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Pharma industry to surpass $60 bn by FY24: Report

The report expects this faster growth to be driven by the ability of the domestic industry to leverage the opportunities arising from the expiry of the many patented drugs across the globe, ebbing of regulatory risks, adoption of various de-risk strategies from China dependency for key raw materials, increasing PE investments, and strong fundamentals of the industry.

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Half of hospitalised Covid patients have persisting symptoms after a year: Lancet study

“Our study is the largest to date to assess the health outcomes of hospitalised COVID-19 survivors after 12 months of becoming ill,” said Professor Bin Cao, from China-Japan Friendship Hospital.

“While most had made a good recovery, health problems persisted in some patients, especially those who had been critically ill during their hospital stay,” Cao said.

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India adds 46,759 new COVID-19 infections, Kerala logs 32,801 cases

India administered more than 10 million vaccine doses in the past 24 hours, a national record that Prime Minister Narendra Modi called a “momentous feat” for the country ahead of fears of another surge in infections. India has administered more than 622 million vaccine doses in total, giving at least one dose to more than half of its 944 million adults.This has been achieved through 67,19,042 sessions. 

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Covid-19 not developed as biological weapon: US intelligence community

The Director of National Intelligence in a report, prepared at the direction of the president, on Friday said SARS-CoV-2 probably emerged and infected humans through an initial small-scale exposure that occurred no later than November 2019 with the first known cluster of COVID-19 cases arising in Wuhan, China in December 2019.

However, there was no unanimity among the intelligence community (IC) on the origins of the coronavirus.

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Covid-19’s Delta variant doubles hospitalisation risk, finds study

“Our analysis highlights that in the absence of vaccination, any delta outbreaks will impose a greater burden on healthcare than an alpha epidemic,” said Anne Presanis, one of the study’s lead authors and a senior statistician at Cambridge. “Getting fully vaccinated is crucial for reducing an individual’s risk of symptomatic infection with delta.”

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Air passenger volumes remain weak in contrast to robust cargo demand: AAPA

More than a year into the pandemic, strict border restrictions and quarantine measures continue to have a devastating impact on international air travel, said Subhas Menon, AAPA Director General.

“By contrast, air cargo remains the single bright spot for the region’s airlines, with strong external demand boosting cargo revenue. However, this remains largely insufficient in mitigating the drastic fall in passenger volumes.” Menon said progress in vaccination rollouts across the region remains slow as many countries still face challenges in procuring supplies and suffer from resource constraints.

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The hybrid work revolution after Covid-19 is already transforming economies

While a more permanent transformation of working life will have painful consequences for many inner-city businesses, economists see a recalibration underway that can revitalize smaller towns and suburbs. New digital tools mean that retail and hospitality — as well as knowledge-intensive industries — are already undergoing far-reaching change.

Working from home around one day a week will boost productivity by 4.8% as the post-Covid economy takes shape, according to a recent study of more than 30,000 U.S. employees co-authored by José María Barrero of Instituto Tecnológico Autónomo de México and others. Much of that one-off increase is projected to come from reduced commuting time, a factor not usually captured by economists.

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