Pharma News

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JSW Paints forays into hand sanitizer business

ET Bureau Last Updated: May 14, 2020, 12.43 PM IST Mumbai: JSW Paints on Thursday announced entering into sanitizers market by launching Securall hand sanitizers. The company has received all statutory approvals, permissions and license to manufacture and market the product across markets...

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Goa diagnostic company’s tuberculosis device could help scale up Covid 19 testing

ET Bureau Last Updated: May 12, 2020, 07.30 AM IST Mumbai: A Goa-based startup’s device is set to become one of the key diagnostic tools as India looks to expand its testing capacity for Covid-19. Truenat, a product of Molbio Diagnostics that’s been used to detect tuberc...

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Released Rs 3,520 crore in last two years to states under AB PMJAY: Health Minister

PTI Last Updated: Feb 04, 2020, 04.12 PM IST New Delhi: The Health Ministry has released Rs 3,520 crore in last two years to states under the Ayushman Bharat scheme, Health Minister Harsh Vardhan informed Parliament on Tuesday. Replying to a question in Rajya Sabha, Vardhan said the reaso...

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Why gene data will put India on the map

ET Bureau Last Updated: Feb 03, 2020, 08.51 AM IST MUMBAI: India’s plan to focus on two national-level programmes to build genomic data of the population and crops is expected to help the country in developing personalised drugs, tackle disease and increase yield in crops, experts said....

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Torrent Pharmaceuticals puts faith in local market, to focus on new drug launches

ET Bureau Last Updated: Jan 29, 2020, 08.14 AM IST MUMBAI: Torrent Pharmaceuticals is optimistic that the future of Indian drug makers is in the domestic market, as it looks at new launches in the lucrative chronic therapy areas. The Ahmedabad-based company, part of the Rs 14,000-crore To...

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More infectious but less fatal than SARS

ET Bureau Last Updated: Jan 29, 2020, 07.07 AM IST NEW DELHI: The novel Corona virus (nCoV) is more infectious but less severe and fatal than the 2003 Severe Acute Respiratory Syndrome (SARS) outbreak with 8,098 reported cases, health experts have warned. As per World Health Organisation ...

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Digital healthcare wave

Last Updated: Jan 24, 2020, 07.55 PM IST Science and technology are making daily lives easier world over and Artificial Intelligence (AI) is harnessing the power of science and human intelligence in a unique way. In the past few years, AI has taken over every industry in every country. Accor...

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Smart Group to invest Rs 2,000 crore to open wellness city in Delhi

PTI Jan 22, 2020, 01.49 PM IST NEW DELHI: B K Modi-led Smart Group plans to invest around Rs 2,000 crore to open a wellness city in Delhi by 2025 as it bets big on the sector globally, a top company official said. The wellness city would be adjacent to Max Smart Super Speciality Hospital ...

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Glenmark sells gynac business for Rs 115 crore

ET Bureau Jan 21, 2020, 08.43 PM IST Mumbai: Glenmark Pharma has sold its gynaecology business to private equity firm True North backed Integrace Pharma in an attempt to cut down debt of the company. The sale of the gynac business comes two years after it sold its orthopedic business to t...

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Pain for big Indian pharma companies continue warns CRISIL, as FDA woes remains unresolved

ET Bureau Jan 20, 2020, 07.09 PM IST MUMBAI: Rating agency CRISIL has warned that woes of Indian generic companies will continue as the regulatory action by the US Food and Drug Administration (USFDA) will delay product launches of pharma companies in US markets. CRISIL predicts that 18% of n...

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Pharma cos may face Rs 10 lakh penalty, 2 year jail term for deceptive drug ads

ET Bureau Jan 14, 2020, 08.48 AM IST New Delhi: Pharmaceutical companies or anybody involved in exaggerating how well their drugs work will face exemplary penalty and imprisonment, according to the proposed amendments to the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954. ...

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After price cap, local stent makers capture 60% of market

TNN Updated: Jan 13, 2020, 11.17 AM IST NEW DELHI: Stringent price caps on cardiac stents imposed by the government have substantially changed the market dynamics in the last three years. Improved affordability of stents has resulted in a 30-40% increase in usage and local manufacturers have ...

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HC Bars Cipla, 3 others from launching generic version of Bristol Myers’ drug

ET Bureau Jan 10, 2020, 11.24 AM IST New Delhi: In a setback to major domestic pharma companies like Cipla, Torrent, Emcure, Alkem, the Delhi High Court has granted an injunction restraining them from selling a medicine used for prevention and treatment of thromboembolic diseases, the patent ...

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Top cancer drugs may come under price control

ET Bureau Updated: Jan 07, 2020, 01.03 PM IST NEW DELHI: Taking cue from the World Health Organisation’s revised list of essential medicines, popular biosimilars for cancer cure like bevacizumab or trastuzumab and treatments like immunotherapy may get incorporated in India’s revis...

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GST profiteering: Rs 230 crore penalty on Johnson & Johnson

ET Bureau Dec 25, 2019, 07.21 AM IST New Delhi: The National Anti-Profiteering Authority has slapped a Rs 230 crore penalty against baby products maker Johnson& Johnson for profiteering from cut in goods and services tax (GST) rates. “The methodology adopted by the respondent ( ...

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Profitability of domestic hospital sector to improve in FY20, FY21: Crisil

PTI Dec 23, 2019, 03.29 PM IST NEW DELHI: Profitability of domestic hospital sector would continue to improve in the current as well as next financial year driven by enhanced coverage under Ayushman Bharat as well as deeper expansion in smaller towns, says Crisil Ratings. The improvement ...

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Piramal enterprises looks to sell 20% equity in healthcare business

ET Bureau|Dec 18, 2019, 09.05 AM IST Mumbai: Piramal Enterprises Ltd. has put up 20% equity in its healthcare vertical for sale, seeking to expand the business. PEL wants to accelerate growth for its healthcare division through acquisitions that will expand its portfolio of products, offer op...

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Piramal Swasthya join hands with Rockefeller Foundation to strengthen India's healthcare scenario

ET Burea Dec 17, 2019, 02.13 PM IST Piramal Swasthya Management and Research Institute, the primary healthcare initiative of Piramal Foundation joined hands with New-York based Rockefeller Foundation to strengthen maternal and child health in the aspirational districts of India thereby improv...

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Glenmark's Baddi manufacturing unit receives GMP certificate from European regulator

PTI Dec 16, 2019, 11.40 AM IST NEW DELHI: Glenmark Pharmaceuticals on Monday said that its Baddi manufacturing unit has received Good Manufacturing Practice (GMP) certificate from European regulator State Institute for Drug control (SUKL). "The European regulator has just issued a ce...

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Religare Health Trust halts winding up plans

ET Bureau Dec 14, 2019, 07.32 AM IST NEW DELHI: Religare Health Trust (RHT) has halted plans to wind itself up after the Supreme Court sought an inquiry into the purchase of assets from the trust by Fortis Healthcare using money from IHH Healthcare. The trust, listed on the Singapore stock ex...

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Food or drug? Government to take a call soon

ET Bureau Dec 13, 2019, 08.10 AM IST NEW DELHI: Is a multivitamin preparation a drug or just plain old food? And what about pick-me-ups like Revital or supplements like Ferradol? Given the confusing proliferation of products, the government is looking to arrive at an answer by changing the re...

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ET ILC members discuss possibility of integrated healthcare system in India

Updated: Dec 09, 2019, 07.31 AM IST Integrated healthcare at a macro level means managing the overall well-being of the nation by putting the consumer at the centre; it involves delivering the required level of efficient and quality care to the consumers across their lifetime by connecting di...

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GSK to recall Ranitidine from India after regulator alert

ET Bureau Updated: Sep 26, 2019, 08.20 AM IST NEW DELHI: British drugmaker GlaxoSmithKlineNSE -1.11 % on Wednesday said it is recalling heartburn drug Ranitidine from India, a day after the country’s drug regulator asked pharma companies to check their products for carcinogen. &ldqu...

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Sequoia Capital and IDFC backed eyecare hospital chain raise Rs 308 crore

ET Bureau Sep 18, 2019, 08.47 PM IST MUMBAI: Venture Capital fund Sequoia Capital and IDFC-backed eyecare hospital chain ASG Eye Hospitals has raised Rs 308 crore from clutch of investors led by Foundation Holdings. The company will use the funds to grow organically and inorganically, the com...

