The F.D.A's Center for Devices and Radiological Health designated an invention developed by Dr. Rajah Vijay Kumar as a "breakthrough device" in the treatment of liver, pancreatic, and breast cancers. Gaithersburg, MD-based Shreis Scalene Sciences LLC presented the device to the USFDA which released a communique that said, "We are...
India’s Mazumdar-Shaw Establishes Kidney Cancer Initiative at Sloan Kettering
"I am profoundly grateful to Mrs. Mazumdar-Shaw for her generosity and vision in establishing the Mazumdar-Shaw Translational Research Initiative for kidney cancer at Memorial Sloan Kettering Cancer Center (MSK). Your gift has significantly boosted our research programs and will help us expand our decades-long work of leading global clinical studies...
India's Bharat Electronics Teams with Hughes Network Systems
Hughes India, majority owned subsidiary of Germantown, MD headquartered Hughes Network Systems, LLC, entered into a Teaming Agreement with state-owned Bharat Electronics Limited for the design, development, supply, installation, integration, and commissioning of Satellite Communication solutions for helicopters. This Agreement will enable India's Ministry of Defense's strategic users to get...
Indian Company Acquires Two U.S. Life Science Companies
Chennai, India-based TAKE Solutions Limited, a business technology company focused on life sciences and supply chain management, will acquire two U.S.-based companies: KAI Research for $27 million, and clinical research and functional service provider DataCeutics Inc. for $45 million, both in cash. Rockville, MD-based KAI Research is a full-service contract...
Investors Bullish on India's Logistics Sector
Promoted by Singapore headquartered private equity investor Everstone Capital and Annapolis, MD-based Realterm Global, IndoSpace Logistics Parks , closed its third logistics real estate fund at $1.2 billion. With this fund raise, the Mumbai-based developer of industrial and warehousing facilities has over $3.2 billion worth of assets under management. IndosSpace has formed a strategic...
Lockheed Martin Will Make Wings for F-16 Warplanes in India
In partnership with India's Tata Advanced Systems Ltd., Bethesda, MD headquartered Lockheed Martin will manufacture wings for all global F-16 customers at a facility in India, the company's Fort Worth-based aeronautics division said. The jointly managed facility will be based in Hyderabad, India, and will form part of a planned...