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Govt Plans Regulation Of Retail Pharmacies

The government is planning to tighten the norms for transporting, storing and selling medicines in the country even as big corporate houses are opening retail pharmacy chains and the existing ones get corporatised.

Corporate Hospitals See 15% Earnings From Foreign Patients

With foreign patients coming to Indian hospitals for treatment expected to touch 2 lakh, inbound medical tourism is expected to contribute about 15% of corporate hospitals total earnings by 2009.

Heart Connect

Whenever he's called upon to give a talk on future trends in business, CK Prahlad's favourite example is that of a cardiac implant. The University of Michigan-based management guru sees the IT enabled healthcare system of the future as one that will not only monitor a patient's vital signs, but will also relay information on any problems that may occur to his family, to his doctor, and also put him in touch with the nearest hospital, wherever in the world he may be.

GE Healthcare To Augment Product Dept Capability

Global medical diagnostic major GE Healthcare will be increasing its product development capability and manpower strength in the country shortly.

Labelling Committee Moots Country Wise Code For Drug Exports

The sub committee for labeling of drugs set up by DCGI is considering to incorporate a country wise code number on the labels of exporting products to ensure quality compliance and perfection in each consignment. The coding system will ensure proper delivery of consignment to the appropriate nation, for which the quality requirements of the product are to be met.

Kitten To Market Timestrip’s Smart Label Technology In India

The Mumbai based Kitten Enterprises Private Ltd., a global sourcing agent of critical products for critical applications, is in discussion with the UK based Timestrip Ltd. to market the latter’s unique smart label technology, Timestrips®, in the Indian market.

Medical Devices Being Marketed Without Regulations, Safeguards In India

India still does not have a comprehensive set of rules for the manufacture and marketing of medical devices despite their increasing therapeutic in human bodies for several years. The Central Drugs Standard Control Organisation (CDSCO) has been working on to frame specific standards for licensing of these products for more than 16 months now.

Borealis Develops Polypropylene BH34MO For Pail Packaging

Borealis, a leading provider of innovative, value creating plastics solutions, with more than 40 years experience in the polyethylene (PE) and polypropylene (PP) business, has created a unique opportunity for pail packaging converters to raise productivity and increase processing efficiency while delivering pails with excellent stacking performance, high impact resistance and good aesthetics.

AMDSI Urges Govt To Reduce Customs Duty, Set Up Medical Tech Park

The Association of Medical Devices and Diagnostic Suppliers Of India (AMDSI) has urged the central government to give boost to the medical equipment and other medical technology manufacturing industry in the country by amending the existing provisions regarding the industry in the coming Union Budget.

The All Indian Origin Chemists and Distributors Ltd. (AIOCD), the company floated by All India Organisation for Chemists and Druggists (AIOCD), is planning to float 10 state wise pharmacy retail companies by January 1, 2008. The move comes as the part of AIOCD's plans to set up 30 companies over the country within two years.

Companies Look To Gain From Budget Proposals

While welcoming the proposals in the budget for pharma and biotech sectors, albeit with some disillusionment, leading industry players are now looking to grab the most out of the new measures, especially the hike in healthcare sector allocation.

US FDA Nod For Baxter's Colleague Infusion Pump

Baxter Healthcare Corporation has received clearance from the US FDA on its Colleague infusion pump 510(k) pre-market notification. The company is preparing to modify pumps currently in the market and will soon submit manufacturing and service documentation to FDA in advance of deploying upgrades to US Colleague infusion pumps.

Polymed Medicure Eyeing US Market

Medical device manufacturer Polymed Medicure is eyeing the US market, making it the first Indian company to do so. Once the company’s plant in Faridabad gets USFDA approval, it will start exporting four medical devices to the US, which accounts for 25% of the global $70-80 billion medical device market.