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The Global Organs-on-chips Market is estimated to be USD 23.86 Mn in 2020 and is expected to reach USD 98.9 Mn by 2025, growing at a CAGR of 32.9%.
Market Dynamics
The growth of this market is mainly driven by the growing focus on developing alternatives for animal testing models, significant increase in research funding and venture capital investments for the development of organs-on-chips, technological advancements and new products launches, growing number of partnerships and collaborations between pharmaceutical companies and organs-on-chips manufacturers, and growing need for early detection of drug toxicity to minimize financial losses due to late stage drug failure.
Shares of Mrs Bectors Food Specialities will debut on the bourses today, 24 December 2020. The final issue price has been fixed at Rs 288 per share.
ACC has approved the renewal of the existing Technology and Know-How Agreement ( TKH Agreement ) with Holcim Technology ( HTL ) under which the Company pays TKH fees @1% of net sales each year, to HTL, for a period of 2 years with effect from 1 January 2021, i.e., on the same terms of the existing TKH Agreement.
Tata Communications has acquired majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. Oasis develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies.