Page 2 - Healthcare

Fortis Healthcare signs pact with Dion Group for 300-bed Odisha hospital

The agreement marks Fortis Healthcare's first major presence in Odisha

Bank of Baroda settles case out-of-court with NMC Health for $600 million

State-owned Bank of Baroda (BoB) on Thursday said it reached an out-of-court settlement with NMC Health PLC, NMC Healthcare Ltd, and NMC Holding Ltd, with USD 600 million (about Rs 5,700 crore) paid through its Abu Dhabi Branch. The case involved proceedings under Abu Dhabi Global Market (ADGM) and UK insolvency regulations, and the UAE civil law in relation to NMC Health PLC, NMC Holding Ltd and NMC Healthcare Ltd, BoB said in a regulatory filing. "NMC Health PLC, NMC Healthcare Ltd, NMC Holding Ltd, and their respective Joint Administrators, have resolved the claims between them and the Bank of Baroda in consideration for, inter alia, payment by Bank of Baroda of USD 600 million, pursuant to a settlement agreement," it said. All claims, causes of action, etc. between them have been resolved without admission of liability or wrongdoing, it said. The settlement agreement and its terms otherwise remain confidential, it said, adding that the liability of the bank in these proceedings

Zydus, Sunshine Healthcare form $20-million JV for Sri Lanka pharma plant

The joint venture will invest over $20 million in a pharmaceutical manufacturing facility in Sri Lanka to boost local drug production and reduce reliance on imports

Eli Lilly launches its first solid tumour RET-gene therapy in India

The US drugmaker has launched Tanstrive, a RET-targeted oral therapy for advanced or metastatic solid tumours, following marketing authorisation from the CDSCO

Air taxi startups find healthcare as first launchpad ahead of wider rollout

Even before India's air taxi rules are finalised, hospitals and air ambulance operators are partnering with eVTOL startups to transform emergency care

Centre seeks stakeholder views on medical devices exempt from GTE norms

Department of Pharmaceuticals invites stakeholder comments on proposed additions and deletions to the list of medical devices exempted from Global Trade Enquiry requirements

Hospital births rise, but medical care before death elusive: Report

While 95.4 per cent of births now take place in hospitals, nearly half of all deaths occur without qualified medical attention, highlighting a gap in end-of-life care

India can eliminate sickle cell disease well before 2047: President Murmu

President Droupadi Murmu on Friday expressed confidence that India would eradicate sickle cell disease well before the 2047 target, and stressed the need for collective efforts to raise awareness and eliminate the genetic blood disorder, particularly among tribal communities. Addressing a state-level programme on World Sickle Cell Day in the pilgrimage town of Omkareshwar in Khandwa district, she also urged all state governments not to take the sickle cell disease lightly. Murmu said the country would achieve its national goal of eliminating the disease much ahead of schedule through the combined strength and active participation of all states. "I am confident that with the collective strength and proactive efforts of all states, we will certainly succeed in achieving our national goal of eliminating sickle cell disease from the country well before 2047," she said. Prime Minister Narendra Modi had launched the National Sickle Cell Anaemia Elimination Mission from Shahdol district o

Medicover keeps IPO pulse steady as KKR examines India hospital deal

The hospital chain said its planned public listing remains the preferred route even as parent company Medicover AB holds preliminary discussions with KKR

AI startup Midjourney pivots to health with 'full-body ultrasound machine'

Announcing the Midjourney Scanner, startup CEO David Holz said that no such device has ever been built until now, touting the new technology as superior to MRI in numerous ways

Vetic raises $40 million to expand pet-healthcare network

The Bessemer-led funding will help the startup expand clinics and veterinary services, broaden insurance offerings and invest in technology

Medical costs up, ICICI Lombard makes a case for higher health cover

The insurer said customers should consider higher sums insured to keep pace with rising treatment costs, while stressing that the final decision rests with policyholders

Apollo hospital proposes Shobana Kamineni as Executive Chairperson

Apollo Healthtech plans to appoint Shobana Kamineni as executive chairperson ahead of its proposed listing, with the demerger expected to be completed by late FY27

India known for world's largest healthcare programme, says PM Modi

Prime Minister Narendra Modi on Sunday said the country has worked to make quality healthcare more affordable and accessible in the past 12 years, and the government will keep working on all such initiatives to build a healthy India. Modi also said the government feels proud when "India is known as the nation with the world's largest healthcare programme, Ayushman Bharat, which provides top-quality healthcare to the most vulnerable". "Over the last 12 years, India has worked to make quality healthcare more affordable and accessible," he said in a post on X. The prime minister said other efforts like PM Bharatiya Jan Aushadhi Pariyojana have made medicines, stents and knee implants affordable, and this has helped many people. At the same time, he said, medical education has also become more accessible to people due to more institutions and seats being available. "We will keep building on this ground covered so far in order to build a healthy India," he said. The 'MyGov India', a .

Two key cancer drugs to cost 50% more amid continued supply disruptions

NPPA raises ceiling prices of key cancer drugs and select vaccines to address supply shortages and ensure continued availability of essential medicines

Why Kerala is on alert over two diseases: Shigellosis and West Nile fever

The state has intensified surveillance and disease-control measures as shigellosis cases rise and a second suspected West Nile death emerges

Hoola Health raises $5 million led by Peak XV's Surge to fuel expansion

The health-tech startup plans to use the funds to expand its clinic network, strengthen technology capabilities and scale its integrated paediatric care model

A World of Resistance: What's driving India's antibiotic overdose crisis

The very drugs that transformed India's health, agriculture, and development now threaten to undermine all three

Redefining the Business of Medical Education

In this session of Gurugyaan, Mr S.P. Saju Bhaskar, the Founder and President of Texila American University talks about the business of medical education and provided career tips to the students.

Anaemia, IMR, MMR, clean fuel use: NFHS-6 drops key health indicators

Latest National Family Health Survey, that covers over 679,000 households across 715 districts, has omitted several long-tracked indicators like anaemia, mortality, sex ratio at birth and clean fuel u