CTech's Tuesday Roundup of Israeli Tech News

Samsung mulls acquisition of smartphone camera developer Corephotonics; Teva restructuring cuts deep into Israel’s pharma job market, exports

Samsung mulls acquisition of smartphone camera developer Corephotonics. Corephotonics develops dual camera technologies designed to improve the performance of smartphone cameras. Read more

 

Teva restructuring cuts deep into Israel’s pharma job market, exports. Israel's pharmaceutical export fell 21% in 2018, according to a new report. Teva let go around 1,200 Israeli employees last year. Read more

Teva employees protest. Photo: Amit Sha'al

Amazon in talks to acquire cloud backup startup CloudEndure. In December, Infosys announced it signed a deal to divest its shares in CloudEndure. Read more

 

Wells Fargo, Hill-Rom participate in $39 million round for medtech company EarlySense. The Israel-based company develops a patient monitoring system capable of registering heart and respiratory rates and patient motion. Read more

 

This high-tech ultrasound comb tears lice from the inside. The device developed by Tel Aviv-based startup Parasonic is expected to hit the shelves next summer, with a price tag of $100-$120. Read more

 

Copaxone profit will continue to fall, But Teva is set to double down on biosimilars. Speaking at J.P. Morgan’s Healthcare Conference on Monday, CEO Kåre Schultz said he expects the U.S. generic market to stabilize in 2019. Read more

 

German mapping company Here launches social mobility app. The German mapping company believes people like their solo driving time but will choose to band together for a shared goal or need. Read more

 

Magneti Marelli partnering with Israel-based Adasky. Adasky develops a high-resolution infrared sensor for autonomous vehicles capable of detecting objects around the car in low-visibility environments. Read more

 

RwandAir to launch direct flights between Israel and Rwanda. In September, Israel and Rwanda agreed to open mutual embassies. Read more

 

3D imaging sensor company Vayyar launches fall detection system. The company’s wall-placed sensor automatically calls the user’s emergency contact once a fall is detected, negating the need for users to take any deliberate action in order to get emergency assistance. Read more

 

Israeli gut microbiome-analysis startup DayTwo appoints new VP of technology. Read more

 

Radware buys Indian bot management company ShieldSquare. Read more

 

Reports: Softbank cuts back on planned WeWork investment. Read more