Piramal Healthcare's net profit in the first quarter this fiscal has risen 45.5% to Rs.74 crore, compared to the Rs.51 crore notched up in the corresponding period last year.
 
The total income increased 16.4% to Rs.569.76 crore from Rs.489 crore earned in the year-ago period, the company ...

Cordyceps, a peculiar health weed native to Bhutan which is highly valued for its medicinal properties, fetches astronomical prices at the yearly auction. This year a man from Thimphu district got the highest price for his cordyceps - Rs.351,000 for a kg!
 
Cordyceps is a weed that is formed ...

Expenditure on healthcare in India will grow nearly 6% per annum to cross $14 billion in 2013, says a report released in New Delhi on Tuesday.
 
"The health infrastructure across Indian states is projected to grow by an average of 5.8% per annum between 2009 and 2013, taking the total ...

Catalyz Life Technologies, the Bangalore-based healthcare company, announced the launch of stem cell therapeutics in Kerala.
 
Set up at the Bangalore unit of the Trivandrum Technopark Incubation Centre, Catalyz aims to treat several incurable diseases advanced stem cells therapeutics in ...

Tupperware India, a leading direct selling company, plans to diversify into beauty and nutrition and ramp up its business presence and the manufacturing of existing range of products for kitchen and home.
 
Tupperware managing director Asha Gupta on Wednesday said that the firm would enter ...

The National Rural Health Mission (NRHM), whose aim is to provide quality healthcare to villagers, on Monday saw its budget allocation increased by Rs.2,057 crore. 


Describing the NRHM as an "essential instrument for achieving goal of health for all", Pranab Mukherjee in his ...

According to the Economic Survey presented today, even though the health sector in India has displayed a vast improvement, there is still a deficit of about 28000 health sectors. 
According to the survey, 34% of the existing health infrastructure is in rented buildings. The other major ...

Hyderabad-based Aurobindo Pharma announced that its US-based joint venture firm has got USFDA's approval for anti-bacterial veterinary drug. Cephazone Pharma, which is a joint venture entity of Aurobindo Pharma and US-based Medpharmex, has received the approval of USFDA for Ceftiofur Sodium ...

Mumbai-based drug company, Piramal Life Sciences Ltd (PLSL) has received the approval of Drug Controller General of India to carry out its clinical examinations on molecule 'P276' for cancer treatment. The company has been permitted to conduct two Phase I/II combination studies for its molecule ...

GE Healthcare on Friday (May 8) unveiled its two low-cost medical equipments, designed at its Bangalore facility. Speaking to media, GE India President and CEO Tejpreet S. Chopra said that healthcare arm of General Electric (GE) has planned to spend $2 billion to finance healthcare information ...

Hyderabad-based Natco Pharma Limited has signed a pact with Dr Reddy's Laboratories Limited for the development, manufacture and supply of a basket of value-added generic oncology drugs. Dr Reddy's and Natco would together develop these products for registration and commercialization across the ...

Two giant US companies- Intel and General Electric- announced on Thursday (2nd April) that they are teaming up to produce a line of medical devices, including one that would allow doctors to remotely monitor patients' health without needing them to visit the doctor's office. The companies said ...

Pharmaceutical firm Ranbaxy on Monday (30th March) said that, it has received US Food and Drug Administration's (US FDA) approval for Topiramate tablets, used in the treatment of epilepsy. The application for USFDA approval was submitted by Ranbaxy from Ohm Laboratories' manufacturing facility ...

On Saturday (21st March), the Apollo Hospitals Group announced its plans to establish a stem cell research institute in Gujarat. The Rs.60 crore (Rs. 600 million) project is expected to be completed by the year end. According to a statement issued in Gandhinagar, the healthcare company has tied up ...

The Ministry of Commerce and Industry has granted the status of a Special Economic Zone (SEZ) to Frontier Mediville, the first medicity project of India. The project is coming up on 400 acres at Elavur and Edoor villages, near Gummudipoondi, situated to the north of Chennai. It is said to involve ...

To provide 24x7 door to door medical emergency services, Gurgaon based Rapid Rescue Services has launched an emergency medical rescue service across New Delhi and Gurgaon region. This is the first company to launch such a service and can be availed anytime, anywhere in New Delhi and Gurgaon region. ...

