“In three years, we want to be $1 billion in revenue,” says Valiveti Bhaskar, CFO, Opto Circuits. From its current revenue of nearly $440 million, that implies a growth of over 2.2 times. A stretch target like this would have been eminently possible in the past for Vinod Ramnani, 56,...
A Paper Microscope for India?
Dr Manu Prakash, of bioengineering faculty at Stanford Univeristy, received a $100,000 grant from Bill & Melinda Gates Foundation to promote the exploration of bold and innovative ways to improve global health. Prakash is a 2002 computer science graduate of the Indian Institutes of Technology. Prakash and his team in...
Boston-based physician introduces revolutionary triple-heart therapy in India
Artificial heart surgeon Dr. Mukesh Hariawala, is set to introduce a unique low-cost "triple heart therapy" in India to help patients with diabetes who cannot afford expensive bypass operations. "I am pleased that cutting edge Angiogenesis Therapy will help the non affording poor patients with heart disease in my motherland...
Sandvik to open Pune facility to serve medical device companies
Sandvik AB of Sweden will open a medical technology division in the city of Pune (100 miles inland from Mumbai) via its Indian subsidiary to provide manufacturing services for medical device customers. Sandvik is a supplier of materials and manufacturing services to medical device OEMs globally. The Sandvik Bioline medical...
Bangalore Buyer for Bothell medical device maker
Cardiac Science of Bothell, Washington has agreed to be acquired for $2.30 per share by a medical equipment company based in Bangalore, India. The all-cash deal represents a 10 percent premium to Monday's closing price of Cardiac Science shares, the companies said Tuesday. Opto Circuits (India) Limited of Bangalore, which...