Page 10 - Healthcare Sector

Dabur India looking for acquisitions with Rs 7,000 cr cash reserve: CEO

Homegrown FMCG maker Dabur India, armed with a cash reserve of Rs 7,000 crore, is scouting for acquisition opportunities in healthcare and home & personal care segments, according to its CEO Mohit Malhotra. Besides, Dabur is looking for acquisition opportunities in the online space, and with several D2C (Direct to Consumer) brands operating in it, it finds the valuation "more reasonable" now and will pursue it if it finds a suitable one for growth, he said. The company is scaling its presence in the online space, which includes e-commerce channels and D2C business, where it plans to introduce more innovations under existing brands and through inorganic opportunities. "We are introducing innovations there. Those innovations are coming on the back of existing brands and these innovations will come on the back of some new brands that we might launch or we are looking at an acquisition for a new brand," Malhotra told PTI. The company would pursue organic growth with new brand launches

India pitches for equitable access to essential healthcare products

India on Tuesday called for equitable access to essential healthcare products and their last-mile delivery to ensure innovations reach those who need the most. Addressing a meeting of the second World Local Production Forum (WLPF) at Hague in the Netherlands, Minister of State for Chemicals and Fertilisers Bhagwant Khuba urged the Forum to focus on "last-mile delivery of healthcare products to ensure that the benefits of innovations reach those who need them most and guarantee equitable access to essential healthcare products.". WLPF is an initiative of the World Health Organisation (WHO). The minister also said that the Forum must focus on marketing, upscaling regional manufacturing, efficient procurement and delivery systems, and repurposing existing infrastructure for efficient coordination during health emergencies, an official statement quoted Khuba as saying. He said this meeting provides a crucial opportunity to share experiences, challenges and successes in the development

Dr Lal PathLabs Q2 results: Profit jumps 54.8%, revenue rises 12.63%

Dr Lal PathLab's share price rose to 3.30 per cent, ending the day's trade at Rs 2,455 apiece on the BSE

India's healthcare ecosystem undergoing change: KPMG India co-head

KPMG-FICCI study suggests more than 20 new healthcare models emerging in India

Govt addressing lack of human resource supply in hospitals, says V K Paul

Paul highlights major infra push given in healthcare sector

Aster DM Healthcare's India unit draws suitors valuing business at $1.5 bn

Aster shares have soared about 40% this year, valuing the Mumbai-listed company at about $1.9 billion

Thousands of US healthcare workers go on strike over wages, staff shortages

Picketing began Wednesday morning at Kaiser Permanente hospitals as some 75,000 health care workers go on strike in Virginia, California and three other states over wages and staffing shortages, marking the latest major labour unrest in the United States. Kaiser Permanente is one of the country's larger insurers and health care system operators, with 39 hospitals nationwide. The non-profit company, based in Oakland, California, provides health coverage for nearly 13 million people, sending customers to clinics and hospitals it runs or contracts with to provide care. The Coalition of Kaiser Permanente Unions, representing about 85,000 of the health system's employees nationally, approved a strike for three days in California, Colorado, Oregon and Washington, and for one day in Virginia and Washington, DC. The strikers include licensed vocational nurses, home health aides and ultrasound sonographers, as well as technicians in radiology, X-ray, surgical, pharmacy and emergency ...

'AIIMS Delhi lived up to its reputation as premier healthcare institution'

Over the 68 years of existence, AIIMS-Delhi has truly lived up to its reputation as the premier healthcare institution of the country, Minister of State for Health S P Singh Baghel said on Monday. Presiding over the 68th Foundation Day celebrations of the All India Institute of Medical Sciences, New Delhi, he expressed happiness that for the sixth consecutive year, the institute has been ranked number one among medical institutions in the National Institute Ranking Framework of the Ministry of Education. The Union minister said that AIIMS has become a brand with its reputation spread across the country. Today, every child across India has heard the name of AIIMS, Baghel said. He encouraged officials to maintain this image and take the AIIMS brand to greater heights. The Union minister said that India's healthcare sector is now comparable to that of any developed country because of its highly trained human resources. Indians comprise a high percentage of doctors even in developed .

Pristyn Care looks to double revenue to Rs 2k cr, turn a profit by FY25

This comes at a time when firm has recently found itself in hot water after facing criticism from patients who claimed that the company forced them to undergo surgeries in a bid to rake in extra cash

Implementation of technology changed dynamics of healthcare delivery: Min

Speaking on National Digital Health Mission, mansukh Mandaviya said that the government is opening the Ayushman Bharat Health Account (ABHA)

England's NHS introduces 7-minute 'under the skin' cancer treatment

This new method allows cancer patients to receive the immunotherapy drug 'Atezolizumab' through an injection, as opposed to intravenous administration which can take up to an hour

Sales, margin outlook remain strong for P&G Hygiene and Healthcare

The company reported double-digit sales growth, and margin expansion in the June quarter

Omron Healthcare starts construction of manufacturing unit in Tamil Nadu

The new manufacturing unit is expected to start functioning by March 2025

PharmEasy to raise Rs 2,400 cr, Manipal Group likely to invest Rs 1,000 cr

The fundraising will be done via a rights issue where the stock will be sold at a 90 per cent discount at Rs 5 per share

Financial irregularities found at Mojocare after review, say investors

Investors in the Bengaluru-based firm in a statement said that they have found financial irregularities and also said that the business model is not sustainable

No plans to sell stake in consumer healthcare biz: Sanofi India MD Hrosz

'Our insulin portfolio today offers best-in-class insulin for better diabetes management'

Sanofi consumer brands get a shot in the arm on demerger decision

Sanofi Consumer Healthcare India is expected to be listed on both the BSE and NSE, the company said in an exchange notification

Apollo opens genomic institute in Chennai, to open three more in 2023

Facility will offer services genetic evaluation, clinical diagnostics, obstetric genetics, cancer genomics and other services

Hospitals raise tech bet as India emerges as hub for complex surgeries

Experts say corporate hospitals are estimated to spend anything from 5 to 8 per cent of their top line on acquiring and upgrading technology

G20 meet in Goa to focus on health emergencies, prevention, preparedness

The second meeting of the G20 health working group (HWG) in Goa beginning on Monday will leverage the advocacy power of the forum for consolidation of all the existing initiatives in health emergencies, prevention and preparedness, an official said. There will also be focus on the response arena to plug critical gaps in global health architecture, he said. Apart from India, delegates from 19 G20 member states, 10 countries and 22 international organisations will be participating in the second HWG meeting, Union Ministry of Health and Family Welfare's Additional Secretary Lav Agarwal said at a press conference here on Sunday. He said health priorities were introduced in the first HWG meeting held in Thiruvananthapuram in January. The group in principle agreed for three proposed priorities, including mapping ongoing initiatives in health emergencies, prevention, preparedness and response and promoted convergence in global health architecture, he said. The HWG has also proposed ...