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Boston Scientific shares in dramatic fall as the company plans to buy BTG

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Galway Bay fm newsroom – Boston Scientific shares have fallen the most in more than three years after the company said it would buy BTG for 3.7 billion euro
The medical device company is one of Galway’s biggest employers and has a combined workforce of over three thousand people in Galway, Cork and Clonmel.
The deal will give Boston Scientific new products for the treatment of cancer and other disorders, but it will add to the US company’s debt.
The shares in the company, which makes stents for the heart, fell as much as 11 per cent, the biggest intraday drop since August 2015.
However BTG’s shares surged a result of the deal, by as much as 35 per cent, a record gain allowing them to reach their highest level in almost four years in London trading.
BTG makes medical technology for doctors, such as cryoablation products to freeze and destroy diseased cells and radiotherapy that delivers radiation straight to tumors.
The company also makes medicines and antidotes against snake venom for emergency care.
Boston Scientific’s chief executive officer Michael Mahoney says the takeover of BTG will augment the company’s capabilities in important areas of unmet need such as cancer and harmful blood clots
The deal is expected to get the go ahead from BTG

Breaking News

1,432 new cases of COVID-19 nationally; 30 deaths in the past week

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Galway Bay fm newsroom – The Health Protection Surveillance Centre has today been notified of 1,432* confirmed cases of COVID-19.

As of 8am today, 272 COVID-19 patients are hospitalised, of which 63 are in ICU.

There has been a total of 5,209 deaths related to COVID-19 notified in Ireland. This includes 30 deaths newly notified in the past week (since last Wednesday).

Dr Tony Holohan, Chief Medical Officer, Department of Health said:

“We have been closely monitoring the incidence of COVID-19 and we are reassured that that the reopening of schools has not led to an increase in transmission of COVID-19 amongst school-going children or more widely across the population. This is good news for students, parents and all those involved in the education of our children. As always, we will keep disease transmission in the population under review, but given the importance of education for our children we feel that now is the right time to evolve our approach to the public health management of COVID-19 in educational settings.

“From Monday 27 September, we will change how we manage COVID-19 in our schools. Contact tracing of close contacts in childcare facilities and primary education and testing of asymptomatic close contacts in childcare facilities and primary education will no longer be necessary.

“Children aged 12 yrs or under, who are identified as close contacts in childcare, educational settings, special education settings or other non-household settings and who are asymptomatic will no longer be required to routinely restrict movements.

“Given the substantially higher risk of transmission in households as compared to any other setting, children aged 12 yrs or under, who are identified as household close contacts, will still be required to restrict movements and be tested, regardless of whether or not they have symptoms.

“Public health advice remains that any person, including children aged 12 yrs or under who displays symptoms consistent with COVID-19 should rapidly self-isolate and not attend school or to socialise until 48 hours after they are symptom free.”

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Gardai at scene of public order offence at Tuam Graveyard

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Galway Bay fm newsroom – Gardaí are currently at the scene of a public order incident at Tuam Graveyard.

FYI Galway understands the incident, which involves large numbers, broke out after a funeral.

The emergency services are also at the scene, and there are unconfirmed reports of injuries.

The situation is causing long traffic delays in the area.

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Foul play not suspected in discovery of body on Kinvara coastline

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Galway Bay fm newsroom – Following the post mortem examination Gardai are treating the discovery of a woman’s body near the coast in Kinvara as a tragedy which rmeans foul play is not suspected

A person out walking near the shoreline made the discovery at around 11.30 yesterday morning at Doorus, north of Kinvara

Gardai say efforts to identify the deceased are ongoing this evening

A spokesperson for Gort Gardai told FYI Galway the post mortem examination concluded this afternoon and An Garda Síochána are treating the death as a tragedy

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