, which holds the potential for undisclosed earn-out and milestone payments post-acquisition, Medtronic will inherit the Utah-based company’s portfolio of access microcatheters and micro guidewires. Scientia’s products are used in navigating cerebral vasculature associated with the treatment of various neurovascular conditions. Medtronic anticipates that the products will enable “faster and more reliable” access during treatment procedures for conditions such as acute ischemic stroke. Linnea Burman, senior vice president and president of Medtronic’s neurovascular business, commented: “This acquisition positions Medtronic with a full suite of products. It builds a strong foundation for Medtronic and supports procedures across both haemorrhagic and acute ischemic stroke.” Scientia’s CEO, Rick Randall, stated that its acquisition by Medtronic would allow the company to take its engineering “into disease states globally”. GlobalData analysis reveals that the global interventional neuroradiology market, which includes neurovascular products such as micro guidewires, is growing at a CAGR of 8.6% and projected to reach a valuation of around $9.8bn in 2035, up from $4.3bn in 2025. Source: https://www.medicaldevice-network.com/news/medtronic-to-strengthen-neurovascular-business-with-550m-scientia-vascular-acquisition/?cf-view

Developer of optical pulse oximetry devices for blood oxygen monitoring to join Danaher’s diagnostics segment. Danaher, the NYSE-listed biotechnology and diagnostics company, is to acquire Masimo Corporation, the California-based firm best known for its development of optical pulse oximetry devices widely used in hospitals to monitor blood oxygenation in patients. The near-$10 billion deal brings to a close a tumultuous period for Masimo that saw the company part ways with founder-CEO Joe Kiani and sell its non-healthcare business in audio technology, but also win more than $600 million in damages from Apple for patent infringement. Expansion plansThe two firms say that Masimo will become a standalone business unit and brand within Danaher’s “diagnostics” unit, and will operate autonomously. Masimo’s current CEO Katie Szyman said: “We look forward to joining Danaher and continuing our growth and momentum as the global leader in patient monitoring. Danaher shares our commitment to investing in talent and innovation and will be an ideal fit to help power the next chapter of Masimo. “Importantly, becoming part of Danaher’s Diagnostics segment will strengthen our ability to scale our monitoring technologies globally and accelerate our mission of delivering Masimo innovations that empower clinicians to transform patient care.” Danaher’s CEO Rainer Blair added: “We’ve followed this innovative company for many years and see it as an exceptional strategic fit for Danaher. “Masimo is a leader in pulse oximetry and other patient monitoring solutions, which combined with its trusted brand and differentiated technology, will greatly strengthen our diagnostics franchise. “With the Danaher Business System and our global scale, we see opportunities to expand Masimo’s reach and continue improving outcomes for patients, particularly those in acute care settings.” Diagnostics business unitNews of the agreement sent Masimo’s Nasdaq-listed stock price up in value by more than 30 per cent, with the $180-per-share purchase price last achieved just under a year ago. During their most recent financial update, Masimo’s executive team indicated that the company would likely post sales revenues of just over $1.5 billion in its full-year 2025 results due next week, down from the $2 billion figure for 2024 that also included the non-healthcare audio business. Danaher said that under its ownership, Masimo is expected to generate annual earnings before interest, tax, depreciation and amortization (EBITDA) of more than $530 million by 2027. The parent company, which is renowned for its attention to operating efficiencies, says that it expects to realize more than $125 million in cost savings within five years of the acquisition closing, which is currently expected to happen by the end of this year. Joining Danaher’s diagnostics business unit will see the firm come under the same corporate umbrella as Beckman Coulter, pathology specialist Leica Biosystems, and point-of-care blood diagnostics firms HemoCue and Radiometer, as well as molecular testing expert Cepheid, and breast biopsy pioneer Mammotome. Source: https://optics.org/news/17/2/15

