Page 7 - Healthcare Sector

Apollo Hospitals lines up Rs 3,000 crore investment post Advent deal

Advent and Apollo HealthCo have entered into a deal through which Advent will invest Rs 2,475 crore into Apollo HealthCo

Dr Basu Eye Hospital plans to open five new hospitals in India in 5 years

The hospital claims that the costs of their treatments are significantly lower compared to traditional surgeries and modern medical treatments

India's role in medical product space represents unique opportunity: FDA

The role of India in the medical product field represents both a unique opportunity and an important responsibility, the head of the US Food and Drug Administration has said, ahead of the annual India-US BioPharma & Healthcare Summit. The summit will take place in Boston later this week. Dr Robert Califf, US FDA Commissioner will be one of the keynote speakers at the 18th edition of the annual largest gathering of pharma and healthcare sectors from the two countries, organised by USA India Chamber of Commerce. During the day-long summit, Dr Califf will share insights from his significant visit to India last September, which holds paramount importance for both countries, USA India Chamber of Commerce said in a statement on Sunday. I recently visited India with a central purpose in mindto strengthen our collective efforts to advance the development and availability of medical products that both our countries and the rest of the world need, he said. I knew, going into my trip, that .

Cipla Health signs agreement, strengthens beauty play with Ivia's brands

Cipla Health strengthens beauty play in Tier II-VI towns with Ivia Beaute's cosmetics, personal care distribution and marketing biz

Healthcare solution provider Enhanced Innovations launches 'Phloton'

A portable cold chain solution for last-mile vaccine delivery

Valuations hurdle likely to keep GSK Pharma stock under pressure

Even as the top pharmaceutical peers delivered a double digit growth in the December quarter, sales for GSK Pharma at Rs 805 crore was flat

Manipal Health Enterprises nears Rs 1,400 crore deal to acquire Medica

Manipal Health Enterprises (Manipal Hospitals) currently operates 9,500 beds across 33 hospitals in India. Medica has a presence in eastern India with 1,200 beds

Dr Reddy's to market Bayer's second brand of heart failure drug in India

Under the agreement, Dr Reddy's will market Vericiguat under the brand name Gantra

Johnson & Johnson to buy equipment maker Shockwave Medical for $12.5 bn

Under the deal, J&J would pay $335 per share in cash for the medical device maker. The offer price implies a 4.7% premium to Shockwave's last close of $319.99 on Thursday

SS Innovations to start first human trials for remote telesurgery soon

Srivastava added that telesurgery will allow surgeons to perform procedures on patients who are not physically present in the same location as them

Four years after lockdown, frontline workers reflect on pandemic days

Looking back, moving on: Doctors, nurses, ambulance drivers say Covid-19 has left them life-altering lessons

Doctors in S Korea facing license suspensions, all you need to know

South Korea is poised to start suspending the licenses of thousands of striking junior doctors as a punitive measure against their weekslong walkouts that have shaken hospital operations. Starting next week, the government said it will inform the striking medical interns and residents of its final decision to suspend their licenses for missing a government-imposed February 29 deadline to return to work. It's still unclear whether the move will prompt the doctors to end their strikes, and the standoff could still deepen as some senior doctors plan to submit resignations on Monday in a show of solidarity with the junior strikers. Here are the latest developments on the strikes touched off by the government's announcement in early February that it would recruit 2,000 more medical students yearly. WHY ARE THEIR LICENSES BEING SUSPENDED? Since early March, the South Korean government has been taking a series of administrative steps to suspend the licenses of about 12,000 junior doctors

Gleneagles Healthcare eyes expansion with strategic acquisitions in India

IHH launches new identity Gleneagles Hospitals replacing Gleneagles Global Hospitals

Madhu Sasidhar appointed as president & CEO of Apollo's hospital division

Prior to joining Apollo, Sasidhar held various roles at Cleveland Clinic, including President of Cleveland Clinic Tradition Hospital

Engrail Therapeutics closes oversubscribed $157 million Series B financing

Funding from the Series B round will propel the advancement of the company's pipeline through multiple stages of clinical development

Healthtech unicorn Pristyn Care lays off 120 employees, eyes profitability

This is the second time the firm has laid off employees. Pristyn had, in March last year, reportedly laid off 45 employees due to poor performance

Scientists sequence 10,000 genomes of Indian population for database

Scientists on Tuesday announced that they have sequenced genomes of 10,000 Indians from diverse communities to create a database that could lead to gene-based remedies, with Union Science and Technology Minister Jitendra Singh calling it a watershed moment for science in India. Addressing a function in the national capital, Singh said genome study or sequencing is going to determine the future healthcare strategies across the world, both therapeutically and prophylactically. He said there is a pressing need for finding Indian solutions to Indian problems as the country emerges as a frontline nation in the comity of scientifically-advanced countries. Singh lauded the Department of Biotechnology for the ambitious goal to identify and catalogue the genetic variations of diverse Indian populations by sequencing the whole genome of 10,000 healthy individuals from 99 communities, representing all major linguistic and social groups, across the country. The Indian population of 1.3 billion

Zydus Lifesciences gets WHO nod for API used in kala-azar treatment

More than 1 billion people live in areas endemic for leishmaniasis or Kala Azar and are at risk of infection

Marlabs to hire 500 people in India, aiming to double revenue in 3 years

India is its largest talent hub; comprises 75% of company's total workforce

Healthcare firm Abridge secures $150 mn to develop AI model for clinicians

Shiv Rao, CEO of Abridge and also a practicing cardiologist, said the company plans to use the fresh funding for hiring as well as acquiring and training purpose-built medical AI models