Morepen Laboratories Ltd on Wednesday said its board has approved $32.50 million investment in the firm by Switzerland-based Corinth Group, out of a total of $100 million investment by the private investment firm. The...
Pristyn Care’s valuation crosses $550 mn, raises $53 mn in funding round
Pristyn Care, a healthcare startup specialising in surgeries, has got $53 million in a funding round led by US investment fund Tiger Global Management. The deal raised the company’s valuation rose to more than $550...
Sirona Hygiene raises $3 million in Series A funding
Maker of female hygiene products, Sirona Hygiene on Tuesday announced that it has raised $3 million as a part of its Series A funding from NB Ventures and IAN Fund. According to the company, the funding will be used to...
EU to examine Illumina’s $7.1 billion acquisition of Grail on antitrust grounds
EU antitrust regulators will examine Illumina Inc’s proposed $7.1 billion acquisition of cancer test maker Grail Inc, the European Commission said on Tuesday, following a request from six countries on competition...
Manipal Health Enterprise resumes talks to buy Kolkata’s AMRI
Manipal Health Enterprise that runs the eponymous hospital chain from Bangalore has resumed talks to buy the Kolkata-based AMRI (Advanced Medical Research Institute) Hospitals, seeking to build a robust presence in...
Thermo Fisher expands pharma service business with $17.4 bln PPD acquisition
Medical device maker Thermo Fisher Scientific Inc said on Thursday it would acquire contract researcher PPD Inc for $17.4 billion as it looks to add more muscle to its pharmaceutical services business. Thermo Fisher...
Illumina CEO says GRAIL deal is good for competition
The chief executive of life sciences company Illumina argued Thursday his company’s deal to buy back GRAIL would lead to cheaper cancer tests rather than potentially pushing up prices as the government alleged in...
Diagnostics chain HealthMaP looks at merger with iGenetic
HealthMaP Diagnostics, a diagnostic chain controlled by Manipal Group and a private equity fund managed by Morgan Stanley, is looking to merge with Mumbai-based iGenetic Diagnostics, valuing the company at 750 -1,000...
NIIFL to invest ₹2,100 cr in Manipal Hospitals
The National Investment & Infrastructure Fund Ltd (NIIFL) on Thursday announced an investment of ₹2,100 crore in Manipal Hospitals, through its direct private equity fund, Strategic Opportunities Fund, as the...
Piramal Pharma to acquire 100% stake in Hemmo Pharma for ₹775 crore
Piramal Pharma Solutions (PPS) made this third acquisition of FY21 as it entered into an agreement to purchase a 100% stake in Hemmo Pharmaceuticals Pvt. Ltd for ₹775 crore, the companies said in a joint statement on...
U.S. seeks to stop Illumina from purchasing cancer-testing firm Grail
The Federal Trade Commission will seek to stop Illumina Inc’s $7.1 billion proposed acquisition of cancer detection test maker Grail Inc, the agency said in a statement on Tuesday. Shares of Illumina fell 5.2% on...
Siemens Healthineers on track to close Varian takeover in H1 – CFO
Siemens Healthineers is on track to complete the Varian takeover in the first half of the year as there were only a few approvals outstanding after authorities in the United States and the European Union already gave...
