Major fall in Covid cases in Ahmedabad

Times of India | 1 week ago | 02-08-2022 | 04:35 pm

Major fall in Covid cases in Ahmedabad

AHMEDABAD: The city recorded 46% drop in daily Covid cases on Monday and state 36% — one of the biggest in the past couple of months. Ahmedabad city recorded 172 cases and Gujarat 606 on Monday, whereas both the city and the state recorded a drop in active cases with higher discharges than the new cases. Gujarat had 6,413 active cases, of which 2,253 were from Ahmedabad. The city also recorded death of an active patient. The other cases included 75 in Mehsana, 48 in Vadodara city, 39 in Surat, 38 in Surat city, 27 in Gandhinagar and 25 in Vadodara among others. Only Narmada district out of state’s 33 districts remained Covid-free. tnn

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Hester Biosciences Ltd reports Net Profit of Rs. 3.56 crore and Revenues from Operations of Rs. 50.7 crore in Q1FY23
Ahmedabad Mirror | 1 day ago | 10-08-2022 | 07:02 pm
Ahmedabad Mirror
1 day ago | 10-08-2022 | 07:02 pm

August 10: One of India’s leading poultry and animal vaccine manufacturing companies, Hester Biosciences Limited, has reported a consolidated net profit of Rs. 3.56 crore and Revenue from Operations of Rs. 50.70 crores for the Q1FY23. Individually, the gross margins of the vaccines and the health products have been in line with the corresponding quarter; however, the overall margins have reduced due to the increase in the proportion of health products sales which have lower gross margins compared to vaccines. Health Products sales constituted 34% of the total sales in Q1 FY23, versus 20% in Q1 FY22.Hester Tanzania recently received regulatory approvals for four products, with two additional products under approval. Hester Tanzania has just started commercial operations, and Revenues are expected to start in Q2. Hester Nepal has registered a 16% growth in domestic revenues; however, there were no tender sales in the current quarter due to delays in tendering by FAO and other multilateral institutions.Going furtherThe company is confident of arresting the de growth in Q2 as well as hopes to improve the profitability as follows:On the vaccine side:The recent outbreak of Lumpy Skin Disease (LSD) in certain parts of the country since July 2022 is expected to result in additional sales in Q2 FY23.The Company was a successful bidder in a government tender for PPR vaccine for sheep & goats, the supplies for which will likely start from September 2022.On the Health Product side:It is our endeavour to improve the profitability. Over the next couple of quarters, Hester will focus on growing sales on the back of improving the sales productivity of the marketing team as well as launching new products and entering new territories.Petcare divisionThe Company launched a new division for Petcare during Q1 with ten products. Activities related to market development, field force establishment and product pipeline are ongoing. Petcare Division will emerge as a steady long-term growth driver, given the increasing adoption of pets in the country.Status on Hester’s initiatives in the Covid-19 vaccineThe Company, in consortium with Gujarat Biotechnology Research Centre (GBRC), Government of Gujarat (GoG), has entered into a term sheet agreement with Bharat Biotech India Limited to manufacture the Drug Substance for Covaxinunder the Mission Covid Suraksha Scheme of the Government of India.The project is to manufacture a Drug Substance equivalent to up to 7 million doses per month.The construction of the BSL-3 facility is nearing mechanical completion. Planning and preparation for commissioning are ongoing. The facility is expected to be ready for commercial operation in Q3FY23.This facility is a multi-purpose facility to handle other micro-organisms beyond Covid-19.Other developmentsThe Company is strengthening its new product vaccine pipeline by developing new vaccines like Classical Swine Fever (CSF), Sheep Pox and an improved version of Brucella vaccines.The bulk antigen production capacity expansion project is completed, and trial runs are ongoing. Expansion of Fill-Finish line capacity is expected to be completed by Q4FY23. These two expansions will double the production capacity of vaccines.The recent notification by the Government of India to allow the manufacture and sale of Avian Influenza Inactivated vaccine, the H9N2 strain, will contribute to our sales from Q3.

Hester Biosciences Ltd reports Net Profit of Rs. 3.56 crore and Revenues from Operations of Rs. 50.7 crore in Q1FY23
‘Lack of RTPCR report no ground to reject claim’
Times of India | 1 day ago | 10-08-2022 | 07:55 am
Times of India
1 day ago | 10-08-2022 | 07:55 am

