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Zydus Lifesciences acquires UK-based LiqMeds Group for Rs 690 crore
Zydus will pay an upfront consideration of GBP 68 million and yearly earn-outs until 2026 depending on achievement of certain agreed milestones towards acquisition of the LiqMeds Group of companies. The transaction will be EPS accretive for Zydus from the first year of acquisition.
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IKS Health acquires healthtech provider AQuity in a deal worth $200 million
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ICMR findings soon on Covid-heart attack link
The Indian Council of Medical Research (ICMR) is on the verge of unveiling the outcomes of a comprehensive study aimed at understanding the unexpected surge in cardiac events following Covid-19 infections. The premier medical institute in India has taken a significant step by submitting the study results for peer review, with plans to make the findings...
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A meeting to be attended by representatives from the Indian Society for Clinical Research, Organisation of Pharmaceutical Producers of India (OPPI), Indian Pharmaceutical Alliance will be held on November 14. India's drug regulator has received several representations raising concerns on the processing of global clinical trial applications.
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Strides Pharma sells its Singapore manufacturing site for $15 million
This sale will also help Strides to reduce annual costs by Rs 75 crore, of which Rs 18 crore will be reduction in operating expenses and Rs 57 crore in depreciation and operating lease expenses. Strides said the Transaction would be EPS (earnings per share) accretive with no impact on revenues.
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Screen time in childhood may cause heart attack: Study
A new study reveals that excessive screen time during childhood can lead to heart damage in early adulthood. The research, conducted by the University of Eastern Finland, found that sedentary children are at an increased risk of heart attacks and strokes later in life, regardless of weight and blood pressure. The study highlights the importance of...
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How much should I cut before bulking? Novice needing advice
I know this question may have been asked several times but I'm still confused. First off I'm a 34 year old man, 6'4 around 220 pounds with around 25-30% body fat. I have the "skinny fat" body type.
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Affinity Petcare to invest 20% revenues on marketing
Affinity Petcare has entered the India market in partnership with pet foods and products maker Scientific Remedies. The company has first launched Affinity Advance, the flagship brand of Affinity Petcare in India, a market that is forecasted to touch $1,932.6 million by 2030.
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Torrent talks for $7 billion Cipla buyout trip on valuation
Torrent Pharma's attempt to acquire the stake of the Hamied family in Cipla has hit a roadblock due to differences in valuation. Talks between the two parties have been suspended, but may resume if they can agree on a valuation. Other potential buyers have also been deterred by the rising valuations of Cipla shares. Torrent Pharma had been working...
Torrent Pharma calls the reports of Cipla acquisition as speculative
"As a policy we don't want to comment on speculative news," said Sudhir Mehta, chairman emeritus of Torrent Pharma, referring to reports about the race to acquire Cipla at the company's earnings call. Mehta said the company's capital allocation will be largely geared towards India.
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Lupin gets USFDA nod to market generic antifungal tablets
The approval granted by the US Food and Drug Administration (USFDA) for the abbreviated new drug application of Fluconazole tablets in strengths of 50 mg, 100 mg, 150 mg and 200 mg, Lupin said in a regulatory filing.
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Viatris president Rajiv Malik to retire in April next year
Malik was instrumental in the $12 billion merger of Mylan with Pfizer's generic drug unit that resulted in the creation of Viatris in 2019. The combined entity's sales are more than that of Israel's Teva, which was previously the largest generic drug company in the world.
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Pregnancy and weight gain: How it affects the heart
A study published in The Lancet journal found that pregnant women who acquire more weight than is advised have a higher chance of dying later in life from diabetes or heart disease.
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Novo Nordisk gets approval to carry out clinical trials on weekly insulin
Novo Nordisk has received approval from the Drug Controller General of India to conduct phase-III studies for its new weekly insulin injection, IcoSema, in India. IcoSema is a combination of insulin and Semaglutide and is meant to control blood sugar levels in people with type-two diabetes. The proposed weekly insulin shot could be a game changer as...
AIIMS adds 63 drugs to free medicine list
"Sixty-three medicines have been added to the existing list," Dr M Srinivas said. Palbociclib, Dasatinib, Methotrexate, Trimazet, Magesterol Acetate and Leucovorin are among the medicines added to the list. Besides, injection regular insulin, injection NPH Insulin and injection Insulin Premix 30/70 will also be available free of cost.
