Sector: Healthcare
Metropolis Healthcare changes terms of acquisition of Hitech Diagnostic to full cash
Earlier on January 17, 2021, Metropolis Healthcare had approved the acquisition of Hitech Diagnostic Centre and its arm Centralab Healthcare Services in a combination of cash and equity shares deal. At that time, it was cash consideration of Rs 511 crore and equity consideration of up to 4,95,000 fully paid-up equity shares of Rs 2 each. Now the … Read more
Abbott is more than 100 years old in India
Abbott, one of the most admired healthcare global company is also one of the oldest in India. It was established in India in 1910. When I first read about it, I couldn’t believe it and hence thought of sharing. Also for ease of reference, Abbott originally an American Company was founded in 1888. i.e., 22 … Read more
Tech Mahindra expects to begin trials for planned COVID drug in 3-4 months
After receiving the patent for a particular molecule, according to a senior official. Markers Lab, the research and development arm of the IT company, is working on developing the drug. The company along with Reagene Biosciences has filed for the patent for a molecule that can be used to develop a drug against coronavirus. “We … Read more
Deloitte has designed programme that can be scaled in Covid fight, says CEO
Deloitte, one of the Big Four accounting organisations, has developed “a very innovative, simple, fit-for-purpose programme” in the fight against COVID-19 that can be scaled up in a quick span of time, its CEO Punit Renjen said on Monday. “We have designed, I believe, a very innovative, simple, fit-for-purpose programme that is integrated,” Renjen told … Read more
Over 300 pharma, healthcare companies eligible for new Covid loans
As many as 354 Crisil-rated companies, predominantly pharmaceutical firms and hospitals, with an aggregate bank exposure of Rs 40,000 crore will be eligible for Covid loans from lenders under RBI’s liquidity facility. Though pharmaceutical firms account for 68 per cent of rated bank exposure, hospitals (about 24 per cent of rated exposure) are likely … Read more