Page 14 - Healthcare

Medtech industry expects regulatory body to reclassify more medical devices

CDSCO to initiate workshops; industry says step will bring regulatory uniformity

Star Health aims to double bancassurance biz to Rs 2K cr in three years

The company currently has over 70 partners in the bancassurance business, including state-owned banks, private banks, and non-banking finance companies

Practo reports 22% rise in revenue in FY24, GMV crosses Rs 3,500 crore

Health-tech platform Practo has reported a 22 per cent growth in revenue to Rs 240 crore for the 2023-24 financial year as it achieved a gross merchandise value of Rs 3,500 crore in the year, according to a company statement. The digital healthcare platform, which connects patients and doctors, narrowed its losses to Rs 17 crore in 2023-24 from Rs 99 crore in the previous financial year, the statement said. Practo stated that also achieved its first full profitable quarter in the last quarter of 2023-24 and is on its path to sustained profitability with consecutive profit in the preceding 12 months ending September 2024. Practo cofounder and CEO Shashank ND said, "Our goal has always been on improving healthcare outcomes while building a sustainable business. Our sharp focus on the core business has driven exceptional results. The company delivered a gross merchandise value (GMV) of Rs 3,500 crore in the year ended on March 31, 2024. GMV is the total value of goods and services sol

USC seeks Indian collaborations to address healthcare challenges

India's efficient research systems and diverse population offer valuable opportunities for conducting impactful clinical trials

Innovaccer raises $275 mn to expand its healthcare AI capabilities

This funding will support Innovaccer's efforts to expand collaboration with existing customers, introduce new AI and cloud capabilities, and scale its developer ecosystem

Health-tech platform Practo narrows losses to Rs 17 crore, revenue up 22%

Practo reported a 68 per cent compound annual growth rate (CAGR) from FY22 to FY24. The company's Ebitda margins rose to 40 per cent from near zero in FY22

Lupin receives US FDA tentative approval for Ivacaftor Oral Granules

These granules, available in 25 mg, 50 mg, and 75 mg per unit dose packets, are a generic equivalent of Kalydeco Oral Granules

All need to take those precautions: Karnataka home minister on HMPV cases

The doctors and the specialists are saying that this is not a dangerous one but precautions have already been instructed by the health department, G. Parameshwara said

Only 25% Indian population can access stroke facility in an hour: Study

Roughly a fourth of the Indian population has access to a rehabilitation centre within an hour of experiencing an ischaemic stroke -- caused when a blood clot affects supply to the brain, a study has found. The research, published in the International Journal of Stroke, also estimated that there is less than one ischaemic stroke centre per million population. Ischaemic stroke is the most common, accounting for about 70-80 per cent of all strokes in India, according to a September 2024 study, published in the journal Scientific Reports. In the recent study, researchers, including those from the US' Ascension Health and All India Institute of Medical Sciences (AIIMS), Hyderabad, found that a total of 566 stroke centres equipped with the 'intravenous thrombolysis' method of treatment (which breaks up blood clots) were spread across 26 states and union territories. Of the 566, over 60 per cent (361) were found to be also equipped with endovascular therapy for stroke patients, considere

No cause for alarm: Indian health officials on hMPV spread in China

The National Centre for Disease Control (NCDC) is also monitoring respiratory and seasonal influenza cases, official sources told news agency ANI

Is HMPV another Covid-19-like scare in China? What we know so far

China is witnessing a surge in respiratory illnesses, including HMPV, influenza, and Covid-19, predominantly affecting children and the elderly, as healthcare systems face mounting pressure

IIT Delhi opens applications for Healthcare Entrepreneurship Programme

The programme is designed to prepare participants to address the challenges and opportunities in India's evolving healthcare landscape

White-collar hiring up 9% in Dec, driven by high-skill roles: Report

White-collar hiring activity in December witnessed a 9 per cent increase compared to the same period of the previous year, driven by high-skill and strategic roles, a report said on Thursday. According to Naukri JobSpeak, the index reached an impressive 2,651 points in December 2024, reflecting a robust 9 per cent year-on-year growth, a promising sign for the year ahead. Key sectors that were primary growth drivers in December 2024, included AI/ML (36 per cent), Oil and Gas (13 per cent), FMCG (12 per cent) and Healthcare (12 per cent), said the report. Top metro cities collectively posted a 10 per cent growth as the year came to an end, it added. The Naukri JobSpeak is a monthly Index representing the Indian job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. Meanwhile, according to the report, fresher hiring, which had majorly been muted through 2024, saw an impressive 6 per cent growth in December

Year-ender 2024: AI graduates from buzzword to go-to industry application

The year 2024 brought innovations in AI applications, from healthcare to fighting online fraud, and more. However, this election year also raised concerns about AI biases and deepfakes

What is 'face age'? Can this novel AI-tool help fight diseases like cancer?

AI-powered 'face age' tests are helping doctors predict patient outcomes, even tailor cancer treatments and has the potential to revolutionise healthcare

Want to Know the Truth About Kanury Rao: A Visionary Leader in the Immunology Field?

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Healthcare sector in India to reach $320 billion by 2028, says report

India's pharmaceutical sector is targeting $130 billion by 2030 and biotechnology is aiming for $300 billion by the same year: Great Place To Work report

NATHEALTH asks govt to address gaps in healthcare in upcoming Budget

Healthcare industry body NATHEALTH has asked the government to address systemic gaps such as acute shortage of medical specialists, escalating cancer care costs, and inadequate hospital infrastructure to meet the demands of a growing population in the upcoming union Budget. In its pre-Budget recommendations, NATHEALTH sought increasing budgetary allocations of the healthcare sector to over 2.5 per cent of GDP and asked Finance Minister Nirmala Sitharaman to address the growing burden of communicable and non-communicable diseases, compounded by long standing challenges. "The upcoming Union Budget offers an unprecedented chance to address systemic gaps such as the acute shortage of medical specialists, escalating cancer care costs, and inadequate hospital infrastructure to meet the demands of a growing population," NATHEALTH President Abhay Soi said in a statement. Soi, who is also the Chairman & Managing Director of Max Healthcare Institute Ltd, further said, "Expanding hospital ...

Action likely against AbbVie executive who signed self-declaration

Pharma cos and docs say medical conferences have declined since March after UCPMP was notified

MultiPlan Corp signs agreement with creditors to refinance $4.5 bn debt

Holders of about 78 per cent of various bonds and term loans have agreed to the deal, which targets debt due between 2026 and 2028