Hyperfine Inc., a health technology company based in Guilford, CT, has secured regulatory approval from India’s Central Drugs Standard Control Organization (CDSCO) for its Swoop system (depicted below). This authorization allows for the commercialization of the portable, ultra-low-field, AI-powered, magnetic resonance brain imaging system capable of providing imaging at multiple...
India to Be Maintenance Hub For U.S. Navy Assets in the Indo-Pacific
India will serve as a maintenance hub for U.S. Navy ships in the Indo-Pacific, according to a joint U.S.-India statement issued on the sidelines of G20 in New Delhi. President Joe Biden and Prime Minister Narendra Modi highlighted the signing of a Master Ship Repair Agreement between the U.S. Navy...
Aridis Pharma Enters Option Agreement with Serum Institute of India
San Jose, CA headquartered Aridis Pharmaceuticals entered into an option agreement with Serum International BV (SIBV), -- an affiliate of Pune-based Serum Institute of India, Ltd., -- the world’s largest vaccine manufacturer by dose units. The deal grants SIBV the option to license multiple programs from Aridis and access its...
CX Partners To Buy $100 Million Stake in India’s Cremica
CX Partners, an investor group, is set to acquire a 48% stake in India based Mrs. Bector's Food Specialties, Ltd., also known by its brand name Cremica, for $100 million. The consortium, which includes some international limited partners, will buy out the shares held by Motilal Oswal Private Equity Advisors...