Latest News | Cipla Signs Pact to Invest in ICaltech Innovations

New Delhi, Jul 21 (PTI) Drug firm Cipla Ltd on Monday said it has inked definitive agreements to invest in iCaltech Innovations.

The Mumbai-based company, however, did not share financial details.

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iCaltech is engaged in the design, development, and commercialisation of diagnostic medical equipment and apparatus, with a core focus on respiratory care.

Achin Gupta, Global COO, Cipla Limited, said, "As lung leaders, our decision to invest in iCaltech reflects Cipla's commitment to advancing respiratory diagnostics."

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To reduce the existing gap in the current ecosystem, the strategic funding will enable iCaltech to further expand and develop innovative devices, he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)