Market Updates

Pharmaceutical Drugs Going off Patent in 2018
June, 2018

Patent expiry is one of the major factor affecting the company revenue. Often when the generic competitor of a blockbuster drugs enters the market, the sales of the blockbuster drugs has decreased significantly. For instance, the patent expiry of Pfizer’s Lipitor has resulted in about 90% decrease in the annual sales revenue of the drug. In 2016, Astra Zeneca lost patents for two major drugs, Ces [...]

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GSK and Novartis - Consumer Healthcare Collaboration
June, 2018

The British pharma giant GlaxoSmithKline has had a consumer health joint venture with Switzerland’s Novartis for the last few years. However, GSK has just struck a $13 billion deal with its partner to take control of the whole thing in March, 2018, after quitting the race to buy Pfizer's consumer healthcare business. Under the terms of the original transaction,

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Veritas Capital to Acquire a GE Healthcare IT Business
June, 2018

Veritas Capital plans to acquire a health-care technology unit from General Electric. The company announced on 2nd April, 2018, that it entered into a definitive agreement with GE to acquire the Enterprise Financial Management (Revenue-Cycle, Centricity Business), Ambulatory Care Management (Centricity Practice Solution) and Workforce Management (formerly API Healthcare) assets comprising GE Healthcare’s Value-Based Care Division for $1.05 billion in cash. The transaction is expected to close during the third quarter of 2018, subject to c [...]

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Siemens UK Partnership with GBSL to Build 22 MW “Energy Storage Service” Launch
June, 2018

Siemens marks its presence in UK by a new partnership with Grid Battery Storage Limited (GBSL) The German electronics giant Siemens has marked its presence in the UK region by partnering with the GBSL. The project has been divided into 4 major projects which are collectively launch termed as the “energy storage as a service”. The first module of the project to be built at Dorking in the south of England, has a total capacity of 6MW/6MWh. The project has reached completion ahead of its [...]

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India: 2018 Medical Device Regulations
June, 2018

Medical ministry of health and Family welfare released new medical device rules in February 2017 and the new rules got implemented from 2018. Outside of the list of just 10 devices, medial devices were not regulated in India and medical device companies wanted to penetrate India’s market just needed an import license. However, this policy is no longer sufficient for India’s medical device industry with the implementation of the new rule. The notification lists the medical devices and IVD devices with their risk classes: List A inclu [...]

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AstraZeneca Allocates $90 Million in India Investments Over Next 5 Years
June, 2018

AstraZeneca, a global, science-led biopharmaceutical company, decided to invest around $90 million (around INR 590 crore) in near-term of five years to reinforce its manufacturing and clinical operations, along with patient safety, regulatory science, and IT services. The company has an established commitment of 40 years in India with around 4,000 employees across the departments.This venture is believed to impact positively the AstraZeneca's business footprint in India. The company is also committed in aligning thoroughly w [...]

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Blockchain in Healthcare
June, 2018

Blockchain is a distributed register that is used to keep track of the transactions happening in numerous machines. Every organization emphases on delivering high quality care to their clients. This requirement becomes even more important in the Healthcare industry. However, the major challenge is that the devices/service providers and customers control the decisions, which lead to care-service delivery and its data. This is exactly where Blockchain comes into the [...]

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Reimbursement Scenario in the US
June, 2018

BackgroundHealthcare situations across the globe are finding different ways to limit their increasing expense and is forcing manufacturers to diversify and put pressure on the prices of medical devices globally with cost-effective benefits. The opportunities for health insurers especially for people aged above 65 (also known as baby boomers) are gaining advantages from the private to government-offered Medicare in 2 [...]

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Artificial Intelligence in Medical Imaging
June, 2018

Medical imaging is expected to roll out wide offering to leverage machine learning and artificial intelligence to quest accurate, pro-active and complete patient care. this is primarily due to the digitalisation of medial data.“ Digital transformation has affected many industries and healthcare is one of the leading digitalising having significant improvement in both quality and efficiency “Today,

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CAR T-cells, a Promising Therapy for Curing Cancer
June, 2018

Targeted therapies are increasingly gaining popularity across the globe in the treatment of cancer because of its specificity in targeting particular cells or diseased areas in our body. Immunotherapy is one of the major kinds of targeted therapy used in field of oncology.  A rapidly emerging immunotherapy approach is known as Adoptive Transfer Act (ACT). This approach involves collecting and using patient’s own immune cells to treat diseases like cancer. There are several types of ACT, but, thus far, the one that has advanced the fu [...]

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