On Wednesday, Amedica Corporation (NASDAQ:AMDA)’s shares inclined 8.48% to $0.110.
Amedica Corporation (AMDA) declared the execution of a private label supply agreement with BoTEC Medical, a partner of WinnTi Medical Group and one of the fastest growing orthopedic companies in the People’s Republic of China focused on extremity and spine solutions. This agreement marks the establishment of a long-term collaborative partnership between the two companies.
Following the terms of the non-exclusive private label agreement, Amedica will supply BoTEC Medical with proprietary silicon nitride spinal interbody fusion devices for distribution and sale in their worldwide markets.
“This planned alliance further validates the market adoption of our medical-grade silicon nitride technology platform internationally,” said Dr. Sonny Bal, Chairman and Chief Executive Officer. “Since launching our second generation silicon nitride interbody fusion devices in 2014, we have been pursuing a multi-channel approach to provide broader accessibility to our proprietary silicon nitride biomaterial. We are very happy to partner with BoTEC Medical’s team and look forward to participating in their exciting future as they continue to capture additional market share within and outside one of the fastest growing medical device markets in the world.”
Amedica Corporation, a commercial-stage biomaterial company, develops, manufactures, and sells a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America.
EMC Corporation (NYSE:EMC)’s shares dropped -0.52% to $25.73.
WANdisco (WAND.L) declared two of the largest deals ever for its flagship Fusion product for Hadoop, with a combined value of well over one million dollars. These two new contracts comprise an initial sale to a well-known US financial services firm, and a major expansion deal with an existing customer that is also one of Europe’s largest mobile carriers. Both customers use Fusion to meet stringent SLAs (service level agreements) for their production business applications deployed on Hadoop.
The financial services customer, one of the largest life insurers in the US, faces stringent regulatory and business requirements for guaranteed data compriseency and availability across multiple data centers. Without a large IT staff dedicated to Hadoop support, they also required a solution that was easy to administer with automated disaster recovery to eliminate downtime and data loss. After extensive evaluation, they selected WANdisco Fusion over the backup and recovery solutions offered by the leading Hadoop distribution vendors, in addition to those from several major hardware vendors that not only couldn’t match its capabilities, but also came with much greater cost and complexity.
Both companies appreciate WANdisco Fusion’s flexible, easy-to-deploy architecture that eliminates Hadoop downtime and data loss, and enables them to avoid Hadoop vendor lock-in. WANdisco Fusion can be implemented across mixed storage environments, counting Oracle BDA, IBM Big Insights (IBM), Cloudera, Hortonoperates (HDP), EMC (EMC) and MapR.
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area netoperates (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
UnitedHealth Group Inc (NYSE:UNH)‘s shares dipped -0.75% to $118.92.
UnitedHealthcare and Optum, the health benefits and services companies of UnitedHealth Group (UNH), are taking immediate action to assist people in Mississippi who may be affected by the recent storms and tornadoes.
This comprises assisting health plan participants who may need to make alternate arrangements to ensure continuity of care or access to early prescription refills, and a free emotional-support line to assist people in affected communities.
- Assist Finding a Network Care Provider, Early Refills: Plan participants who need assist finding a care provider in the UnitedHealthcare network or obtaining early prescription refills can call customer care at the number located on the back of their medical ID card.
For plan participants who may have misplaced their medical ID card, call 866-633-2446, 8 a.m.- 8 p.m. (in the local time zone), Monday through Friday. People enrolled in employer-sponsored and individual health plans who have a smartphone can download the freeHealth4Me app, which provides instant access to their ID card, network care providers, their personal health benefits and more. The Health4Me app is accessible as a free download at the Apple iTunes App Store and the Android Market on Google Play.
- Free Assist Line: Optum, a leading health and behavioral health services company, is offering a free emotional-support assist line.
The toll-free number, 866-342-6892, will be open 24 hours a day, seven days a week, for as long as necessary. The service is free of charge and open to anyone. Specially trained Optum mental health specialists assist people manage their stress and anxiety so they can continue to address their everyday needs. Callers may also receive referrals to community resources to assist them with specific concerns, counting financial and legal matters.
UnitedHealth Group Incorporated operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.