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Apax, TPG among PE funds in talks to buy Inventia health
Global and domestic private equity funds, including Apax Partners, TPG Capital, TA Associates, and Kedaara Capital, are in talks to acquire Mumbai-based pharmaceutical company Inventia Healthcare for ₹2,600 crore ($300 million). The promoters and existing private equity investors are expected to exit their investments.
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High-risk medical gear makers get more time for licence compliance
The Drugs Controller General of India (DCGI) has announced that manufacturers and importers of high-risk medical devices who have applied for a license before September 30 can continue to supply them in the market for another six months. New regulations state that medical devices in the 'class C' and 'class D' categories cannot be sold without a license....
Life after Covid turns rocky for reshaped health-care businesses like Pfizer to Moderna
The waning of the COVID-19 pandemic is reshaping the healthcare industry once again. Vaccine makers and pharmacy chains are seeing a decline in the number of people getting COVID shots, while makers of at-home rapid tests are going out of business. Companies that produced personal protective equipment have also shut down. The shift in demand is evident...
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Men can also have breast cancer: Doctors
Three cases of male breast cancer (MBC) were identified at Patna Medical College Hospital between 2020 and 2022, while 117 women were diagnosed with breast cancer at the hospital. Male breast cancer cases are typically detected at advanced ages, starting from 50 years and onward. Leading an active lifestyle and maintaining a healthy weight could help...
Venus Remedies gets marketing approval for six chemotherapy drugs from Philippines
Venus Remedies has already submitted dossiers to the Health Ministry of the Philippines for additional 45 marketing authorisations, and most of these pending approvals are for oncology products, it said. Pertinently, the market size of cancer drugs in the Philippines was valued at USD 252 million in 2020 and is expected to grow at a compound annual...
Zydus Lifesciences appoints Punit Patel as President & CEO, Americas
Before joining Zydus, he was the President of Red Oak Sourcing, leading the company's "multibillion-dollar generic portfolio", overseeing all aspects of Red Oak's business. Patel, who has more than 20 years of experience in the generics and branded pharmaceutical marketplace, has also worked at Novartis Vaccines & Diagnostics and CVS Caremark,...
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About 52 per cent cases of cervical cancer diagnosed from 2012-15 survived: Lancet Study
A study analyzing data from Population Based Cancer Registries (PBCRs) in India found that approximately 52% of cervical cancer cases diagnosed between 2012 and 2015 survived. Ahmedabad's urban PBCR had the highest survival rate at 61.5%, while Tripura had the lowest at 31.6%.
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CDSCO approves India's first CAR-T cell therapy against certain blood cancers
Indian company ImmunoACT, backed by drug maker Laurus Labs, has received approval from the Central Drugs Standard Control Organization for its CAR-T cell therapy NexCAR19. The therapy is the first of its kind to be developed in India and will be used to treat certain types of blood cancers. ImmunoACT intends to make the drug available to partner hospitals...
Zydus unit recalls 7,248 bottles of Oxybutynin Chloride tablets in US
New Jersey-based Zydus Pharmaceuticals (USA) Inc. is recalling the affected lot due to "Failed Dissolution Specifications", the USFDA stated. The lot was produced at Ahmedabad and distributed in the US by Zydus Pharmaceuticals (USA) Inc, the US health regulator stated.
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Lupin gets USFDA nod for generic medication
Indian drug maker Lupin has received tentative approval from the US Food and Drug Administration (FDA) to market a generic medication used to reduce excessive daytime sleepiness. Lupin plans to produce the medication at its facility in Somerset, US.
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Medical device makers get six-month extension for imports
The Central Drugs Standard Control Organisation (CDSCO) had set the October 1 deadline for bringing ‘class C’ and ‘class D’ medical devices under regulation as part of quality control efforts. To obtain the licences several manufacturers had submitted applications, but the government failed to provide them on time.
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Better eye health could boost Indian economy by $27 billion : Research
30% of people with sight loss experience a reduction in employment, with women, people in rural communities and ethnic minority groups among the groups most affected. 90% of vision loss is avoidable with early detection and treatment.
