Page 10 - Healthcare

Entero Healthcare Solutions' Rs 1,600 cr IPO to open on February 9

Healthcare products distributor Entero Healthcare Solutions on Tuesday said it has fixed a price band of Rs 1,195-1,258 a share for its Rs 1,600 crore Initial Public Offering (IPO). The initial share sale will open for public subscription on February 9 and conclude on February 13 and the bidding for anchor investors will open on February 8, the company said. Entero Healthcare's IPO is a combination of a fresh issue of equity shares worth up to Rs 1,000 crore and an Offer For Sale (OFS) component of 47.69 lakh equity shares aggregating up to Rs 600 crore at the upper end of the price band. Those selling shares in OFS include Prabhat Agrawal, Prem Sethi, and OrbiMed Asia III Mauritius Ltd. Proceeds from the fresh issue will be used towards payment of debt, funding working capital requirements, pursuing inorganic growth initiatives through acquisitions and general corporate purposes. Entero Healthcare Solutions was founded in 2018 by Prabhat Agarwal and Prem Sethi. The company claims

Max Healthcare signs MoU with RCOG for advanced gynaecology programme

As part of the MoU, both organisations will work to promote and conduct training in obstetrics and gynaecology, assessment, and certification of training in India

Falling biotech funding may be a bitter pill to swallow for CDMOs

Indian CDMOs are focusing on big biotech clients, and going forward, they believe the funding issues will not last long

IRDAI asks insurers to give coverage for AYUSH in health insurance policies

IRDAI asked companies to modify products that contain limitations for AYUSH treatments and ensure compliance with the revised guidelines

Interim Budget: U-WIN platform to be rolled out for managing immunisation

The U-WIN portal is linked with Co-WIN portal and the beneficiary records from Co-WIN can be accessed through U-WIN using the registered mobile number for facilitation of registration of children

Delhi Budget session from Feb 15; health, education, roads among priorities

The Kejriwal government will present its tenth budget in the budget session of Delhi Assembly to be held from February 15-20, with a focus on health, education, roads and infrastructure, officials said on Friday. Delhi Finance Minister Atishi is expected to table the 2024-25 budget of the city government on February 17, they said. It will be the first budget presentation by Atishi, who was given the finance portfolio last year. A file of the budget session has been sent to Lieutenant Governor V K Saxena for his approval, said a statement from Delhi government. In the forthcoming budget, the Kejriwal government is set to address several significant issues, placing particular emphasis on education, health, electricity, water, roads, and infrastructure and various developmental projects, the statement said. The government is considering to start the 'Business Blasters' programme for final-year and pre-final-year students in colleges, aiming to enable them to start their businesses a

Need to focus on education, healthcare to become developed nation: Rajan

Former RBI Governor Rajan highlighted the fact that India has maintained an average growth rate of six per cent over the past 25 years, which is no easy feat for any country

Govt committed to transform healthcare landscape: Health minister Mandaviya

The government is committed to transform the country's entire healthcare landscape, Health Minister Mansukh Mandaviya said Wednesday, highlighting that this dispensation opened several new AIIMS, raised the number of medical colleges to almost double and operationalised more than 10,000 Jan Aushadhi Kendras. He was speaking after virtually inaugurating a Super Specialty Block at Ganesh Shankar Vidyarthi Memorial Medical College in Kanpur, Uttar Pradesh. He also laid the foundation stone of an All India Institute of Speech and Hearing (AIISH) Satellite Centre in Kanpur. "This Super Specialty Block offering 12 super-specialty services will help people take these specialised services locally, saving their valuable time and resources," he said. On the AIISH Centre in Kanpur, he said it will be the first such state-of-the-art centre in North India which will not only train doctors but also provide care to people. It is the dream of Prime Minister Narendra Modi that AIISH institutes be .

