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Suven Pharmaceuticals surges over 13% on merger proposal with Cohance Lifesciences

Suven Pharmaceuticals Ltd. witnessed a significant surge of over 13% in its shares, reaching their highest point in over a month, following the announcement of a proposed merger with Cohance Lifesciences Ltd. As per the scheme outlined in an exchange filing, upon the merger’s implementation, shareholders of Cohance will receive 11 shares of Suven for every 295 shares they hold in Cohance. The news propelled Suven Pharma’s shares on the NSE, where they rose by as much as 13.10%. This strategic move marks a significant development for both companies, potentially reshaping their future trajectories in the pharmaceutical industry.

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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.

HealthGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Consumer Goods and Healthcare. For each of these key industries, we support Tech Startups and Industry Disruptors as they roll out next generation digital initiatives.

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