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Government to drop 500 existing health packages, include 250 new ones

TNN Sep 18, 2019, 11.03 AM IST NEW DELHI: A year after the rollout of the ambitious Ayushman Bharat scheme, the government has decided to undertake some key changes, including discontinuation of around 500 existing packages, inclusion of around 250 new ones and revision of rates to rationalis...

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Labour ministry to provide cashless secondary and tertiary medical care services under ABPMJAY

Updated: Sep 13, 2019, 07.05 PM IST Labour ministry has decided to provide cashless secondary and tertiary medical care services under Ayushman Bharat package rates to entitled Employees' State Insurance beneficiaries in new 102 designated districts through empanelled hospitals in states ...

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Aster Healthcare to invest Rs 1,000 cr in five new hospitals

PTI Aug 20, 2019, 03.53 PM IST MUMBAI: The Kochi-based Aster DM Healthcare, one of the few publicly traded hospital chains in the country, is planning to add over 2,000 beds at an investment of over Rs 1,000 crore in the next two to three years in five new properties outside Kerala.  ...

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Make in India plan in works to attract medical device companies

Updated: Aug 17, 2019, 07.46 AM IST  New Delhi: The government is stitching up a plan to lure the medical devices industry to Make in India, along the lines of telecom and electronics, seeking to cut reliance on imports and lower costs.  Niti Aayog, the government’s think ...

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Pharma wants a booster fund to push innovation

ET Bureau Aug 15, 2019, 08.55 AM IST AHMEDABAD | MUMBAI: The Indian Pharmaceutical Alliance, a group of top research-based pharmaceutical companies, has urged policy think tank Niti Aayog and the Department of Pharmaceuticals to set up a large fund to boost technological innovation in pharma ...

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Temasek to back Manipals Medanta bid, put in $300 million

TNN Aug 14, 2019, 10.32 AM IST MUMBAI: Temasek is backing billionaire Ranjan Pai-led Manipal Hospitals’ bid to acquire the heart surgeon Naresh Trehan-promoted Medanta Hospitals with an additional cheque of about $300 million, or Rs 2,100 crore. The move comes as Singapore’s state...

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CK Birla Hospital for Women to invest up to Rs 1,000 cr, add 14 hospitals by end of 2025

PTI Aug 11, 2019, 12.17 PM IST NEW DELHI: Healthcare provider CK Birla Hospital for Women is planning to invest up to Rs 1,000 crore to add around 14 more hospitals under the brand across the country by the end of 2025, founder Avanti Birla has said. The company currently has one 75-bed multi...

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Under Ayushman Bharat, hospitals use bizarre ways to siphon off funds

TNN Updated: Aug 10, 2019, 03.22 PM IST About a year after introduction of the Ayushman Bharat scheme — the Union government’s programme for providing health protection cover to around 10 crore vulnerable families — truant doctors and hospitals in the tiny Himalayan state of...

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Improved life expectancy a factor leading to increased incidence of cancer study

ET Bureau Aug 07, 2019, 07.52 AM IST Mumbai: The growing incidence of cancer in India might not be only because of changing lifestyle or increased “westernisation”, according to a new study by Dr. Mohandas Mallath of Tata Medical Hospital and his student Robert Smith which has fou...

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Delhi Medical Association protests against new selection norms of ESIC

ET Bureau|Aug 06, 2019, 08.07 PM IST The Delhi Medical Association has written to labour minister Santosh Kumar Gangwar protesting against new selection norms of ESIC which it alleges has been floated to help only big/corporate-run hospitals and eliminate small hospitals and nursing homes.&nb...

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Maharashtra to set up single window clearance system for pharma companies

PTI Aug 04, 2019, 02.44 PM IST MUMBAI: The Maharashtra government is planning to attract pharmaceutical companies to set up base in the state and has decided to set up a single-window system to grant them clearances and address their grievances.  Food and Drug Administration (FDA) Mi...

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As price pressure mounts, pharma companies tap analytics to cut costs

Last Updated at August 3, 2019 21:14 IST Pharmaceutical companies, on account of price pressures and an intense regulatory gaze, are investing in data analytics and digital tools to sharpen their marketing focus and improve compliance. The move comes in the backdrop of price competitiven...

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Reddys seek funds: ADIA, Mitsui, Itochu eye stake in Apollo Holdco

ET Bureau|Aug 01, 2019, 08.31 AM IST MUMBAI: Japanese conglomerates Mitsui & Co. and Itochu Corp. as well as Abu Dhabi Investment Authority (ADIA) are in separate talks with the Reddys of Apollo Hospital Enterprises, India’s largest hospital operator, to invest $350-400 million to b...

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Warning letter woes Dr Reddy's expects FDA inspection of AP plant by year end

PTI Jul 30, 2019, 02.06 PM IST Hyderabad: Dr Reddy's Laboratories was expecting an inspection of its Active Pharmaceuticals Ingredients (API) plant at Srikakulam in Andhra Pradesh by the US Food and Drug Administration officials by the end of this year, a top company official said on Tues...

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Medanta plans 1,000 bed hospitals in Gorakhpur, Varanasi, Allahabad

PTI Jul 28, 2019, 08.03 PM IST The Medanta group is planning to open 1,000-bed hospitals in Gorakhpur, Varanasi and Allahabad on the lines of the one being constructed in Lucknow.  Speaking at the second ground breaking ceremony here, Medanta Group Chairman Naresh Trehan said, "...

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Pakistan imports over 36 million dollars worth of antirabies, antivenom vaccines from India

Updated: Jul 26, 2019, 01.23 PM IST ISLAMABAD: Over USD 36 million worth of anti-rabies and anti-venom vaccines have been imported by Pakistan from India due to lack of manufacturing capacity in the country, according to a media report.  The Nation newspaper on Thursday reported that...

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Strand Life Sciences Joins the Global Diagnostics Network (GDN)

Tuesday, July 23, 2019 1:35PM  Mumbai, Maharashtra, India:  Strand Life Sciences, India, announced today that it has joined the Global Diagnostics Network (GDN), a strategic working group of major diagnostic laboratories collaborating to generate enhanced diagnostics insights to imp...

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Hospitals still not displaying medical device prices, consumer groups say

ET Bureau|Updated: Jul 22, 2019, 09.33 AM IST MUMBAI: Two years after the National Pharmaceutical Pricing Authority introduced price caps and made it mandatory for hospitals to display the Maximum, Retail Price (MRP) of medical devices, a survey has found that most devices that hospitals use ...

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Govt to list ‘essential medical devices’, cap trade margin

TNN Jul 21, 2019, 10.38 AM IST NEW DELHI: In a step towards controlling high prices of commonly used medical devices, the government is set to identify a list of “essential medical devices”, expected to be a precursor to anti-profiteering measures such as capping trade margins in ...

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NHA looks to make Ayushman Bharat more viable

ET Bureau|Jul 17, 2019, 11.00 AM IST NEW DELHI: The National Health Authority (NHA) managing the Ayushman Bharat insurance scheme is considering introducing a ‘collective bargaining’ policy for medical devices, seeking to answer criticism that the programme lacks sufficient viabil...

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Lupin aims to launch new products across geographies this fiscal

PTI|Jul 14, 2019, 12.30 PM IST New Delhi: Drug maker Lupin aims to launch its first biosimilar product and commercialise its first inhalation product in the US in the current fiscal. Addressing shareholders in the company's Annual Report for 2018-19, Lupin Chief Executive Officer Vinita G...

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Audit of Laurus Labs completed by USFDA without objections

PTI Jul 12, 2019, 05.47 PM IST New Delhi: Drug firm Laurus LabsNSE 3.29 % Friday said audit of its unit 4 at Visakhapatnam in Andhra Pradesh by the US health regulator has been completed without any observations.  "The inspection of the unit 4 was carried out from July 8 - 12, 2...

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Temasek plans Indian healthtech platform

ET Bureau|Jul 12, 2019, 07.59 AM IST Mumbai: Singapore’s Temasek is looking to build and nurture a health-tech platform in India as an extension to its existing healthcare platform Sheares, where most of its Asian healthcare businesses are anchored, senior officials of the fund told ET....

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WHO seeks to curb menace of drug resistance

World Health Organisation (WHO) has classified antibiotics into different groups based on their therapeutic efficacy and to curb the increasing risk of superbug infections. It has asked member-countries, including India, to adopt the classification in their health systems to cut the spread of ant...

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Consumer bill draft removes healthcare from service

NEW DELHI: “Healthcare” has been removed from the list of services specifically mentioned in the draft consumer protection bill, in what is seen as a bid to assuage the medical fraternity which has expressed apprehensions over the law being used adversely against it.  Officia...

