Healthcare products major Hindustan Latex Limited (HLL) declared on Thursday, August 21 that it is going to set up a MediPark near Chennai where it will manufacture diagnostic devices. HLL, which is overseen by the health ministry, said it is doing so to boost the medical devices market worth Rs 25 ...

Key healthcare equipment manufacturer Opto Ciruits Limited of India, which bought a majority stake in the US-based Criticare Systems this year, is now looking for further acquisitions. Opto’s MD, Mr Vinod Ramnani, has stated that the company is currently negotiating with a medical devices ...

The United Nations Children's Fund (UNICEF) has placed an order of Rs 143 Crore before Panacea Biotec, a biotechnology firm of India, for supplying vaccine 'EasyFive' that fights five infectious diseases of early childhood. In a filing to the Bombay Stock Exchange, Panacea Biotec mentioned that it ...

Big pharmaceutical company Cadila Healthcare has informed that it has entered into an agreement with the World Health Organization (WHO) where in both the organizations in joint collaboration will develop drug for the treatment of rabies. However, the news did not seem to have any positive impact ...

Aurobindo Pharma has declared that it has got the final permit from the US Food and Drug Administration (US FDA) to manufacture and market its Cefazolin injection. The Cefazolin injection is employed in the treatment as well as prevention of bacterial infections.

In its filing to the Bombay ...

Japanese drug manufacturing company Daiichi Sankyo has said that its open offer to acquire 92.5 million share at Rupees 5 each might change. The announcement has been made by ICICI Securities which is managing the open offer.  This has come in aftermath of Ranbaxy’s takeover by ...

The makers of medicine ‘bapineuzumab’ for Alzheimer disease suffered a loss in Wyeth’s stock market and their shares were closed down nearly 12 percent, at $39.74. Similarly, shares in Elan, an Irish company, were down nearly 42 in New York trading, ending at ...

Within a fortnight after the acquisition of Spain's Laboratorios Combix, Cadila Healthcare has bought Simayla Pharmaceuticals of South Africa. Cadila Healthcare thorough its unit Zydus Healthcare effected the deal. Now it has 70% stake in the company. Cadila is hopeful that deal will bring more ...