Page 14 - Healthcare Sector

Companies gear up for Omicron version of coronavirus vaccines

Zydus to keep a laboratory product ready based on the new variant

Johnson & Johnson plans to split into drug and consumer companies

The health-care giant will split off its consumer division in 18 to 24 months, the company said in a statement

eGov Foundation partners with J-PAL S Asia to improve govt service delivery

Under this partnership, eGov will facilitate access to administrative data that can be used by J-PAL affiliated researchers to design and evaluate policy programs

UK targets £8 billion in extra health research, education spend

The announcements, which include a raft of smaller spending decisions, follows news of £6.9 billion for regional transport projects ahead of a major review of government spending

Healthcare industry leaders hail 100-crore Covid-19 vaccination milestone

Healthcare industry leaders on Thursday hailed the country surpassing the 100-crore COVID-19 vaccination mark and termed it as a historic moment. Serum Institute of India (SII) CEO Adar Poonawalla, whose company is one of the major providers of COVID-19 vaccine in the country, congratulated Prime Minister Narendra Modi, various ministries and healthcare workers for achieving the milestone. "My heartiest congratulations, Shri @narendramodi Ji, as India crosses 1 billion doses of COVID vaccine inoculations today under your exemplary leadership. I also congratulate all the GOI ministries, agencies, & healthcare workers for their relentless efforts during this pandemic," he tweeted. Bharat Biotech Joint Managing Director Suchitra Ella, while tagging PM Modi, Health Minister Mansukh Mandaviya and others, tweeted: "Congratulations India. Thanx a Billion! A global feat achieved overcoming Covid Challenges Collaborations Commitment Confidence Courage Compassion in PUBLIC HEALTH ...

Health Ministry's eSanjeevani records 14 million consultations

The government's National Telemedicine Service, eSanjeevani, has clocked 14 million consultations so far, with Andhra Pradesh, Karnataka and Tamil Nadu among the 10 states

Interface between health training, communities must: Mansukh Mandaviya

Special focus is being provided to the states with an inadequately trained workforce, the minister said

Metropolis Healthcare board approves acquisition of Hitech Diagnostic

Metropolis Healthcare said its board approved the acquisition of Hitech Diagnostic Centre and its arm Centralab Healthcare Services in a combination of cash and equity shares deal.

HCL Tech, Google Cloud expand tie up for healthcare, life science solutions

HCL Technologies on Monday said it has expanded its strategic partnership with Google Cloud to jointly launch healthcare and life sciences solutions for customers

Health ID - Digital, Secure, Inclusive

With a federated architecture, no health records will be stored in a central repository, reducing the risk of a single hacked server leading to leakages

Covid-19 vaccine needs an injection of pace to keep up with syringe demand

The inoculation programme may suffer from a syringe shortage

Max Healthcare plans Rs 1,600 cr investment to add 1,000 beds in Gurugram

Max Healthcare Institute on Monday said it plans to invest around Rs 1,600 crore to expand its capacity in the national capital region by adding around 1,000 beds in Gurugram, Haryana. The company, "is further fortifying its presence and expanding its bed capacity in NCR by addition of two hospitals of around 500 beds each in Gurugram," Max Healthcare Institute said in a regulatory filing. The Max Healthcare board approved the expansion plan in a meeting held earlier in the day, it added. "The overall investment is expected to be approximately Rs 1,600 crore. The expansion plan is proposed to be funded by internal accruals, borrowings and / or such other modes as may be permitted under the applicable laws," Max Healthcare Institute said. For the two hospitals, two land parcels measuring around 6.11 acres and around 5.26 acres are being allotted by HSVP (Haryana Shahri Vikas Pradhikaran) post successful bid by the company in a recent HUDA auction, it added. "The two newly acquired

Cipla eyes acquisitions in India, US after Covid-led windfall

With a funding frenzy currently underway in India, Cipla may struggle to find attractive targets

Medanta brand-owner Global Health files IPO papers with Sebi

Proceeds from the fresh issue will be used to pay debt and general corporate purposes.

'India, US need to work jointly in reforming global health architecture'

Both India and the US are global partners and need to work collaboratively in reforming the global health architecture, Union Health Minister Mansukh Mandaviya said on Tuesday

Sterling Accuris to raise Rs 250 crore from fund managed by Morgan Stanley

Diagnostic lab chain Sterling Accuris Wellness on Monday said it has inked a pact to raise Rs 250 crore from a fund managed by Morgan Stanley Pvt Equity Asia in order to expand operations. Sterling, which started operations in 2016, has over 1,000 employees and operates around 150 labs and collection centers in Gujarat, Delhi, Rajasthan and Madhya Pradesh. The company is aiming a revenue of around Rs 250 crore in the current fiscal year. As diseases become more complex, the need for their quick and accurate diagnosis through testing will become more critical," Sterling Accuris Chairman Girish Patel said in a statement. This will lead to increased customer preference towards organised pathology lab networks, he added. "Over the last five years, Sterling Accuris have built a strong business in the markets we operate in and the growth capital infusion from a seasoned investor like Morgan Stanley will help the team accelerate the execution of our expansion plan," Patel noted. During

Nurse to doctor ratio in India estimated to be 1.7:1 on basis of NSSO data

The nurse to doctor ratio in India is estimated to be 1.7:1 on the basis of NSSO data, while the ratio of allied health workers to doctors is estimated to be 1:1

Indegene acquires Medical Marketing Economics for around $10 mn

Healthcare solutions provider Indegene on Monday said it has acquired MME for approximately $10 million to strengthen its pricing, reimbursement and market access capabilities.

Vijaya Diagnostic IPO to open on Sept 1; price band set at Rs 522-531/share

The IPO is entirely an offer for sale of 35,688,064 equity shares by the promoter and investors

Non-Covid biz not back to pre-pandemic levels: Metropolis Healthcare MD

In a Q&A, Ameera Shah says, however, that the impact of the second wave on her industry segment wasn't as bad as the first