Leading drugmaker, Nicholas Piramal India has announced that its subsidiary Wellspring is partnering with Dr. L H Hiranandani Hospital. This partnership entails the complete outsourcing of the radiology department at Dr. L H Hiranandani Hospital to Wellspring.
Venture capitalists pumped a record USD 9.1 billion into privately-held US biotechnology and medical device companies last year, in hopes of making discoveries they can sell to larger drugmakers.
Fortis Healthcare is exploring possibilities of a joint venture with Emaar MGF for setting up of hospitals.
Fortis HealthWorld Ltd, the pharmacy chain of Ranbaxy Laboratories Ltd, is launching India
The fund, it is said, will be invested in sectors such as medical devices, life sciences, wireless technologies, automotive infotronics and energy conservation.
Spectrum Health announced recently its strategic relationship with Cerner and Microsoft Corp. in developing the Cerner Care Console(TM) solution, a consumer-centric technology that empowers patients to take an active role in their care.
The recently introduced Clinical Establishments (Registration and Regulation) Bill, 2007 has drawn concerns from the healthcare industry. The Bill aims for a national footprint by providing for the registration and regulation of clinical establishments in the country with a view to prescribe minimum standards of facilities and services which may be provided by them.
German industrial giant, the Bosch Group, has acquired US telehealth specialist and innovator Health Hero Network Inc., which focuses on remote health monitoring.
FMCG major Godrej Industries has announced that it has signed an agreement to transfer its medical diagnostics division to ICICI Venture-backed RFCL for an undisclosed amount.
Offshore outsourcing company and IT giant Mastek is raising $40 million in order to acquire companies with intellectual property rights in the insurance and healthcare space.
The Indian sales and marketing arm of GE Healthcare, the world
Even as a lack of clarity in regulations is preventing Indian medical device manufacturers from making their presence felt in the USD 2 billion domestic medical equipment market, foreign players, mostly from the United States, are increasingly finding the country a preferred destination.
The firms plan on using advanced technologies to find cheaper ways to discover blockages in the heart, tumours
