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Opto Circuits To Buy Two Indian Medical Equipment
Companies
Opto Circuits (India) Ltd. (OCI), a leading medical equipment
company, manufacturing medical diagnostics and cardiac products, has signed
share purchase agreements to acquire two Indian medical equipment manufacturing
companies, Devon Innovations Pvt Ltd (Bangalore) and Ormed Medical Technology
Ltd (Chennai).
The companies manufacture products like Catheters, Stone
graspers, Stone Baskets and Dilator Sets for different specialized applications,
mainly in the areas of Urology, Gastroenterology and Gynaecology. Devon
Innovations manufactures Catheters and allied products for various medical
segments and Ormed deals in orthopaedic prosthesis and surgical Disposables.
The acquisition of these companies will help OCI to extend
their penetration in India, as also in the international healthcare market. This
acquisition will give a good synergy to the manufacturing and marketing of OCI's
Cardiac Stents business. OCI will also enter new market segments like Urology,
Gastroenterology, Gynaecology and Orthopaedics in the domestic and International
market.
OCIL is a leading manufacturer of healthcare equipments in
India. The product profile includes digital thermometers, sensors, probes, pulse
oximeters, patient monitoring systems, Stents and innovative products in the
pipeline. In 2001, OCIL acquired 60per cent stake in Advanced Micronic Devices
to market its equipments in India. OEMs contribute 80 per cent of sales while
its US based subsidiary MediAid contributes 100 per cent.
(http://www.pharmabiz.com/article/
detnews.asp?articleid=38568§ionid=&z=y&z=y)
Gujarat FDCA To Provide Status Of
Applications Through Website
After completing computerized data management and licensing system throughout
the state recently, the Food and Drugs Control Administration (FDCA) of Gujarat
is now working on a software device to provide required information for the
industry on their various applications.
The new software, developed with the help of National Informatics Centre (NIC),
Department of Information Technology, will enable the companies to know the
status of their applications field in the FDCA through a website. The NIC is
preparing the new software as the part of its e-governance support programme.
With the launching of this facility, the FDCA will provide a secret password to
its applicant, which can be used to log in to the website and collect the
relevant data such as status of the application, actions taken, data on the
relevant officer who has taken the decision and the duration the file kept in
each section.
(Ref : The Chronicle Pharmabiz dated May 24, 2007)
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