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Two thirds of AIDS treatment drugs supplied globally by India

UNITED NATIONS: Taking a lead in the global fight against AIDS, India is supplying the world with two-thirds of the drugs to treat those infected with HIV, according to Indian diplomat Paulomi Tripathi.  "These affordable generic medicines have helped scale up access to treatment ac...

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70 products in pipeline,Dr Reddy's bullish on China

With incipient regulatory changesin China onIndian drug imports, Dr Reddy's Laboratories has identified about 70 products for the country to be launched in a few years andis also planning to build a new plant very close to the existing one.  Dr Reddy's Chief Operations Officer, E...

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Manipal Hospitals to buy Medanta in Rs 5,800 crore deal

The promoters of leading hospital chain Medanta have agreed to sell the business to Manipal Hospitals for Rs 5,800 crore, said two people aware of the development, ending negotiations that have lasted two years. Besides the promoters, existing investors Carlyle and Singapore-based Temasek also ag...

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Dr Reddy's to spend upto $ 300 million on R&D in FY 20

Laboratories is planning to spend upto USD 300 million on research and development (R&D) during this financial year, a senior official of the company has said.  President, CFO and global head (HR) of Dr Reddy's Saumen Chakraborty, during an 'earnings call', said the drug-...

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A curious case of hidden, dangerous typhoid: It's time to take action now

In 2017, when clinician scientist Gagandeep Kang and her colleagues started an extensive typhoid surveillance study across India, the general perception among the scientific community was that typhoid was significantly declining based on the data reported by big hospitals in India. But when Kang&...

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Zydus Pharmaceuticals Inc among cos facing lawsuit by US states: Cadila

NEW DELHI: Drug firm Cadila Healthcare Tuesday said the name of its arm Zydus Pharmaceuticals Inc is included in the lawsuit filed against some generic companies by US states.  Zydus Pharmaceuticals Inc is the US arm of Cadila Healthcare.  According to some media reports, more t...

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Aster starts finance service centres in its hospitals to help patients

KOCHI: Aster DM Healthcare has launched Aster finance service centre across all its existing 11 hospitals and the two upcoming ones of the group in the country to provide funds for needy patients.  Aster Easy Care has been developed in association with BajajNSE -1.92 % Fin Serve and Fede...

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Alembic Pharma forms JV to enter a difficult $100 bn Chinese market

Vadodara-based Alembic Pharmaceuticals Limited on Tuesday announced a joint venture (JV) for entering the Chinese market, the world's second largest single country drug market after the US. Indian players like Dr Reddy's Laboratories have presence in the Chinese market while others like C...

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US health regulator wants action against Strides Pharma's Puducherry unit

Strides Pharma Science Ltd Monday said the US health regulator has classified its Puducherry facility as official action initiated (OAI) for non-compliance of norms following an inspection. The company has received a communication from the US Food and Drug Administration (USFDA) on May 4, 201...

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J&J faces more pain as Mumbai cops reopen implants case

New Delhi: The Mumbai Police has opened investigation into an eight-year-old case against DePuy Medical Pvt. Ltd, a subsidiary of Johnson and Johnson Pvt. Ltd (J&J), for its faulty hip replacement implants, a top police official said on Thursday. The city police is in the process of recording...

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Delhi HC allows Alembic, Natco to export Bayer drug for specific purposes

NEW DELHI: The Delhi high court on Monday has allowed Alembic Pharmaceuticals and Natco Pharma to export cancer drug (sorafenib) and a blood thinner (rivaroxabin) for development, clinical trials and regulatory clearances. A divison bench of Justice S. Ravindra Bhat and Justice Sanjeev Sachde...

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Mfine raises funds from Japan’s SBI Investments

Bengaluru: mfine, a Bengaluru-based health-tech AI startup, has raised $17.2 million in Series B funding. The investment was led by SBI Investment, a Japan-based venture capital firm and a subsidiary of the SBI Group. Singapore-based SBI Ven Capital, SBI Group’s Southeast-Asian investment a...

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IMA opposes government proposal to allow dentists practice modern medicine

NEW DELHI: Government’s proposal of allowing dentists to practice modern medicine through a bridge course in order to tackle the shortfall of doctors in rural areas is facing stern opposition from the Indian Medical Association (IMA). The proposal has already received a nod from Prime Minis...

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Sixth Sense Ventures invests $3 mn in MyHealthcare

Bengaluru: MyHealthcare, a digital integrated healthcare ecosystem said on Monday it has raised $3 million from Sixth Sense Ventures, as part of its ongoing Series A fund raise. MyHealthcare works with hospitals, diagnostics and speciality health institutions in building their digital health ...

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Cipla appoints Dr Raju Mistry as global chief people officer

Cipla has announced the appointment of Dr. Raju Mistry as President and Global Chief People Officer (GCPO) of the company.  Mistry is a veteran Human Resources (HR) professional with over 27 years of global experience across diverse sectors such as Chemicals, Pharma, FMCG, IT, Engineerin...

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Novartis picks Sanjay Murdeshwar of AstraZeneca to lead its India business

Swiss drug giant Novartis has appointed Sanjay Murdeshwar of AstraZeneca to lead its India business, after two of its new appointees left the company in a span of two years. Murdeshwar according to his current LinkedIn profile is the Global Vice President, Cardio-Renal business at Astrazeneca. He...

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Lupin seeks more time from commerce ministry to complete Indore SEZ project

New Delhi: Drug firm Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ).  The company is setting up its pharma unit in Indore SEZ to manufacture pharmaceutical formulations ...

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India facing shortage of 600,000 doctors, 2 million nurses: Study

WASHINGTON: India has shortage of an estimated 600,000 doctors and 2 million nurses, say scientists who found that lack of staff who are properly trained in administering antibiotics is preventing patients from accessing live-saving drugs.  Even when antibiotics are available, patients a...

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Dr Reddy's acquires a portfolio of 42 ANDAs in US

Drug major Dr Reddy's Laboratories Saturday said it has acquired a portfolio of 42 abbreviated new drug applications (ANDAs) in the US.  The company said it has entered into a definitive agreement to acquire yet to be marketed portfolio of ANDAs, including more than 30 generic inject...

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Kool ex cold chain bets on changing pharma distribution guidelines

Kool-ex, a specialist in pharmaceutical cold chain solutions in which Tata MotorsNSE 0.46 % recently invested, is on a significant expansion spree with a planned investment of more than Rs 300 crore.  Thanks to the growing demand for cold chain logistics in the pharma sector, the company...

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PE fund Everstone to acquire Pune Sahyadri Hospitals

Mumbai: Home-grown private equity fund The Everstone Group will acquire a controlling stake in Sahyadri Hospitals Limited, the largest hospital chain in Maharashtra. The combination of primary and secondary capital outlay is expected to increase the bed-count significantly in next five years, Eve...

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Sun Pharma receives 483 for Baska facility co says responded to USFDA

MUMBAI: India's largest drug maker Sun Pharma on Monday said that it has received letter 483 (an observation of deviation in manufacturing practice) from the US Food and Drug Administration for its manufacturing plant in Baska Gujarat. Sun said it has received 1 observation for this facility ...

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Jubilant Life's Nanjangud facility may face regulatory action by USFDA

Jubilant Life Sciences on Friday said it has been cautioned by the US health regulator that its Nanjangud facility in Mysore, may be subject to regulatory action and that the USFDA may withhold approval of any pending applications or supplements in which this facility is listed.  Jubilan...

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Biocon gets 6 observations from USFDA after inspection of its Bengaluru plant

Biotechnology major Biocon Wednesday said the US health regulator has issued six observations in Form 483 after pre-approval inspection of its insulin drug substance manufacturing facility in Bengaluru. The United States Food and Drug Administration (USFDA) concluded a pre-approval inspection of ...

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Fortis Healthcare appoints Ashutosh Raghuvanshi as CEO

NEW DELHI: Fortis HealthcareNSE 0.33 % Thursday said it has appointed Ashutosh Raghuvanshi as the Chief Executive Officer of the company effective from March 18, 2019.  He will replace Bhavdeep Singh as the CEO of the company.  "Prior to joining Fortis, Dr Raghuvanshi was a...

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United Healthcare Services files complaint against Dr Reddys US arm

New Delhi: Dr Reddy's Laboratories Wednesday said United Healthcare Services has filed a complaint against its US-based arm and some other entities, alleging a price fixing conspiracy to rig bids and allocate customers with respect to 30 drugs.  The US-based insurance firm United Hea...

