Philadelphia's Drexel University alumnus Mihir Shah, and Matthew Campisi have created the iBreastExam scanner which is a hand-held device that enables health workers to perform breast health examinations in virtually any setting, not just hospitals. “Mammography isn’t feasible in India due to high equipment cost and the lack of radiologists,”...
Abbott to Set Up Innovation and Development Hub in India
Chicago, Illinois-based Abbott will set up an innovation and development center in Mumbai, India aimed at developing new drug formulations, new indications, dosing, packaging and other differentiated offerings to feed into its global branded generics business that clocked sales of $3.7 billion last year. The center will act as a...
In India, Netflix and Amazon Adopt Different Marketing Strategies
Amazon.com Inc., and Netflix Inc., have contrasting approaches in the way they pursue growth in India and internationally. Netflix debuted in India 10 months ago; however it does not believe in a physical presence in the various countries globally where it operates. This is because content making decisions are taken...
Everstone Capital Invests in Rubicon Research, India
The Singapore and India-based private equity firm Everstone Capital invested $33 million in contract research and drug delivery company Rubicon Research, in a bid to diversify its portfolio. Rubicon has a USFDA-approved manufacturing plant in Mumbai, and it provides solutions for bioavailability enhancement, gastric retention, taste masking, and customizing the...
Twitter Lays Off Engineering Team in India
Twitter is closing down its engineering operations out of Bangalore, India, and is laying off some 20 engineers in the process, the company confirmed to TechCrunch. The number is a very small percentage of its overall staff of 3,800 people internationally. The company will continue to operate three offices in...
Credit Suisse: Commodity-Intensive Growth Has Started in India
Swiss financial services company, Credit Suisse recently spent time in India to ascertain the status of mineral resources and commodities. “India looks to be firing at last,” was one of the headings in the bank’s report. The investigators had meetings with government agencies and companies in Delhi, Kolkata and Mumbai,...