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  • Pfizer Inc, one of the world's premier innovative biopharmaceutical companies, announced that the US Federal Trade Commission terminated the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to company's pending acquisition of Hospira.

  • A health exchange portal called Zigy.com was launched by former iGate CEO Phaneesh Murthy-founded PM Health and Life Care (PMHLC) on August 24. Zigy.com connects patients requiring health products and services with doctors, hospitals, chemists, diagnostic labs and also provides wellness products and services, insurance, home-care services and alternative medicines. However, Zigy does not allow patients to order medicines without a genuine prescription. Zigy.com is availabe as a website and a mobile app as well.

  • Global Expansion: Opportunities in the U.S for Indian Companies

    (Business Wire India); Brickwork India, the India representative of Fairfax County Economic Development Authority (FCEDA) organized the seminar on Global Expansion in Bangalore on July 23rd 2015. The seminar, conducted with the Indo-American Chamber of Commerce (IACC), highlighted the business opportunities in Fairfax County, Virginia – just outside Washington, DC – for Indian firms with IT services and solutions for the Cloud Computing, Big Data Analytics and Defence and Aerospace domains.

  • Ajanta Pharma, a Rs. 1,450 crore plus Mumbai based pharma major, has received the third largest wealth creator award from Fortune India. Fortune India has published list of 500 mid-size companies and ranked them on various parameters based on the results of 2013-14. Similarly, Ajanta Pharma ranked tenth on return on capital employed, 21st in net profit and 182nd in sales.

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  • In India OXXY launch hospital chain

    OXXY, with over 1 lakh medical centres already tied up under its belt, is all set to launch its hospital chain in India. OXXY, valued over USD 2 billion, is all set to launch hospitals in the metros and a few other cities under its belt in next few months. These hospitals will be from 50 bedded to 500 bedded capacity. No other model currently exists in India and its success will purely depend on the affordability of quality treatment and services directly in comparison with the global standards.

  • The US Food and Drug Administration (FDA) has accepted leading global pharmaceutical company, Teva Pharmaceutical Industries Ltd's New Drug Application (NDA) for SD-809 (deutetrabenazine) for the treatment of chorea associated with Huntington disease (HD). It is  a rare and fatal neurodegenerative disorder caused by the progressive breakdown of nerve cells in the brain that affects about five to seven people per 100,000 in western countries, according to the World Health Organisation.

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