Proparco, a unit of France's state development agency, is making a USD 35 million equity investment in Quadria Capital, an Asia healthcare-focused private equity firm, the companies said on Tuesday, to develop healthcare facilities in the region
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Despite continued price erosion in the US and Europe pharma markets, most companies have reported sequential improvement in margins, supported by some stabilisation of raw material costs and steady performance in other key markets. However, companies are also taking active cost optimisation measures, including discontinuation of low margin products and rationalisation of R&D spends with an increasing focus on complex molecules and specialty products
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2070 Health, a Healthcare Venture Studio, has raised USD 30 million from W Health Ventures to create a unique platform that will build healthcare companies from scratch to make high-quality healthcare more accessible and affordable in India, the company stated in a statement
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Shares of Day One surged 21.3 per cent to $16.54 premarket after the company's experimental therapy for a type of brain tumor significantly reduced tumor in 67 per cent of patients aged over 6 months to 25 years in a mid-stage study.
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Amedisys' board has not yet determined whether Optum's offer could be superior to Option Health's deal and is currently in exploratory discussions with the UnitedHealth unit.
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Mankind Pharma, the Indian pharma major announced its financial results for the fourth quarter and full year ended March 31, 2023. The company's Profit After Tax (PAT) in the fourth quarter surged by 52 per cent year on year (YoY) to Rs 294 crore against Rs 193 crore recorded in the corresponding quarter last year
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Ahmedabad-based Indian pharmaceutical major Torrent Pharmaceutical on Tuesday posted its financials for the fourth quarter and full year ending March 31, 2023. The company posted a net profit of Rs 287 crores in the January-March quarter against a net loss of Rs 188 crores recorded in Q4 last year
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Apollo Hospitals, India’s leading hospital chain clubbed a net profit of Rs 146 crore for the quarter ended March. The profit saw an uptick by 50 per cent from Rs 97 crore posted in same quarter of previous year
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