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ICICI Bank to be designated bank for all financial transactions under National Health Mission in West Bengal

ICICI Bank has won the mandate to be the designated bank for all financial transactions under National Health Mission (NHM) in West Bengal, outbidding State Bank of India and other public sector lenders despite their bigger presence in the state. The West Bengal government has decided to implement a single bank account system for NHM. Under this, all financial transactions will be conducted through online software, integrated with bank accounts.

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.