Healthcare

The Therapeutic Goods Administration has launched legal action against Philips Electronics for allegedly supplying CPAP and BiPAP devices, used to assist individuals with sleep apnea, which it knew posed risks to users. 

Asset manager HMC Capital, which owns 11 private hospitals operated by embattled Healthscope, has reached a rent deferral deal with receivers and says other operators have expressed interest in taking up tenancy.

Medical device maker Exactech has reached a settlement in a class action over alleged defective implants, following the US company's bankruptcy.

The Commonwealth Bank has given Healthscope a $100 million lifeline as the embattled hospital giant appoints receivers to negotiate a sale.

Northwest Healthcare Properties REIT has promised to work with potential buyers as Healthscope -- the trust's second largest tenant -- collapses.

Medtech start-up Strongroom AI has lost its bid for a court order blessing its proposal to sell the company to SRSPV Pty Ltd prior to a second creditors meeting.

A class action has been filed against the State of Queensland on behalf of First Nations people alleging inadequate healthcare and substandard medical treatment.

A judge has refused to stay a lease dispute between landlord Dexus and South Australia's premium medical research centre in favour of a contractual dispute resolution mechanism, saying it would be “unjust” to deprive Dexus of a court hearing.

A judge has refused an eleventh-hour application by administrators for Strongroom AI for court approval of a sale offer ahead of a second creditors meeting, likening the bid to “putting a gun to the court's head".

Generic drug maker Sandoz wants to shield information turned up by preliminary discovery orders from the eyes of Amgen patent attorneys in a spat over cheap versions of Amgen's bone disease drugs, and says if they view the material they should be barred from prosecuting future related patents.