Shares of Shalby Ltd snapped a three-day losing run and rose over 4 percent on September 20 after the company informed the exchanges that Shalby Group received the official license to operate a bone bank at Krishna Shalby Hospital, Ahmedabad, effective from September 19.
The license was issued under the Transplantation of Human Organs Act by the State Authorization Committee, Medical Education and Research, Governement of Gujarat.
At 1.22 PM, shares of Shalby traded 3 percent higher at Rs 282. On a year-to-date basis, the stock has fallen by 6 percent, underperforming the Nifty 50 which gained over 18 percent during the same period.
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Shalby said that the new bone bank facility will serve as a crucial resource for surgeons nationwide, enabling access to a wide range of surgical options, including complex reconstructive, orthopedic, and dental procedures. With the immediate availability of bone allografts in multiple forms—such as bone pieces, chips, and powder—the facility is expected to significantly improve surgical planning and execution, reducing the delays typically associated with sourcing grafts.
Dental surgeons, in particular, stand to benefit from the use of bone powder, which has demonstrated impressive recovery rates in dental implant surgeries. For patients, the introduction of this facility promises a host of advantages, including shorter hospital stays, reduced surgery costs, and faster access to necessary grafts.
The bone bank at Krishna Shalby Hospital has met all necessary quality standards and is ready to supply surgeons and medical professionals across India.
Shalby Hospitals, founded in 1994 by Dr. Vikram Shah as a joint replacement center in Ahmedabad, now operates a chain of 10 multispecialty hospitals across Ahmedabad, Surat, Indore, Vapi, Jabalpur, Jaipur, and Mohali.
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