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.
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.
Healthcare To Augment Product Dept Capability
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
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 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.
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
Nod For Baxter's Colleague Infusion Pump
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.