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Piramal Pharma Ltd. witnesses impressive surge in shares with first profitable quarter in three quarters

Shares of Piramal Pharma Ltd. surged more than 13% following the announcement of its first profitable quarter in three quarters. The positive financial results were attributed to the notable growth in the company’s contract development and manufacturing organisations, as well as its complex hospital generics segments. According to official company disclosures, these segments witnessed a sequential increase of 26% and 37%, respectively. The encouraging financial performance of Piramal Pharma Ltd. in the March quarter led to a significant boost in the company’s stock value.

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According to Business Wire, global Healthcare Industry will be worth $12T by 2022. Healthcare is vast and highly fragmented with a mix of public and private players. It comprises healthcare providers such as hospitals, pharmaceuticals, and related life sciences. Digitisation and Post-Covid world are set to transform the healthcare industry in the coming decade. Top 5 trends include: Personalisation of patient care, new healthcare delivery models, convergence of food and health, increased global collaboration, and cloud-based electronic health records. HealthGeniuses.com is a business newsletter that curates latest innovations and disruptions in the Top 5 healthcare industry trends above from 100+ journals globally. Sign up to our weekly newsletter
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According to Business Wire, global Healthcare Industry will be worth $12T by 2022. Healthcare is vast and highly fragmented with a mix of public and private players. It comprises patients and healthcare providers such as hospitals, pharmaceuticals, and related life sciences.

Digitisation and Post-Covid world are set to transform the healthcare industry in the coming decade. Our weekly business newsletter covers innovations and disruptions in the Healthcare industry with global coverage.

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