Indian Railways Explores Tie-Up with Online Pharmacies for Medicine Home Delivery December 31, 2024 Indian Railways is considering partnering with online pharmacies to enable medicine delivery from its hospitals. RailTel plans tenders for 2025, leveraging its HMIS platform for implementation.
E-Pharmacies Expected to Cut Operating Losses Below 10% in FY2025: CRISIL December 27, 2024 India’s e-pharmacy sector is set to cut operating losses to under 10% in FY2025, driven by high-margin segments and cost efficiencies, says CRISIL Ratings. Additional equity funding of ₹2,300 crore is needed over two years.
Akums Signs INR 1,760 Cr CDMO Agreement with Leading Global Pharma Company December 27, 2024 Akums Drugs signs a INR 1,760 Cr agreement to manufacture and supply oral liquid formulations to the European market, marking a significant step in its global expansion.
Indian Pharma Industry Eyes AI-Led Innovation, $130 Bn Market by 2030 December 27, 2024 Indian pharmaceutical industry targets $130 billion by 2030, driven by AI, innovation, and global expansion. Experts highlight growth in med-tech, diagnostics, and advanced therapies.
Senores Pharmaceuticals IPO Sees Strong Subscription on Final Day December 24, 2024 Senores Pharmaceuticals' IPO, which closes today, sees high demand from investors, with a 13.93 times subscription. The company plans to use the funds for strategic investments and growth.
Cipla Launches AI-Powered Mobile App for Asthma Screening December 19, 2024 Cipla unveils CipAir, an AI-powered mobile application integrated with the Breathefree platform, enabling first-line asthma screening. Clinically validated and accessible via Android, the app uses advanced acoustic analysis to provide personalised results, aiming to empower users with timely health insights and resources.
Mankind Pharma Launches INR 3,000 Cr QIP to Fund Bharat Serums Acquisition December 18, 2024 Mankind Pharma has launched an INR 3,000 Cr QIP to finance part of its INR 13,630 Cr acquisition of Bharat Serums and Vaccines. The floor price is set at INR 2,616.55 per share.
India's 1st Diabetes Biobank Unveiled at Chennai December 16, 2024 The Indian Council of Medical Research (ICMR) inaugurates India’s first diabetes biobank in Chennai, aiming to support cutting-edge research and develop effective strategies to combat diabetes.
Lifesciences Giant Amgen Appoints Naveen Gullapalli as MD for Hyd Tech & Innovation Hub December 13, 2024 Naveen joins Amgen from Novartis, where he was instrumental in establishing and expanding the company’s Global Centre in Hyderabad, along with five other centers globally.
East Ocyon Bio Secures $4.2 Mn Seed Funding to Advance Cell & Gene Therapies December 13, 2024 East Ocyon Bio has secured $4.2 million in seed funding to support the development of cell and gene therapies for cancer, including CAR-NK and CAR-gamma delta T cell treatments
Kerala to Roll Out Electronic-Reporting Solution for Laboratory Tests by 2025: Health Minister Veena George December 13, 2024 Kerala's Health Minister, Veena George, announces an innovative electronic reporting system for lab tests, aiming to streamline diagnostics and improve healthcare transparency by 2025. The initiative will enable patients to receive test reports digitally, including primary test results in quantifiable formats.
Eight Roads Ventures & F-Prime Capital to Invest INR 120 Cr in Laurus Bio December 9, 2024 Eight Roads Ventures and F-Prime Capital, along with Laurus Labs, are set to invest INR 160 Cr in Laurus Bio to expand fermentation-based biomanufacturing capabilities. Laurus Labs retains a 75% stake.