Tuesday, 22 October 2019

Finance News

  • Aurobindo Pharma receives a hike of 29% in Q2FY18, side-lines estimations

    Finance |  News | 0 Comment | 10 Nov, 2017

    Aurobindo Pharma's Q2FY18 consolidated results for the quarter registered a beat on street estimates. Revenue for the quarter came in 4.5  per cent higher than the estimated figure of ...Read more

  • Morepen signs agreement with Vesale Pharma

    Finance |  News | 0 Comment | 10 Nov, 2017

    Indian pharmaceutical firm Morepen Laboratories has signed an exclusive deal for strengthening its presence in India’s growing probiotics market. The company has inked an agreement to...Read more

  • Carlyle growth strikes a deal with Visionary worth Rs 420 crore

    Finance |  News | 0 Comment | 06 Nov, 2017

    Global private equity fund Carlyle Growth is all set to buy Visionary Revenue Cycle Management (VRCM), a provider of healthcare solutions, for $65 million (Rs 420 crore) from the company&rs...Read more

  • Torrent to buy Unichem domestic biz

    Finance |  News | 0 Comment | 03 Nov, 2017

    Torrent Pharmaceuticals is all out to acquire the domestic formulations business of Unichem Laboratories in a deal estimated at about Rs 3,500 crore. A formal announcement on the slump sale...Read more

  • Dr. Reddy's Q2 net declines at 3.42%

    Finance |  News | 0 Comment | 02 Nov, 2017

    Dr Reddy's Laboratories has reported a 3.42 per cent drop in net profit during Q2, primarily due to price erosion in its US market. The net profit during the quarter end in September was Rs...Read more

  • Jubilant Life Q2 net profit at Rs 125 crore

    Finance |  News | 0 Comment | 01 Nov, 2017

    Drug firm Jubilant Life Sciences Ltd has said that its consolidated net profit stood at Rs 125.47 crore for the second quarter ended September 30. The company had posted Rs 143.56 crore ne...Read more

  • PE giants eyeing stake at Mankind worth crores

    Finance |  News | 0 Comment | 31 Oct, 2017

    Big private equity firms and sovereign wealth funds are exploring a purchase deal share worth at least Rs 5,000-crore ($750-million) in India's fifth largest drug maker Mankind Pharma. The...Read more

  • Lupin net profit falls 31% in Q2 to Rs 455

    Finance |  News | 0 Comment | 31 Oct, 2017

    Pharma company Lupin reported its financial performance for the second quarter ending September 30th, 2017. The company reported net profit of Rs 662.9 in the same period of previous year....Read more

  • Biocon net declines in Q2

    Finance |  News | 0 Comment | 27 Oct, 2017

    Biocon Ltd has reported Rs 69 crore consolidated net profit for the second quarter of fiscal 2017-18, a 53 per cent decline from Rs 147 crore in the same period last year. The consolidated ...Read more

  • Money minting season for Healthcare IT companies, mint $5.5 bn from Jan to Sept 2017

    Finance |  News | 0 Comment | 24 Oct, 2017

    Global healthare IT/digital health companies have raised USD 5.5 billion in VC funding in January-September this year, more than in all of 2016, says a report. According to Mercom Capital ...Read more

  • Credithealth spurts Rs 100 crore investment to enhance its technology and infrastructure

    Finance |  News | 0 Comment | 23 Oct, 2017

    India's one of the leading medical assistance companies, Credihealth has announced its plans to invest Rs. 100 crore in the next three years to augment technology and infrastructure for exp...Read more

  • Natco Pharma plans API expansion with more investment

    Finance |  News | 0 Comment | 03 Oct, 2017

    Hyderabad-based Natco Pharma is planning to expand its Active Pharmaceutical Ingredient (API) and intermediates manufacturing facility in Tamil Nadu. The company is looking at investing in ...Read more

  • Novartis India plans on buying back shares worth crores

    Finance |  News | 0 Comment | 26 Sep, 2017

    Pharma major Novartis India will buy back shares worth Rs 231.15 crore representing 12.26 per cent of the total paid up equity capital. The company's Board of Directors approved the propos...Read more

  • DBT plans floating lab on Brahmaputra

    Finance |  News | 0 Comment | 22 Sep, 2017

    A new project of the Department of Biotechnology aims at starting a lab on boat on Bramhaputra river for biological analysis of the river system. The ambitious project also proposes to hav...Read more

  • Manipal Group to acquire TTK's stake in Cigna

    Finance |  News | 1 Comment | 19 Sep, 2017

    Manipal Group, with presence in health care and higher education is entering health insurance sector by buying out TTK's stake in Cigna TTK Health Insurance. Post the transaction, Manipal w...Read more

  • Temasek acquires Rs 1000 cr stake in Manipal hospitals

    Finance |  News | 0 Comment | 19 Sep, 2017

    Singapore’s Temasek Holding has agreed to acquire a Rs 1,000-crore stake in Manipal Hospitals in a deal that possibly turns the Bengaluru-based private healthcare network into an indu...Read more

  • FDA puts hold on clinical trials for CAR-T cell therapy

    Finance |  News | 0 Comment | 18 Sep, 2017

    French biotech firm Cellectis has revealed that the Food and Drug Administration has put a clinical hold on two of its clinical trials for its gene-edited allogeneic CAR-T therapy following...Read more

  • Sayre Therapeutics raises funds for expansion

    Finance |  News | 0 Comment | 05 Sep, 2017

    Sayre Therapeutics Pvt. Ltd., a super-specialty pharmaceutical company with a portfolio of Oncology, Interventional Oncology and Immunology drugs, drug delivery devices and next-generation ...Read more