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Strides Pharma Science gets USFDA nod for generic antidepressant tablets

Strides Pharma Science Ltd on Monday said its arm has received approval from the US health regulator for its generic version of antidepressant Fluoxetine tablets. The approval granted by the US Food & Drug Administration (USFDA) to wholly owned subsidiary Strides Pharma Global Pte. Ltd, Singapore, is for Fluoxetine tablets of strength 60 mg, Strides Pharma Science said in a regulatory filing. The product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Fluoxetine tablets, 60 mg, of TWi Pharmaceuticals, Inc, it added. The Fluoxetine tablets will be manufactured at the company's facility in Puducherry, Strides said. With the approval of the Fluoxetine Tabs 60 mg strength, the company is now positioned to offer a complete portfolio of Fluoxetine across capsules and tablets in 10 mg, 20 mg, and 60 mg strengths, it added. The addition of the Fluoxetine tablets 60 mg will allow for enhanced flexibility in dosing, catering to a broader spectrum of ...

The Economic Times

Hospital stocks’ growth outlook positive: HSBC

HSBC has given a 'buy' rating to Krishna Institute of Medical Sciences and Apollo Hospitals, while assigning a 'reduce' rating to Global Health and Narayana Hrudayalaya. The brokerage sees a positive growth outlook for the hospital sector due to rising demand for quality healthcare, with several hospitals planning significant bed additions in the coming years.

Hindustan Times

Zoetis strengthens India presence with major Hyderabad facility expansion

Zoetis, a global leader in animal health, has announced the expansion of its Global Capability Center in Hyderabad, India.

The Economic Times

US animal health major Zoetis expands GCC in Hyderabad

Zoetis, the world's largest producer of pet and livestock medicine, is expanding its global capability centre in Hyderabad. The centre will add around 300 technology jobs by next year and support the company's global operations using advanced technology tools. This expansion aims to leverage Hyderabad's tech talent pool and life-science ecosystem.

The Economic Times

Migsun group to develop studio apartments for Rs 90 crore near Medanta hospital in Lucknow

Realty developer Migsun Group is set to invest Rs 90 crore in a studio apartment project near Medanta hospital in Lucknow. Part of the Migsun Lucknow Central mixed-use project, each unit will be priced around Rs 60 lakh. The development, spanning over 5 acres, aims to become an iconic retail destination and is expected to commence delivery before Diwali.

The Economic Times

Unveiling an era of promise and possibilities: Abu Dhabi’s blueprint for propelling AI-led innovations in healthcare

In conversation with Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center, Department of Health (DoH), who shares critical insights into the Abu Dhabi Global Health Week key agendas, including advancing neurodegenerative disease patient care, public-private partnerships to develop a robust and resilient healthcare sector worldwide, nurturing Gen AI-based healthtech startups in Abu Dhabi, and fostering innovations in biotech and life sciences.

The Economic Times

Mpox outbreak: WHO declares public health emergency of global concern

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Business Standard

Medanta Q1 results: PAT rises by 4% to Rs 106 cr, revenue at Rs 861 cr

Global Health, which operates hospitals under the Medanta brand, on Friday said its consolidated profit after tax increased 4 per cent year on year to Rs 106 crore for the first quarter ended June 30, 2024. The company had reported a profit after tax (PAT) of Rs 102 crore in the April-June quarter. Revenue from operations rose to Rs 861 crore in the June quarter as compared to Rs 779 crore in the year-ago period, Global Health said in a regulatory filing. Medanta Chairman & Managing Director Naresh Trehan said that on July 22, 2024, the company has received confirmation from the Mumbai Housing and Area Development Authority (MHADA) regarding a successful bid for a land parcel measuring 8,859.24 square meter at Mauje-Oshiwara, Jogeshwari, Mumbai. "This pivotal step marks Medanta's entry into the dynamic Mumbai market, where we plan to establish a 500-plus-bedded super-speciality hospital," he added. The facility will provide medical services and advanced treatment options to the ..

The Economic Times

MHADA auctions plots totalling 4.75 acres in Mumbai for Rs. 192.26 crores

MHADA's auction in Mumbai generated Rs 192.3 crores. Medanta Hospital secured the Oshiwara plot for Rs 125 crores. Pragat Shikshan Sanstha won the Malad's Malvani plot for Rs 11 crores. Navchetana Trust acquired a women's polytechnic parcel for Rs 18.05 crores. Radhikabai Meghe Women's Education Institute purchased an educational plot for Rs 26 crores.

Business Standard

Tata Steel launches virtual repository to track carbon dioxide savings

Private steel major Tata Steel recently launched a carbon bank, a virtual repository through which carbon dioxide will become a value-creating asset for future usage, a company statement said here on Wednesday. CO2 is widely recognized as a harmful substance emitted due to the use of various fossil fuels in industry and transportation. The steel industry, in particular, often relies on coal and other fossil fuels in its production line, resulting in the release of large quantities of CO2. The carbon bank is aimed at measuring and managing carbon dioxide savings generated from various sustainability projects. These savings not only contribute to environmental goals but also hold the potential for generating revenue that can be reinvested into further decarbonization efforts, it said. Rajiv Mangal, Vice President (Safety, Health & Sustainability), Tata Steel, said "In the face of mounting global concerns about sustainability, Tata Steel has taken proactive steps to spearhead carbon .

Business Standard

IGI roof collapse: Police file FIR, begin probe to fix responsibility

The Delhi Police Friday filed an FIR under sections related to death by negligence after the collapse of the roof of Delhi airport's Terminal-1 killed one person and injured six others. Officials said the Delhi Police has started the probe and will fix responsibility. The city witnessed heavy rains from around 3 am. At the airport's busy Terminal 1, the rain destruction took a tragic turn. Around 5 am, the massive canopy covering the departure area gave way, trapping several people. Besides the roof sheet, support beams collapsed, pinning down parked cars. A taxi driver, identified as Ramesh Kumar, was rescued from a car on which an iron beam had fallen but was declared dead when he was taken to the Medanta Hospital facility near the terminal. The injured were admitted to the hospital. The police has registered a case under section 337 (causing hurt by act endangering life or personal safety of others) and 304A (causing death by negligence) on the complaint of a sub-inspector post

The Economic Times

WHO warns alarming levels of physical inactivity among Indians, says women more physically inactive than men

A study in The Lancet Global Health highlights that nearly 50% of Indian adults are physically inactive, posing severe health risks. The study shows a significant rise in inactivity from 2000 to 2022, with women being more affected than men. City doctors attribute this to sedentary office work and poor diets. The lack of physical activity increases the risk of cardiovascular diseases, cancers, and psychological issues. Experts stress the need for regular exercise and healthier lifestyles to address this growing concern.

The Economic Times

Fortis, Apollo, Medanta, and Max lead the charge in bidding war for Jaypee Healthcare

Fortis Healthcare, Apollo Hospitals, Medanta, and Max Healthcare are among companies interested in acquiring Jaypee Healthcare, a subsidiary of Jaypee Infratech in Noida with a total debt of about Rs 1,000 crore.

The Economic Times

Nikhil Kamath to launch new segment on his podcast with Bill Gates as its first guest

India’s popular podcast "WTF is with Nikhil Kamath" announced a new segment, "People By WTF," featuring Microsoft co-founder Bill Gates as its first guest. Gates' episode, set to stream on June 14, 2024, will cover his technology experience, global health insights, and philanthropic efforts through the Bill & Melinda Gates Foundation. Gates and host Nikhil Kamath share a philanthropic bond, with Kamath committing 50% of his wealth to 'The Giving Pledge.'