Category — Biotechnology

Siemens Launches Mobile Diagnostic Device in India

Siemens Healthineers,  part of the Siemens Group, launched a device that embeds mobile technology with diagnostics in India.

“We have signed an exclusive agreement with Jana Care for Aina, a blood monitoring system. It will be the world’s first smart phone-based diagnostic system, which will enable detection and management of chronic diseases such as diabetes and cardiac conditions,” said Anuj Dhingra of Siemens Healthineer. Jana Care is a Bangalore-based diabetes care company.

Aina Device

Meaning ‘mirror’ in Hindi, Aina offers a broad range of tests such as HbA1c glucose, hemoglobin and a lipid profile on a single platform covering immunoassay, enzymatic or chemical affinity. Aina is available in two configurations–a smart phone-based device and tablet-based portable lab system. After connecting with the smart phone, it acts like a diagnostic testing device enabling real-time, lab-quality results within minutes, added Dhingra. A “Habits” app,  comes integrated with the Aina device,  serves virtual diabetes coach that helps patients reach their diet and exercise goals through personalized daily checklists which includes tips, tasks, lessons and quizzes.

This integrated diagnostics and disease management platform is approved for use in Europe, India, Singapore and Malaysia.

February 16, 2018   No Comments

Biocon India Receives US FDA Approval for Biosimilar

India’s Bangalore-based Biocon Ltd is the country’s first company to have a “biosimilar” approved in the U.S. for Roche’s drug Trastuzumab, marketed as Herceptin, and used in treating certain breast and stomach cancers.

Biocon Ltd.

Kiran Mazumdar-Shaw, the company’s chairperson and managing director said, “This was the first biosimilar for Herceptin approved by the US FDA. It was a proud milestone for us because there are competitors, including Pfizer, Merck and Amgen, with deeper pockets and more experience in developing and selling biologics, which says a lot about what our scientists have done. It’s recognition that India has the skills to develop such complex molecules. It puts India on the global map of biosimilars.”

The biosimilar, which will be sold under the brand name Ogivri, brings Biocon a step closer to building a truly original bio-drug, or ‘novel biologic’ for various markets. Biocon already has two novel biologics—Nimotuzumab for treating head and neck cancer and Itolizumab for treating psoriasis—that it markets in India, added Mazumdar-Shaw.

January 30, 2018   No Comments

NY-Based IFF Establishes Fragrance Factory in Andhra

New York-based International Flavors & Fragrances Inc.(IFF), broke ground on a flavors and fragrances plant located in Sri City, in the southern state of Andhra Pradesh in India. Part of a larger investment into the Greater Asia region, the plant is expected to be commercialized in December 2019. The new facility will be the largest manufacturing facility in India as also the largest IFF site in Greater Asia and will occupy a 32-acre plot to serve IFF customers across India and the region.

Andreas Fibig, chairman and CEO of the company said, “In this economically vibrant country, it is critical that we invest to provide our customers with winning tastes and scents. This new facility will be fitted with capabilities tailored for our customers’ needs.”

Andreas Fibig

Andreas Fibig, Chairman and CEO, IFF

Managing director for India, M.G. Prakash said, “IFF India has a rich talent pool that provides cutting-edge solutions to our customers for their flavor and fragrance needs. We are proud to be a part of the growth of the Indian economy and the communities where we operate. “

January 28, 2018   No Comments

Israel’s Netanyahu Hails “New Era” in Ties with India

Benjamin Netanyahu, the first Israeli prime minister to visit India in 15 years, accompanied by his wife Sara on a six-day visit to India, were given a warm welcome by Prime Minister Modi. Driving the growing ties is both leaders’ shared worldview for national-security and free-markets. Both see Israel’s technology-oriented economy as a natural fit for India’s, which needs innovation to improve everything from farming to healthcare.

The Prime Minister, Shri Narendra Modi and the Prime Minister of Israel, Mr. Benjamin Netanyahu during Press Statement, at Metanyahu and Modi at Hyderabad House, in New Delhi on January 15, 2018.

At a press conference in Hyderabad House, New Delhi on January 15, 2018

Netanyahu hailed a “new era” in ties with India as he signed a series of deals on cybersecurity, energy, biotechnology, agriculture, and defense during his first visit. Israel has given initial approval for Indian energy companies to explore oil and gas in the eastern Mediterranean. Bilateral trade has jumped from $200 million in 1992, when the two countries opened diplomatic relations, to $5 billion in 2017.

 

Sara and Netanyahu visited Gandhi’s Sabarmati Ashram in Ahmedabad, Gujarat, where Netanyahu tried his hand at a spinning wheel, a pastime Gandhi made popular while he was jailed during British colonial rule. They also visited the Taj Mahal in Agra, and attended a ceremony to name a square in New Delhi ‘Teen Murti’ in honor of the Indian soldiers who died in the fight to liberate Haifa from the Turks in 1918.

Netanyahu addressed the India-Israel Business Summit organized by the Federation of Indian Chambers of Commerce and Industry in  New Delhi. On his last night in Mumbai, Prime Minister Netanyahu partied with Bollywood bigwigs such as actor Amitabh Bachchan and director Abhishek Kapoor, and pitched Israel as a film destination: Not just because you can see the snow, the beach, the desert, the salty sea and a sweet-water lake within an hour’s drive, he said, but also because Israel has “great technology for businesses and big ideas.”

 

January 19, 2018   No Comments

India’s Rooftops to Boost Solar Power

India increased its rooftop solar power capacity in 2017 by more than the previous four years combined, adding 715 megawatts in rooftop photo-voltaic power and recording a compound annual growth rate of 117% since 2013. That makes solar the fastest-growing area of the country’s clean energy market, and solar rooftop panels are the fastest growing sub-sector of the renewables market in India.

The major boost can be attributed to the lowering cost of rooftop solar units in India, which has dropped by 50 percent in the last five years, making it cheaper than commercial and industrial power in the country. Now, setting up a rooftop solar system is cheaper in India than the global average by 39 to 50 percent.

Solar Panels

Solar Panels

Rural electrification is a key part of the Indian government’s plan to boost the economy, and Prime Minister Narendra Modi has promised to meet electrification goals by installing record amounts of renewable energy.

January 8, 2018   No Comments