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1,000 swine flu cases in Delhi this year hospitals report 13 deaths

One death due to swine flu and 124 fresh cases of Influenza A (H1N1) was Tuesday recorded in Delhi, taking the total number of people affected by the disease in the city this year to 1019, according to a report. The city had recorded 895 positive cases of swine flu till Monday, which included...

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This test can spot all types of cancers in 10 min

In a major breakthrough, scientists from the University of Queensland in Australia have claimed success in developing a simple a 10-minute test to detect all types of cancer.    It involves taking blood sample of the patient and examining the pattern of molecules called methyl g...

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Jubilant Life arm inks pact to acquire Inipharm Inc for around USD 28.5 mn

NEW DELHI: Drug firm Jubilant Life Sciences Thursday said its subsidiary Drug Discovery and Development Solutions Ltd (DDDSL) Singapore has entered into an agreement to acquire 10 per cent stake in Inipharm Inc USA for around USD 28.5 million (over Rs 199 crore).      T...

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Apollo Hospitals Enterprise expands to Kerala with superspeciality hospital

CHENNAI: Apollo Hospitals Enterprise today announced its foray into Kerala by signing an Operations and Management contract relating to a 250 bedded super-speciality hospital in the town of Angamaly, the northernmost suburb of Kochi, with the Adlux Group as infrastructure partners. Apollo Hospita...

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There will be huge change in healthcare sector if more people donate organs Ashiwini Kumar Choubey

NEW DELHI: Union minister Ashiwini Kumar Choubey said on Tuesday if more individuals decide to donate their organs it will bring a huge change in the country's healthcare sector and many lives can be saved.    The Union minister of State for Health and Family Welfare was add...

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Sun Pharma to acquire Japans Pola Pharma for $1 million

New Delhi: Sun Pharmaceutical Industries Ltd has bought Japanese drugmaker Pola Pharma Inc. for $1 million as part of plans to strengthen its global presence in dermatology, the Dilip Shanghvi-promoted pharma major said on Monday.   Part of Pola Orbis group, Pola Pharma is engaged in...

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Lupin gets USFDA nod for antidepressant drug

NEW DELHI: Drug firm Lupin Monday said it has received approvals from the US health regulator for its Clomipramine Hydrochloride capsules, and Potassium Chloride for oral solution.  The company has received approval from the United States Food and Drug Administration (USFDA) to market it...

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Gujarat tops in implementing Ayushman Bharat

NEW DELHI: Two months after the launch of Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana, Gujarat has emerged as the top performer of the Centre’s ambitious health financing scheme. As of November 23, the Prime Minister’s home state accounted for around 26% of the total number of ho...

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77 percent Indian households use Ayurvedic products PwC report

Increased emphasis on lifestyle and wellness, driven by a rise in non-communicable and chronic diseases, is driving the demand for Ayurveda in India, according to a report by Confederation of Indian Industry (CII) and PricewaterhouseCoopers (PwC)  The report said 77 per cent of Indian ho...

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Apollo Hospitals a $2 billion health empire run by four sisters makes a comeback

Mumbai: Next to Suneeta Reddy’s desk in the executive suite of Apollo Hospitals Enterprise Ltd hangs an icon of Hinduism’s many-armed warrior goddess Durga, who Reddy prays to each morning. The deity’s presence seems fitting at a company run by four women engineering an aggressi...

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IHH Healthcare completes Fortis deal by acquiring 31percent stake

New Delhi: Malaysia’s IHH Healthcare Bhd has become the controlling shareholder of Fortis Healthcare Ltd by acquiring a 31.1% stake in the company. Fortis Healthcare also appointed four persons from IHH Healthcare to its board in a meeting held at Mohali on Tuesday. The board approved the a...

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Aurobindo Pharma inks pact to acquire Australian pharma firms product

HYDERABAD: Aurobindo Pharma has said it's wholly-owned subsidiary has entered into an agreement to acquire a product under development and related assets from Australia-based Advent Pharmaceuticals Pty Ltd for USD 12.5 million.  "Our wholly-owned subsidiary, Aurobindo Pharma USA...

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Foundation stone of cancer hospital laid in Ranchi

The foundation stone of a cancer hospital, being set up by the Jharkhand government with assistance from the Tata Trusts, was laid on November 10. The Ranchi Cancer Hospital and Research Center will come up within 12 to 18 months. State Chief Minister Raghubar Das and Tata Trusts Chairman...

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Faulty hip implants: Johnson and Johnson draws up India specific reimbursement programme

New Delhi: The Indian unit of global pharma giant Johnson and Johnson () Pvt. Ltd will initiate a new “India-specific” reimbursement programme for those Indian patients who have been affected by its Acetabular Surface Replacement (ASR), or hip implants, the company has told the govern...

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AstraZeneca sues DRL on patent

AstraZeneca has filed a lawsuit in the Delhi High Court against Indian drug maker Dr Reddy’s Laboratories to block it from launching generic versions of Brilinta, its blockbuster medicine for heart ailments.  The UK biopharmaceutical company claims potential launch of copies infrin...

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91 91

Organic India may buy stake in NutriHealth

Organic India, an organic food and supplements firm controlled by ethnic wear retailer Fabindia, is in talks to buy significant stake in nutritionist Shikha Sharma’s NutriHealth, which provides personalised nutrition management services, a person familiar with the development said.  ...

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92 92

China agrees to cut tariffs on Indian cancer drugs says Foreign Ministry

BEIJING: India and China have reached an agreement on reduction of tariffs on the import of Indian medicines, particularly cancer drugs, to China, the Foreign Ministry said here today, days after a Chinese movie on a leukaemia patient highlighted the need for paving the way for import of cheap In...

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93 93

Tamil Nadu to come up with new pharma policy; industry welcomes move

 Tamil Nadu, which has been losing out to neighbouring states in its position among the major pharma manufacturing hubs, is expected to launch a new pharmaceutical manufacturing policy to attract the industry. This is at a time when the Goods and Services Tax (GST) implementation has almost...

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94 94

Hospitals may face more pricing restrictions Icra

MUMBAI: Regulatory overhang on the hospitals sector is likely to persist, with further pricing restriction expected on products and services in the future, according to rating agency Icra.   The hospitals sector has been under the regulatory scanner lately with the National Pharmace...

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95 95

New J&J TB drug not without side effects: Sir John Walker

LINDAU, GERMANY: A newly launched tuberculosis drug for the treatment of multi drug resistant TB (MDRTB) might not be without side effects and governments should be cautious while administering the drug, Nobel Laureate Sir John Walker told ETin an interview.  The 1997 Nobel winner in che...

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96 96

India launches its first national healthcare facility registry

New Delhi: The Union ministry of health and family welfare on Tuesday launched the National Health Resource Repository (NHRR), the first ever registry in the country registry of authentic, standardised and updated geo-spatial data of all public and private healthcare. The Indian Space Research Or...

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97 97

Government to create a census of 20 lakh healthcare facilities by September

New Delhi: The health ministry on Tuesday launched an exercise to create a census of over 20 lakh healthcare professionals and facilities, which is supposed to be completed by September. The resulting repository is expected to not only map the geographical locations of these facilities, but also ...

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98 98

Cancer can be defeated if we work together

Maharashtra witnesses approximately 130,000 new cancer cases annually, and ranks second nationally in its incidence, behind Uttar Pradesh. The Tata Memorial Hospital (TMH) alone receives 40,000 new cases annually from across India. Further, mortality due to cancer remains excessively high with de...

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99 99

Myth debunked Save rather than buy a health plan

Insurance is the most economical method to manage risk. We are not sure of what our health status will be next year and who in our family might be the next person to get hospitalised. Health insurance brings certainty of payment for our hospitalisation expenses while there is uncertainty on w...

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100 100

Cabinet extends scheme to strengthen health care infrastructure

New Delhi: In a major boost to expansion of health care infrastructure in the country, the Union Cabinet on Wednesday approved the continuation of the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) beyond 12th Five Year Plan to 2019-20. The PMSSY, which is a central sector scheme, aims at co...

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101 101

Manipal TPG combine submits revised offer for Fortis Healthcare

A day ahead of the bidding deadline for control of Fortis Heathcare Ltd, the Manipal Hospital Enterprises Ltd-TPG Capital combine submitted a revised bid offering to infuse Rs750 crore upfront and a new deal structure that would help mitigate the indebtedness at the firm. The combine also offered...

