Carrying the Make In India program forward, the India's federal government has approved four medical device parks in the country. According to The Hindu newspaper, the medical parks (manufacturing zones) aimed at enabling world-class treatment at affordable prices will be established in Andhra Pradesh, Telangana, Tamil Nadu and Kerala. Besides these...
Indian stent-maker acquires majority stake in Zarek, Brazil
Sahajanand Medical Technologies (SMT), based in Gujarat, India has acquired a majority stake in Brazil-based medical devices solution provider Zarek Distribuidora De Produtos Hospitalares for an undisclosed amount. SMT made the acquisition through its Irish subsidiary. Established in 2007, Zarek’s product portfolio includes interventional cardiology and endovascular products such as coronary...