Hologic Completes Acquisition of Endomagnetics Ltd

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Hologic Completes Acquisition of Endomagnetics Ltd

2024-07-25 20:19 Last Updated At：20:21

MARLBOROUGH, Mass.--(BUSINESS WIRE)--Jul 25, 2024--

Hologic, Inc. (Nasdaq: HOLX), a global leader in women’s health, has completed its previously announced acquisition of Endomagnetics Ltd (Endomag), a privately held UK-based developer of breast cancer surgery technologies, for approximately $310 million.

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“We are thrilled to complete the acquisition of Endomag and are looking forward to working with our new colleagues to increase access to their innovative technologies, which complement and diversify our expanding interventional breast health portfolio,” said Erik Anderson, President of Breast and Skeletal Health Solutions at Hologic. “With our shared commitment to advancing women’s health globally, we are excited to improve outcomes for patients and, together with our customers, redefine the standard of care for breast cancer intervention.”

The transaction adds Endomag’s wireless breast surgery localization and lymphatic tracing solutions – including the Magseed® marker, the Magtrace® lymphatic tracer and the Sentimag® platform – to Hologic’s breast surgery portfolio, providing breast surgeons and radiologists with an expanded range of options and enhanced user experience.

“We are so proud of the company we built and the practice-changing breast surgery technologies that we developed following years of relentless research, innovation and deep engagement with clinicians,” said Eric Mayes, PhD, Chief Executive Officer of Endomag. “As we embark on this new journey with Hologic, I am filled with optimism about the opportunities for our team, our forthcoming innovations and our ability to impact even more women around the world.”

About Hologic

Hologic, Inc. is a global leader in women’s health dedicated to developing innovative medical technologies that effectively detect, diagnosis and treat health conditions and raise the standard of care around the world. To learn more, visit www.hologic.com and connect with us on LinkedIn, Facebook, X (Twitter),Instagram and YouTube.

Forward-Looking Statements

This news release may contain forward-looking information that involves risks and uncertainties, including statements about Hologic’s plans, objectives, expectations and intentions. Such statements include, without limitation: financial or other information based upon or otherwise incorporating judgments or estimates relating to future performance, events or expectations; strategies, positioning, resources, capabilities, and expectations for future performance; and financial outlook and other guidance. These forward-looking statements are based upon assumptions made as of this date and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated.

Risks and uncertainties that could adversely affect Hologic’s business and prospects, and otherwise cause actual results to differ materially from those anticipated, include without limitation: the possibility that the anticipated benefits from the transaction or products cannot be fully realized or may take longer to realize than expected; the possibility that costs or difficulties related to the integration of Endomag operations with those of Hologic will be greater than expected; the coverage and reimbursement decisions of third-party payers and the guidelines, recommendations, and studies published by various organizations relating to the use of products and treatments; the ability to successfully manage ongoing organizational and strategic changes, including Hologic’s ability to attract, motivate and retain key employees; the development of new competitive technologies and products; regulatory approvals and clearances for products; the anticipated development of markets in which products are sold into and the success of products in these markets; the anticipated performance and benefits of products; estimated asset and liability values; anticipated trends relating to Hologic’s financial condition or results of operations; and Hologic’s capital resources and the adequacy thereof.

The risks included above are not exhaustive. Other factors that could adversely affect Hologic’s business and prospects are described in Hologic’s filings with the SEC. Hologic expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements presented herein to reflect any change in expectations or any change in events, conditions or circumstances on which any such statements are based.

Hologic, The Science of Sure, Magseed, Magtrace and Sentimag are trademarks and/or registered trademarks of Hologic, Inc. and/or its subsidiaries in the United States and/or other countries.

Source: Hologic, Inc.

A shy penguin wins New Zealand's bird election after a campaign filled with memes and tattoos

2024-09-16 17:03 Last Updated At：17:10

WELLINGTON, New Zealand (AP) — It's noisy, smelly, shy — and New Zealand’s bird of the year.

The hoiho, or yellow-eyed penguin, won the country’s fiercely fought avian election on Monday, offering hope to supporters of the endangered bird that recognition from its victory might prompt a revival of the species.

