Model Economic Township or MET City, a wholly-owned subsidiary of Mumbai-based Reliance Industries said it was developing a world-class greenfield smart city near Gurugram, Haryana in the Delhi National Capital Region. In this industrial township, Tokyo-based manufacturer of medical devices Nihon Kohden Corporation will build its largest facility in India....
India’s Glenmark Develops Novel Oncology Therapy
Mumbai-based Glenmark Pharmaceuticals announced that its subsidiary Glenmark Specialty received approval from the Indian drug regulator, Drug Controller General of India (DCGI), to conduct a Phase 1 clinical trial of its novel small molecule, GRC 54276. It also plans to file an Investigational New Drug program in the U.S. along...
Indian Company Pushes to Manufacture Semiconductors
At a time when the U.S. and EU are aiming to increase their chip manufacturing industries, India is also making strides toward becoming a serious player in advanced manufacturing. With Mumbai-headquartered Vedanta Group signing pacts with a number of Japanese technology companies to develop an Indian semiconductor and glass display...
Fujifilm to Build Health Screening Service in India
Japanese multinational Fujifilm Corporation has chosen India as a base to try out and fine tune a healthcare screening service model to be developed into a global chain of artificial intelligence-driven preventive healthcare screening centers in the coming year. Branded NURA, the company has opened two centers that offer AI-aided...
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....
Australia’s Airphysio Launches its Respiratory Devices in India
AirPhysio, the Australia-made respiratory device that helps clean the lungs of mucus and pollutants, partnered with Medsmart, distributor of healthcare equipment, and Apollo Hospitals, to make its devices available in India. AirPhysio, short for Airway Physiotherapy, is a drug-free hand-held Oscillating Positive Expiratory (OPEP) device that: Vibrates the airways, which...