Aster DM shareholders approve separation of firm's India, GCC businesses

Aster DM earlier announced plans to separate its India and Gulf businesses in a deal valued at $1 billion

Expect private hospitals to invest Rs 32,000 cr, add over 30,000 beds: ICRA

Private hospital chains are expected add over 30,000 beds at an investment of Rs 32,500 crore in the country over the next four to five years, rating agency Icra said on Wednesday. It expects the aggregate occupancy for its sample set companies to remain healthy at 64-65 per cent in FY24 backed by sustained healthy demand for healthcare services, continued market share gains for organised players and revival in medical tourism after the pandemic. "Overall, most private players are expected to add over 30,000 beds in the next four to five years at an investment of Rs 32,500 crore," ICRA Assistant Vice President & Sector Head Mythri Macherla said. Metro cities are expected to remain focal points for this capacity expansion, she added. Centres such as Delhi-NCR, Mumbai, and Bengaluru are expected to witness sizeable bed additions in the next few years, Mythri said. In addition to setting up new greenfield and brownfield facilities to enhance their capacities, hospital chains are also

After CLSA, Goldman eyes 'affluent India' play and identifies key themes

Identifies key themes like leisure, jewellery, out-of-home food, healthcare and premium brands as growth areas

Mumbai-based Akumentis Healthcare launches drug for treatment of epilepsy

Akumentis Healthcare on Wednesday said it has introduced a drug for the treatment of epilepsy. The Mumbai-based company has launched Clasepi, a DCGI-approved prescription cannabidiol (CBD) specifically formulated to address seizures linked with Lennox-Gastaut Syndrome (LGS), Dravet Syndrome, or Tuberous Sclerosis Complex (TSC) in patients aged 1 year and older, it said in a statement. Clinical studies have demonstrated Clasepi's efficacy in reducing seizures, especially in cases where conventional anti-seizure medications have proven ineffective, it added. "We understand the immense physical and emotional toll that frequent seizures can have on patients and their families," Akumentis Executive Director Kanishk Jain said. This is the driving force behind our commitment to developing novel solutions that effectively relieves the complexities of these disorders, he added. According to the World Health Organisation (WHO), epilepsy constitutes a considerable portion of the global disea

Indore college prepares edible crockery from millets to replace plastic

The institute claims it will help people to choose alternatives to plastic and using edible crockery will also improve their health

Global cooperation declining after resilience through 2012-2020: WEF study

The barometer release follows a year that was the hottest on record and saw escalating levels of conflict worldwide, but that also brought progress on climate action, trade agreements and innovation

Health for humanity

As health anxieties rise, K Srinath Reddy's book explores linkages between health and biology, geography, economic means, and social stature, offering useful insights

Smit.fit and Droobi Health Merge to Establish DroobiSmit: Dominating Digital Diabetes Solutions in MENA/GCC and South Asia

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636 new Covid cases reported on Monday with 197 instances of JN.1 variant

The new cases of the Covid-19 sub-variant JN. 1 were detected across ten states and union territories

Select a global health plan covering planned and emergency hospitalisation

The cost of treatment, especially in countries like the US, is much higher than in India, which makes a large sum insured essential

Tenfold increase in reported cases of dengue over last generation: UN

The UN health agency said on Friday that reported cases of dengue globally increased tenfold over the last generation, with climate change and the growing spread of virus-carrying mosquitoes partly to blame for transmission that remains mostly prevalent in the Americas. The World Health Organisation said reported cases soared to a record 5.2 million in 2019, up from 500,000 in 2000, across 129 countries worldwide, figures that likely understate the actual toll. In January, WHO warned that dengue posed a pandemic threat and was the world's fastest spreading mosquito-borne disease. While there are vaccines and specially bred mosquitoes containing a bacteria called Wolbachia to fight dengue, there are no specific treatments for the virus once someone becomes infected. This year, more than 5 million cases and over 5,000 dengue-related deaths were reported, WHO said. Changing distribution patterns of the mosquitoes that spread dengue, together with higher rainfall, humidity and heat link

Cipla invests Rs 42 crore in GoApptiv to enhance healthcare access

Cipla's move aligns with its vision to strengthen investments in channels and technologies