It followed a campaign for the annual Bird of the Year vote that was without the foreign interference scandals and cheating controversies of past polls. Instead, campaigners in the long-running contest sought votes in the usual ways — launching meme wars, seeking celebrity endorsements and even getting tattoos to prove their loyalty.

More than 50,000 people voted in the poll, 300,000 fewer than last year, when British late night host John Oliver drove a humorous campaign for the pūteketeke -- a “deeply weird bird” which eats and vomits its own feathers – securing a landslide win.

This year, the number of votes cast represented 1% of the population of New Zealand — a country where nature is never far away and where a love of native birds is instilled in citizens from childhood.

“Birds are our heart and soul,” said Emma Rawson, who campaigned for the fourth-placed ruru, a small brown owl with a melancholic call. New Zealand's only native mammals are bats and marine species, putting the spotlight on its birds, which are beloved — and often rare.

This year's victor, the hoiho — its name means “noise shouter” in the Māori language — is a shy bird thought to be the world's rarest penguin. Only found on New Zealand's South and Chatham islands — and on subantarctic islands south of the country — numbers have dropped perilously by 78% in the past 15 years.

“This spotlight couldn’t have come at a better time. This iconic penguin is disappearing from mainland Aotearoa before our eyes,” Nicola Toki, chief executive of Forest & Bird — the organization that runs the poll — said in a press release, using the Māori name for New Zealand. Despite intensive conservation efforts on land, she said, the birds drown in nets and sea and can't find enough food.

“The campaign has raised awareness, but what we really hope is that it brings tangible support,” said Charlie Buchan, campaign manager for the hoiho. But while the bird is struggling, it attracted a star billing in the poll: celebrity endorsements flew in from English zoologist Jane Goodall, host of the Amazing Race Phil Keoghan, and two former New Zealand prime ministers.

Aspiring bird campaign managers — this year ranging from power companies to high school students — submit applications to Forest & Bird for the posts. The hoiho bid was run by a collective of wildlife groups, a museum, a brewery and a rugby team in the city of Dunedin, where the bird is found on mainland New Zealand, making it the highest-powered campaign of the 2024 vote.

“I do feel like we were the scrappy underdog,” said Emily Bull, a spokesperson for the runner-up campaign, for the karure — a small, “goth” black robin only found on New Zealand’s Chatham Island.

The karure's bid was directed by the students’ association at Victoria University of Wellington, prompting a fierce skirmish on the college campus when the student magazine staged an opposing campaign for the kororā, or little blue penguin.

The rivalry provoked a meme war and students in bird costumes. Several people got tattoos. When the magazine’s campaign secured endorsements of the city council and local zoo, Bull despaired for the black robin's bid.

But the karure — which has performed a real-life comeback since the 1980s, with conservation efforts increasing the species from five birds to 250 — took second place overall.

This weekend as Rawson wrapped up her campaign for the ruru, she took her efforts directly to the people, courting votes at a local dog park. The veteran campaign manager who has directed the bids for other birds in past years was rewarded by the ruru placing fourth in the poll, her best ever result.

“I have not been in human political campaigning before,” said Rawson, who is drawn to the competition because of the funds and awareness it generates. The campaign struck a more sedate tone this year, she added.

“There’s been no international interference, even though that was actually a lot of fun,” she said, referring to Oliver’s high-profile campaign.

It was not the only controversy the election has seen. While anyone in the world can vote, Forest & Bird now requires electors to verify their ballots after foreign interference plagued the contest before. In 2018, Australian pranksters cast hundreds of fraudulent votes in favor of the shag.

The following year, Forest & Bird was forced to clarify that a flurry of votes from Russia appeared to be from legitimate bird-lovers.

While campaigns are fiercely competitive, managers described tactics more akin to pro wrestling — in which fights are scripted — than divisive political contests.

“Sometimes people want to make posts that are kind of like beefy with you and they’ll always message you and be like, hey, is it okay if I post this?” Bull said. “There is a really sweet community. It's really wholesome.”

This story corrects percentage to 1% instead of 10%.