HLL Lifecare to expand pharmacy network to 600 outlets, add 4,500 jobs

HLL Lifecare Ltd intends to broaden its pharmacy network to 600 outlets nationwide over the coming year, creating around 4,500 job opportunities in healthcare. With around 340 existing stores, HLL champions affordable healthcare solutions while ensuring vital services reach all citizens. Notably, this expansion will roll out just in time for World Pharmacists Day on September 25.

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Goldman Sachs picks up stake in Lord’s Mark Industries Limited

Lord’s Mark Industries Limited has garnered impressive interest from investors following the sale of approximately 1 crore shares by its promoter. This strategic move was intended to meet SEBI’s Minimum Public Shareholding norms, boosting the company’s visibility in the market. Prominent investors like Goldman Sachs Investments Mauritius I and AT Trade Overseas took part in this endeavor.

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Zydus Lifesciences expects decent growth for five years as innovation matures: Sharvil Patel

Zydus Lifesciences is transitioning from a traditional pharmaceutical company to a more patient-driven organization. The company plans to focus on specialty medicines and biotechnology innovation. It aims to achieve double-digit revenue growth and improved profitability over the next five years. Zydus intends to enhance its oncology franchise and explore partnerships for novel biologics. The expected contributions from discovery-led products will materialize from 2030 onwards, strengthening its market position.

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Zydus gearing up for next phase of growth, eyeing new areas: Sharvil Patel, MD

"From 2030 and beyond, we will see strong earnings from pure discovery-led business, which is our central business, our oncology business and Saroglitazar and maybe something more as well. In the next four to five years we will definitely see meaningful value being created from these."

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How India’s smaller hospitals are becoming the next big digital health market

Smaller hospitals in India are becoming the new digital health market. As the Ayushman Bharat Digital Mission expands, the demand for digital solutions had increased. Healthcare tech companies are focusing on providing solutions tailored to smaller providers. Despite challenges in implementation, the integration into existing workflows could improve patient experiences significantly.

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Pfizer India speaks up after Karnataka FDA crackdown, says patient safety is top priority

Pfizer India has stated that patient safety and product quality are their top priorities following FDA actions. The Karnataka FDA canceled 16 drug licenses and suspended eight others due to counterfeit drugs. A raid uncovered an illegal operation repacking low-cost medicines as branded drugs, particularly Pfizer products. Pfizer has removed affected batches from the market and is cooperating with authorities in the investigation.

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Ozempic maker Novo Nordisk sets sights on hair-loss market

The condition is part of a list of areas, including addiction and menopause, where Novo sees potential overlap with either its core scientific expertise or the skills it's recently built in selling prescription drugs directly to consumers.

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