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Saturday, 25 January 2020

Finance News

  • Biocon exhibits 6.5% dip in net profit in Q3FY20

    Finance |  News | 0 Comment | 24 Jan, 2020

    Biocon Ltd, an innovation-led global biopharmaceuticals company, has announced its consolidated financial results for the fiscal third quarter ended December 31, 2019. FINANCIAL HIGHL...Read more

  • Piramal divests DRG business for $950 M

    Finance |  News | 0 Comment | 20 Jan, 2020

    Piramal Enterprises Limited has announced that PEL DRG Dutch HoldCo BV, a 100% subsidiary of PEL and the holding company for Decision Resources Group (DRG) engaged in healthcare i...Read more

  • Axio Biosolutions raises Rs 36 Cr in Series B-1 round

    Finance |  News | 0 Comment | 09 Jan, 2020

    Axio Biosolutions, the first Indian company to get USFDA clearance for a wound care product, has raised Rs 36 crores ($5.2 Mn) in Series B-1 round of funding led by Omidyar Network India, a...Read more

  • Slayback Pharma announces $50M investment by Everstone

    Finance |  News | 0 Comment | 08 Jan, 2020

    Slayback Pharma LLC has announced an agreement with The Everstone Group to invest up to $50 million in Series B funding. Everstone has a significant resource base across its seven...Read more

  • True North to invest Rs 536.25 Cr in Biocon Biologics

    Finance |  News | 0 Comment | 06 Jan, 2020

    Biocon Ltd, an innovation-led global biopharmaceuticals company, has announced that the Board of its subsidiary Biocon Biologics India Ltd (Biocon Biologics) has approved a primary equity i...Read more

  • DAHCL raises Rs 215 Cr for expansion

    Finance |  News | 0 Comment | 19 Dec, 2019

    Dr. Agarwal’s Healthcare Ltd. (DAHCL) has raised Rs. 215 crores of debt from CDC Group to expand the geographical footprint of the eye care chain across India, Africa and South Asia a...Read more

  • Merck inks $2.7B acquisition deal with ArQule

    Finance |  News | 0 Comment | 10 Dec, 2019

    Merck, known as MSD outside the United States and Canada, and US based ArQule, Inc. have announced that the companies have entered into a definitive agreement under which Merck, through a s...Read more

  • Zumutor Biologics raises $4M to enable pivotal milestones

    Finance |  News | 0 Comment | 02 Dec, 2019

    US headquartered biotech startup Zumutor Biologics with its R&D facility in Bengaluru, has raised $4 Million in series A2 funding taking its total raise to $20Million. Zumutor is an Im...Read more

  • Medikabazaar raises Rs 112 Cr in Series B funding

    Finance |  News | 0 Comment | 20 Nov, 2019

    Medikabazaar, India’s largest online B2B platform for medical supplies, recently secured Rs 112 crores during a Series B funding round, led by healthcare-centric VC firm, Health Quad ...Read more

  • Lincoln Pharma reports its net profit increased by 26%

    Finance |  News | 0 Comment | 15 Nov, 2019

    Lincoln Pharmaceuticals Limited, one of the leading healthcare companies reported net profit of Rs. 18.92 crore for the Q2 FY 2019-20 ended September 2019 as against net profit of Rs. 15 cr...Read more

  • Lupin sells Japanese subsidiary to Unison for Rs 3702 Cr

    Finance |  News | 0 Comment | 12 Nov, 2019

    Pharma major Lupin Limited has announced that it has entered into a definitive agreement for the sale of its entire stake in its Japanese subsidiary Kyowa Pharmaceutical Industry Co., Ltd. ...Read more

  • Piramal Enterprises raises capital of Rs 5,400 Cr

    Finance |  News | 0 Comment | 28 Oct, 2019

    Piramal Enterprises Limited has announced that its Board, at its meeting held recently, has approved fresh capital raise of ~Rs 5,400 Crores ($ 770 Million) through a Rights Issue and prefe...Read more

  • Syngene reports robust Q2 FY20 growth

    Finance |  News | 0 Comment | 23 Oct, 2019

    Syngene International Limited has announced its Q2 FY20 results. The Company posted quarterly revenue of Rs. 485 Cr, an increase of 11% from the corresponding quarter of FY19. Commenting o...Read more

  • Univercells receives EUR 20M financing to accelerate vaccine portfolio

    Finance |  News | 0 Comment | 04 Oct, 2019

    The European Investment Bank (EIB) and Univercells S.A have signed a EUR 20 million loan agreement to support the development of a portfolio of four essential and undersupplied vaccines to ...Read more

  • USV to invest Rs 4000 M in new formulation plant

    Finance |  News | 0 Comment | 25 Sep, 2019

    Continuing with its journey towards global competitiveness, consolidating on its leadership in the diabetes segment and also leveraging on the Government’s surprise corporate tax rate...Read more

  • Strides Board approves incremental investments in Stelis

    Finance |  News | 0 Comment | 23 Sep, 2019

    Bengaluru based Strides Pharma Science Limited has announced that the Board of Directors of the Company have approved an additional investment up to a maximum of ~$ 40 million over a period...Read more

  • ASG Hospitals secures investment worth Rs 308 Cr

    Finance |  News | 0 Comment | 19 Sep, 2019

    ASG Hospital Private Limited, founded in 2005 by Dr. Arun Singhvi and Dr. Shashank Gang, India’s fastest growing eye-healthcare services provider, which has treated over five mil...Read more

  • Strides acquires strategic stake in Fairmed Healthcare AG

    Finance |  News | 0 Comment | 13 Sep, 2019

    Bengaluru based Strides Pharma Science Limited (Strides) has announced that its step down subsidiary Strides Pharma Global Pte Ltd (SPG) has acquired a majority stake in Fairmed Healthcare ...Read more