RAJKOT: A consumer court in Rajkot ordered an insurance company to pay a woman Rs 2.33 lakh with interest after her claim for Covid-19 treatment was rejected as she did not attach an RTPCR or rapid antigen Covid positive report as mandated by the government. According to the case details, Sanya Wadhvani moved the Rajkot Consumer Dispute Redressal Commission after the Future Generali India Insurance Company rejected her claim in spite of her having a policy of Rs 5 lakh as sum insured (SI). In April 2021, Wadhvani suffered from fever, cold and breathing problems and the doctors advised her to undertake MACT scan of thorax. In the report she was diagnosed as Covid suspect and the doctors asked her to remain under home quarantine. However, Wadhvani's health deteriorated in the next five days and she had to undergo CT SCAN of her chest and as per doctors' advice, she was admitted to a Covid hospital on April 20. Wadhvani was finally discharged on May 2 and her treatment cost was Rs 2.33 lakh. On May 17, she put up a claim of her medical expenses before the insurance company and the company, through a letter, dated September 16, 2021, informed Wadhvani that her claim has been rejected. The company cited that she did not have an RTPCR or Antigen report which is mandatory as per government order and also a condition of the policy. Her advocate, Shailendrasinh Jadeja said, "We put the facts before the court that Covid-19 was at its peak at that time and there was a long waiting list for RTPCR tests. We did not have that much time to wait for the report as the patient required immediate medical attention. Also the doctors decided to proceed with her CT SCAN score." The lawyer further stated that the complainant relied on a judgment of the Supreme Court which stated that "the insurance company, while setting the claims, should not be too technical and ask for documents which the insured is not in a position to produce due to the circumstances beyond their control." After hearing the arguments, the commission Rajkot ordered the insurance company to pay the claim amount together with six per cent interest and Rs 5,000 towards legal expenses.

‘Lack of RTPCR report no ground to reject claim’
Rakhi sales at all-time high, beat pre-Covid sale
Ahmedabad Mirror | 1 day ago | 10-08-2022 | 06:00 am
Ahmedabad Mirror
1 day ago | 10-08-2022 | 06:00 am

The onset of the festive season this year, with Rakshabandhan on Thursday, has brought cheer to rakhi traders after washout Covid years of 2020 and 2021.President of Ahmedabad Cutlery and General Merchant (ACGM) Association Laxman Aswani said, “The rakhi business is part of our association and this year the sales have crossed the Rs 300 crore mark. Compared to 2019, sales had fallen by 50% in 2020 and 2021.”He further said, “Witnessing the high demand, many retail shops that never stocked rakhi are also selling it this year.”In another major development, manufacturing of rakhis has increased in Ahmedabad while import of rakhis from China has stopped, said retailers and manufacturers.Khema Nanda, one of the biggest rakhi traders in Sarangpur area, said, “This year we are registering brisk sales as people are emerging from fear of Covid. People want to indulge in festivities after a two-year Covid break.”Talking about festive cheer despite inflation and higher prices of rakhi this year, ACGM association’s vice president Amit Desai told Mirror, “The retail shops that usually sell gifts and cutlery have taken to selling rakhi in a big way. The outlets selling rakhis have doubled this year.”He added, “There would be more than 10,000 shops in Ahmedabad that are selling rakhis this year. Moreover, the sales figure is also high because traders are supplying rakhis to about 15-odd states in India.”Kolkata dominated the production of rakhis and continues to hold the top spot but Ahmedabad is fast catching up, said manufacturers. In fact, Ahmedabad is emerging as a competitive market.According to rakhi retailers in the city, this year rakhis from Rs 10 to Rs 25,000 are available in Ahmedabad shops. However, the ones from Rs 50 to Rs 150 are selling the most.Amit Patel, owner of Anand Rakhi Bazar in the Science City area, said, “We have been selling rakhis from Rs 10 to Rs 6,000 at our three outlets in the western part of the city. However, demand for Rs 50 to Rs 150 rakhis is the most. This year prices of rakhis have increased by 25% due to higher input cost and general rise in inflation.”

Rakhi sales at all-time high, beat pre-Covid sale
Mixed infections, hospitalizations up in Ahmedabad
Times of India | 3 days ago | 08-08-2022 | 07:36 am
Times of India
3 days ago | 08-08-2022 | 07:36 am

AHMEDABAD: With the rain taking a break and temperature dropping, cases of viral infections are up in the city, said city-based medical practitioners. More importantly, the number of hospitalizations have also gone up in the past fortnight compared to the preceding fortnight, they added. Dr Pragnesh Vaccharajani, a city-based general practitioner, said that while Covid cases have relatively reduced in the past few days, the overall viral fever cases have increased exponentially. "About seven out of every 10 patients have the same complaint of high-grade fever coupled with body ache/muscle pain. Due to several infections going on at the moment, we generally wait for a couple of days before advising tests," he said. "Conventionally, cases of malaria, dengue and chikungunya see rise after mid-August," he added. Dr Dhiren Mehta, a city-based general practitioner, said that testing, especially for swine flu, is not very common. "Only those patients who are admitted due to severe symptoms generally go for the test. But our friends in critical care field tell us that the cases are on the rise," he said. "The hospitalizations are also up. Most cases are senior citizens and paediatric patients who report constant high fever and severe body pain." Dr Jigar Mehta, a critical care specialist. He said that compared to the past three months, the Covid hospitalizations have gone up. Dr Minesh Mehta, a city-based intensivist, said that if the patient is diagnosed with pneumonia or other complications, they are advised hospitalization for observation and oxygen supply if required.

Mixed infections, hospitalizations up in Ahmedabad