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102 102

Fosun joins bidding race for Fortis, offers to invest Rs2,300 crore

Mumbai: Chinese healthcare firm Fosun Health Holdings Ltd late on Tuesday submitted an unsolicited non-binding offer to the board of Fortis Healthcare Ltd to acquire its hospital assets, further intensifying competition among the bidders. A subsidiary of Fosun International Ltd, listed on the...

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103 103

Aster DM Healthcare to construct Rs 400 crore hospital in Chennai

KOCHI: Aster DM Healthcare, a leading healthcare service provider in India and in GCC with presence in 9 countries, has entered into an agreement with Subramanya Constructions & Development Company Limited (SCDC), to construct a new hospital in Chennai.  This 500 bedded, multi-specia...

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104 104

Lupin to go for restructuring of its domestic business in FY19

New Delhi: Drugmaker Lupin Ltd plans to focus on chronic therapies, explore in-licensing opportunities and restructure its domestic business in the year ahead, a top company executive said. Lupin, like other drugmakers, has suffered from the rollout of goods and services tax (GST) and price r...

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105 105

Roche launches new lung bladder cancer drug in India

New Delhi: Global pharma major Roche on Wednesday said it has launched monoclonal antibody atezolizumab under the brand name Tecentriq in India for treatment of lung and bladder cancer. Tecentriq has shown to extend survival and improve the quality of life in the approved indications, Roche s...

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106 106

Metropolis Healthcare plans to add 800 centres 10 labs by FY19 end

NEW DELHI: Diagnostic chain Metropolis Healthcare is planning to add 800 collection centres and around 10 laboratories by the end of next fiscal, a top company official has said.  The company currently has 150 labs with 1,800 collection centres and processes over 4,500 varieties of tests...

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107 107

ChrysCap buys stake in pharma firm Curatio

Kochi: Private equity fund ChrysCapital has bought a significant minority stake in Curatio Healthcare Pvt. Ltd.  ChrysCap will invest $20 million (Rs130 crore) in the Chennai-based skin care products firm, a senior executive at ChrysCap said.  Venture capital fund Sequoia holds ...

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108 108

Jan Aushadhi stores to sell sanitary pads at a third of market price

In a move to improve menstrual hygiene practices in India, the government will offer sanitary pads at all of its Pradhan Mantri Bhartiya Janaushadhi Pariyojana stores from May-end. Not only are these pads, branded 'Suvidha', expected to be a third the price of napkins currently available ...

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109 109

Microsoft, Apollo Hospitals join hands to improve cardiac care

NEW DELHI: Microsoft has partnered healthcare major Apollo Hospitals to create an artificial intelligence-focused network in cardiology.  The partnership between Microsoft and Apollo will work to develop and deploy new machine learning models to predict patient risk for heart disease and...

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110 110

8 Indian women billionaires in Forbes list

New Delhi: Eight Indian women have featured in this year’s Forbes list of the world’s richest people. Forbes’s 2018 World’s Billionaires List includes a total of 256 women billionaires—an all-time high. The collective net worth of the women billionaires in the li...

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111 111

MedGenome raises funds from HDFC group firms

Mumbai: MedGenome Labs, a genomics research and diagnostics start-up, on Monday said it had raised funds from HDFC Ltd, HDFC Standard Life Insurance Co. Ltd and HDFC Asset Management Co. Ltd to complete a series C funding round of $40 million. In October last year, MedGenome said it had raise...

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112 112

Apax leads race for Rs 2,600 crore sutures deal

MUMBAI: Buyout investor Apax Partners has emerged as the front runner to acquire India’s largest surgical and wound care products maker Healthium Medtech(formerly Sutures India) in a deal estimated at around $400 million, or Rs 2,600 crore, two people directly aware of the matter said. Majo...

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113 113

Digital therapeutics firm Wellthy Therapeutics raises Rs 13.5 Cr funding

Digital therapeutics firm Wellthy Therapeutics has raised Rs 13.5 crore ($2.1 million) from Ranjan Pai’s family office Manipal Education & Medical Group (MEMG) family office LLP along with Apoorva Patni-led Currae Healthtech Fund, Singapore-based Beenext Ventures, GrowX Ventures, IIFL S...

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114 114

Imaging equipment such as CT scanners may be brought under drugs Act

New Delhi: Imaging and endoscopic equipment like ultrasound machines, CT scanners, magnetic resonance imaging (MRI) and X-Ray machines are to be brought under the purview of the Drugs and Cosmetics Act so that the government can regulate their import, manufacture and sale. The Central Drugs S...

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115 115

Price control on stents to continue: Govt

The goverment today said it will continue with the price cap on life-saving coronary stents and asked the industry to be ready to meet the demand for medical devices once the mega health insurance plan is rolled out.  Earlier this year, the government had revised the ceiling prices for b...

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116 116

Surat firm aims to topple Abbott to become number one stent maker

Surat-based SMT (Sahajanand Medical Technologies), the number 2 player in the Indian market for stents after Abbott Healthcare, hopes to capture the pole position in two to three years. The company is banking on a randomised clinical study conducted over 1,500 patients in Europe (in which hal...

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117 117

MediAssist in talks with PEs to raise up to Rs 250 crore ahead of IPO

Private equity fund Bessemer Venture Partners and IDFC-backed Medi-Assist Health Services, a healthcare services provider, are in talks with other private equity funds to raise up to ?250 crore towards a pre-IPO fund raise, said three people with direct knowledge of the matter. The company plans ...

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118 118

NPPA revises stent prices a year after 85 percent cut in costs

India’s drug pricing regulator reworked the prices of coronary stents on Monday—bringing one up marginally and cutting another further—a year after slashing prices by as much as 85%. The National Pharmaceuticals Pricing Authority (NPPA) brought up the price of bare metal ste...

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119 119

Healthcare start up healthi raises USD 3.1 million from Montane Ventures

Bengaluru: Healthcare start-up healthi on Tuesday said it raised $3.1 million in a round of funding led by Montane Ventures, an early-stage venture capital firm associated with the Piramal family office. Bangalore-based healthi offers preventive healthcare services online through tie-ups with...

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120 120

Modicare: NHPS could prove to be a bonanza for mid size hospitals

New Delhi: The recently announced National Health Protection Scheme (NHPS) could prove to be a big bonanza for mid-size hospitals when implemented. Under the ambitious scheme, dubbed Modicare, the government has a provision to include hospitals with a staff strength of over 20 fitting into the NH...

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121 121

Multinational stent makers press for differential pricing of devices

New Delhi: Multinational stent makers pressed for differential pricing of advanced coronary stents before the national drug pricing watchdog on Monday, after a government panel rejected the demand last week. Last year’s price control on stents—mesh tubes placed in arteries to impr...

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122 122

Tatas to begin 17 cancer care centres across Assam from 2019

GUWAHATI: Tata Sons chairman Natarajan Chandrasekaran today said that the Tata Group will join hands with Assam government to roll out an elaborate cancer care programme across 15 districts of the state from next year.  "Tata group has a long-standing relation with Assam. Assam is v...

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123 123

Centre, states need to work together to implement Modicare: Arun Jaitley

New Delhi: To effectively implement the government’s ambitious mega health insurance scheme touted as “Modicare”, the centre and states need to work together under federal institutions like the GST (Goods and Services Tax) Council, finance minister Arun Jaitley said on Friday. ...

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124 124

Health protection scheme a game changer: Apollo Hospitals

Healthcare provider Apollo Hospitals today termed as a 'game changer' the budget proposal to cover 10 crore families under the National Health Protection Scheme.  The initiative to provide 10 crore families with Rs 5 lakh insurance cover each annually will be a "game changer...

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125 125

Move on Obamacare, here comes Modicare, worlds biggest govt funded scheme

Finance Minister Arun Jaitley has announced an ambitious National Health Protection Scheme for 10 crore poor families. Rs 5 lakh will be allocated per year for a family. The flagship health care scheme would be the world's largest government-funded health programme, Ayushman Bharat Programme,...

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126 126

Omron Healthcare India eyes 45 percent revenue growth in next year

New Delhi: Japanese medical devices maker Omron Healthcare is targeting around 45 per cent rise in revenues at Rs 189 crore in the next fiscal year aided by expansion in tier-I and tier-II cities. The company also plans expansion of sales network and use of e-commerce for promoting its produc...

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127 127

Globally, home healthcare is a 100 billion dollar industry: Vipin Pathak

In an interview with ETHealthworld, Vipin Pathak, CEO & Co- Founder, Care24, Mumbai, talks about home healthcare scenario in India and the embedded challenges in this vertical. Edited excerpts: Healthcare at Home: Trends We started a journey sometime back, globally if we see the devel...

