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Blackstone, Manipal, Sheares, Max eye KIMS Health stake

The due diligence process is currently on after first-round bids, and binding bids for the chain are expected by next month, sources told ET. At present, domestic private equity investor True North holds 61.06% stake in KIMS Health, with the remaining 38.94% held by the promoters.

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We might need an annual booster shot: Global medical lead, GSK

Even as Covid-19 numbers continue to recede across the globe, experts still believe that different options will be needed to deal with the viral infection even if it heads towards becoming a seasonal disease.

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CCI approves Bharat Biotech International-Eastman Exports deal

The deal has been approved under the green channel route, wherein a transaction which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on it being intimated to the competition watchdog. In a release on the CCI's website, the fair trade regulator said it has approved the deal.

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Biocon Biologics appoints Shreehas Tambe as MD & CEO

Tambe has been with Biocon since 1997 and has held diverse leadership and operational roles. Over the past 25 years, he has helped build and shape Biocon’s biosimilars business and spearheaded the Group’s strategic capital investments, including its first overseas facility in Malaysia. He has also been instrumental in securing regulatory approvals and enabling the successful launch of several of the Company’s biosimilar assets in global markets such as the U.S. and EU.

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JB Pharma cuts price of its top-selling heart failure drug Azmarda by 50%

After the price reduction, Azmarda 50 mg will be available at Rs 39.6 per tablet as compared to Rs 78 per tablet. Azmarda is one of the top selling drugs of JB Pharma, with 17% market share.

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