Metropolis eyes SRL in spinoff deal
Mumbai: Bankers on behalf of Metropolis Healthcare, one of India’s largest pathology labs networks, have approached Fortis bidders to acquire SRL Diagnostics through a spinoff deal. Metropolis was exploring a…
Novartis appoints John Tsai as Head of Global Drug Development and CMO
Basel, April 19, 2018 – Novartis announced today the appointment of John Tsai, M.D. as Head of Global Drug Development (GDD) and Chief Medical Officer. Dr. Tsai will join Novartis…
Fortis Healthcare’s board forms expert panel to assess binding bids
NEW DELHI | MUMBAI: Fortis Healthcare’s board is setting up an expert advisory committee under the leadership of Deepak Kapoor, former India CEO of PwC, to assess the binding bids…
P&G to acquire 52% in Merck India for Rs 1,300cr
MUMBAI: Global consumer products major, The Procter & Gamble Company (P&G), will acquire a nearly 52% stake in drug firm Merck India for Rs 1,300 crore as part of a…
Fixing medical entrance tests for a price? FIR filed
NEW DELHI: A gang of criminals targeting students appearing for MS/MD/PG diploma courses through NEET-PG examinations is on the radar of Delhi Police after several candidates complained that they were…
KKR-backed hospital chain Radiant Lifecare submits its bid for Fortis Healthcare
Radiant Lifecare, the emerging Mumbai-based hospital chain that is backed by buyout firm KKR, has submitted its bid for Fortis Healthcare, the cash-strapped hospital network that is in the middle…
NITI Aayog backs cap on pharma trade margins
New Delhi: Trade margins charged by drug stockists and chemists must be capped, government think tank NITI Aayog recommended, a move that promises to bring down drug prices while trimming…
Over-the-counter sale of 14 steroid creams has been banned by the Health Ministry
The Indian health ministry made amendments to certain rules of the Drugs and Cosmetics Rules, 1945 and put 14 steroid-based creams and ointments under the Schedule H category. This step…
AIOCD urges health ministry not to penalise chemists for failing to report TB cases
The All India Organisation of Chemists and Druggists Association (AIOCD), a representative body of 8.5 lakh chemists in the country, has urged the Union health ministry not to penalise chemists…
Use of Blockchain Can help Government To Bust Fake Drugs In India
According to two government sources, Niti Aayog is attempting to put the whole stock of pharma on blockchain with a purpose to take action against fake and false medications. The…
