Healthcare Financial News

Philip Morris International's Vectura Fertin Pharma said on Tuesday it would sell its asthma inhaler maker Vectura Group to Molex Asia Holdings for 150 million pounds ($198 million). Marlboro maker PMI bought Vectura in September 2021 as part of a plan to transform itself into a «broader healthcare and wellness» group, a shift it says has been hampered by critics. PMI acquired Vectura, part of its health and wellness unit, in a deal worth 1.1 billion pounds. It has since taken a $680 million impairment against the unit and abandoned plans to raise $1 billion in net revenues from the division by 2025.

Panacea Biotec on Tuesday said it has entered into a settlement with Sanofi Healthcare India Private Limited in a patent infringement litigation over hexavalent vaccine. Under the terms of settlement agreement, Sanofi has agreed that at present it would not commercially launch its fully liquid hexavalent vaccine Shan6 in India and shall also withdraw the opposition filed against Panacea Biotec’s patent IN 272351 on hexavalent vaccine before the Indian Patent Office. In turn, Panacea Biotec has agreed to forgo its claim for damages and rendition of accounts in the proceedings against Sanofi.

health minister has reported that 175 individuals in Malappuram district have been identified in connection with the recent Nipah virus outbreak. Among these, 74 are healthcare workers. Of the 175 individuals, 126 are on the primary contact list, with 104 considered high-risk, while 49 are secondary contacts. Authorities are treating ten people at Manjeri Medical College Hospital. Testing is underway for 13 individuals, with results pending. This follows the death of a 24-year-old man from Nipah virus on September 9. Previous outbreaks since 2018 have already affected the state, with the first death of 2024 recorded on July 21. Bats in Kozhikode, Wayanad, Idukki, Malappuram, and Ernakulam districts have been found carrying Nipah virus antibodies. Fruit bats naturally host the virus, which can then spread to humans, leading to person-to-person transmission.

Lightspeed, through its growth fund, is set to lead a $50-60 million deal with Qure.ai, which provides artificial intelligence-based decision support tools for diagnostic images, people aware of the matter said. This would be the third major deal from Lightspeed from its growth fund after having invested in quick-commerce firm Zepto and edtech company PhysicsWallah. The PhysicsWallah deal is yet to be formally announced. The funding in Qure.ai is likely to include a secondary share sale as well and is being finalised and will close within this month, people who know about the matter told ET. Qure.ai was a nominee in the Top Innovator category at The ET Startup Awards 2021.

This makes learning an important aspect of growth. Vijai Subramaniam, Founder and Chairman, Royaloak Furniture, says, “In today's rapidly evolving business landscape, continuous learning and development are imperative for both individual and organisational growth. We must prioritise cultivating a culture of lifelong learning, encompassing both technical and soft skills.” Investment in learning

HSBC initiated coverage on Krishna Institute of Medical Sciences (KIMS) with a 'buy' rating while assigning 'reduce' rating to Global Health (Medanta) and Narayana Hrudayalaya. The brokerage has a 'buy' rating on Apollo Hospitals and Aster Healthcare. «We retain our positive view on the growth outlook for the hospital sector on intact structural drivers: An ageing population, more lifestyle related disorders, increasing healthcare insurance coverage, rising income levels, and better paying ability,» said the analysts at the brokerage.

Subscribe to enjoy similar stories. In the early hours of Friday, Sam Altman’s OpenAI unveiled a new foundational artificial intelligence model called OpenAI o1.

Nifty50 closed at 25,356.50, lower by 32.40 or 0.13%. Nifty fizzled out and closed with a minor loss and barring oil & gas, FMCG and healthcare, all sectors ended in the red as the market gave up its early gains on the last day of the week, said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal Financial Services, while commenting on the day's action.

Umang Dairies Ltd.(up 2.38%), Mrs. Bectors Food Specialities Ltd.(up 2.08%), Dodla Dairy Ltd.(up 1.59%), LT Foods Ltd.(up 1.49%), Procter & Gamble Hygiene & Healthcare Ltd.(up 0.96%), Bajaj Consumer Care Ltd.(up 0.84%), Tasty Bite Eatables Ltd.(up 0.68%), Euro India Fresh Foods Ltd.(up 0.55%), Britannia Industries Ltd.(up 0.40%) and Hatsun Agro Products Ltd.(up 0.37%) stood among the top gainers.

junior doctors in West Bengal have written to President Droupadi Murmu and Prime Minister Narendra Modi, requesting their intervention in the RG Kar hospital impasse. Copies of the four-page letter written by the West Bengal Junior Doctors' Front were also sent to Vice President Jagdeep Dhankar and Union Health Minister JP Nadda. A post-graduate trainee was raped and murdered in state-run RG Kar Medical College and Hospital on August 9. Junior doctors have been on 'cease work' since then. «We humbly place the issues before your esteemed excellency, as the head of state, so that our unfortunate colleague who has been the victim of the most despicable crime shall receive justice, and so that we, the healthcare professionals under the West Bengal Health department, may be able to discharge our duties to the public without fear and apprehension.

