Latest News: Chhattisgarh Pharmacy Council Issued Certificates For Hundreds Of Fake Pharmacists Without VerificationGujarat FDCA Approved 133 New Drug Manufacturing Units In FY24DCGI Informs SLAs Antibiotic Combo Meropenem 1 Mg & EDTA For Injection Has No ApprovalDCA Raids Two Illegal Pharmacies; Seizes Stocks Of Over 60 Types Of DrugsRamdev, Balkrishna Acharya Ready For ‘Public Apology’; Supreme Court Next Hearing On April 23Organovo’s Drug Significantly Reduces Liver Fat In NASH StudySignificant Decline In Pharma Deals In Q1Rise In AMR Is Leaving Doctors With Fewer Options In DrugsCDSCO Releases Draft Guidance To Align New Drugs And Clinical Trials Rules And SUGAM For Stakeholder’s CommentsGlenmark recalls 6,528 bottles of BP drug in USPharma Exports To US Surges 15% In 11 Months Of FY24CAHO Naa Patients Se Pyaar Hai‘Ram Kit’, Available At Many Drugstores In AgraUttarakhand SLA, Ayush Ministry Stalled Action Against Patanjali: RTI ActivistCDSCO Releases Draft GDP Guidelines For Pharmaceutical Products45% Doctors In India Are Writing Incomplete Prescriptions: ICMR Survey Report70% Of 36 Popular Protein Supplements Sold In India Mislabeled, 14% Contain Toxins, Says New StudyNotices Sent To Patanjali, But Not Under Key 1954 LawGeneric Drug Makers Must Close ‘Knowledge Gap’ To Overcome Doctors’ Brand Loyalty: GlobalDataPrabhu Mishra, Ace Stem Cell Scientist, is Biotechnology Entrepreneur of Year 2024Banned 15,600 Cough Syrup Bottles Worth About Rs 1.5 Cr Seized, 7 HeldGauhati HC Halts Assam Govt’s Pharmacy RegulationsDTAB Recommends To Take Opinion From Ministry Of Ayush For Amendment Of Drugs Rules, 1945Delhi HC Seeks Response From Govt, NPPA On Glenmark’s Plea73rd Edition Of IPC To Be Held In Hyderabad From July 5 To 7Relief For Pharma Companies As API Prices See A Sharp FallCrackdown On Substandard Ayurvedic MedicinesPharma Market Registers A Growth Of 9.5% In March 2024MV140 Vaccine Helped People Remain UTI-Free For YearsOverpriced ‘CYLET-2.5 Tablets’ For Cancer Treatment SeizedDTAB Recommends Various Amendments In Medical Devices Rules, 2017DTAB Recommends Ban On Pain Relief Combination S(+) Etodolac+ParacetamolDrugs Manufactured With A Forged License, FIR Lodged, Drugs Worth 23.93 Lakhs SeizedExport Of Ayush And Herbal Products Registers 1.65% Growth In First 10 MonthsMaha FDA Begins Probe On Ambiguous Stickering & Mislabelling On Glenmark’s Hypertension Drug TelmaCBI Arrested Three Officials From Panvel ADC Office Of CDSCO In Bribery CaseGuwahati NCB Seizes Over 23 Kg Of Tramadol, 2200 Nitrazepam Tablets, Arrests 3 IndividualsBandages Causing Cancer? Study Finds High Levels Of Toxic ‘Forever Chemicals’ In Big BrandsAmeera Shah, Prima Donna of Pathology, makes it to Powerful Healthcare Club NATHEALTHHolograms, Blockchain Tech Can Curb Counterfeit Drugs, Says Mankind Pharma CEO Sheetal AroraIn A First, Kerala Drugs Control Dept Files Complaint Against Divya Pharmacy In Kozhikode CourtHealthcare Honcho Club catches up with Vikshit Bharat BandwagonPLI Scheme Fuels Domestic Manufacturing Of Penicillin G, Clavulanic AcidDCC Again Asks All States To Provide Data On Vaccine Manufacturing & Sales For WHO BenchmarkingBharat Biotech, Bilthoven Biologicals Collaborate For Oral Polio VaccinesGujarat Pharma Majors Maintain Growth MomentumJan Vishwas Act Amendment On Drugs & Cosmetics Act To Be In Force From December12,750 Phensedyl Bottles Seized In Karimganj, One ArrestedDCA Officials Continue Raids On Quacks, Illegal Medical Shop, Overpriced Medicines And Misleading AdvtsPharma Companies View Gene Therapy As Viable OptionMP: