In this issue

INDIAN BIOSUPPLIERSMARKET GROWING AT 9% CROSSES RS 8600 CRORE 
The biosciences revenue of the Indian BioSuppliers market touched Rs 8666crore in 2019-20 registering a growth of 9 per cent over the previous year’sfigure of Rs 7950 crore in 2018-19. The market registered a growth of 6 per centin 2018-19 over the previous year’s figure of Rs 7500 crore. The government’sallocation of Rs 1,900 crore ($ 0.27 billion) for research in the Union Budget2019-20 and Rs 62,659 crore ($ 8.96 billion) allocated for Ministry of Health andFamily Welfare have helped the biosuppliers to see some good growth duringthe year as against the growth rate witnessed in 2018-19.  

Health Ministry Unveils Website On Repurposed Drugs For Covid-19

The Ministry of Health and Family Welfare has launched a website that gives comprehensive information about the numerous COVID-19 clinical trials that Council of Scientific and Industrial Research (CSIR) is engaged in partnership with industry, other government departments and ministries.

1 min

Siemens Healthineers to invest Rs 1300 Cr in innovation hub

To advance the digitalization of healthcare and better serve the needs of emerging markets, Siemens Healthineers has announced plans to invest Rs 1300 crore over the next five years in an innovation hub in Bengaluru.

1 min

Medtech startup EzeRx gathers Rs 1.75 Cr in seed round

Medtech startup EzeRx from Kolkata has secured Rs 1.75 crore in a seed funding round backed by the Odisha based KIIT Technology Business Incubator (TBI).

1 min

Pakistan emphasizes on breast cancer awareness

The Quaid-i-Azam University (QAU) has signed a Memorandum of Understanding (MoU) with Pink Pakistan Trust with an aim to spread awareness on breast cancer and its early detection within Pakistan.

1 min

World Bank approves $12B for COVID-19 vaccine support

The World Bank’s Board of Executive Directors has approved an envelope of $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens.

1 min

WHO issues alerts on falsified medical products

The World Health Organisation (WHO) has issued an alert for medical product related to three different batches of confirmed falsified Fluzone Quadrivalent Influenza Vaccine identified in Mexico and reported to WHO.

1 min

Supporting innovation in 2021

COVID-19 is likely to impact India’s economy across all industries and business formats. Nevertheless, the biosuppliers sector is gearing up to adopt the new normal and is all set to launch new products in next 12 months in 2021. The upcoming products are spread across a wide range of applications for the life sciences industry such as cell imaging, sample analysis, nanotechnology, gene sequencing, microbiology research, microencapsulation and much more.

2 mins

IIT-Kgp develops economical device for COVID-19 testing

Covirap, the diagnostic machine developed by the Indian Institute of Technology, Kharagpur (IIT-Kgp) researchers, has been successfully validated for its efficacy in COVID-19 detection by the Indian Council of Medical Research (ICMR).

1 min

IISER-Pune focuses on checking asymptomatic COVID-19 cases

Researchers from the Indian Institute of Science Education and Research IISER) in Pune, along with the BJ Medical College in Ahmedabad have developed a fast and sensitive device that can help detect asymptomatic COVID-19 patients by testing their sense of smell.

1 min

IIHMR, John Hopkins initiate vaccine economics course

With COVID-19 dramatically altering vaccine decision making globally, the world is faced with new challenges on how to maintain routine vaccine coverage and plan the rapid deployment of a coming COVID-19 vaccine.

1 min

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Bio Spectrum Magazine Description:

India's leading publication that covers the business of bio-technology. With comprehensive analyses of policy issues, products and services across the bio-pharma, bio-informatics, bio-infrastructure and bio-agriculture segments, it is the industry's most authoritative source of information.