Category: health
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Emil raises Rs 150 cr from Somerset Indus Capital
[ad_1] Emil Pharmaceutical Industries, the Mumbai-based privately held contract manufacturer, has sold a minority stake to raise Rs 150 crore from Somerset Indus Capital Partners. “The investment is through a mix of primary (Rs 120 crore) and secondary (Rs 30 crore) sale,” said Tushar Korday director, Emil Pharmaceutical. “The investment outlay may increase in the ...
Scientists develop mobile printer for mRNA Covid vaccine patches
[ad_1] Scientists said Monday they have developed the first mobile printer that can produce thumbnail-sized patches able to deliver mRNA Covid vaccines, hoping the tabletop device will help immunise people in remote regions. While many hurdles remain and the 3D printer is likely years away from becoming available, experts hailed the “exciting” finding The device ...
hetero: Sun Pharma, Hetero recall drugs in the US market
[ad_1] Drug makers Sun Pharma and Hetero are recalling products in the US market for manufacturing issues, according to the US Food and Drug Administration (USFDA). As per the US health regulator’s latest Enforcement Report, the US-based arm of Sun Pharmaceutical Industries is recalling a generic drug indicated to raise blood pressure in adult patients ...
covid: Current Covid strain mild, SII has produced 5-6 million Covovax doses: Adar Poonawalla
[ad_1] The prevalent strain of Covid-19 is mild and the Serum Institute of India (SII) has already produced five to six million doses of the Covovax vaccine, said the company’s chief executive officer Adar Poonawalla on Saturday. Poonawalla was talking to media persons amid rising cases of coronavirus infections in the country since March. India ...
Covid deaths: Elderly, people with comorbidities at risk, say doctors
[ad_1] Senior citizens and those with comorbidities are more prone to developing severe illness and are consequently dying due to Covid-19, doctors say. India recorded 11,692 fresh cases of Covid-19 and 28 more deaths from the virus in the last 24 hours – the highest in seven months. According to the data by the Union ...
max: Max Healthcare makes firm offer for Care Hospitals, signs deal exclusivity with TPG
[ad_1] Max Healthcare Institute has emerged as the frontrunner to buy Care Hospitals from TPG, following a year of stuttering negotiations for the sale of the hospital chain, said people with knowledge of the matter. Talks with multiple parties have been hampered over disagreements over valuation and the chain’s international footprint. Max and TPG signed ...
HCAH buys nightingales to become largest home healthcare provider
[ad_1] Burman family-backed out-of-hospital care firm HCAH on Thursday said it has acquired Bengaluru-based Nightingales Home Healthcare Services in a share swap deal. The acquisition of Nightingales will make HCAH India’s largest out-of-hospital care provider with a presence in eight top cities and over 3,000 healthcare professionals, with an annual turnover of around ₹200 crore. ...
suven pharma: CCI clears Berhyanda’s acquisition of Suven Pharma
[ad_1] The Competition Commission of India (CCI) has approved Berhyanda Ltd’s acquisition of up to 76.10% in Suven Pharmaceuticals. The acquisition is “by way of a share purchase agreement of December 26, 2022 and pursuant to the mandatory open offer in compliance with the Securities and Exchange Board of India (SEBI) (Substantial Acquisition of Shares ...
fortis healthcare: Fortis acquires Gurugram-based Medeor Hospital for Rs 225 crore
[ad_1] Fortis Healthcare on Thursday said it has signed definitive agreements with the VPS Group for the acquisition of its Medeor Hospital in Manesar, Gurugram for Rs 225 crore. The hospital has a potential bed capacity of 350 beds and can be operationalized in a phased manner in a about nine months. The transaction will ...
unimark remedies: Intas-Shamrock plan for Unimark Remedies gets nod from NCLT
[ad_1] A bankruptcy court on Monday allowed the Intas Pharmaceuticals-Shamrock Pharmachemi consortium’s application to acquire Unimark Remedies. Asset Reconstruction Company India Ltd (Arcil) is also part of the consortium. The Mumbai bench of the National Company Law Tribunal (NCLT), comprising judicial member Kishore Vemulapalli and technical member Prabhat Kumar, in an oral order approved the ...