Operation buyout: KKR, TPG, and other PE firms eye purchase of India's largest cardiac stent maker SMTMorgan Stanley PE Asia and Samara Capital collectively own 49% of the company while Kotak Pre IPO Opportunities Fund holds 6%. The Kotadias...
20 Aug, 2024, 11.47 AM IST
Everstone to merge two healthcare companies, list combined firmEverstone Capital, a Pan Asia private equity fund, is merging Translumina Therapeutics, a major cardiac stent maker in India, as part of a ...
25 Jun, 2024, 12.50 AM IST
MedAlliance acquired by Cordis for $1.13 billionSwiss-based medical technology company MedAlliance has announced acquisition by Cordis for $1.13 billion. Cordis will play a pivotal role i...
18 Nov, 2023, 02.53 PM IST
Innvolution secures growth capital from OrbiMed to advance R&D, expand product line and enter global marketsInnvolution has recently received substantial growth capital from OrbiMed, an investment firm dedicated to healthcare
12 Apr, 2023, 05.21 PM IST
We aim to emerge as a global leader in life-saving devices, says Manish Doshi, founder of Concept MedicalConcept Medical is driving innovation with a focus on developing newer technologies.
19 May, 2022, 09.47 AM IST
Stent maker Sahajanand to sell 30% stake, eyes $300 mn valuationEstablished in 1998, SMT develops and manufactures cardiac products that are sold in 75 countries. Its portfolio includes coronary stents (...
13 Jul, 2020, 03.49 PM IST
Concept Medical Inc. granted Breakthrough Device designation from FDA for its MagicTouch Sirolimus Drug Coated Balloon{image_1} Concept Medical Inc CMI has been granted ‘Breakthrough Device Designation’ from the US Food and Drug Administration FDA for Magic...
02 May, 2019, 07.55 PM IST
Surgical strike! Prices of drug eluting stents cutCoronary stents are wire mesh tubes inserted into coronary arteries to clear blockages and prevent heart attacks.
13 Feb, 2018, 09.00 AM IST
Drug eluting stents expected to get cheaperThe maximum price that patients should pay for drug eluting, bioresorbable vascular and biodegradable coronary stents was reduced to Rs 27,...
12 Feb, 2018, 09.39 PM IST
Domestic stent manufacturer SMT raises Rs 250 crore from Morgan Stanley PE & Samara CapitalThe proceeds from the transaction will be used to finance SMT’s strong organic growth, achieve synergistic acquisitions and build an aggres...
10 Jan, 2018, 11.26 AM IST
Cardiological Society of India urges govt to involve it in the process of fixing stent pricesIn a letter to the secretary in the health ministry, the 4,500-member grouping has suggested that stents should be considered under differe...
24 Sep, 2016, 04.03 AM IST
First world's discarded medical devices flood Indian marketsComplaints are coming in from the developing world about medical devices being 'dumped' or 'sold at inflated prices' by first-world countri...
26 Mar, 2015, 11.17 AM IST
Insurers in spot as medical advances push up treatment costsPolicy holders are opting for new procedures that are less painful and ensure faster recovery but cost substantially more.
07 Oct, 2013, 11.06 AM IST
Opto Circuits inks licensing pact with BiosensorsOpto Circuits India said it has entered into an agreement with Biosensors for its drug eluting balloon range used for treatment of cardiac ...
31 May, 2013, 07.32 PM IST
- New generation of drug-coated stents introduced
After successful clinical studies in Europe, a new generation of drug-coated stents have been introduced for the first time in India at the...
08 Sep, 2008, 04.21 PM IST
- Networth puts 'buy' on Opto Circuit India; target Rs 429
Networth Stock Broking has initiated coverage on Opto Circuit India with a 'buy' recommendation and set a one-year price target of Rs 429, ...
24 Mar, 2008, 05.40 PM IST
- World Heart Day: Find tools that serve your heart
From diagnosis to treatment and prevention, modern medicine promises to offer cardiac patients not only increased longevity but also a bett...
24 Sep, 2006, 11.58 AM IST