Scam In The Purchase Of Health Equipments, Case Registered Against CMHO And OthersSpurious drugs: Maiden Pharma blacklisted, all contracts cancelledDCC Calls For Strict Implementation Of Revised Schedule M, State-Level Activities To Address AMRSanofi, Cipla Join Hands To Expand Reach Of CNS Portfolio In IndiaCyberabad Police Seize 1 Kg Alprazolam, Arrest ThreeLee Health develops natural capsule for effective Heart careMedical Shop Run By Twenty20 In Kizhakkambalam Asked To Shut DownTN DC Write To Drug Controllers Of Other States To Prevent Painkiller SmugglingIllegal Ayurvedic Medicines Unit Raided In Vasai By FDA, Medicines Seized30 Adulterated Drugs Sold As ‘Ayurveda’ Meds In Noida, Banned‘Golden Hour’ Rush, Gripping Tales of Narayana Health docu series InsidERTripura, BSF Seize 70,000 Yaba Tablets Worth Rs 3 Crore In Sepahijala District9 Fake Drug Rackets Busted In Delhi In Past YearPharma Exports Register 22% Growth In FebruaryFour Sample Of Piecan Pharma Fail In Quality TestsSeven Firms That Failed Drug Quality Test Gave Money To Political Parties Through Electoral BondsSolan: 58 Pharmaceutical Units Having Dual Licences Face ActionUP To Be Major Hub Of Pharma Products: CM YogiSold Fake Cancer Medicine Worth Rs 25 Crore, 4 More ArrestedMorbi: 10 Thousand Intoxicating Cough Syrup Bottles Seized7% People In India Are Suffering Kidney Damage By Consuming Painkillers: AIIMS ReportRs 72-Lakh Cancer Medicine For Rs 3 Lakh, Patent EndsQueer Tale of Transplant in Sir Ganga Ram, Recipient- to- be turns DonorBrain Dead Youth’s Organs proved Manna from ‘Aakash’ saving 5 livesDoP Revises SCOD And Bank Guarantee Clauses Of PLI SchemesBihar: Department Awakened After Raid By Delhi Crime BranchMaharashtra Woman Dies Of Rabies 3 Days After Completing Vaccine Course9,700 Bottles Of Cough Syrup Seized From Assam-Tripura Border5 Co’s Propose To Invest Rs 176cr At Medical Devices Park UjjainFake cancer drug racket: How pharmacists & frauds ran the racket from 2 west Delhi flatsDCA Seized Medicines Worth Rs 33.68 Lakhs During Raids In Kodad Of Suryapet DistrictWockhardt Announces Success Of Antibiotic To Treat Drug-Resistant InfectionGovt Mulls Norms For QR Code On Cosmetics, Apparel Brands To Curb CounterfeitsDTAB Recommends Affixing Bar Code On All Vaccine ProductsSteroid-Induced Glaucoma: The Silent Thief Of VisionTripura Police Seize 55,000 Yaba Tablets Valued At Rs 5 Crore, 3 HeldDTAB Recommends Formation Of A Sub-Committee On Classification Of OTC DrugsTelangana DCA Seizes Medical Devices Worth Rs. 6.5 Lakhs In Tarnaka From A Unlicensed PremisesCMD Of Novo Health Care Held For Cheating Dubai-Based Man Of Rs 70 CroreFragile Bone & Cervical Cancer disempowering Indian Women, Gynecologists red flagGovt May Bring Surgical Gloves Under Quality Control OrderHMD Develops Dispojekt To Help Reduce Needle Stick InjuriesFirst Cancer TIL Therapy Gets FDA Approval For Advanced MelanomaNo Impact On Immune System Of Man Who Received Over 200 COVID-19 Vaccinations: Lancet StudyDelhi HC Directs Union Health Ministry To Frame Policy On Online Sale Of Drugs Within 4 MonthsCovaxin Not As Effective As Serum Institutes Of India’s CovishieldTwo Women Arrested With Banned Medicines, Carrying To NepalNPPA Fixes Ceiling Price Of 31 Scheduled Formulations Under Revised Schedule IBengal STF Nabs 5 People In Two Separate Incidents, Seizes Phensedyl Worth About Rs 2.5 CrThree Drugs Purported To Be Manufactured By ‘Meg Lifesciences’ Are Spurious: DCA Telangana
Fri. Apr 19th, 2024