Max Healthcare on Friday announced the acquisition of a 64 per cent stake in the Jaypee Healthcare, the company informed the exchange in a filing on Friday. The company also proposed to acquire the remaining stake of around 36 per cent through option agreement. «The Company, as strategic partner under the aforesaid arrangement, shall enter into an agreement to acquire around 64 per cent equity stake of JHL within 30 days of NCLAT order. The company proposes to enter into option agreement for the acquisition of the remaining around 36 per cent equity stake,» said Max healthcare.

Max Healthcare Institute Ltd. traded 0.44 per cent up at Rs 916.65 at around 01:58PM (IST) on Friday. The stock had closed at Rs 912.6 in the previous session. Equity benchmark Sensex traded 33.43 points lower at 82929.28 around the same time.

ageing population and climate change, a government watchdog forecast on Thursday. The projection from the Office for Budget Responsibility comes ahead of the Labour government's maiden budget next month in which some taxes are expected to rise to help fill a blackhole estimated at £22 billion ($29 billion). Commenting on its latest annual Fiscal Risks and Sustainability report, the OBR noted that «long-term projections such as these are clearly highly uncertain».

Community-backed Force of Good Foundation (FoG) behind Universal Health Token (UHT) announced that it had raised $1.2 million in a pre-seed investment round with participation from prominent investors including Animoca Brands, Polygon Ventures, KGeN and Tezos Foundation. Bringing together the technology and healthcare industries to revolutionize our approach to health and wellness, UHT is designed to guide individuals toward a healthier life through a range of incentives and benefits including exclusive NFTs, event access, and discounted health products. Current UHT partners include Animoca Brands, KGeN, and GOQii.

Furthermore, the request for the meeting to be livestreamed has been turned down but allowed for it be recorded for transperancy, said the secretary. The doctors have been protesting outside Swathya Bhavan, the state health department headquarters, demanding the removal of Kolkata Police Commissioner Vineet Goyal, the state health secretary, the director of health education, and the director of health services.

“We wish to inform you that M/s. Krishna Institute of Medical Sciences Limited (‘the Company’) has fixed Friday, September 13, 2024, as ‘Record Date’ to determine the eligibility of shareholders of the Company for Subdivision/split of 1 (One) equity share having face value of Rs.10/- (Rupees Ten Only) each, full paid-up, be subdivided into 5 (Five) equity shares having face value of Rs.2/- (Rupees Two only) each,” said the company in its filing to the exchanges.

The software engineer currently earns 85,000 Canadian dollars (around Rs 52.5 lakh annually, including bonuses). However, the high cost of living in Halifax, where he lives, along with Canada’s strained healthcare system, is making life challenging. “Rent’s crazy, paying 2,300 Canadian dollars (Rs 1.42 lakh) for rent and utilities,” he noted, adding that long waiting times for non-urgent healthcare have been another significant issue. His company has offered him a managerial position in Bengaluru with a salary of Rs 36 lakh per annum, plus a Rs 5 lakh bonus. While the offer seems promising, the engineer is concerned about adjusting to the work culture in India, particularly with an Indian manager. “I’ve never worked in India, and I’ve heard horror stories about the demands of Indian bosses,” he mentioned in his post. He’s also unsure about the working environment, which he fears might change if his current managers leave.

US government faces a potential shutdown on October 1, many essential services are at risk of disruption. Federal employees, particularly those not deemed essential, may be told not to work, and their paychecks could be delayed. However, certain services and workers would continue to operate, even under a shutdown.

Max Healthcare Institute Ltd. gained 1.42 per cent to Rs 892.35 in Wednesday's session as of 10:45AM (IST) even as the equity benchmark Sensex traded 142.87 points higher at 82064.16. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 979.8 and a 52-week low of Rs 531.05 on NSE. Around 8986 shares changed hands on the counter till 10:45AM (IST).

Mamata Banerjee's invitation for talks at the state secretariat to resolve the impasse over the RG Kar hospital issue. «Your small delegation (maximum 10 persons) may visit 'Nabanna' now to meet government representatives,» the email sent by the state's Health Secretary N S Nigam to the protesting medics on Tuesday evening had stated. «The language of the communication is not only disrespectful to us doctors, it's downright insensitive. We find no reason to reply to this mail,» Dr Debasish Halder, a leader of the protesting doctors who organised a sit-in before the state health department headquarters at 'Swasthya Bhavan' in Salt Lake, said. The doctors conveyed that although «doors remain open» for talks with the state's highest authorities, they would continue with their agitation till their demands are met.

Remote jobs can open doors to several lucrative and rewarding opportunities for those who do not want to commute long distances every day, want to wear multiple hats and cannot confine themselves to an office setup.