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Multi billion-dollar suit filed against cell phone firm for causing brain tumours

In the United States of America, a lawyer- Peter Angelos, who won millions of dollars as compensation from the tobacco industry in Maryland, has announced that he is dragging Vodafone to court in a billion dollar suit. He is claiming compensation to cell phone users who are said to have developed brain tumours after using the instruments made by Verizon wireless. This case has raised eyeb...

Healthcare sector is now a multi billion-dollar industry in India

A Confederation of Indian Industry study has identified the health care sector in India as a potential gold mine. India is poised to develop into a 'regional healthcare hub' with the $17 billion healthcare industry growing at a rate of 13 per cent the study says. With a 16% increase in budgetary outlay the healthcare industry is poised to zoom ahead bringing with it big bucks as returns....

Biotechnology industry expected to grow into a three billion dollar industry by 2002

The biotech products market in India is expected to grow into a three billion dollar industry by 2002 according to a Rabo India finance report. The big leap is expected to triple the industry's size from its 1999 value of one billion dollars. Biogenerics, biopharmaceuticals, agriculture, food and nutrition sectors are all poised for the big leap, both nationally and internationally. Th...

European Countries To Fund $4 Billion For Vaccination For Poor Children’

International Finance Facility for Immunization (IFFIm) will be providing life saving vaccines for millions of poor children’s around the world with the project costing $4 billion to be funded by the European countries. // cBritish finance minister Gordon Brown said the scheme, the International Finance Facility for Immunization (IFF), would save the lives of some five million children ov...

Generic Drugs Usage In US Can Save $20 Billion – Express Script Surve

Though there is lot of controversies over the usage of Generic drugs in India and other countries.// Now US based company Express Script has done a survey to find out that usage of generic drugs in US could have saved $20 billion in 2004 which would be more in the future. Though it is well known that US policies are also governed by big companies which include pharmaceutical industries, w...

$35 billion needed globally for immunization

Globally $35 billion will be required for immunization in the next ten years to save an additional ten million lives//. The money will go towards reaching more children with basic vaccines, improving health care systems and introducing new vaccines such as those for pneumococcus, rotavirus, meningitis and Japanese encephalitis, a UNICEF and WHO report released here revealed....

UK Spends £7.3 Billion Annually On Malnutrition Cost

The British Association for Parenteral and Enteral Nutrition (BAPEN) has revealed that malnutrition costs the country over £7.3 billion annually. This is more than twice the cost incurred on obesity. In spite of this, the Government gives a low priority to malnutrition, according to BAPEN. Malnutrition is an imbalance, excess or // deficiency of nutrients which results in the body functi...

Indonesia urges a grant of $1 billion for bird flu

Indonesian Social Welfare Minister Aburizal Bakrie, has urged the international community to fund $ 1 billion as a grant to Indonesia to help them fight bird flu which has killed eleven people in their country//. Recently, the Indonesian President Susilo Bambang Yudhoyono launched the “Village Preparedness” project which involves more than million of villagers in a flu monitoring system w...

World Bank urges $ 1 billion to fight bird flu

Jim Adams, World Bank Vice-president has urged the world rich countries during a two day international donors conference which took place in Beijing to provide generous funds to fight bird flu as there// is an increased need of funds required by economically backward and developing countries to fight bird flu. World Bank estimates that more than $ 1.5 billion is required to fight bird flu...

World population To Be Seven billion in Six Years

The world population, which now stands at 6.5 billion and will touch the seven billion mark on Oct 18, 2012, at 4:36 p.m. Eastern Daylight Time, reported the science portal Live Science. With an average of 4.4 people added to the population every second, the world will be home to seven billion people six years from now.//According to a report issued by the International Programmes C...

MP Government Allocated Rs. 3 Billion For Women-Children Nutrition

The Madhya Pradesh government has allocated Rs.3 billion for providing a nutritious diet to undernourished women and children in the state//, Rs.1.9 billion more than the previous year. The main beneficiary would be children, adolescent girls and expectant and nursing mothers who will get the supplementary nutritious diet from mother and child welfare centres called anganwadis, said a...

Heart Disease Bill For NHS is £16 billio

Researchers from Oxford University's Health Economics Research Center say that heart disease costs the UK a staggering £29 billion each year.// This is a total of 18 percent of Britain's healthcare budget. The findings of the study are reported in the online edition of the journal Heart. The researchers said that healthcare accounted for 60 percent of the costs, 23 percent made lost p...

US $ 22 Billion Required Yearly to Fight AIDS: UN

United Nations. The United nation today announced that the world would require US $ 22 billion to fight the AIDS pandemic by the year 2008.// However, it is not sure from where the countries will get this huge amount. In its special session to address the issue of AIDS, UN members appreciated the efforts by the Indian pharmaceutical companies producing generic antiretroviral drugs whi...

NHS Billions Spent on High Cost Computer Scheme

Four years ago Tony Blair had lauded the initiation of a high profile, high-tech - and £6.2billion computer scheme that would link GPs and hospitals with the Britain’s 50 million patients//. Today however this grand scheme is yet to prove its worth. According to the first set grandiose plans, by 2005, X-rays lab reports and other test results would be delivered immediately to surgeri...

Billions of Pounds Squandered on NHS

A new report has alleged that tens of billions of pounds that have gone into the NHS have been wasted.// According to a study conducted by Civitas here has been “little or no evidence of improvement in NHS performance, which ranks among the worst in the developed world”. In addition it says, “Improvements have in no way increased in proportion to the vast sums ploughed in”. <b...

