This page shows you the latest news items in this category.
Total 484 results found since Jan 2013.
Torrent in talks with Apollo to borrow up to $1 billion for Cipla bid, sources say
Torrent has also been in talks with CVC Capital Partners and Bain Capital who might become equity partners in a consortium and contribute as much as a combined $1.5 billion to the deal, sources have said.
Source: The Economic Times Healthcare and Biotech News - September 19, 2023 Category: Pharmaceuticals Source Type: news
Torrent Pharma looks to tie up with CVC Capital to fund Cipla purchase
Torrent Pharmaceuticals is in advanced talks with CVC Capital Partners to raise at least $1.2-1.5 billion for its proposed acquisition of rival company Cipla. Torrent is also engaged with Brookfield to raise $1-1.2 billion in mezzanine debt. The company's founders, the Sudhir and Samir Mehta family, are seeking to dilute equity and create a non-disposable undertaking (NDU) using their shares as collateral for loans.
Source: The Economic Times Healthcare and Biotech News - September 18, 2023 Category: Pharmaceuticals Source Type: news
Parliament must do better on Artificial Intelligence and Data Act
Nicole Janssen is co-chief executive officer of AltaML, Mike Murchison is CEO of Ada Support, Louis Tetu is CEO of Coveo and Laurent Carbonneau is director of policy and research at the Council of Canadian Innovators. They have been collaborating on CCI’s policy report: A Roadmap for Responsible…#nicolejanssen #mikemurchison #adasupport #louistetu #coveo #laurentcarbonneau #cci #houseofcommons #aida #parliament
Source: Reuters: Health - September 17, 2023 Category: Consumer Health News Source Type: news
The Flaw in Apple ’s Plan to Make Chips in Arizona
In December last year, Apple CEO Tim Cook traveled to Phoenix, stood with President Joe Biden in front of a high-profile factory Taiwan Semiconductor Manufacturing Co. was constructing and said the facility would produce chips for the iPhone maker. The comments seemed to commit Apple to aid…#apple #timcook #phoenix #iphone #taiwan #arizona #nvidia #amd #tesla #tsmc
Source: Reuters: Health - September 12, 2023 Category: Consumer Health News Source Type: news
Why Torrent Pharma is ready to go ahead with the daunting Cipla deal
Ahmedabad-based Torrent Pharma is seeking financing for a deal with Indian pharmaceutical company Cipla. Torrent Pharma is interested in buying out the Hamied family's 33.47% stake in Cipla, which is valued at around $4.07 billion. The deal would be the largest in the domestic pharma industry, with a total outlay of approximately $7.3 billion. Torrent Pharma is in talks with several private equity funds, shadow banks, and foreign banks to secure funding for the acquisition. If successful, the deal would give Torrent Pharma a significant share in the market and broaden its operations.
Source: The Economic Times Healthcare and Biotech News - September 11, 2023 Category: Pharmaceuticals Source Type: news
Bain dials Dr Reddy's Laboratories to team up for joint Cipla bid
Private equity firm Bain Capital has approached Indian pharmaceutical company Dr Reddy's Laboratories (DRL) to explore a joint bid for the promoters of Cipla, the Hamied family. DRL is evaluating the opportunity and countering an offer from Torrent Pharma, another Indian investor. If DRL decides to participate, the combined entity would become the leading Indian-origin pharma major at home and in the US and emerging markets.
Source: The Economic Times Healthcare and Biotech News - September 5, 2023 Category: Pharmaceuticals Source Type: news
qBittorrent Web UI Exploited to Mine Cryptocurrency: Here ’s How to Fix
qBittorrent is one of the most popular torrent clients around but taking time to properly configure security surrounding its web interface shouldn't be overlooked. A combination of unchanged default credentials and UPnP settings allowed an attacker to install Monero mining software on a user's PC.…#bittorrent #github #proxmoxve #proxmox #lxc #upnp #ssh #plextautulli #emby #jellyfin
Source: Reuters: Health - September 2, 2023 Category: Consumer Health News Source Type: news
Torrent in top gear to close out Cipla buyout, in talks with PEs, banks for funds
Rival contenders Blackstone, Baring Asia hit pause mode as Cipla valuations soar. Torrent taps PE funds like Warburg Pincus, CVC among others to raise around $1 bn before submitting binding offer by early October.