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128 128

Accord national priority status to healthcare: Apollo Hospitals

NEW DELHI: Giving national priority status to healthcare and adoption of universal health insurance are some of the important steps required to boost healthcare delivery in the country, Apollo Hospitals said today.  The Budget must acknowledge that quality of healthcare delivery is non-n...

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129 129

Screening all women for cancer genes may be cost effective

London: Screening all women over 30 years age for breast and ovarian cancer gene mutations can be cost effective and could also prevent more of these cancers than just screening those at genetic high-risk, suggests a study led by an Indian-origin researcher. The most well-known breast and ova...

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130 130

Biocon teams up with Sandoz for next gen Biosimilars

Biocon and Sandoz, the generic drug division of Novartis have formed a partnership to develop, manufacture and sell affordable copies of biologic drugs in immunology and oncology globally.  The companies will jointly develop and make the drugs known as biosimilars and obtain regulatory a...

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131 131

India's plan to reduce medicine prices faces industry pushback

By Ari Altstedter and Abhijit Roy Chowdhury  India's proposal to curb drug prices by stripping generic medicines of their brand names has stalled after the plan faced pushback from the country's pharmaceutical companies, according to people with knowledge of the discussions. ...

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132 132

State health ministers pledge to set up robust national food testing system

Health ministers of all states today pledged to set up a robust national food testing system by ensuring adequate number of laboratories and focus on nutrition by promoting healthy dietary habits and addressing rising incidences of obesity and noncommunicable diseases.  It was part of a ...

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133 133

BJP MP demands setting up of medical regulator for private hospitals

NEW DELHI: A BJP MP today demanded setting up of a regulator to streamline functioning of private nursing homes and healthcare facilities, particularly to curb malpractices like over-pricing of medical procedures and services.  Raising the issue in the Lok Sabha, Meenakshi Lekhi said the...

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134 134

Manipal hospitals may buy Hyderabad's Star Hospitals

HYDERABAD | MUMBAI: Backed by the investments from global private equity giants, Manipal Hospitals, which has been looking to expand its presence both in India and abroad, is in advanced talks to buy Hyderabad's multispecialty hospital chain Star Hospitals.  The due diligence process...

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135 135

Cancer risk may be increased by sleeping with this next to your head

London [UK], December 19 (ANI): In a recent study, a group of researchers have found that sleeping with your phone in your bed, or near to your head, could increase the risk of brain cancer. Phones emit radio frequency energy, which some scientists believe could increase the risk of brain can...

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136 136

Rein in MRP or government will syringe makers told

In response to a series of revelations on the huge margins charged by hospitals on medicines and consumables, the NPPA is learnt to have told syringe manufacturers that they could either voluntarily limit the margins and MRP or the government would have to step in to regulate them.  In a...

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137 137

Indian healthcare market to hit $372 billion by 2022

NEW DELHI: India's healthcare market may see threefold jump in value terms to USD 372 billion by 2022, driven by growing incidence of lifestyle diseases and rising demand for affordable healthcare delivery systems, says a report.  The report prepared by Assocham and research firm RNC...

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138 138

Credihealth to raise around Rs 100 cr to fund expansion

Medical assistance company Credihealth is looking to raise around Rs 100 crore to fund its expansion to up to 60 cities in the country by 2020, a top company official said. The company is present in 12 cities with 450 hospitals and 25,000 doctors on its platform. "We are looking to r...

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139 139

After new rare diseases policy, govt incentives needed for finding cures

Shashank Tyagi, a 27-year-old Delhi-based businessman, was diagnosed with Gaucher’s disease when he was five. “I still remember I used to vomit after every small meal as food wasn’t able to digest and fit into my stomach,” he says, recalling the frequent fatigue and pain. ...

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140 140

Aurobindo Pharma looks for inorganic growth prospects in East Europe

Hyderabad-based Aurobindo Pharma is looking at inorganic growth opportunities in Eastern Europe and other geographies for deeper market penetration and to secure newer technologies. Apart from acquisitions, the company is also keen to expand its product portfolio in the US and Western Europea...

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141 141

New chemotherapy delivery hits precise target

BENGALURU: An Indian scientist has claimed a breakthrough in reducing the side-effects of chemotherapy by creating a drug delivery system that will target only cancer cells and leave healthy cells unharmed.  The patented system – contained in a whole-body device called Cellular Foc...

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142 142

More life-saving medicines to become cheaper by as much as 53%

NEW DELHI: More essential medicines to treat life-threatening ailments including heart problems, Hepatitis-C and cancer are set to become cheaper, with India’s drug pricing watchdog having capped prices of 51 drugs by as much as 53%.  The National Pharmaceutical Pricing Authority (...

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143 143

Indian home healthcare platform Portea Medical raises $26M Series C

Portea Medical one of India’s biggest platforms for home healthcare visits, has raised $26 million in Series C funding to expand its service range. The round was led by Sabre Partners and MEMG CDC, with participation from returning investors Accel (which led Portea’s Series B two year...

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144 144

Everstone buys Malaysian medical devices company Chemopharm

NEW DELHI: The Everstone Group has acquired Malaysia-based diagnostics and medical supplies distributor Chemopharm for an undisclosed sum. Singapore-based Cure Capital acted as a co-investor in the transaction.  Chemopharm has distribution presence in Singapore, Thailand, Indonesia, Viet...

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145 145

Biocon introduces oncologic biosimilar KRABEVA in India

NEW DELHI: Biotechnology major Biocon today said it has launched its cancer biosimilar drug KRABEVA in India.  The biosimilar product will be used for the treatment of patients with metastatic colorectal cancer and other types of lung, kidney, cervical, ovarian and brain cancers in India...

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146 146

Cipla shines in gloomy pharma pack, biggest beneficiary of faster approvals

In a matter of few days, Cipla has announced the approval for the launch of three key generic drugs in the US market, which has boosted its share price. Recent news apart, even in the past few months, Cipla has been among the top performing pharmaceutical stocks. While Cipla getting approval for ...

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147 147

India can become second largest market for robotic surgery: Vattikuti Foundation

With the aim of installing 200 more robots and reach over 20,000 robotic-assisted surgeries per year by 2020, US-based Vattikuti Foundation is set to make India the second largest market for robotic surgery in the world after the US, said the non-profit's top executive here.  "I...

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148 148

Apollo Hospitals to take pharmacy store count to 3,000 in next 6 months

Apollo Hospitals has accelerated its pharmacy expansion during the current financial year with the target of reaching around 3,000 stores in the next six months.  The healthcare major manages the largest organised pharmacy retail chain in the country with around 2,742 outlets as on Septe...

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149 149

Narayana Hrudayalaya plans Rs 500 cr expansion, to enter Africa

Leading private sector hospital chain Narayana Hrudayalaya has chalked out a Rs 500 crore expansion plan, which will see it entering high-value markets in the country over next three years as well as making a foray into Africa. "After acquiring Health City, Cayman Islands, which is our s...

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150 150

Malnutrition India's biggest health hazard, air pollution a close second

NEW DELHI: Child and maternal malnutrition continues to be the biggest health hazard in India since 1990, while deteriorating air quality came a close second, according to a recent report in one of the world's oldest medical journals.  The report published in the Lancet journal has f...

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151 151

How PM Narendra Modi put new life in an ailing UPA scheme

Prime Minister Narendra Modi has given a new lease of life to a sickly scheme from the second term of the Congress-led United Progressive Alliance (UPA) coalition government.  Few had heard of Jan Aushadhi Scheme before September 2015, when the Modi-led government renamed it first as Pra...

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152 152

SMT bags tender to supply 10,000 stents to Italian public hospitals

Indian medical device firm Sahajanand Medical Technologies (SMT) has bagged a tender to supply its drug-eluting coronary stents to public hospitals in a region of Italy over the next two years. The stent maker’s brand was chosen over eight other drug-eluting stents, including those by globa...

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153 153

India's pink army: Bringing healthcare to the deprived in 600,000 villages

In a country where quality healthcare remains a privilege of the rich and influential, a silent army of women, clad in pink sarees, work tirelessly and selflessly to make basic healthcare facilities accessible to those who live on the margins of the growing Indian economy, particularly in the cou...

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154 154

Healthcare sector revenues to grow 15 percent annually over next 3yrs, Crisil

The healthcare sector revenues are expected to grow at 15% annually over the next three financial years (FY2018-FY2020) led by rapid expansion in health insurance coverage through government-sponsored schemes, says Crisil Ratings. "The Rs 4.8 lakh crore healthcare delivery sector in Indi...

