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25 May 2018, Edition - 1046, Friday

FLASH NEWS:

  • This will be the prime minister’s first official visit to Indonesia and his second official visit to Singapore
  • The Sunanda Pushkar death case has been transferred to the Additional Chief Metropolitan Magistrate
  • JUST IN: Sunanda Pushkar’s murder case adjourned to 28th May
  • 3 days later, Tamil Nadu CM EPS surfaces, shocking: CM won’t condemn police firing, not a word for the Tuticorin victims
  • Thirteen people were killed in the police firing in the two days of clashes
  • Biennial elections to Maha Legislative Council results: BJP wins 2 seats, NCP 1
  • Power supply of sterlite plant disconnected, T.N govt disconnects power supply, cut due to non compliance of rules
  • Extortion threats to 12 U.P MLAs, demand: Pay up Rs 12 lakh each, Intel agencies begin probe

Coimbatore

PSG biomedical innovation centre opened; medical device industry can touch $50b by 2025

Covai Post Network

The medical device market in India has potential to reach $50 billion by 2025, according to PSG Institute of Medical Science and Research Dean Dr S Ramalingam. It was valued at $6.36 billion in 2013 and was growing annually at 15 per cent, he said at the inaugural function of the PSG Centre for Biomedical Innovation.

“The US is known to be a global leader in medical devices. Import constitutes almost 70 per cent of the Indian medical devices market. There is no competitive manufacturing base of medical devices here,” he said.

Managing Trustee L Gopalakrishnan was the chief guest at the function. He inaugurated the centre and said, “This centre brings together expertise and rigour in research, bioethics, regulatory sciences and medical domain knowledge and experience to help budding bio entrepreneurs with a scientifically valid, regulatory complying and swifter pathway to a product.”