HEALTHCARE
Medtronic Jerusalem unit to lay off 60
Medical device giant Medtronic, which has 1,000 employees at eight development centers in Israel, is set to lay off 60 employees at its Jerusalem Oridion development center.
Roche to buy 89bio for up to $3.5b
The company, which was founded in Israel, has a drug for treatment of fatty liver in phase III trials, which was initially an asset of Teva.
Analysts see huge upside in Teva
According to "The Wall Street Journal," the average target price of 11 investment institutions covering Teva's stock is $24.29, a 57.9% premium on the current share price.
Israeli co Restore Medical raises $23m
The company's transcatheter approach introduces a new minimally invasive therapeutic option for heart failure patients who have limited effective treatments today.