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155 155

CURA Healthcare launches 360 degree Breast Thermography System

Chennai: CURA Healthcare announced today the launch of robot-assisted digital 360 degree breast thermography device, an early breast cancer warning system for all age groups. Illumina 360 degree images allow doctors to differentiate between normal and abnormal breast tissues that may develop ...

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156 156

NephroPlus to open up to 55 dialysis centres by 2018 end

NEW DELHI: Dialysis service provider NephroPlus is looking to open up to 55 centres across India by the end of next year as part of its expansion plans, according to a top company official.  The expansion in the Indian market could entail an investment of around Rs 55 crore.  &q...

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157 157

Indian flyers welcome breast cancer awareness campaign

Close to 1.25 lakh people who fly IndiGo every day are coming in support of the “breast cancer awareness campaign” initiated by GE Healthcare and IndiGo.  #BEPROACTIVE - a nationwide awareness campaign kick started on 20 October 2017 with an aim to ensure more women are made ...

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158 158

Dr Agarwals Eye Hospital to open facilities in Dubai, Oman

Chennai-based hospital chain Dr Agarwal's Eye Hospital is looking to expand its overseas presence in the West Asia by opening hospitals in Dubai and Oman. The hospital chain's foray into the Gulf countries is part of its expansion plan, wherein it intends to double its network in India an...

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159 159

US medical device makers call for trade action against India

American medical device companies have written to the US government asking that it suspend or partly or fully withdraw India's benefits under the Generalized System of Preferences (GSP) "in view of its failure to provide equitable and reasonable access to its market for medical devices&q...

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160 160

Tatas Rs 1,000 cr Diwali gift for cancer patients

The Tata Trusts project, which seeks to provide affordable cancer treatment in every nook and corner of the country, is being personally supervised by Ratan Tata.  Tata Trusts, led by Ratan Tata, has pledged Rs 1,000 crore and other resources to help the central government develop cancer...

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161 161

U.S. pressing India to avoid capping medical device prices, allow withdrawals

NEW DELHI: The United States is pressing India not to extend price caps on medical devices and wants New Delhi to allow firms to withdraw products from the market if they do not wish to sell at government determined rates, a U.S. trade official told Reuters. Indian Prime Minister Narendra Mod...

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162 162

World Heart Day 2017. 10 effective tips to keep your heart healthy forever

We all know the basics of a healthy heart, but some habits are such that we continue them without realizing that they are wreaking havoc on our hearts. Call it social pressure or negligence, the victim always is the heart. Heart pumps blood to our entire body and the significance of this cannot b...

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163 163

Government forbids cos from withdrawing stents until December to prevent shortage

NEW DELHI: The government has prevented companies that make or import coronary stents from requesting permission to discontinue their products until December to prevent a shortage of the life-saving devices.  The move may affect multinational companies that have been trying to withdraw t...

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164 164

Max Healthcare launches Max at Home, brings patient care to homes

NEW DELHI: Max Healthcare is bringing its domain expertise in patient care to people within the environs of their homes with the launch of its new vertical Max@Home, a senior company official said.  Under the new initiative, the healthcare major plans to offer a total of 17 types of serv...

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165 165

Transasia Bio Medicals launches rapid detection kits for dengue and malaria

Mumbai: Mumbai-based Transasia Bio-Medicals Ltd. has introduced the ErbaQik range of rapids for Dengue and Malaria detection. The ErbaQik kits have been proven to have superior specificity (100%) and sensitivity (>92%) for all parameters of dengue and malaria, based on extensive evaluation stu...

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166 166

Healthcare network Temasek buys Rs 1k crore Manipal stake

MUMBAI: Singapore's Temasek Holding has agreed to acquire a Rs 1,000-crore stake in Manipal Hospitals in a deal that possibly turns the Bengaluru-based private healthcare network into an industry consolidator. Temasek's investment committee last week approved a transaction to buy existing...

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167 167

Domestic stent makers gain on the back of price caps

NEW DELHI: Domestic stent makers are looking to capture a greater share of India’s coronary stent market on the back of an uptick in sales after the government slashed prices of the devices by over 80 per cent. While some multinational firms have claimed the move has made it unviable to sup...

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168 168

Digital dispensaries take affordable healthcare to remote locations

Like all good entrepreneurs, Dr Syed Sabahat Azim has an excellent idea and he knows how to sell it. While at it, the IAS officer-turned-entrepreneur also hopes to solve India’s primary healthcare problem. “We call it hospital in a box,” says Dr Azim, chief executive of Kolkata ...

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169 169

Abbott to stop sales of bioresorbable stent Absorb, moves to withdraw it in India

NEW DELHI: Abbott Vascular moved an application on Friday to withdraw its bioresorbable coronary stent from India, drug pricing watchdog National Pharmaceutical Pricing Authority (NPPA) has confirmed. The move follows the US stent maker’s decision to stop global sales of its bioresorbable c...

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170 170

National policy to fight drug abuse on cards

NEW DELHI: The government is set to pass the country’s first national policy to fight drug addiction that proposes specialist doctors and facilities to treat addicts in all government hospitals and accreditation of de-addiction centres.  The final National Policy on Drug Demand Red...

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171 171

Hospitals liable to pay if consulting doctors involved in medical negligence

Shakila Banu, ever since she had a fall seven years ago, used to get back pain while sitting for more than three hours at a stretch. She was under the care of orthopaedic surgeon Dr K Chandran. Shakila was admitted to Padmini Nursing Home in Chennai on October 9, 2003 where Dr Chandran performed ...

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172 172

Roche Diagnostics India looks at 15 per cent IVD market share in 2 years

NEW DELHI: Roche Diagnostics India is aiming at 15 per cent share of the in-vitro diagnostics market in the next two years as part of its growth plans in the country.  Roche Diagnostics is part of Swiss healthcare major Roche. It sells devices and equipment to labs and hospitals and is m...

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173 173

Apollo Hospitals aims to grow private label business in five years

Apollo Hospitals Enterprise Ltd (AHEL) is looking at increasing the contribution of private labels to its pharmacy business. Private labels account for around 6.5 per cent of the pharmacy business at present and the company is envisaging to take this up to 20 per cent in five years, said a senior...

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174 174

NPPA threatens legal action against 40 hospitals for not displaying knee implant prices

NEW DELHI: Over a week after it capped the maximum prices of knee implants in the country, the National Pharmaceutical Pricing Authority (NPPA) has flagged 40 hospitals for not displaying the new prices on their websites.  The drug pricing watchdog has threatened action against these hos...

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175 175

Healthcare Global to set up 12 new hospitals in 18 months

NEW DELHI: Healthcare Global Enterprises (HCG), a Bengaluru-based chain of specialised cancer care centres, plans to set up a dozen new hospitals over the next 18 months, the publicly traded company’s chairman, BS Ajai Kumar, said.  HCG plans to expand its network of cancer care ce...

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176 176

CallHealth to expand footprint by setting up health care lounges in IT parks

Hyderabad-based CallHealth Services Private Limited, which has built an online platform along with the essential front-end infrastructure to offer integrated health care services to people at their choice of location, is now planning to roll out 'Healthcare Lounges' across all Information...

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177 177

Cap prices of drugs & medical appliances also: Doctors body

NEW DELHI: After the government fixed a price range for knee implants, a national body of medics working to promote ethical healthcare has demanded that a cap should be put on the cost of drugs and other medical appliances also.  Alliance of Doctors for Ethical Healthcare (ADEH) has subm...

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178 178

After stents, knee implants get cheaper as govt caps price

After cardiac stents, the National Pharmaceutical Pricing Authority (NPPA) has capped the prices of orthopaedic knee implants.  The cobalt chromium knee implant, available at over Rs 1,58,000 at hospitals, will now be available for a ceiling price of Rs 54,720. At present, such implants ...

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179 179

Government working on steps to bring down knee surgery costs: PM Narendra Modi

NEW DELHI: After the recent move to put a cap on the price of coronary stents, the government is working on measures to bring down the expenditure on knee surgeries, Prime Minister Narendra Modi said today.  In his Independence Day speech from the ramparts of the Red Fort here, he said t...

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180 180

Trade margins on knee implants as much as 300 percent, says regulator

NEW DELHI: Average trade margins on knee systems for implants are as high as 300%, India’s drug pricing watchdog said. The average margin for importers of total knee systems was 76% while for distributors and hospitals, it was 135%, the National Pharmaceutical Pricing Authority said on Frid...