In a major boost to the health care sector, HLL Lifecare has entered into a joint venture with Acumen Fund USA to set up 100 hospitals across India by 2013. These hospitals will provide high quality service at affordable rates. HLL Lifecare chairman and managing director M. Ayyappan said the joint ...

Hyderabad-based drug maker Aurobindo Pharmaceuticals has got an approval from the US Food and Drug Administration (USFDA) for Tenofovir Disoproxil Fumarate tablets, 300 mg. The drug major said in a filing with the Bombay Stock Exchange that it has received the temporary approval for Tenofovir ...

Emergent BioSolutions Inc. announced today (12th February) that, the Drugs Controller General of India (DCGI) has issued a registration certificate for marketing and sale of BioThrax (Anthrax Vaccine Adsorbed) in India.
 
Emergent BioSolutions has signed a marketing agreement with ...

Fortis Healthcare on Thursday (29th January) said that, it has picked a controlling stake in Mauritian hospital 'Clinique Darne'. This is Fortis’s first overseas acquisition. The overseas acquisition is a joint venture of Fortis with industrial group CIEL.
 
Novelife Ltd, a subsidiary ...

Four Indian pharma majors, Orchid Pharmaceuticals, Glenmark Pharmaceuticals, Lupin Ltd and Aurobindo Pharmaceuticals have all received U.S. Food and Drug Administration approval for their abbreviated new drug applications (ANDAs) for marketing and distribution of Levetiracetam tablets of 250 mg, ...

The board of Fortis Healthcare, one of the largest and fastest growing healthcare chains in India, has approved the plan to raise funds via rights issue. In the meeting of its Board of Directors, held on December 24, 2008, the approval was given for issuing equity shares with warrants on right ...

Indian drug maker Piramal Healthcare Ltd said on Tuesday (23rd December) that, it has signed a deal to buy U.S.-based inhalation anesthetics maker Minrad International Inc for about $40 million (Rs 188 crore) in cash and debt.
 
Under the terms, Minrad shareholders will get 12 percents a ...

Plethico Pharmaceuticals is likely to acquire 20 percent stake in a subsidiary of Hong Kong-based Tricon Holdings. Plethico will buy the stakes of the commonwealth of Independent States (CIS) retail pharmacy chain for $20 million. The deal which is expected be accomplished by next month will enable ...

India's leading health care firm, Zydus Cadila has acquired an Italian company Etna Biotech. Zydus Cadila has revealed nothing about the details of the deal. The Dutch biopaharma company, Crucell N.V is the owner of Etna Biotech. The Italy-based company is engaged in the research and development of ...

The Food and Drug Administration (FDA) of USA has given approval to Dr Reddy's to sell its Nabumetone. The official website of the FDA says that, drug name NABUMETONE of Generic Drug group with application no. (ANDA) 078420 is given approval on the date September 24, 2008. Evidently, the FDA is one ...

The Apollo Hospitals group in collaboration with the subsidiary of US drug major Merck & Co, MSD Pharmaceuticals is going to create 200 sugar clinics in India in order to counter the problem of diabetes. Under this project Apollo has agreed to provide the clinical infrastructure, whereas the ...

The US Food and Drug Administration (USFDA) has shown green signal to Aurobindo Pharma Ltd, drug manufacturing company of India, to manufacture and market HIV (Human Immunodeficiency Virus) tablets. Report says that Aurobindo Pharma Ltd got the USFDA approval to market and manufacture Abacavir ...

Located near the famed Kovalam beach in Kerala, an Ayurveda Village costing Rs.60 million will come up in November 1st. The new hospitality entity is coming up inside the Poovar Island Resort. Also, it will have 16 cottages. According to M.R. Narayanan, MD of Poovar Island Resort, the highlight of ...

Lupin, a drug maker based in Mumbai, has bought away more than 30 per cent stake in Australia's Generic Health Pty Ltd, a major generics drug supplier in the country. The amount invested for the acquisition, however, has not been divulged.
 
The Generic Health Pty Ltd, which has got its ...