Medical Devices Industry
Drug, medical services firm PharmEasy may lay off hundreds of employees
The company has a total workforce of about 1500
 "Drug, medical services firm PharmEasy may lay off hundreds of employees")
Parliamentary panel recommends setting up regulators for medical devices
The Parliamentary Standing Committee on Health and Family Welfare has recommended setting up of a new set of regulators at different levels for regulating the medical Devices industry
 "Parliamentary panel recommends setting up regulators for medical devices")
Registration by medical device resellers made a must, may impact mask sales
Apart from masks, even condoms sold at groceries may be brought within the ambit of the rule; industry feels govt may come out with an exemption list for common items
 "Registration by medical device resellers made a must, may impact mask sales")
India's rising medical devices imports hurt small and medium units
China accounts for about one-fifth of FY22 numbers; 41% surge overall
 "India's rising medical devices imports hurt small and medium units")
Nearly 33% of India's medical devices capacity lying unused: Industry
Industry faces stiff competition from China as imports from country rise 75% in FY21
 "Nearly 33% of India's medical devices capacity lying unused: Industry")
India seeks investments from US companies in pharma, medical devices sector
India has reached out to top American pharma companies seeking investment in the country's pharmaceutical and medical devices sector
 "India seeks investments from US companies in pharma, medical devices sector")
Poly Medicure hits fresh high; stock zooms 53% over QIP price
Ace investor Ashish Kacholia held 1.75 million equity shares, or a 1.83 per cent stake, in Poly Medicure as of February 19, 2021
 "Poly Medicure hits fresh high; stock zooms 53% over QIP price")
Centre looks to nudge more MSMEs into manufacturing to reduce imports
Sources across ministries confirmed that Narendra Modi's call to "go vocal for local" will be achieved through a host of measures, running into the dozens, and will focus on long-term goals.
 "Centre looks to nudge more MSMEs into manufacturing to reduce imports")
India to airlift 220 tonnes of medical cargo from China over 3 days: Puri
India has been under a lockdown since March 25 to curb the spread of the novel coronavirus
 "India to airlift 220 tonnes of medical cargo from China over 3 days: Puri")
Health Ministry urges rational use of PPEs, says India has sufficient stock
Joint Secretary of Health Ministry also said that the Centre is augmenting the supply of PPE to states and that the states should use such gears rationally
 "Health Ministry urges rational use of PPEs, says India has sufficient stock")
Budding medical devices firms innovate to tackle coronavirus pandemic
All these will be available on Healthcare Innovation for Indian Healthcare (Hiiih), a medical entrepreneurship and innovation-enabling platform.
 "Budding medical devices firms innovate to tackle coronavirus pandemic")
Medical devices to be treated as drugs from the next financial year
To be regulated under the Drugs and Cosmetics Act, says a notification by govt
 "Medical devices to be treated as drugs from the next financial year")
New ultrasound scan uses laser instead of acoustics to image human body
"We're at the beginning of what we could do with laser ultrasound," said Brian W. Anthony, a senior author on the paper from MIT
 "New ultrasound scan uses laser instead of acoustics to image human body")
Govt plans to set up hubs for manufacturing medical devices, bulk drugs
Eight proposed parks aim to reduce import dependence, boost local manufacturing
 "Govt plans to set up hubs for manufacturing medical devices, bulk drugs")
Regulation of medical devices set for overhaul to improve quality, safety
Health ministry has issued a draft notification to define all medical devices under Drugs and Cosmetics Act
 "Regulation of medical devices set for overhaul to improve quality, safety")
Govt sets up a separate advisory board for medical devices sector
This will be on the lines of the Drugs Technical Advisory Board (DTAB), which looks into issues in the pharmaceuticals sector
 "Govt sets up a separate advisory board for medical devices sector")
Domestic medical device makers seek 15% price preference in public tenders
AIMED has noted that India is 70 per cent import-dependent in medical devices, and 90 per cent in medical electronics
 "Domestic medical device makers seek 15% price preference in public tenders")
