China’s I-Mab raises $220 million in Series C funding

2018-07-03 09:59:23

I-Mab Biopharma has completed Series C financing for USD 220 million, representing one of the largest amounts ever raised in Series C by a biotech company in China.By Team ABLEI-Mab Biopharma, a China-based company focusing on biologics for immuno-oncology and immuno-inflammation, has announced the completion of Series C financing for USD 220 million, representing one of the largest amounts ever r

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Ferring Pharmaceuticals to set up R&D lab in Hyderabad

2018-07-03 09:58:14

Ferring Pharmaceuticals has laid the foundation stone for an R&D and manufacturing facility at Hyderabad.By Team ABLEEuropean pharmaceuticals company, Ferring Pharmaceuticals has laid the foundation stone for an R&D and manufacturing facility at Hyderabad. The event was attended by Telangana Industries’ Minister K T Rama Rao and several other dignitaries, a state government release said.

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Walmart Foundation invests $2m in Farmer Market Readiness Program in India

2018-06-29 09:17:14

Over 6000 farmers in Andhra Pradesh will move to an improved business model for better value chains and better incomes through an intensive two-year project supported by the Walmart Foundation in partnership with ICRISAT.By Team ABLEOver 6000 farmers in Andhra Pradesh will move to an improved business model for better value chains and better incomes through an intensive two-year project supported

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Kiran Mazumdar-Shaw Elected Full-Term Member of the Board of Trustees of MIT

2018-06-29 09:16:05

Biocon’s Chairperson and Managing Director, Kiran Mazumdar-Shaw, is among the eight full-term members who will each serve a term of five years starting July 1, 2018.By Team ABLEBiocon Ltd, Asia’s premier biopharmaceutical company, has announced that its Chairperson and Managing Director, Kiran Mazumdar-Shaw, has been elected as full-term member of the MIT Corporation, the board of trustees of

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Cabinet approves Healthcare MoU between India and Bahrain

2018-06-29 09:14:27

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between India and Bahrain on cooperation in the field of Healthcare.By Team ABLEThe MoU covers the following areas of cooperation:-Exchange of information including publications and research outcomes;Exchanging visits by governmental officials, academic staff, scholars, te

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Lupin, Mylan partner to commercialize Enbrel Biosimilar

2018-06-29 08:40:42

Enbrel is a TNF-inhibitor1 indicated to treat certain autoimmune diseases, including rheumatoid arthritis, psoriatic arthritis, plaque psoriasis and ankylosing spondylitis.By Team ABLEPharma major Lupin Limited (Lupin) and global pharmaceutical company Mylan N.V. will partner to commercialize a biosimilar to Enbrel (etanercept). Through the partnership agreement, Mylan will commercialize Lupin\'s

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Global area of biotech crops continued to rise in 2017; reaches 189.8 million hectares: ISAAA report

2018-06-29 08:39:55

The International Service for the Acquisition of Agri-biotech Applications (ISAAA) and PG Economics Ltd. released new studies highlighting the continued social, environmental and economic benefits of the global adoption of biotechnology in agriculture.By Team ABLEOn June 26th 2018, the International Service for the Acquisition of Agri-biotech Applications (ISAAA) and PG Economics Ltd. released new

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WHO study shows Carbetocin could save thousands of women’s lives

2018-06-29 08:37:51

The study, published in the New England Journal of Medicine, has shown an alternative drug – heat-stable carbetocin – to be as safe and effective as oxytocin in preventing postpartum haemorrhage.By Team ABLEAs India announces its ban on the manufacture of Oxytocin formulations in India, The World Health Organization (WHO) has released a news that indicates that a new formulation of a drug to p

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Oxytocin formulations ban to come into effect from 1st July 2018; KAPL to manufacture the drug for domestic use only

2018-06-29 08:36:20

The Ministry of Health and Family Welfare has restricted the manufacture of Oxytocin formulations for domestic use to public sector only, from 1st July 2018. It has also banned the import of Oxytocin and its formulations.By Team ABLEThe Ministry of Health and Family Welfare has announced that from 1st July 2018, no private manufacturer will be allowed to manufacture the drug for domestic use. Only

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Cabinet apprised of India-Denmark S&T agreement

2018-06-29 08:35:27

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of the Agreement between India and Denmark on Cooperation in the field of Science, Technology and Innovation. By Team ABLEA historic milestone in the Indo-Danish Science and Technology relationship was reached on May 22nd, 2018 through signing of an Agreement on Cooperation in the field of Science, Technology and

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