Balwani is facing multiple counts of wire fraud and conspiracy to commit fraud. He and Holmes were both charged by the government in 2018 but were given separate trials. More than two months after Elizabeth Holmes was found guilty of fraud, the trial of her business associate and one-time romantic partner Ramesh “Sunny” Balwani has finally begun. Like Holmes, Balwani faces multiple counts of fraud related to the business practices of Theranos. During opening remarks, the prosecution painted Balwani, the company’s former president, as working hand-in-hand with Holmes as the duo fed false information to investors about its proprietary blood-testing…
Author: Biotech Express
Criminals saw crisis as an opportunity to sell more such products, taking advantage of vulnerability of people in need, ASPA president Nakul Pasricha says. Criminals saw crisis as an opportunity to sell more such products, taking advantage of vulnerability of people in need, ASPA president Nakul Pasricha says During the COVID-19 pandemic, incidents of substandard and falsified (SF) medical products increased by almost 47% from 2020 to 2021. Trade-in pharmaceutical counterfeits during this period spiked majorly relating to COVID-19 products, including vaccines, medicines, test kits, antibiotics, face masks and sanitizers. This, according to the latest report released by the Authentication…
Since the demand for energy is increasing day by day, the governments in major countries have started to explore options other than fossil fuels and to produce energy from alternative/renewable sources. The Government of India had set an ambitious target of 175 GW renewable power installed capacity by the end of 2022. This target aims to install a total of 10 GW worth of Bioenergy capacity. Bioenergy so far is especially prominent in rural India since agricultural residues such as straw and cow dung are easily available. As per the Ministry of New and Renewable Energy (“MNRE”), about 32 percent…
Bharat Biotech, has partnered with BIOFABRI, a Spanish biopharmaceutical company, to develop, manufacture and market a new tuberculosis vaccine MTBVAC in over 70 countries in Southeast Asia and sub-Saharan Africa. MTBVAC is the only live attenuated vaccine against Mycobacterium tuberculosis in development. It is currently being developed for two purposes: as a more effective and potentially longer-lasting vaccine than BCG for new-borns and, on the other hand, for the prevention of TB disease in adults and adolescents, for whom there is currently no effective vaccine. MTBVAC will start phase 3 clinical trials in Senegal, South Africa and Madagascar in the…
Fibroheal Woundcare has raised a venture debt funding of about $1 million (about Rs 7 crores) from Biotechnology Industry Research Assistance Council (BIRAC) under their PCP Fund (Product Commercialisation Fund) and the existing promoters and investors. The company intends to scale up its go-to-market capabilities, recruit more people on board and create an impact through the economic multiplier potential of silk protein and healing different types of acute, chronic, non-healing, slow healing, difficult-to-heal wounds including post-operative wounds. The company has a range of products catering to different types and stages of wounds which include sheets, mesh, foams, powder, particles and…
To start with, it is important to note that energy is neither created nor destroyed, it only changes forms. Ultimately we i.e. human use energy for whatever ways we can and using alternatives sources to meet demands. Consumption of energy is a huge part of our day to day living. We eat with energy, we travel with energy, we work with energy and many more. This makes the availability of energy very necessary for humans. Energy means the capacity to do work. It exists in various forms such as mechanical energy, kinetic energy, potential energy, sound energy, etc. It just…
The Indian Institute of Science (IISc) on Thursday entered into a memorandum of understanding with philanthropist and entrepreneur Ajit Isaac and his wife, Sarah Isaac, who have donated Rs 105 crore for establishing a centre for studying public health. It will be named Isaac Centre for Public Health. The centre will offer dual-degree programmes Master of Public Health-PhD (5-6 years) and Master of Public Health-MTech (3 years) to nurture education and research in the area of public health. It will be operational by 2024 and will encourage students to pursue careers in clinical research to develop new treatments and healthcare…
An affidavit filed by Tamil Nadu Government in the Supreme Court makes the questionable, and scientifically false, claim that the unvaccinated can spread the virus, but not the vaccinated. Covid-19 vaccines have brought hope to many, especially the elderly and the vulnerable, in reducing their risk of severe Covid. However, several authorities in India have been resorting to coercive techniques, even as the Central Government has clearly said that there is no provision for coercion. Notwithstanding the benefit of vaccination, coercive techniques are legally as well as ethically questionable. The United States Supreme Court recently struck down President Biden’s workplace…
Vipasha Verma*, Meenakshi Thakur, Bhavya Bhargava and Gaurav Zinta Affiliation: CSIR-Institute of Himalayan and Bioresource Technology, Palampur Corresponding author email: vipasha.verma@yahoo.com Flowers are the most beautiful creation of God. Their sight is a joyful feeling. The sweet smell of flowers makes the air pleasant to breathe. Flowers add colour to rooms or gardens and mend the quality of life. They are of various colours and hues. Even the same species of flowers exist in several forms and tinges. Cut flowers, namely rose, lily, chrysanthemum, lisianthus, tulip, gerbera, freesia, alstroemeria, carnation and hydrangea, carnations, and chrysanthemums, are commercially important and…
The emails also indicate that Dr. Anthony Fauci flagged an article citing scientific studies was “decades-old research.”The Biden administration didn’t have data on students’ learning loss when the Centers for Diseases Control and Prevention (CDC) issued its COVID-19 school reopening guidance, internal emails show. The emails also indicate that Dr. Anthony Fauci flagged an article citing scientific studies disputing the need for students to stay 6 feet apart, noting that the rule appeared to be based on “decades-old research.” Additionally, the CDC denied a Harvard University public health expert’s request for state-level vaccine distribution data, which she needed for her…