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Ayurveda departments will be opened in all the new 19 AIIMS and approval has been received from the Home Ministry to set up such departments in seven hospitals of the Border Security Force (BSF) and other paramilitary forces, Minister of State for AYUSH Shripad Yesso Naik announced. He said work is already on to start […]

Drug firm Strides Pharma Science said it has partnered with funds advised by ICP-III Investment Advisors, which will infuse USD 20 million into its consumer healthcare business. “Board of directors have approved the execution by Strides of definitive agreements with funds advised by ICP-III Investment Advisors (ICP) to provide growth capital and focused attention to […]

The Competition Commission of India (CCI) has given its approval to IHH Healthcare’s acquisition of a controlling stake in Fortis Healthcare, the second largest hospital chain in the country, two people familiar with the development said. An announcement to this effect is expected shortly. Under the deal, the Malaysian company will pick a 31% stake […]

India is leading the global biosimilar pipeline, with the largest number of products launched in the country and emerging economies. Reliance Life Sciences tops the global pecking order, followed by Intas and Biocon. Biosimilars, developed by innovators, are approved versions of biopharmaceuticals — complex medicines manufactured using live organisms, as against conventional drugs that are […]

Zydus Wellness and Cadila Healthcare said they were acquiring Heinz India at a valuation of Rs 4,595 crore. Heinz India is the subsidiary of Kraft Heinz and makes Complan and Glucon D.Zydus Wellness chairman Sharvil Patel said on a television channel that the acquisition makes sense given how difficult it is to acquire large brands […]

Novartis has entered into an agreement and plan of merger with Endocyte, a US-based biopharmaceutical company focused on developing targeted therapeutics for cancer treatment. Under the terms of the agreement, Novartis would acquire all outstanding shares of Endocyte common stock for USD 24 per share. This offer values Endocyte’s equity at US$ 2.1 billion.Endocyte uses […]

Zydus Cadila Group has mounted an aggressive Rs.4,500 crore offer for the Kraft Heinz Company’s consumer brand business in India, outbidding the Coca-Cola Company for a portfolio that includes children’s milk drink Complan, said multiple sources aware of developments. Cadila Group’s bid is conditional. Coca-Cola, the world’s largest beverage company, is now also actively pursuing […]

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 […]

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 […]