Abbott Park, IL — Abbott today announced a definitive agreement with the Solvay Group for Abbott to acquire Solvay’s pharmaceuticals business for EUR 4.5 billion ($6.6 billion) in cash, providing Abbott with a large and complementary portfolio of pharmaceutical products and a significant presence in key global emerging markets. (more…)

Miami, FL - OPKO Health Inc. (NYSE Amex:OPK) has entered into definitive agreements to raise an aggregate of $30 million in a private placement transaction. (more…)

Memphis, TN - SSM Partners, a venture capital firm focused on expansion stage companies, has secured $56.7 million in new commitments for its fourth fund targeted at $125 million, according to a filing with the U.S. Securities and Exchange Commission. (more…)

Atlanta, GA - MedShape Solutions Inc. has closed on $10 million in equity backing from private investors and received U.S. Food and Drug Administration clearance to market its PEEK orthopedic shape memory material. (more…)

Raleigh, NC - St. Jude Medical Inc. has invested $15 million in Raleigh-based Micell Technologies to help the company expand use of its stent coating technology into potential new medical applications. (more…)

Alachua, FL - Axogen Inc., a company commercializing technology that repairs peripheral nerves, has raised more than $2.6 million toward its D round of financing, according to a regulatory filing. The company has not yet decided on the total amount it will raise in the new round, says Karen Zaderej, chief operating officer. (more…)