Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
20 November, 2018 19:23 IST
GlobalSpace Tech acquires 70.80% stake in Miljon Medi APP LLP
Source: IRIS | 14 Jun, 2018, 11.07AM
Comments  |  Post Comment

GlobalSpace Technologies, a fast growing new-age technology company today announced acquisition of 70.80% stake in Miljon Medi APPLLP for an undisclosed sum.

Miljon Medi APP LLP is a health tech startup with B2B Digital Platform (Platform) that connects Generics pharmaceutical manufacturers to the entire Pharma channel till retail chemist. Company claims to have some of the leading Generics Manufacturers already on the Platform with an existing network of around 73 distributors & 9380 Chemists as its active users. Company’s vision is to enable quality & certified generics reach the last mile so as to benefit the patients.

For GlobalSpace, it's a strategic acquisition which would further consolidate its vision of creating truly integrated digital healthcare ecosystem. Company is having thought leadership in creating digital platform for Pharma sales force & Doctors.

Krishna Singh, MD, GlobalSpace said, ''This is a synergistic acquisition for us, we have already built an evolved digital platform for Pharma distribution including ERP, Mobile & Web app, it would provide the much-needed technical scalability & viability to Miljon Medi App. Merging GlobalSpace's tech platform with Miljon's existing network would surely provide us the initial impetus to grow this platform to be India's largest Pharma channel network.''



Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Gayatri Projects declared as lowest bidder for project worth Rs 1.62 bn - 20-Nov-2018 14:55
Ramco Systems wins contract from leading casino and resorts provider - 20-Nov-2018 14:52
Zydus Cadila receives tentative approval for Deferasirox tablets - 20-Nov-2018 14:49
Kridhan Infra arm wins orders worth Rs 1.95 bn - 20-Nov-2018 09:35
Glenmark Pharma receives approval for Azelaic acid gel - 20-Nov-2018 09:31
PSP Projects' total work order stands at Rs 8.04 bn in FY19 - 20-Nov-2018 09:28
TCS partners with SAP to build intelligent rail digital maintenance solution - 20-Nov-2018 09:27
Zydus receives final approval from USFDA for Abacavir & Lamivudine Tablets and Fondaparinux Sodium Injection - 19-Nov-2018 09:51
Infosys starts construction of U.S education center in Indianapolis - 19-Nov-2018 09:41
Infosys completes formation of JV with Temasek - 19-Nov-2018 09:37
SPML Infra wins arbitration award against Jharkhand Urja Utpadan Nigam - 19-Nov-2018 09:34
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer