-
Tariffs pose a near-term risk. However, Zydus’s focus on novel drugs and the foray into medical devices are key moves to watch
-
The Indian medical devices opportunity is large and growing – roughly $11.25 billion of domestic demand and $3 billion of global demand that can be serviced from India
-
In 2018, British private equity firm Apax Partners acquired Healthium Medtech from investors including TPG Growth and CX Partners
-
The company, a leading global medical technology, pharmaceutical diagnostics, and digital solutions provider, said as a part of the investment, its 'Made in India' PET CT Discovery IQ scanner will be exported to 15 countries.
-
The company will use the funds to build a Rs 300-crore integrated manufacturing facility for neurovascular devices at Mysore.
-
The issue came up for discussion during the 14th Trade Policy Forum (TPF) meeting here. It was co-chaired by US Trade Representative Katherine Tai and Commerce and Industry Minister Piyush Goyal here.
-
The partnership makes use of the NVIDIA Holoscan and NVIDIA IGX Orin platforms, which have ultra-low latency in data transport, improved image processing, and scalability to support a variety of AI-enabled applications
-
The Indian medical device industry is at an inflection point and the current policy could trigger the next phase of its growth
-
The court said the decision to include all medical devices as “drugs” was a policy matter and no case for interference was made out as there was no arbitrariness or unreasonableness.
-
Through a notification issued on June 19 this year, the government decided to allow the import of "high-end and high-value” used medical equipment other than critical care medical equipment, AiMeD stated.
-
Omron will make devices including blood pressure monitors and will invest nearly 1.3 billion Indian rupees (about $15.7 million) to set up the plant, the sources said, declining to be identified ahead of an official announcement later on Tuesday.
-
The goal of the policy is to help India emerge as a leader in manufacturing and innovation of medical devices by achieving 10-12 percent share in the global market over the next 25 years, from 1.5 percent now
-
Narendra Modi also said the cabinet decision approving establishment of 157 new nursing colleges is great news for India's aspiring nursing professionals.
-
Last year, the government had floated an approach paper on the draft national medical devices policy 2022 for consultation.
-
Demand help for MSMEs in the sector, higher import duty, increase in healthcare expenditure and restructuring of GST rates to encourage the domestic industry against imports which grew 41 per cent last year.
-
The commission should study the aspect of centralising medical device licensing with the central regulator so as to make the approval process easy
-
Efforts have been on since 2016 to review and update the Drugs and Cosmetics Rules of 1945 as part of an initiative to repeal or amend archaic laws.
-
Dhanani, the founder of Bengaluru based technology innovation company, feels India's potential of technological growth in healthcare sector completely untapped.
-
According to Ind-Ra, the PLI scheme for medical devices is a step in the right direction but its impact is likely to be limited as investment envisaged is moderate
-
Competition Commission of India (CCI) has demanded answers from Max Healthcare, Fortis Healthcare and Apollo Hospitals on how they fix prices of medicines and medical devices. Action could rein in soaring drug prices in India.
-
For Zoho, this is the latest in the series of investments it has made in the healthcare sector. The other companies Zoho has invested include vTitan, and SignalChip. Over the years has made a total investment of Rs 250 crore in critical R&D projects.
-
The emergency supplies include 20,000 courses of remdesivir (125,000 vials) to help treat critically ill patients, nearly 1,500 oxygen cylinders, which can be repeatedly refilled at local supply centres, and one million rapid diagnostic tests to quickly identify COVID-19 cases.
-
Volunteers across India are finding ways to amplify and address queries for updated information, oxygen cylinders, medicines and transport.
-
The PLI scheme for medical devices attracted 28 applications from 23 medical device manufacturers.
-
The government on February 11 announced that all medical devices will now be considered as drugs, bringing them under the purview of regulation by the Central Drugs and Standard Control Organization (CDSCO) from April 1.