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181 181

GST: Dialysis, pacemaker, cancer devices to cost more, says health ministry

People may have to shell out more for availing of some of the healthcare services such as dialysis, pacemaker implantation, support devices in orthopaedics and cancer treatment due to levying of the GST, the Union Health Ministry has said. The GST cell of the Ministry has said this on its web...

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182 182

Apollo Hospital's family constitution to be finalised soon: Prathap C Reddy

The family constitution of Apollo Hospitals Group, which would elaborate on the roles of the promoter family members for the future, will be ready in a few weeks, Prathap C Reddy, executive chairman, Apollo Hospitals & Enterprises Ltd said. "We have to get all the opinions and commen...

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183 183

No more freebies: Modi government plans crackdown on marketing by drugmakers

MUMBAI: India, one of the world's largest markets for pharmaceuticals, is drawing up its first set of marketing rules for drugmakers, restricting gifts and trips offered to doctors and pharmacists to 1,000 rupees ($15), according to a draft proposal seen by Reuters.  While such rules...

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Medical devices to carry MRP on packs from Jan 1: Govt

Medical Device will have to mandatorily carry maximum retail price (MRP) on packages from January 1, 2018, the government informed Parliament on Tuesday.  Minister of State for Road Transport and Highways, Shipping and Chemicals and Fertilisers Mansukh L Mandaviya said in a written reply...

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‘Quitting tobacco can decrease cancer chances eight times’

NAGPUR: Increase in tobacco consumption has led to rise in cancer cases among the youth in recent years. “It is most common in people between 25 and 40 years of age,” said Dr Satsheel Sapre, HoD of Head and Neck Cancer Department at Rashtrasant Tukdoji Regional Cancer Hospital (RST). ...

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A dose of medicine to fix the health sector

What is the single biggest factor that is lacking in India’s healthcare sector today ? You don’t need to be a rocket scientist to come up with the answer : trust. The relationship between the doctor and his patient has never been this tenuous. This may be true of the larger cities...

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Bar expenditure by firms for referral fees to docs: CAG

NEW DELHI: The Comptroller and Auditor General (CAG) has asked the Central Board of Direct Taxes to disallow expenditure by companies in respect of all kinds of freebies and referral fees paid to medical practitioners.  It also asked the CBDT to disallow advertisement and business promot...

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Dr Reddy's and CHD Bioscience sign up for licensing of a wound care drug

MUMBAI: Hyderabad based Dr Reddy's and biopharma company CHD Bioscience today announced a global licensing agreement for the clinical development and commercialisation of Dr Reddy's phase III clinical trial candidate, DFA-02.  Under the terms of the agreement, Dr Reddy's woul...

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You need not always complete full course of antibiotics: Doctors

NEW DELHI: Is it important to complete a full course of an antibiotic? Yes, according to conventional wisdom, which says stopping a course mid-way could lead to drug resistance. But several scientists have now challenged this claim. In many situations, stopping antibiotics sooner is a safe wa...

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Over 2 million enrolled in India's quit tobacco programme in a year: WHO

NEW DELHI: The WHO has said more than 20 lakh people enrolled themselves in the first year of a quit-tobacco initiative of the Indian government and also advocated harnessing mobile technology for personalised advice.  Considering the high interest in quitting among tobacco users, the go...

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Apollo Hospitals to add over 2,000 beds in next three year expansion plan

After crossing a target of 10,000 beds capacity, Apollo Hospitals is gearing for the next stage of an expansion plan that would see an addition of around 2,000 beds. The hospital chain is in the final stage of its current three-year expansion plan, which targeted to add 2,500 beds. "I th...

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Creador acquires 22 per cent stake in Paras Healthcare for Rs 275 crore

NEW DELHI: Malaysian private equity firm Creador has acquired a minority stake in Paras Healthcare through affiliate Commelina for Rs 275 crore, officials from both companies confirmed.  According to persons close to the development, Creador has picked up approximately 22% stake in Paras...

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Why you pay 2 to 5 times the wholesale price on medical devices

NEW DELHI: Even if the central government and the National Pharmaceutical Pricing Authority were to control prices of all the medical devices recommended by the state drug authorities of Maharashtra and Odisha, it would barely cover 15% of India's medical device market estimated to be worth a...

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Credihealth launches medical loan facilities

CHENNAI: Credihealth, a medical assistance company, has launched a medical loan facility on its platform, partnering with banks, NBFCs and fintech players like Rubique. Users can now apply for medical loans via Credihealth and make paperless in-principal transactions to avail loans ranging fr...

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Lung transplant: PGIMER creates history, performs India's first surgery

The Postgraduate Institute of Medical Education and Research here said that it has performed its first lung transplant surgery successfully today on a 35- year-old woman from Punjab. The complex operation took over 12 hours and was successfully completed by a team of 20 doctors and support st...

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Apollo Hospitals launches air ambulance service network

Apollo Hospitals has launched a round-the-clock dedicated Air Ambulance Service Network to bring in patients in emergency from various parts of the country, especially from the smaller cities and towns to the major cities. The company has entered into partnership with Bengaluru-based Air Avia...

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The hospital mate

Your speed of recovery in a hospital is related to many things. Among them is one you might not consider: the condition of your roommate. A recent study published in the American Journal of Health Economics found that hospital patients who are assigned healthier roommates require less care an...

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Will GST mitigate the cascading effects of multiple taxes on healthcare

In India, the healthcare sector has grown magnanimously since the last century. Today, the contribution of healthcare to the country’s gross domestic product (GDP) is pegged at 5 per cent. From $ 80 billion in 2012, the healthcare sector is expected to reach $ ...

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Hospitals can bear up to 2 percentage hike in costs due to GST Apollo Hospitals

Even though the health care sector is exempt from the goods and services tax (GST), hospitalisation costs are estimated to go up by four to five per cent under the new indirect tax regime, said Prathap C Reddy, founder-chairman, Apollo Hospitals. Indicating that hospitalisation costs are likely t...

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PerkinElmer acquires autoimmune testing firm Euroimmun for $1.3 billion

Analytical & lab equipment supplier PerkinElmer Inc has entered into a definitive agreement to acquire Euroimmun Medical Laboratory Diagnostics AG for $ 1.3 billion.  Based in Lubeck, Germany, with approximately 2,400 employees, Euroimmun&...

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Andhra Pradesh ties up with TUV Rheinland to test medical devices

HYDERABAD: German technical services provider TUV Rheinland’s Indian subsidiary has partnered with Andhra Pradesh MedTech Zone (AMTZ) to create an infrastructure for Electro-Magnetic Interference (EMI/EMC) at an investment of Rs 85 crore over four to five years.  The public-private...

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Delay in 'Made in India' chikungunya vaccine, researchers seek govt action

For the first time, an indigenously-developed vaccine against chikungunya has been developed and the first human trials are underway albeit on a slow pace. If all goes on well, a vaccine against chikungunya could be a reality in a few years. The novel vaccine candidate agai...

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Central nod for setting up of 100 AYUSH hospitals: Shripad Yesso Naik

THANJAVUR: The Centre has approved proposals for setting up of 100 Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) hospitals across the country, Minister of state for AYUSH Shripad Yesso Naik has said.  The minister said during the last three years the Union government had approved posti...

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Apollo aims to hike occupancy

Apollo Hospitals Enterprise Ltd (AHEL) is focusing on increasing its occupancy to improve growth following a decline in the year 2016-17. The hospital has an occupancy of 47 per cent. It plans to increase occupancy to 65 per cent by the end of the current fiscal year, according to senior man...

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Obesity may lead to a decreasing lung function, warn doctors

For 63-year-old Kumar Shahani, a weight loss surgery has helped alleviating the risk of pulmonary embolism, a potentially fatal condition that he had developed wherein a blood clot got lodged in an artery of his lung, blocking blood flow to part of the vital organ. Pulmonary embolism can dam...

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Fitness start ups see spike in growth as urban health awareness improves

With more and more urban Indians measuring the steps they walk each day in order to improve their general health levels, start-ups offering fitness apps are seeing a spike in the number of monthly fee-based subscriptions for theire services. Health and fitness apps&n...

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Global medical device cleaning market to touch $ 1.7 bn by 2022

The global medical device cleaning market, valued at $ 1.31 billion in 2017, is expected to grow at a CAGR of 5.6 percent during 2017–2022 to reach $ 1.71 billion by 2022, according to a MarketsandMarkets report. The medical device cleaning market includes detergents and disinfectants used ...

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