Strand Life Sciences set to buy Quest’smedical diagnostics business

2018-10-10 10:56:04

The two companies aim to close the sale by the end of first quarter 2019.By Team ABLEQuest Diagnostics has announced that the company has agreed to sell its India medical diagnostics business to Strand Life Sciences, a Bangalore-based specialized diagnostics company.The financial details of the transaction were not disclosed. The two companies aim to close the sale by the end of first quarter 2019

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DBT extends Rs 4.1 crore to set up women biotech incubator at Tirupati

2018-10-10 10:55:26

The Department of Biotechnology has released Rs 4.1 crore to Sri Padmavathi MahilaVisvavidyalayam (SPMVV) for setting up a Women Biotech Incubator at Tirupati. By Team ABLEThe Department of Biotechnology, Government of India has released Rs 4.1 crore to the Sri Padmavathi MahilaVisvavidyalayam (SPMVV) for setting up ‘Women Biotech Incubator,’ said SPMVV Vice-Chancellor Prof V Durga Bhavan

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Piramal Pharma Solutions launches Xcelerate Integrated Solutions

2018-10-10 10:54:42

Piramal’s Xcelerate platform provides integrated solutions for orphan diseases, niche therapies, and fast track medicinesBy Team ABLEPiramal Pharma Solutions (PPS) has recently launched its Xcelerate Integrated Solutions platform to address a rapidly growing market need.This platform, according to Piramal, will serve the increasing demand from pharmaceutical firms, both large and small, for pref

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Biocon-backed Equillium files for a $86 million US IPO

2018-10-10 10:53:55

Equillium is a CA-based phase I biotech company developing monoclonal antibody therapies for acute and chronic graft-versus-host disease and asthmaBy Team ABLEEquillium, a phase I biotech company developing monoclonal antibody therapies for acute and chronic graft-versus-host disease and asthma, has recently filed with the SEC to raise up to $86 million in an initial public offering.The La Jolla,

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Healthcare platform MedAchievers partners Venture India to launch a $100 million healthcare fund

2018-10-08 06:30:37

With this $100 million funds, the collaborators intend to support 15 startups in India and look to offer the best balance between investments, innovations and implementation.By Team ABLEHealthcare platform MedAchievers has partnered with business consultancy firm Venture India to launch a $100 million fund MedAchievers Connect to fund cutting-edge research in healthcare in India.With this $100 mil

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Merck opens M LabCollaboration Center in Brazil

2018-10-08 06:29:47

It is one of nine centers around the world, each of which allows pharmaceutical manufacturers to explore new ways to increase productivity, improve processes and mitigate risks.By Team ABLEMerck, the science and technology company, has officially opened a state-of-the-art M Lab Collaboration Center in Brazil, serving the Latin America region. The center will provide Life Science customers wit

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MoH says Indian government stands committed to ensure safety of vaccines

2018-10-08 06:28:42

A team of MoHFW, DCGI, ICMR and WHO is continuously monitoring the situation. Government of India says that is committed as always to ensure that all vaccines used in the programme are safe and effective.By Team ABLEThere have been reports in a section of the print media mentioning that bivalent oral polio vaccine supplied by a particular manufacturer had some quality issues.India was certified po

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University College London inks alliance with Pall Biotech to form Biotech Centre of Excellence

2018-10-08 06:27:00

The UCL-Pall Biotech CoE will be operational from September 2018 through 2024 with a management committee supported by UCL\'s Strategic Alliance Director, Naveraj Gill. By Team ABLEPall Corporation, a global leader in filtration, separation and purification, has progressed a strategic partnership with the University College London (UCL)Biochemical Engineering department with the creation of t

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US FDA awards $18 million-worth12 grants to fund new clinical trials for rare diseases’ therapeutics

2018-09-25 07:14:19

These new grants were awarded to principal investigators from academia and industry across USA.By Team ABLEThe U.S. Food and Drug Administration has awarded 12 new clinical trial research grants totaling more than$18 million over the next four years to enhance the development of medical products for patients with rare diseases. These new grants were awarded to principal investigators from academia

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Nations failing to invest in health care are at risk of stagnatingeconomic growth: IHME Study

2018-09-25 07:13:24

Nations failing to invest in health and education are at risk of stagnating economies and lower per capita GDP, according to the first-ever scientific study ranking countries for their levels of human capital.The study, titled Measuring human capital: A systematic analysis of 195 countries and territories, 1990–2016,was published in the international medical journal, The Lancet.By Team ABLENatio

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