Police in Uttar Pradesh have detained another person in connection with a kidney transplant racket, revealing possible international links and involving unqualified practitioners across multiple towns. The investigation has led to several arrests and the shutdown of a hospital.
Uttar Pradesh Police have detained another person in connection with a kidney transplant racket, revealing a network with possible international connections and involving unqualified practitioners. The investigation spans multiple states and involves foreign nationals.
A widening probe into an illegal kidney transplant racket in Kanpur has uncovered a shocking nexus involving unqualified individuals, private hospitals and a suspected multi-state and possibly international network.
Police in Kanpur have arrested two operation theatre technicians in connection with an illegal kidney transplant racket, bringing the total number of arrests to eight. The investigation has revealed links to a multi-city network, with authorities widening their action against hospitals allegedly involved.
PharmEasy has acquired Medlife for an undisclosed amount, the e-pharmacy unicorn said on Tuesday. The deal will make PharmEasy the largest player in the domestic online pharmacy sector, with the combined entity set to serve 2 million customers a month.
There are several discussions going around in the e-health sector for consolidation with key players being PharmEasy, 1mg, Medlife and Netmeds. According to reports, Reliance Jio is in talks with Netmeds to acquire the latter.
Most firms operating in the space claim that they have seen at least a two-fold rise in orders as compared to other times.
From consulting firms to tech and detergent companies, brands are busy swatting away online crusaders. In the fraught times we live in, it is not just religion that stokes the fires of controversy. In such instances, it may be best to take the trolls head on.
Once stability returns to the secondary market, companies that have obtained approval from Sebi will start tapping the market.
The online pharmacy market, which was worth about $512 million in 2018, is growing at a CAGR of 63 per cent and is expected to hit overall revenues of over $3.6 billion by 2022.
Sensing a huge opportunity in the healthcare sector during the Covid-19 pandemic and its aftermath, private equity (PE) players are upping their investments in the space. According to data from research platform VCCEdge, the PEs have together invested a staggering $583.82 million in the first five months of 2021 in five deals, which is the highest investment in the sector in the last five calendar years - from 2016 to 2020. The second highest investment in the sector took place in 2017, when PEs invested $503 million in 18 deals, with an average deal size of $29. 9 million.
The legal regime does not permit home delivery of medicines, tough owing to situation of COVID-19 pandemic and an emergency-like situation, the government allowed the home delivery of medicines but it was meant for only neighbourhood pharmacies, AIOCD said.
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