Latest News: Piyush Goyal meets pharma industry leaders to discuss R&D, competitiveness boostSenores Pharma to Buy Two Teva ANDAsLab-grown rabies antibodies show promise as cheaper, safer alternativeLilly launches Mounjaro KwikPen in IndiaGujarat FDCA receives Rs. 32 crore from state govt to expand Surat drug testing labGovt to decriminalise 1,000 minor offences, overhaul IP regimeMax Healthcare Sets 9,500-Bed Goal by 2028Africa Looks to India to Build Affordable HealthcareFortis Noida Installs O-Arm 3D Imaging for Safer SurgerySupreme Court Dismisses IMA Plea Against Patanjali AdsIndia Launches SHRESTH Index to Strengthen State Drug Regulatory Systems52.4% of Herbal Products did not conform to the standards of the US Pharmacopeia, samples exceeded microbiological limits: ICMR-NIN StudyGang making fake health supplements busted in Muzaffarnagar, two arrestedGovt Temporarily Eases BIS Rules for Medical Device PartsBiocon Bets Big on Insulin, Eyes GLP-1 Drugs for Future GrowthDelhi Police busts major fake medicine racket; 6 arrested including kingpinIndian Pharma Market grows by 7.9% in July; antibiotic Augmentin rebounds to top spotHimachal: Two Female Nurses Caught Drinking Alcohol Inside Government Hospital Late at NightLincoln Pharma Q1 Results: Net Profit Rises 17%Paracetamol Drug not Banned in India, says Anupriya PatelParacetamol Not Banned in India, Says Union Minister Amid RumoursLupin Ramps Up Strategy to Counter U.S. Tariff Threat, Posts 52% Profit SurgeWHO Advises Against Antibiotics for COVID-19 Without Bacterial InfectionFortis Q1 Profit Jumps 57%; Expansion Drives GrowthFake life-saving drugs under labels of top brands: Pan-India racket busted, 6 arrestedKarnataka Defends Closure of Jan Aushadhi Kendras in Govt HospitalsPharma tariffs may go as high as 250%, says TrumpHaryana Resumes Ayushman Bharat Payments, Delays Withdrawal by 650 Private HospitalsSupreme Court Seeks Task Force Reply on Medical Safety Amid Doctors’ ProtestsSoaked in Divine Aura, SSIMantra gets more Power to cater to UnderservedGates Foundation Pledges $2.5 Billion to Transform Women’s Health GloballyPortea Medical Expands Cancer Care Services Across IndiaCentre Asks States to Cap C-Section Delivery Charges Under Ayushman BharatHC Stays Vaccine Scientist’s Conviction, Cites ‘National Interest’Wings Pharmaceuticals Cuts HR Time 40% with Cloud HRMHealth Ministry Seeks New SOPs for Plasma Fractionation CentresHaridwar Private Hospital Sealed After Two Women Die; Cases LodgedImports of Essential Bulk Drugs Drop 12% in June on Rising Domestic API OutputYou Can Get Lung Cancer in Delhi Without Smoking, Warns New StudyLilly Opens Hyderabad Digital Innovation Center to Boost Research84% of Hyderabad IT Professionals Suffer from Fatty Liver Disease: Nadda Raises AlarmManipal Hospitals to Acquire Sahyadri for ₹6,400 Cr in Major Healthcare DealCentre Cuts Prices Of 35 Essential MedicinesMankind Pharma Q1 FY26 Net Profit Falls 17% to ₹378 Cr; Declares ₹5 DividendCDSCO Launches 1-Year NOC System for Non-Medicinal Drug ImportsIndia Marks 15th Organ Donation Day as NOTTO Honours Leaders in Transplant AdvocacyIndia Issues 79.71 Crore ABHA IDs, Links 65.09 Crore Health RecordsMotilal Oswal Flags 9–11% Pharma Growth in India by FY 26; Recommends Five StocksIndia’s Dengue Vaccine Trial Reaches 70%KTR hits out at Revanth Reddy for deceiving farmers on Pharma City developmentThree held for illegal sale of painkillers in VelloreOver 26,000 bottles of cough syrup seized, 1 arrestedTrump pressures 17 pharma CEOs to cut US drug pricesNifty settles below 24,600 level; broader mkt