Chicago, Illinois-based Abbott Laboratories introduced a new cardiac test in India. The company said that this test can detect very low levels of troponin and can be used to determine cardiac risk in people with no reported symptoms of heart disease, providing better predictive information for determining a person’s chances...
U.S. to India: Revise Stance on Capping Med Device Prices
The Government of India has limited retail prices of medical devices such as knee implants and heart stents by up to 75 percent to make them more affordable, but the $5 billion Indian medical-technology industry that includes Abbott Laboratories, Boston Scientific Corp, and Johnson & Johnson, among others, has protested these...
Indian Stents Gaining Global Market Share
Surat, in the western Indian state of Gujarat, is typically known for the diamond cutting business. The inventor of a laser cutter machine in the 1980s that was widely adopted by local gem cutters, decided to modify the technology to cut metal tubes to make coronary stents. This expertise in manufacturing...
India: A Golden Opportunity for Global Manufacturing
Prime Minister Modi’s government is making an all-out effort to simplify and clarify labor laws and land acquisition regulations to ensure that India becomes more investor-friendly. New labor reforms announced in October seek to ease existing employment rules to boost manufacturing and job creation in the country. “For the success...