US media conglomerate Paramount Skydance announced Friday it will acquire Warner Bros. Discovery in a deal valuing the combined company at $110 billion, after beating Netflix in a bruising bidding war. The agreement ends a five-month saga and creates an entertainment behemoth whose impact on a struggling media landscape — and connections to Donald Trump’s White House — will be closely scrutinized. The merged entity will include CNN, CBS, HBO and Nickelodeon as well as some of Hollywood’s most valuable franchises, including Harry Potter, Game of Thrones, the DC Universe, Mission Impossible and SpongeBob SquarePants. Under the terms of the agreement, Paramount will pay $31.00 per share in cash for all outstanding Warner Bros. shares, implying an equity value of $81 billion — and $110 billion when including the mountain of debt Paramount will take on. The transaction has been unanimously approved by both companies’ boards and is expected to close in the third quarter of 2026, the companies said. “Our pursuit of Warner Bros. Discovery has been guided by a clear purpose: to honor the legacy of two iconic companies while accelerating our vision of building a next-generation media and entertainment company,” said Paramount chairman and CEO David Ellison. The deal closes a battle that ended Thursday when Netflix walked away, unwilling to match Paramount’s latest offer. Wall Street praised the deal, with shares of Paramount up more than 20 percent Friday. Simultaneously, Netflix was up nearly 14 percent, as many investors concluded the fight had not been worth it for the streamer. “Netflix’s withdrawal from the race will leave it free to refocus on its business, while its closest competitors grapple with long and distracting regulatory approval and merger integration processes,” said HSBC analyst Mohammed Khallouf. Questions now pivot to the Ellison family, which will control a constellation of media properties spanning the globe — though at the cost of accumulating a pile of debt. If regulators approve the deal, David Ellison is widely expected to embark on a painful round of cost-cutting to pare down the load. His father, Oracle billionaire Larry Ellison, one of the world’s richest men, largely financed the takeover, offering a financial guarantee that finally persuaded the Warner Bros. board. Larry Ellison is also a longtime ally of President Donald Trump, who said he would weigh in on the deal. Both Paramount and Netflix sought to curry favor with the White House, with Paramount winning out. The deal still faces regulatory hurdles. The European Commission is reviewing the merger, as are several US states, including California. “Paramount/Warner Bros is not a done deal,” California Attorney General Rob Bonta said Friday. The Paramount offer includes financing from three Middle Eastern sovereign wealth funds — those of Saudi Arabia, Qatar and Abu Dhabi — which could also attract extra scrutiny on national security concerns. Paramount has offered a $7 billion regulatory termination fee should the deal fail to close on regulatory grounds, and has covered the $2.8 billion breakup fee Warner Bros. Discovery owed Netflix when it walked away from their agreement. Source: https://sg.news.yahoo.com/finance/news/paramount-skydance-deal-reshapes-warner-100811780.html

BEIJING, Feb 10 (Reuters) – China has approved private equity firms Blackstone (BX.N), opens new tab and TPG’s (TPG.O), opens new tab acquisition of medical diagnostics firm Hologic (HOLX.O), opens new tab, according to a list of deal approvals from the country’s market regulator released on Tuesday. Hologic, which develops and distributes medical imaging and diagnostic products for women’s healthcare, has manufacturing operations and a partnership in China. The State Administration for Market Regulation did not detail whether the approval was for the acquisition of specific Hologic China-based units. Source: https://www.reuters.com/world/asia-pacific/china-regulator-approves-blackstone-tpg-acquisition-medtech-firm-hologic-2026-02-10/

SINGAPORE, Feb 11 (Reuters) – Singapore-based consumer dental firm Zenyum and India’s MakeO Toothsi said on Wednesday that they were planning to merge, aiming to create what they called Asia’s leading consumer dental company spanning markets from the Middle East to Japan. The companies said in a statement that the transaction was expected to be completed by the end of February, pending customary approvals. Source: https://www.reuters.com/world/asia-pacific/zenyum-makeo-toothsi-merge-creating-asian-consumer-dental-group-2026-02-10/