underperforms; pharma shares tumbleKarnataka issues order to merge Ayush drug dept with State FDAOrchid Pharma buyback rights to novel antibiotic; stock up 5%Natco Pharma shares dip over 2% after Rs 2,000-crore stake buy in South Africa’s Adcock Ingram10, 000 Km is just a Number for Intercontinental Tele Surgery by SSIMantraDGFT Extends Deadline on Application for Export of Pharma Grade SugarBihar Healthcare is poised to be embraced by Robotic Surgery MantraAurobindo, Cipla, Viatris to make, market long-acting injectable HIV drugPharma stocks hover near flatline even as Trump hints at new tariffs by July-endGovt revises prices of 71 medicines, including those for diabetes and infections: Check new ratesSun Pharma reaches settlement with Incyte Corporation, launches Leqselvi in U.S.Aurobindo Pharma to manufacture, supply long acting HIV treatment drugFamous Vaidyaratnam Ayurveda Clinic in Delhi is now more Accessible to PatientsEnrolment in third phase clinical trials for India’s first dengue vaccine nearly complete, says ICMRIn Gurgaon, illegal hospital busted, quack arrested in raidCustoms delivers 25 containers of seized drugs to NAFDACLicense Of Four Pharma Firms Cancelled For Illegal Drug Trade In Jammu & KashmirPharmexcil flags export disruption risk due to COPP mandate; seeks urgent reviewMaharashtra rolls back order allowing homeopaths to practise allopathy, forms review panelIndia’s Glenmark Pharma unit, AbbVie sign exclusive licensing pactVery Arty Surgery for Weight Loss by SSI Mantra, World’s FirstPills & Profits: Can India’s pharma sector handle Trump’s planned 200% tariff dose?Novartis wins approval for first malaria drug for newborns and babiesNectar to sell API, formulations & menthol biz to Ceph Lifesciences for Rs 1,290 crFlush these 17 expired medicines now. India’s top drug regulatory body issues stern warningSun Pharma confirms the stocks of ‘Levipil 500’ seized by Telangana DCA in raids is spuriousHC-ordered expert panel for weight loss drug may be set up by mid-JulyBiocon Biologics Gets UK Nod for Vevzuo, EvfraxyIndian Medical Association opposes decision to allow homeopaths to prescribe modern medicines post pharma course‘AACI Came, AACI Saw, AACI Conquered’ Indian Accreditation Domain in HealthcareTraditional medicine crucial to achieving global goals of Universal Health CoverageLupin launches Ipratropium Bromide nasal spray in USSurgical Robot MantraM, First ‘Badge of Vishwaguru’ is on Triumphal March‘Clear case of disparagement’: Delhi HC directs Patanjali to remove lines against Dabur chyawanprash in its print, TV adsAP Gets First Notified Body for Medical Device Manufacturing Facilities InspectionCBI searches premises of PCI president Montu Kumar Patel, say reportsSTF busts ₹1.20 cr cancer-drug smuggling racket in Lucknow, three heldLive worm in biscuit: Consumer court directs Rs 1.5 lakh compensation to be paid to the woman by Britannia, chemist shopCipla in talks to add new customers for its China factory, executive saysNo link between COVID-19 vaccines & sudden deaths: ICMR-AIIMS StudyDelhi High Court asks DGCI to decide on plea against licensing of weight-loss drugsMicroplastics found in brain, ovaries, and placenta: Experts warn of silent threat to vital organsSix held for exchanging bribes to give favourable report to medical collegesTelangana pharma factory blast: Death toll reaches 44, rain hampers rescue operationsAlembic Pharma surges over 12% on USFDA approval for Cancer drugSome fake dentists learned from online video, says academicPharma Firms To Face Periodic Inspection As HC Flags Effluent Risks