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10 million deaths, $2 trillion: What strokes could cost us in 2050
Asia accounted for by far the greatest share of global stroke deaths in 2020 (61 per cent, around 4.1 million deaths) and this is forecast to rise to around 69 per cent by 2050
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Aster’s India unit draws suitors valuing business at $1.5 billion
Private equity firms BPEA EQT and Ontario Teachers' Pension Plan Board are considering acquiring Aster DM Healthcare Ltd.'s assets in India. The deal would allow the investors to tap into the growth potential of healthcare services in the country. Other potential bidders for Aster's India business include Blackstone and KKR.
from Healthcare/Biotech-Industry-Economic...
India allows cough syrup firm linked to Uzbek deaths to re-open factory
India's Uttar Pradesh state has allowed Marion Biotech's factory, linked to cough syrups causing child deaths, to resume most production. The World Health Organization (WHO) had linked Marion's syrups to the deaths of 141 children in Uzbekistan, Gambia, and Cameroon. The state drug controller stated that there were no known quality issues with other...
IIT Guwahati alumni-led startup develops portable device to spot chronic non-communicable diseases
Primary Healthtech Pvt. Ltd., an alumni-led start-up from the Indian Institute of Technology (IIT) Guwahati, has developed a point-of-care-testing (POCT) device called MobilabTM. The device can test 25 parameters in blood to diagnose early chronic diseases related to kidney, liver, heart, and pancreas malfunctions. Operated through an IoT-enabled Android...
Tata Capital invests in dialysis chain based in Mumbai
The funding is done through Tata Capital Healthcare Fund II (TCHF II), the healthcare focused private equity fund of Tata Capital. About 90% of the funding will be for growth and 10% will provide exit to certain angel investors. Founded by nephrologists Jatin Kothari and Viswanath Billa, AKC has raised funds from founders and angel investors.
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Defer termination of 26-week pregnancy: SC direction to AIIMS
The law officer said the termination of pregnancy was recommended despite the medical board saying that the foetus had a viable chance of being born and "they would have to conduct a foeticide".
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Nearly 10 million could die of stroke annually by 2050: Lancet report
The number of stroke deaths in LMICs is projected to rise sharply - widening the gap with HICs - by increasing from 5.7 million in 2020 to 8.8 million in 2050. In contrast, stroke deaths in HICs are estimated to remain largely unchanged at around 900,000 between 2020 and 2050. In 2050, 91% of stroke deaths are projected to be in LMICs compared to...
Cipla stake sale plan faces hurdle as promoters differ on valuation: Report
Cipla's potential stake sale faces a challenge due to disagreements among its promoters regarding the company's valuation. This dispute among the founders could potentially delay the deal until a consensus is reached on the valuation, according to sources cited by ET Now.
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Kotak Fund to invest ₹1,600 crore in Nimmagadda Prasad's API business
Kotak Strategic Situations Fund (KSSF) plans to invest around ₹1,600 crore in the active pharmaceutical ingredients (API) business acquired by Nimmagadda Prasad. The fund will support the acquisition through a $200 million funding, provided through a mix of structured debt and equity. Deutsche Bank and DBS have also reportedly financed the acquisition.
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Sun Pharma, Aurobindo recall drugs from US market
Sun Pharmaceutical Industries and Aurobindo Pharma are recalling products from the US market due to manufacturing issues. Sun Pharma's subsidiary is recalling 69,707 cartons of Cequa, used to treat dry eyes, for being "Subpotent." Aurobindo Pharma is recalling 9,890 bottles of Rasagiline Tablets, used for Parkinson's disease, due to "Failed dissolution...
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Odisha will soon become hub of cancer care in east India: Chief Minister Naveen Patnaik
Odisha is set to become a hub for cancer care in eastern India, according to Chief Minister Naveen Patnaik. The state has recently inaugurated new facilities at the Acharya Harihar Post Graduate Institute of Cancer in Cuttack, including two linear accelerators for radiotherapy and a 30-bed day-care unit. The government's focus is to develop infrastructure...
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Sun Pharma files new drug application with USFDA for investigational medicine to treat alopecia
The new drug application filing for deuruxolitinib with the USFDA is based on two pivotal Phase III trials, which included over 1,200 patients, across more than 135 clinical trial sites, the company said.