Latest News: Chhattisgarh Pharmacy Council Issued Certificates For Hundreds Of Fake Pharmacists Without VerificationGujarat FDCA Approved 133 New Drug Manufacturing Units In FY24DCGI Informs SLAs Antibiotic Combo Meropenem 1 Mg & EDTA For Injection Has No ApprovalDCA Raids Two Illegal Pharmacies; Seizes Stocks Of Over 60 Types Of DrugsRamdev, Balkrishna Acharya Ready For ‘Public Apology’; Supreme Court Next Hearing On April 23Organovo’s Drug Significantly Reduces Liver Fat In NASH StudySignificant Decline In Pharma Deals In Q1Rise In AMR Is Leaving Doctors With Fewer Options In DrugsCDSCO Releases Draft Guidance To Align New Drugs And Clinical Trials Rules And SUGAM For Stakeholder’s CommentsGlenmark recalls 6,528 bottles of BP drug in USPharma Exports To US Surges 15% In 11 Months Of FY24CAHO Naa Patients Se Pyaar Hai‘Ram Kit’, Available At Many Drugstores In AgraUttarakhand SLA, Ayush Ministry Stalled Action Against Patanjali: RTI ActivistCDSCO Releases Draft GDP Guidelines For Pharmaceutical Products45% Doctors In India Are Writing Incomplete Prescriptions: ICMR Survey Report70% Of 36 Popular Protein Supplements Sold In India Mislabeled, 14% Contain Toxins, Says New StudyNotices Sent To Patanjali, But Not Under Key 1954 LawGeneric Drug Makers Must Close ‘Knowledge Gap’ To Overcome Doctors’ Brand Loyalty: GlobalDataPrabhu Mishra, Ace Stem Cell Scientist, is Biotechnology Entrepreneur of Year 2024Banned 15,600 Cough Syrup Bottles Worth About Rs 1.5 Cr Seized, 7 HeldGauhati HC Halts Assam Govt’s Pharmacy RegulationsDTAB Recommends To Take Opinion From Ministry Of Ayush For Amendment Of Drugs Rules, 1945Delhi HC Seeks Response From Govt, NPPA On Glenmark’s Plea73rd Edition Of IPC To Be Held In Hyderabad From July 5 To 7Relief For Pharma Companies As API Prices See A Sharp FallCrackdown On Substandard Ayurvedic MedicinesPharma Market Registers A Growth Of 9.5% In March 2024MV140 Vaccine Helped People Remain UTI-Free For YearsOverpriced ‘CYLET-2.5 Tablets’ For Cancer Treatment SeizedDTAB Recommends Various Amendments In Medical Devices Rules, 2017DTAB Recommends Ban On Pain Relief Combination S(+) Etodolac+ParacetamolDrugs Manufactured With A Forged License, FIR Lodged, Drugs Worth 23.93 Lakhs SeizedExport Of Ayush And Herbal Products Registers 1.65% Growth In First 10 MonthsMaha FDA Begins Probe On Ambiguous Stickering & Mislabelling On Glenmark’s Hypertension Drug TelmaCBI Arrested Three Officials From Panvel ADC Office Of CDSCO In Bribery CaseGuwahati NCB Seizes Over 23 Kg Of Tramadol, 2200 Nitrazepam Tablets, Arrests 3 IndividualsBandages Causing Cancer? Study Finds High Levels Of Toxic ‘Forever Chemicals’ In Big BrandsAmeera Shah, Prima Donna of Pathology, makes it to Powerful Healthcare Club NATHEALTHHolograms, Blockchain Tech Can Curb Counterfeit Drugs, Says Mankind Pharma CEO Sheetal AroraIn A First, Kerala Drugs Control Dept Files Complaint Against Divya Pharmacy In Kozhikode CourtHealthcare Honcho Club catches up with Vikshit Bharat BandwagonPLI Scheme Fuels Domestic Manufacturing Of Penicillin G, Clavulanic AcidDCC Again Asks All States To Provide Data On Vaccine Manufacturing & Sales For WHO BenchmarkingBharat Biotech, Bilthoven Biologicals Collaborate For Oral Polio VaccinesGujarat Pharma Majors Maintain Growth MomentumJan Vishwas Act Amendment On Drugs & Cosmetics Act To Be In Force From December12,750 Phensedyl Bottles Seized In Karimganj, One ArrestedDCA Officials Continue Raids On Quacks, Illegal Medical Shop, Overpriced Medicines And Misleading AdvtsPharma Companies View Gene Therapy As Viable OptionMP: Scam In The Purchase Of Health Equipments, Case Registered Against CMHO And