Quanticate has announced plans to build a new, 16,500 square foot facility in Bangalore. The contract research organization offers support in clinical trial data management and analysis, and also post-marketing surveillance. The company expects to add 60 new staff members in the coming months. The Bangalore office marks the second India facility for Quanticate, which also has international offices in the U.S., Poland and South Africa.
Aiming to tap into Israel’s booming digital health sector, Henry Ford Health System is pushing Israeli companies to submit proposals for artificial intelligence applications in healthcare. The competition’s winner will receive up to US$75,000 in funding, and will partner with Henry Ford to develop and introduce its product to the U.S. market. The winner will be announced in early December 2017.
Healthymize emerged from a group of nine digital health startup finalists as the big winner at mHealth Israel’s fourth annual conference. The company offers a digital platform that remotely monitors and analyzes patients’ voice and breathing during voice calls. When patients demonstrate early signs of chronic diseases like asthma or COPD, the application alerts doctors to enable timely intervention. Healthymize’s CEO said the company will launch clinical trials in cooperation with connected-health organizations worldwide within a year.
There is an increased demand to build more hospitals and healthcare facilities across the MENA region, according to a report. This evolving connection between healthcare and real estate may soon become especially prominent, as more real estate investors are apparently considering private investment opportunities in MENA’s healthcare industry as means of alternative asset class migration.
Germany’s Fresenius Medical Care hopes to relaunch its investment program to create a chain of hemodialysis centers in Ukraine. The cost of construction is estimated to be around US$30 million (30 million euros) should government resources be tapped for reform and operation of healthcare services. Fresenius Medical Care Ukraine Director Volodymyr Podvorny predicts that the building of 10 centers, pre-approved since 2008, will be in line with international standards and offer other investment opportunities in the sector.
A nationwide effort to curb pharma corruption in Ukraine, initiated in 2015, has been put into effect by transferring drug procurement duties from local Ukrainian to international organizations such as UNICEF and the UN Development Program. However, anti-corruption officials say there is still more work to be done at the regional and local levels, noting drug prices in regional hospitals are still about 30% to 40% higher than the same drugs offered through international agencies.
Bulgaria formally entered the race to host the European Medicines Agency (EMA), a major European Union regulatory body that is set to relocate from the United Kingdom post-Brexit. Bulgaria is proposing that the agency be housed in its capital, Sofia, currently home to 59 healthcare institutions in the Sofia Tech Park. A decision is expected by the end of September 2017.