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US life sciences firm Cytiva opens new manufacturing site in Pune
US-based sciences company Cytiva has opened a new manufacturing facility and Experience Centre in Pune, India. The facility will double Cytiva's manufacturing capacity in India and offer training programmes to accelerate the development of novel therapeutics. The facility will produce bioprocessing equipment, while the Experience Centre will provide...
Five early signs of dementia to look for after 50, as per expert
Dementia is frequently mistaken for a memory issue, such as when an elderly person repeatedly asks the same questions or loses things. In reality, people with dementia may have changes in behaviour
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Insacog to meet as Covid cases rise in Europe
The network of laboratories in India set up to monitor genomic variations of the coronavirus will hold a meeting to review the situation and discuss the way forward as Covid-19 cases rise in several European countries. Although India has not seen a significant increase in cases, the need to remain vigilant and investigate further is still necessary.
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Many high-risk medical device manufacturers stop production
Earlier this year, the Central Drugs Standard Organisation (CDSCO) had set the October 1 deadline for bringing 'class C' and 'class D' medical devices under regulation to control quality. According to the new regulation, medical devices belonging to these categories, such as ventilators, imagining equipment, oxygen therapy equipment, nebulisers, x-ray...
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Strides Pharma Science gets USFDA nod for generic capsule to control triglyceride level
The product is bioequivalent and therapeutically equivalent to the reference listed drug Vascepa of Amarin. It will be manufactured at the company's facility in Bengaluru, it added. The Icosapent Ethyl capsules have a market size of around USD 1.3 billion, Strides said, citing IQVIA.
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Matrix Laboratories founder buys back API Biz from Viatris
Nimmagadda Prasad, the founder of Matrix Laboratories, has bought back the active pharmaceutical ingredients (API) business he sold to Mylan NV (now Viatris) in 2006. The acquisition was made through IQuest Enterprises, owned by Prasad. Viatris will retain some selective R&D capabilities in API while divesting its women's healthcare business to...
Malaria vaccine by Oxford & Serum Institute of India gets WHO recommendation
The University of Oxford and Serum Institute of India (SII) have developed a malaria vaccine, which has been recommended for use by the World Health Organization (WHO). The R21/Matrix-M vaccine can be produced at a large scale and low cost, making it accessible to countries with a high malaria burden.
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Nutrition refers to the foods and nutrients required by the body to stay healthy
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Possession of e-cigarettes violation of law: Health Ministry
The possession of e-cigarettes and similar devices is a violation of the Prohibition of Electronic Cigarette Act (PECA) 2019, according to the Union Health Ministry in India. While the law does not explicitly mention the prohibition of individual use of e-cigarettes, it prohibits their production, manufacture, import, export, transport, sale, distribution,...
Matrix Prasad's Iquest Enterprises buys Viatris India API business
Nimmagadda Prasad, known as 'Matrix Prasad,' is an accused in the corruption cases being probed against Andhra Pradesh Chief Minister Jagan Mohan Reddy by Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), related to the Vadarevu-Nizampatnam Port and Industrial Corridor (Vanpic) project.
from Healthcare/Biotech-Industry-Economic...
How AI is changing the pharmaceutical industry in India
Artificial intelligence (AI) can uncover new insights and enhance the effectiveness of product sales by analyzing vast amounts of healthcare data. However, the adoption of AI in medical sales and healthcare professionals in India still has room for improvement, with only a small fraction of companies advanced in AI implementation. AI can empower sales...
Question about daily meal smoothie (from a new guy)
Hello all! New to these parts, and I have a question. As part of my diet (losing weight atm, not building muscle), I've decided to try drinking a smoothie daily as a meal replacement. I messed around with a recipe I like to get one at about 500 calories, mostly consisting of almond milk, protein powder, chia seeds, a bit of honey, peanut butter powder,...
Pharma cos can supply generic Bedaquiline to other countries
Multinational pharmaceutical company Johnson & Johnson (J&J) has announced that it will not enforce secondary patents for its anti-TB drug Bedaquiline in low and middle income countries. This means that Indian pharmaceutical companies will be able to supply generic versions of the drug without the fear of litigation.
from Healthcare/Biotech-Industry-Economic...