OthersSpurious drugs: Maiden Pharma blacklisted, all contracts cancelledDCC Calls For Strict Implementation Of Revised Schedule M, State-Level Activities To Address AMRSanofi, Cipla Join Hands To Expand Reach Of CNS Portfolio In IndiaCyberabad Police Seize 1 Kg Alprazolam, Arrest ThreeLee Health develops natural capsule for effective Heart careMedical Shop Run By Twenty20 In Kizhakkambalam Asked To Shut DownTN DC Write To Drug Controllers Of Other States To Prevent Painkiller SmugglingIllegal Ayurvedic Medicines Unit Raided In Vasai By FDA, Medicines Seized30 Adulterated Drugs Sold As ‘Ayurveda’ Meds In Noida, Banned‘Golden Hour’ Rush, Gripping Tales of Narayana Health docu series InsidERTripura, BSF Seize 70,000 Yaba Tablets Worth Rs 3 Crore In Sepahijala District9 Fake Drug Rackets Busted In Delhi In Past YearPharma Exports Register 22% Growth In FebruaryFour Sample Of Piecan Pharma Fail In Quality TestsSeven Firms That Failed Drug Quality Test Gave Money To Political Parties Through Electoral BondsSolan: 58 Pharmaceutical Units Having Dual Licences Face ActionUP To Be Major Hub Of Pharma Products: CM YogiSold Fake Cancer Medicine Worth Rs 25 Crore, 4 More ArrestedMorbi: 10 Thousand Intoxicating Cough Syrup Bottles Seized7% People In India Are Suffering Kidney Damage By Consuming Painkillers: AIIMS ReportRs 72-Lakh Cancer Medicine For Rs 3 Lakh, Patent EndsQueer Tale of Transplant in Sir Ganga Ram, Recipient- to- be turns DonorBrain Dead Youth’s Organs proved Manna from ‘Aakash’ saving 5 livesDoP Revises SCOD And Bank Guarantee Clauses Of PLI SchemesBihar: Department Awakened After Raid By Delhi Crime BranchMaharashtra Woman Dies Of Rabies 3 Days After Completing Vaccine Course9,700 Bottles Of Cough Syrup Seized From Assam-Tripura Border5 Co’s Propose To Invest Rs 176cr At Medical Devices Park UjjainFake cancer drug racket: How pharmacists & frauds ran the racket from 2 west Delhi flatsDCA Seized Medicines Worth Rs 33.68 Lakhs During Raids In Kodad Of Suryapet DistrictWockhardt Announces Success Of Antibiotic To Treat Drug-Resistant InfectionGovt Mulls Norms For QR Code On Cosmetics, Apparel Brands To Curb CounterfeitsDTAB Recommends Affixing Bar Code On All Vaccine ProductsSteroid-Induced Glaucoma: The Silent Thief Of VisionTripura Police Seize 55,000 Yaba Tablets Valued At Rs 5 Crore, 3 HeldDTAB Recommends Formation Of A Sub-Committee On Classification Of OTC DrugsTelangana DCA Seizes Medical Devices Worth Rs. 6.5 Lakhs In Tarnaka From A Unlicensed PremisesCMD Of Novo Health Care Held For Cheating Dubai-Based Man Of Rs 70 CroreFragile Bone & Cervical Cancer disempowering Indian Women, Gynecologists red flagGovt May Bring Surgical Gloves Under Quality Control OrderHMD Develops Dispojekt To Help Reduce Needle Stick InjuriesFirst Cancer TIL Therapy Gets FDA Approval For Advanced MelanomaNo Impact On Immune System Of Man Who Received Over 200 COVID-19 Vaccinations: Lancet StudyDelhi HC Directs Union Health Ministry To Frame Policy On Online Sale Of Drugs Within 4 MonthsCovaxin Not As Effective As Serum Institutes Of India’s CovishieldTwo Women Arrested With Banned Medicines, Carrying To NepalNPPA Fixes Ceiling Price Of 31 Scheduled Formulations Under Revised Schedule IBengal STF Nabs 5 People In Two Separate Incidents, Seizes Phensedyl Worth About Rs 2.5 CrThree Drugs Purported To Be Manufactured By ‘Meg Lifesciences’ Are Spurious: DCA Telangana
Fri. Apr 19th, 2024

Manipal further sweetens offer for Fortis Healthcare

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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