Medicare News

Latest News: Piyush Goyal meets pharma industry leaders to discuss R&D, competitiveness boostSenores Pharma to Buy Two Teva ANDAsLab-grown rabies antibodies show promise as cheaper, safer alternativeLilly launches Mounjaro KwikPen in IndiaGujarat FDCA receives Rs. 32 crore from state govt to expand Surat drug testing labGovt to decriminalise 1,000 minor offences, overhaul IP regimeMax Healthcare Sets 9,500-Bed Goal by 2028Africa Looks to India to Build Affordable HealthcareFortis Noida Installs O-Arm 3D Imaging for Safer SurgerySupreme Court Dismisses IMA Plea Against Patanjali AdsIndia Launches SHRESTH Index to Strengthen State Drug Regulatory Systems52.4% of Herbal Products did not conform to the standards of the US Pharmacopeia, samples exceeded microbiological limits: ICMR-NIN StudyGang making fake health supplements busted in Muzaffarnagar, two arrestedGovt Temporarily Eases BIS Rules for Medical Device PartsBiocon Bets Big on Insulin, Eyes GLP-1 Drugs for Future GrowthDelhi Police busts major fake medicine racket; 6 arrested including kingpinIndian Pharma Market grows by 7.9% in July; antibiotic Augmentin rebounds to top spotHimachal: Two Female Nurses Caught Drinking Alcohol Inside Government Hospital Late at NightLincoln Pharma Q1 Results: Net Profit Rises 17%Paracetamol Drug not Banned in India, says Anupriya PatelParacetamol Not Banned in India, Says Union Minister Amid RumoursLupin Ramps Up Strategy to Counter U.S. Tariff Threat, Posts 52% Profit SurgeWHO Advises Against Antibiotics for COVID-19 Without Bacterial InfectionFortis Q1 Profit Jumps 57%; Expansion Drives GrowthFake life-saving drugs under labels of top brands: Pan-India racket busted, 6 arrestedKarnataka Defends Closure of Jan Aushadhi Kendras in Govt HospitalsPharma tariffs may go as high as 250%, says TrumpHaryana Resumes Ayushman Bharat Payments, Delays Withdrawal by 650 Private HospitalsSupreme Court Seeks Task Force Reply on Medical Safety Amid Doctors’ ProtestsSoaked in Divine Aura, SSIMantra gets more Power to cater to UnderservedGates Foundation Pledges $2.5 Billion to Transform Women’s Health GloballyPortea Medical Expands Cancer Care Services Across IndiaCentre Asks States to Cap C-Section Delivery Charges Under Ayushman BharatHC Stays Vaccine Scientist’s Conviction, Cites ‘National Interest’Wings Pharmaceuticals Cuts HR Time 40% with Cloud HRMHealth Ministry Seeks New SOPs for Plasma Fractionation CentresHaridwar Private Hospital Sealed After Two Women Die; Cases LodgedImports of Essential Bulk Drugs Drop 12% in June on Rising Domestic API OutputYou Can Get Lung Cancer in Delhi Without Smoking, Warns New StudyLilly Opens Hyderabad Digital Innovation Center to Boost Research84% of Hyderabad IT Professionals Suffer from Fatty Liver Disease: Nadda Raises AlarmManipal Hospitals to Acquire Sahyadri for ₹6,400 Cr in Major Healthcare DealCentre Cuts Prices Of 35 Essential MedicinesMankind Pharma Q1 FY26 Net Profit Falls 17% to ₹378 Cr; Declares ₹5 DividendCDSCO Launches 1-Year NOC System for Non-Medicinal Drug ImportsIndia Marks 15th Organ Donation Day as NOTTO Honours Leaders in Transplant AdvocacyIndia Issues 79.71 Crore ABHA IDs, Links 65.09 Crore Health RecordsMotilal Oswal Flags 9–11% Pharma Growth in India by FY 26; Recommends Five StocksIndia’s Dengue Vaccine Trial Reaches 70%KTR hits out at Revanth Reddy for deceiving farmers on Pharma City developmentThree held for illegal sale of painkillers in VelloreOver 26,000 bottles of cough syrup seized, 1 arrestedTrump pressures 17 pharma CEOs to cut US drug pricesNifty settles below 24,600 level; broader mkt underperforms; pharma shares tumbleKarnataka issues order to merge Ayush drug dept with State FDAOrchid Pharma buyback rights to novel antibiotic; stock up 5%Natco Pharma shares dip over 2% after Rs 2,000-crore stake buy in South Africa’s Adcock Ingram10, 000 Km is just a Number for Intercontinental Tele Surgery by SSIMantraDGFT Extends Deadline on Application for Export of Pharma Grade SugarBihar Healthcare is poised to be embraced by Robotic Surgery MantraAurobindo, Cipla, Viatris to make, market long-acting injectable HIV drugPharma stocks hover near flatline even as Trump hints at new tariffs by July-endGovt revises prices of 71 medicines, including those