Page 30 - Healthcare

Zydus Lifesciences acquires UK-based LiqMeds Group for 68 million pounds

Zydus Lifesciences on Tuesday said it has acquired UK-based LiqMeds Group for GBP 68 million (around Rs 689 crore). The Ahmedabad-based group, through its wholly-owned subsidiary Zydus Pharmaceuticals UK Ltd, will also pay yearly earn-outs until 2026 depending on the achievement of certain agreed milestones towards the acquisition. LiqMeds Group of companies specialises in the development, manufacturing and supply of oral liquid products for global markets. The group's subsidiary LM Manufacturing Ltd has an oral liquids manufacturing site at Weedon, Northampton, UK, which supplies products to the US and UK markets. "Zydus will pay an upfront consideration of GBP 68 million and yearly earn-outs until 2026 depending on the achievement of certain agreed milestones towards the acquisition of the LiqMeds Group of companies," the company said in a regulatory filing. The transaction will be EPS accretive for Zydus from the first year of acquisition, it added. "We believe that liquid ora

Jhunjhunwala family-backed IKS Health acquires US tech firm for $200 mn

The combined company is forecast to have an annual revenue of over US$ 330 million (Rs 2,748 crore), as well as a global workforce of over 14,000 employees

Healthcare and pharma sector sees surge in high-value deals: Report

The Private Equity (PE) sector experienced a decline in both values and volumes compared to the previous quarter

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

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

Practo aims to turn profitable in FY24, targets 50% revenue growth

Practo's co-founder and chief executive officer Shashank ND said that they have been focusing on profitability and so far in FY24, they have been cash flow positive

Private hospitals in Jalna rue pending dues under Maharashtra health scheme

The pending dues of 22 hospitals offering medical services in Maharashtra's Jalna district under the Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY) have touched nearly Rs 10 crore, an official said on Wednesday. MJPJAY is a flagship cashless health insurance scheme of the Maharashtra government and covers a comprehensive range of 996 diseases. According to Avinash Markad, the Jalna coordinator of MJPJAY, the pending dues of 22 private hospitals from the district empanelled under the scheme had touched nearly Rs 10 crore since June of which Rs 1.5 crore has already been released, he said. Private hospitals in Jalna district, however, have expressed concerns over the pending dues. If we don't get the dues, we might be forced to shut down services under MJPJAY, said the director of a hospital in Jalna city requesting not to be identified. Markad said they are working towards clearing the remaining dues. Meanwhile, the district health department has issued 2.1 golden cards under the

Breast cancer strikes younger Indian women at an alarming rate: Study

A striking 25 per cent of breast cancer cases among Indian women occurred at the age of 39 years or younger

All Wipro solutions will be AI-powered in 6 months: MD & CEO Delaporte

Wipro is seeing rapid adoption of AI in sectors like healthcare, consumer, and financial services, with hi-tech and utilities following closely

2,350 acres set aside for pharma and medical parks in Uttar Pradesh

Chief Minister Yogi Adityanath has envisioned increasing the state's contribution to the pharma industry from 2 per cent to 10-12 per cent

Bidding for Blue Jet Healthcare IPO sale set to open on October 25

Bidding for the Initial Public Offering (IPO), which is entirely an offer for sale (OFS) of 2.42 crore shares by promoters -- Akshay Bansarilal Arora and Shiven Akshay Arora -- will conclude on Oct 27

Centre planning enhanced zoonotic disease surveillance: Health secretary

75 per cent of new infectious diseases are zoonotic in nature, said Health Secy

Union govt committed to improving health infra in Northeast: Mandaviya

He said this after inaugurating the new Regional Cancer Centre at the North Eastern Indira Gandhi Regional Institute of Health and Medical Sciences (NEIGRIHMS) in Shillong

Health identity card for state citizens by November 30: Himachal Pradesh CM

The process of making health identity cards for everybody in the state containing their complete health history would be completed by November 30, Chief Minister Sukhvinder Singh Sukhu has said. The card will provide the complete health information of the patient on a single click, he said, presiding over the closing ceremony of 'Stimulus' -- the annual programme of Indira Gandhi Medical College -- on Friday. According to a statement issued here on Saturday, he said the state government was bringing major reforms in the health sector. The Department of Emergency Medicine is being established to provide better health facilities and robotic surgery will soon be started in Super Specialty Hospital Chamyana and at IGMC Shimla, he said. He also released the poster for the Annual National Conference of India Public Health Association to be organised at Manali from March 15-17, 2024. Health Minister Dhani Ram Shandil exhorted the students to serve the people of the state with full dedica

Govt, AWS working on Health IDs, will maintain digital health records

Developments come days after the data governance of the CoWIN platform was under question due to an alleged leak of user information collected during the pandemic for the COVID-19 vaccination drive

AWS, govt join hands to advance healthcare with UHI, integrated records

From CoWIN to U-WIN, AWS and government building tech to strengthen healthcare in the country

Tata Capital Healthcare Fund II invests $10 mn in Apex Kidney Care

To open over 60 standalone Dialysis centres in the country

Digital OPD scheme sees over 10 million registrations since inception

UP, Karnataka top list for registrations, 3 AIIMS in top-30 implementers

How lack of support and biases create a glass ceiling in health care

The fact that women are not reaching leadership positions means they are not able to influence decision-making on public health, Lancet article shows

Doctors should not mislead public through signboards, visiting cards: NMC

A doctor should not use an unusually large signboard and write on it anything other than his name, qualifications, titles, specialty or registration number, the National Medical Commission (NMC) has suggested, saying his prescription papers should also have the same contents. It is improper to affix a signboard on a chemist's shop or in places where he does not reside or work, the NMC's Ethics and Medical Registration Board (EMRB) said in its E-Book: "Professional Conduct Review - Lessons from Case Archives". The book also highlighted that trust deficit in the doctor-patient relationship leads to litigation against the doctors and emphasised that the most common cause of complaints against doctors is due to a communication gap. The commission stated that care should be taken not to mislead the public through signboards, visiting cards, announcements etc. Medical practitioners may acquire skills and training in various areas related to a particular field, but the use of the title ..

ICMR sets ball rolling on transporting medical supplies by drones

The six-month project by ICMR entails regular deliveries to support healthcare facilities in three areas: Yaddari Bhuvanagiri district (Telangana), Manipal (Karnataka), and Lahaul (Himachal Pradesh)