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Prime Minister Narendra Modi said on Tuesday that his parliamentary constituency of Varanasi was fast emerging as a regional healthcare hub in eastern India. Addressing a public meeting at the Banaras Hindu University (BHU), Modi said while a string of new hospitals in the public and private sectors were coming up in Kashi, and existing […]

Neuberg Diagnostics will make an investment of Rs.200 crore to set up 40 labs across India as part of its expansion plans. Presently, company has 60 diagnostics labs and close to 500 collection centres in India. Over next few months, the number of labs will increase to 100. Company will be investing Rs five crore […]

Telangana government proposes to set up India’s first Biopharma-Hub to provide support to the biopharma research and development activities, featuring a scaleup manufacturing facility and a turnkey incubator/ lab space module. Proposed facility, spread across 40,000 square feet, would come up at Hyderabad’s Genome Valley, which currently houses over 200 biopharma firms including few top […]

Health ministry has decided to ban 328 combination medicines following recommendations to do so by its technical advisory body over a month ago, ET has learnt. It is also restricting the manufacture, sale and distribution of six other combination medicines. Ban is expected to shave off over R.1,500 crore from India’s Rs1.18-lakh crore pharmaceutical industry […]

Microsoft has partnered SRL Diagnostics, one of India’s leading pathology labs, to train its artificial intelligence (AI) system in detecting cancer. Tech giant plans to teach its AI to find the traits of cancerous cells that trained pathologists do manually by looking at a slice of the patient’s tissue on a glass slide. SRL’s bank […]

India’s pharmaceutical exports grew merely 3 per cent to USD 17.3 billion in 2017-18 due to increasing regulatory concerns and pricing pressures in the global markets, including the US. Sector’s exports in 2016-17 had declined to USD 16.7 billion as against USD 16.9 billion in the previous fiscal, according to commerce ministry data. Import alerts […]

Central government will launch the Ayushman Bharat healthcare scheme on September 25 which is expected to benefit around 50 crore Indians. In his Independence Day address, Prime Minister Narendra Modi asserted that his government would launch the Pradhan Mantri Jan Aroyga Abhiyan on the birth anniversary of Pandit Deendayal Upadhyay on September 25. Programme, touted […]

Rough estimates show that at a rate of Rs.10 million per hospital bed, investment in India alone would be around Rs.20 billion. After dropping out of the race to acquire India’s 2nd largest health care chain Fortis Healthcare, Bengaluru-headquartered Manipal Health Enterprises is now charting out growth plans in domestic as well as overseas markets. […]

After losing out in the race for Fortis Hospitals, Ranjan Pai-led Manipal Hospitals has revived talks with FMCG major Emami Group to acquire its AMRI Hospitals Ltd (Advanced Medical Research Institute) in Kolkata,. Emami is looking for a valuation of Rs.800-1,000 crore for the hospital chain, Investment bank Avendus Capital is advising the AMRI promoters […]

Andhra Pradesh MedTech Zone (AMTZ) – India’s first government funded medical devices manufacturing park at Visakhapatnam will soon roll out indigenous medical devices as it has inked formal agreements with two companies for which layout has been approved and construction has started. Park which also houses four medical device testing centres with 18 different types […]