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    • Cipla to acquire 11.71...

    Cipla to acquire 11.71 percent stake in Wellthy Therapeutics

    GarimaWritten by Garima Published On 2019-02-20T14:55:33+05:30  |  Updated On 16 Aug 2021 2:28 PM IST

    New Delhi: Drug major Cipla Monday said it has inked a pact to acquire 11.71 per cent stake in Wellthy Therapeutics. Golden cross Pharma, a wholly-owned subsidiary of Cipla, has inked an agreement to acquire the minority stake in the Mumbai-based firm for a cash consideration of Rs 10.5 crore, Cipla said in a regulatory filing.


    As part of the deal, the partners plan to offer a combination of pharmacotherapy and digital therapeutics for improved patient outcomes in the chronic therapies of Diabetology and cardiology, it added.


    Read Also: Cipla, Wellthy Therapeutics enters partnership to offer Digital Therapeutics for Diabetes and CVDs


    Under the agreement, a multi-lingual clinically-validated digital disease management platform will be made available to patients living with diabetes or cardiovascular diseases via doctors' clinics or co-packaging on select Cipla brands.


    The platform brings together behavioural science, real-world clinical evidence and artificial intelligence to provide real-time monitoring, coaching and advice to patients, and virtual clinical assistance to doctors.


    "The future of health care will be driven by increased use of technology, and this partnership gives Cipla the ability to offer this combination of prescription drugs and artificial intelligence-powered digital therapeutics to patients in cardio-metabolic health," Cipla Managing Director & Global Chief Executive Officer Umang Vohra said in a statement.


    Read Also: Cipla completes 1st tranche of acquisition in US-based Avenue Therapeutics


    By pairing Cipla's pharmacotherapy strengths with the digital approach to health care taken by Wellthy Therapeutics, the drug firm will add to its diversified portfolio in the cardio-metabolic area to provide holistic care to patients from awareness, diagnosis and compliance to well-being, he added.


    "With the combination of Cipla's world-class formulations and clinically validated digital therapeutics of Wellthy Therapeutics, we look forward to helping empower and inspire millions of patients to achieve better, sustainable health outcomes," Wellthy Therapeutics Co-founder & CEO Abhishek Shah said.


    The transaction is expected to close before March 10.


    Read Also: Bio-Thera partners with Cipla to market key cancer biosimilar

    Abhishek ShahcardiologyCardiovascularCEOchronic therapiesCiplaCipla's pharmacotherapydiabetologyDigital TherapeuticsDrug major CiplaGolden cross Pharmahealth careNew DelhipharmacotherapyUmang VohraWellthy Therapeutics
    Source : PTI

    Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2020 Minerva Medical Treatment Pvt Ltd

    Garima
    Garima

      Garima joined Medical Dialogues in the year 2017 and is currently working as a Senior Editor. She looks after all the Healthcare news pertaining to Medico-legal cases, MCI/DCI decisions, Medical Education issues, government policies as well as all the news and updates concerning Medical and Dental Colleges in India. She is a graduate from Delhi University. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751 To know about our editorial team click here

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