MedTech

Orange, AXA acquire majority stake in Moroccan HealthTech company

Orange Middle East and Africa and AXA CIMA entities led by AXA Assurance Maroc announced on Monday a joint agreement to acquire a majority stake in DabaDoc, the Moroccan HealthTech company digitalizing access to healthcare in Africa, alongside the company’s founders. DabaDoc – which was founded by Zineb Drissi-Kaitouni and Driss Drissi-Kaitouni earlier in 2014 […]

WHO grants emergency approval to 2nd Chinese COVID vaccine

The World Health Organization has issued an emergency use listing for the COVID-19 vaccine made by Sinovac for adults 18 and over, the second such authorization it has granted to a Chinese company. In a statement Tuesday, the U.N. health agency said data submitted to its experts showed that two doses of the vaccine prevented […]

Social media heavyweights wooed for Pfizer smear campaign

Social media influencers in France with hundreds of thousands of followers say a mysterious advertising agency offered to pay them if they agreed to smear Pfizer’s COVID-19 vaccine with negative fake stories. French YouTuber Léo Grasset was among those contacted. He said Tuesday that he was offered a potentially lucrative but also hush-hush deal to […]

EU signs new deal with Pfizer-BioNTech, Hungary opts out

The European Union’s executive arm on Thursday finalized a third vaccine contract with Pfizer and BioNTech through 2023 for an additional 1.8 billion doses of their COVID-19 shot to share between the bloc’s countries except for Hungary, which opted out of the deal. The European commission said the contract, which was agreed on behalf of […]

India vaccine-maker hopes to share shots by end of the year

The Serum Institute of India said Tuesday that it hopes to start delivering coronavirus vaccine doses to the U.N-backed effort known as COVAX and to other countries by the end of the year, a delay that will significantly set back global efforts to immunize people against COVID-19. India’s Serum Institute, the world’s biggest vaccine-maker and […]

New MedTech innovation allows tumors to eliminate themselves

MedTech seems to be reaching a new stride everyday as investments into the sector pour in at an accelerated rate, mainly due to the on-going global health crisis. As such, a new technology has been developed by the University of Zurich (UZH), where researchers have successfully achieved innovation that allows the body to produce therapeutic […]

Telemedicine to save healthcare industry $21 billion by 2025

It is without a shadow of a doubt that telemedicine was the champion of the health technology sector during the pandemic, allowing patients the ability to receive consultations and treatments by their doctors without the need for in-person appointments. The COVID-19 pandemic brought with it a tidal wave of technological acceleration across all forms of […]

Panel suggests WHO should have more power to stop pandemics

A panel of independent experts who reviewed the World Health Organization’s response to the coronavirus pandemic says the U.N. health agency should be granted “guaranteed rights of access” in countries to investigate emerging outbreaks, a contentious idea that would give it more powers and require member states to give up some of theirs. In a […]

Vaccine maker BioNTech says no need to waive patents

The head of German pharmaceutical company BioNTech said Monday that there is no need to waive patents on coronavirus vaccines because manufacturers will be able to produce enough shots to supply the world over the coming year. Ugur Sahin, the chief executive of BioNTech, rejected the U.S.-backed proposal to temporarily lift some intellectual property rights […]

Pfizer's posts $4.9B 1Q profit as vaccine strategy pays off

Selling vaccines during a pandemic has boosted Pfizer’s bottom line and proven that a strategy it embarked upon over a decade ago is now paying off handsomely. The New York-based pharmaceutical giant reported Tuesday that it earned $4.9 billion in the first three months of the year and it dramatically raised its profit forecast for […]