Strengthening its presence in India, New Balance has opened three new stores in Bangalore. The outlets are designed to provide an immersive retail experience, blending craftsmanship with technology. Headquartered in Boston, and led by president and CEO Joe Preston, New Balance is a privately-held, family-owned company with a global footprint....
India to Set Up New Consulates at Boston, and LA
Yesterday, Indian Prime Minister Narendra Modi announced a new Indian Consulate in Los Angeles during his address to Indian Americans in New York's Nassau Veterans Coliseum. I led community efforts to establish this consulate in Los Angeles, and highlighted the strategic importance of the city noting that it is the...
India Gets Recognition as a Global Clinical Trials Hub
India is rapidly emerging as a premier global destination for multinational pharmaceutical companies to conduct clinical trials. This marks a significant shift in the industry landscape, driven by India's simplified, accessible, and expedited clinical trial processes. Over the past decade, India has experienced substantial growth of 15-18% in Phase 2...
Advent International Buys India’s Suven Pharma
Boston, MA headquartered private equity firm Advent International completed its acquisition of a majority stake in India's Hyderabad-based Suven Pharmaceuticals, a contract research and manufacturing services (CRAMS) company. The company announced changes to Suven's board. which will now be led by Annaswamy Vaidheesh as Executive Chairman, V. Prasada Raju as...
Sonde Health Raises $19.Million for Voice-Based Health Monitoring
Boston, MA headquartered AI vocal biomarker company Sonde Health raised a $19.25 million Series B investment round led by Seoul-based venture capital firm, Partners Investment. Others that invested were NEOM Company, KT Corporation, and existing investors, including co-founder PureTech Health and M Ventures. The company raised $35.25 million in total....
India’s Excelra Takes Ownership in Boston-Based Anlitiks
Hyderabad India-headquartered Excelra, a global Data and Analytics provider for Life Science organizations, announced a strategic majority investment in Anlitiks, aechnology company in the value and evidence domain. This move reinforces Excelra’s footprint into the Health Economics and Outcomes Research (HEOR) and Real-World Evidence (RWE) analytics area. The deal will...