for diabetes and infections: Check new ratesSun Pharma reaches settlement with Incyte Corporation, launches Leqselvi in U.S.Aurobindo Pharma to manufacture, supply long acting HIV treatment drugFamous Vaidyaratnam Ayurveda Clinic in Delhi is now more Accessible to PatientsEnrolment in third phase clinical trials for India’s first dengue vaccine nearly complete, says ICMRIn Gurgaon, illegal hospital busted, quack arrested in raidCustoms delivers 25 containers of seized drugs to NAFDACLicense Of Four Pharma Firms Cancelled For Illegal Drug Trade In Jammu & KashmirPharmexcil flags export disruption risk due to COPP mandate; seeks urgent reviewMaharashtra rolls back order allowing homeopaths to practise allopathy, forms review panelIndia’s Glenmark Pharma unit, AbbVie sign exclusive licensing pactVery Arty Surgery for Weight Loss by SSI Mantra, World’s FirstPills & Profits: Can India’s pharma sector handle Trump’s planned 200% tariff dose?Novartis wins approval for first malaria drug for newborns and babiesNectar to sell API, formulations & menthol biz to Ceph Lifesciences for Rs 1,290 crFlush these 17 expired medicines now. India’s top drug regulatory body issues stern warningSun Pharma confirms the stocks of ‘Levipil 500’ seized by Telangana DCA in raids is spuriousHC-ordered expert panel for weight loss drug may be set up by mid-JulyBiocon Biologics Gets UK Nod for Vevzuo, EvfraxyIndian Medical Association opposes decision to allow homeopaths to prescribe modern medicines post pharma course‘AACI Came, AACI Saw, AACI Conquered’ Indian Accreditation Domain in HealthcareTraditional medicine crucial to achieving global goals of Universal Health CoverageLupin launches Ipratropium Bromide nasal spray in USSurgical Robot MantraM, First ‘Badge of Vishwaguru’ is on Triumphal March‘Clear case of disparagement’: Delhi HC directs Patanjali to remove lines against Dabur chyawanprash in its print, TV adsAP Gets First Notified Body for Medical Device Manufacturing Facilities InspectionCBI searches premises of PCI president Montu Kumar Patel, say reportsSTF busts ₹1.20 cr cancer-drug smuggling racket in Lucknow, three heldLive worm in biscuit: Consumer court directs Rs 1.5 lakh compensation to be paid to the woman by Britannia, chemist shopCipla in talks to add new customers for its China factory, executive saysNo link between COVID-19 vaccines & sudden deaths: ICMR-AIIMS StudyDelhi High Court asks DGCI to decide on plea against licensing of weight-loss drugsMicroplastics found in brain, ovaries, and placenta: Experts warn of silent threat to vital organsSix held for exchanging bribes to give favourable report to medical collegesTelangana pharma factory blast: Death toll reaches 44, rain hampers rescue operationsAlembic Pharma surges over 12% on USFDA approval for Cancer drugSome fake dentists learned from online video, says academicPharma Firms To Face Periodic Inspection As HC Flags Effluent Risks

Manipal further sweetens offer for Fortis Healthcare

Hospitals
May 15, 2018

NEW DELHI: The Manipal-TPG combine today revised the offer for Fortis Healthcare by committing to invest in the cash-strapped firm at Rs 180 per share, thus increasing the valuation to Rs 9,403 crore.

In a regulatory filing, Fortis Healthcare Ltd (FHL) said it has received revised offer from Manipal and TPG with a proposal to invest in the company, while making public a letter sent by Manipal Health Enterprises Pvt Ltd (MHEPL) to the Fortis board.

Having lost out to the Munjal-Burmans combine last week, Manipal-TPG which was the first to make a offer to Fortis Healthcare Ltd, said that for purposes of the merger, a value of Rs 9,403 crore shall be attributed to FHL under its revised offer.

On the other hand, a value of Rs 6,070 crore shall be attributed to MHEPL as had been originally determined by the independent valuers of for the purpose of the transaction, it said in the letter.

“The preferential allotment shall be undertaken at a price of Rs 180 per share. For purposes of the merger, a value of Rs 9,403 crore shall be attributed to FHL and a value of Rs 6,070 crore shall be attributed to MHEPL as had been originally determined by the independent valuers of for the purpose of the transaction.

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