Billionaire’s Pet Projec

Billionaire Microsoft co-founder Paul Allen decided to make a genetic map of the mouse brain in 2002 with a fund of $100-million.// It was declared complete on Tuesday, with fine-tuned information on 3 000 active genes which scientists have been using it regularly for more than a year. Allen said that working with computers all his life made him appreciate the complexit...

Once a Lawn Mower, a Self-made Billionaire Makes a Lasting Gift to Virginia Tech

A self-made billionaire has announced a gift of $2 million to Virginia Tech, even though he did not complete his graduation from that college of engineering. // His philanthropy is the result of a long-term relationship with Paul and Dot Torgersen of Blacksburg, Va. When he was a youngster, he used to mow the Torgersen's lawn for some spending money. Today, that young man is the Chairma...

Smokers Cost Chinese Economy Billions

Smokers in China cost the country at least 250 billion yuan (about $31 billion) last year, the Beijing Evening News reported Friday.// According to a research report of China Centre for Economic Research of Peking University, the health costs associated with treating 23 smoking related illnesses was about 166.6 billion yuan, accounting for almost one percent of gross domestic product (G...

Health Care In Canada To Cost $148 Billion In 2006: Report

Health spendings by Canadians is estimated - $148 billion by the end of 2006, accounting to $4,548 per person – says a report from the Canadian Institute for Health Information// (CIHI). While, Health spending continues to outpace inflation and population growth, the pace of growth rate is slowing, says the CIHI in its annual report on health care spending trends released Tuesday....

Injuries Cost Hospitals $20 Billion

U.S. hospitals spend roughly $20 billion to treat the nearly 2 million Americans injured seriously enough each year to require inpatient care//, according to a new report by HHS’ Agency for Healthcare Research and Quality. Medicare and Medicaid are billed for almost half of all injury cases, and more than 12 percent of hospital stays of injured patients are uninsured. The federal repor...

China Contributes Billions to Root Out Animal Diseases

Beijing: An agenda released by the government has demonstrated China’s renewed commitment to check animal diseases. China has decided to invest 8.83 billion yuan (1.12 billion U.S. dollars) to control and prevent animal diseases. // The aim of the plan is to control animal diseases like bird flu, foot-and-mouth disease, by 2015 and possibly even root out these diseases completely. <...

Billions of Dollars Saved in U.S. By Polio Vaccination

A new study by researchers at the Harvard School of Public Health (HSPH) finds that polio vaccination in the United States //has resulted in a net savings of over $180 billion, even without including the large, intangible benefits associated with avoided fear and suffering. This first study to retrospectively demonstrate the enormous benefits of polio vaccination appears as part of a spec...

WHO States, “One Billion People Are Affected By Neurological Disorders

Neurological ailments varying from migraines to Alzheimer's disease affect almost one billion people across the world. This was reported// by WHO in ‘Neurological disorders: Public health challenges’. The report states that 24 million people are affected by disease like Alzheimer's and other dementias and 50 million are hit by epilepsy which requires far-reaching care. These issues are...

Food Industry in India to Grow to $310 Billion by 2015: CII

New Delhi: The Indian food industry is estimated to be worth over $200 million and is expected to grow to $310 billion by //2015, said the Confederation of Indian Industry (CII). The growth of the food industry is also going to give a major thrust to the already booming food retail industry, which is currently growing at nine percent. These issues and deliberations will all...

Export of Herbal Products to Reach Rs.120 Billion by 2012: Study

The export of herbal products and medicines has the potential to reach Rs.120 billion by 2012 from the current Rs.30 billion with the creation of exclusive export promotion zones (EPZ) across India, says a study. Herbal product exports can be accelerated with the setting up of EPZs in about 12 Indian states as their demand soars at a rate of over 25 percent in countries like the U...

Germany Pledges 5.4 Billion Dollars for AIDS Fund

Germany will give four billion euros (5.4 billion dollars) over the next eight years to the global fight against AIDS, its development minister said in an interview to be published Thursday. Heidemarie Wieczorek-Zeul told the Financial Times Deutschland that the new funds were intended to send a message to other member states during the Group of Eight summit in the Baltic Sea resor...

1 Billion People to Be Killed by Smoking

If current trends hold, tobacco will kill a billion people this century, 10 times the toll it took in the 20th century, WHO said, unless the countries take serious action to prevent it . Critics of smoking ban argue that people are assuming that by putting one cigarette to your lips will immediately kill you. And if you sniff-up someone else's smoke only once, you cut your life expec...

Nigeria Launches Seven Billion Dollar Case Against Pfizer

The Nigerian government took a seven billion dollar (5.2 billion euro) negligence suit against the world's biggest pharmaceutical company Pfizer to court Tuesday, as the US giant demanded the charges be dismissed. But the government's case suffered an early setback when the court rejected a request to allow it to submit "additional facts", before presiding judge Babs Kwewumi adjour...

IFC to Invest About Rs.3 Billion in Max Healthcare

International Finance Corp. (IFC), the private sector division of World Bank, Monday announced its plans to invest Rs.3 billion in India's Max Healthcare Institute for its expansion plans. Max Healthcare Institute is a subsidiary of Max India, a multi-business company with interests in life insurance, health care, clinical research, and specialty plastics. "While t...
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