Source: The Economic Times Healthcare and Biotech News - September 1, 2023 Category: Pharmaceuticals Source Type: news
Torrent Pharma says it has no disclosure to make now on potential Cipla stake buy deal reports
Torrent Pharma has stated that it does not have any information to disclose under listing regulations, in response to reports about the company's talks to acquire a stake in Cipla. While the company did not deny the developments, it mentioned that it does not comment on speculative reports without verified data. Torrent Pharma is reportedly making efforts to secure financing for the acquisition.
Source: The Economic Times Healthcare and Biotech News - September 1, 2023 Category: Pharmaceuticals Source Type: news
Shein ' s rise: How the wildly popular brand became the most feared fast-fashion retailer in the world and now could be sold in Forever 21 stores
TV personality Sofia Suescun attends a Shein event in Ibiza, Spain. Influencers have helped boost the fast-fashion brand's popularity. Xavi Torrent/Getty Shein is a fast-fashion retailer that produces thousands of garments and accessories at a rapid pace. In 2022, the company was worth $100…#sofiasuescun #shein #ibiza #spain #xavitorrent #genz #tiktokers #amazon #sheinside #chrisxu
Source: Reuters: Health - August 24, 2023 Category: Consumer Health News Source Type: news
Torrent Pharma says US FDA issues 'EIR' for company's manufacturing facility
Torrent Pharmaceuticals on Thursday said that the US Food and Drug Administration (US FDA) has issued an Establishment Inspection Report ( “EIR”) for the company's manufacturing facility at Dahej, Gujarat. EIR means closure of inspection.
Source: The Economic Times Healthcare and Biotech News - August 24, 2023 Category: Pharmaceuticals Source Type: news
Torrent joins fray for Hamied family stake in Cipla, up against Blackstone and Baring PE
Torrent Pharma is reportedly vying to acquire the Hamied family's stake in Cipla, which could become the largest pharmaceutical deal since 2014. If successful, the deal could create India's second-largest drugmaker by revenue. Other potential buyers include Blackstone and Baring PE Asia-EQT. Torrent Pharma is said to be forming a consortium with private equity funds and has approached multiple lenders for funding.
Source: The Economic Times Healthcare and Biotech News - August 23, 2023 Category: Pharmaceuticals Source Type: news
Pennsylvania Study Suggests Links Between Fracking and Asthma, Lymphoma in Children
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(HARRISBURG, Pa.) — Children who lived closer to natural gas wells in heavily drilled western Pennsylvania were more likely to develop a relatively rare form of cancer, and nearby residents of all ages had an increased chance of severe asthma reactions, researchers said in reports released Tuesday evening.
The taxpayer-funded research by the University of Pittsburgh adds to a body of evidence suggesting links between the gas industry and certain health problems.
In the reports, the researchers found what they called significant associations between gas industry acti...
Source: TIME: Health - August 16, 2023 Category: Consumer Health News Authors: MARC LEVY / AP Tags: Uncategorized healthscienceclimate wire Source Type: news
John Bolton Says Biden ' s Policy Only Assures Ukraine ' s Slow Demise
John Bolton Says Biden's Policy Only Assures Ukraine's Slow Demise Well known uber-Hawk and former National Security Advisor John Bolton has blasted the Biden White House's Ukraine policy, describing it as but an approach assuring Ukraine' slow demise. Despite the well over $100 billion in aid…#johnbolton #ukraine #nationalsecurity #pentagon #epa #shutterstock #russian #f16s #kremlin #borisjohnson
Source: Reuters: Health - August 14, 2023 Category: Consumer Health News Source Type: news
A.I. Will Eventually Impact Your Job & Workplace Life
This article focuses on what you could expect in your work situation for now so you can prepare for it. You may want to brush up on the basics of artificial intelligence…#goldmansachs #postcovid #generativeai #llm #ruthschimelphd #choosecourage #amazon #happiness
Source: Reuters: Health - August 13, 2023 Category: Consumer Health News Source Type: news
