2009 India Excellence in Healthcare Awards

MUMBAI, India -

- Annual India Excellence in Healthcare Awards to Celebrate Best in the Industry

Frost & Sullivan, for the first time, hosted ‘2009 India excellence in Healthcare Awards’ at Mumbai. The Event attended by the creme de la creme of the healthcare industry spotlighted world-class companies that have performed par excellence and demonstrated best practices. Recognizing the best in class, the event was held to honor the country’s premium players in the healthcare and research industry.

The ‘2009 India excellence in Healthcare Awards’ recognized 19 companies from the Medical Devices, Healthcare IT, Medical Imaging, Drug Discovery, Biotechnology and Clinical Diagnostics background. These companies have contributed and in the future would drive the growth of the industry through their market leadership, competitive strategies, and innovation.

Anand Rangachary, Managing Director, South Asia and Middle East, Frost & Sullivan, said, “The healthcare industry has phenomenal importance in the economic growth of any country. The primary focus of all stakeholders, including the Government, private sector across the healthcare value chain should be on increasing the scope and reach of healthcare services into India’s vast hinterland. The ‘2009 India excellence in Healthcare Awards’ is an endeavor to honor companies that have proven to be the best in class in furthering this objective.”

On the occasion, Sandeep Sinha, Deputy Director, South Asia, Middle East and North Africa, Healthcare said, “Gross under penetration of healthcare services in India will provide a fertile ground for the growth of the healthcare sector. With increase in affordability and awareness, it is an opportune time to be in India and seek the next level of growth by serving the Indian populace. The heterogeneity of the country is giving rise to innovative and flexible solutions. With this in the background, we at Frost & Sullivan feel it is pertinent to recognise companies that have gone beyond with their outstanding leadership and outshined with their innovations and growth.”

A 10-person jury comprising prominent Healthcare Industry experts had come together to examine the dynamics/performance of an extensive range of organizations. Our expert team followed a meticulous measurement-based methodology to select companies in South Asia for each Award category. Post this, the short-listed companies were evaluated based on actual market performance indicators like Revenue growth, Market share in specific category and growth in market share, Breadth of services and solutions, Demonstrated leadership in new services and innovation, Major customer acquisitions, Geographical expansion and partnership, Business and marketing strategies.

“We are happy to support the ‘2009 India excellence in Healthcare Awards’ organized by Frost and Sullivan, one of India’s distinguished Growth Partnership Company,” said Ashvani Srivastava, Chief Executive Officer, HealthHiway. “We are honored to recognize these exemplary companies that contribute towards improvising the global healthcare industry and hope that this will inspire others to develop such innovations in the future.”

2009 India in Excellence Award recipients in various categories Healthcare IT Indian Healthcare IT Company of the Year - Karishma Software Multinational PACS Company of the Year - FUJIFILM India Pvt. Ltd Indian PACS Company of the Year - Ashva Technologies Indian Telemedicine Company of the Year - TeleVital India Pvt Ltd Biotech and Pharmaceuticals: Multinational Pharmaceutical Company of the Year - Pfizer Limited Indian Pharmaceutical Company of the Year - Dr. Reddy’s Laboratories Ltd Indian Contract Manufacturing Company of the Year - Jubilant Organosys Indian Biotech Company of the Year - Serum Institute of India Ltd Indian Clinical Research Organization of the Year - Veeda Clinical Research Indian Emerging MNC Pharmaceutical Company of the Year - MSD Pharmaceuticals Pvt Ltd. Indian Drug Discovery Research Organization of the Year - Chembiotek Medical Devices: Indian Emerging Medical Devices Company of the Year - Relisys Medical Devices Ltd Minimally Invasive Devices - Laparoscopy Company of the Year - KARL STORZ Endoscopy India Pvt Ltd Patient Monitoring: Blood Glucose Monitoring Device Company of the Year - Roche Diagnostics India Pvt Ltd Sleep and Respiratory Devices Company of the Year - Philips Healthcare Imaging: Ultrasound Equipment Company of the Year - GE Healthcare CT Scan Equipment Company of the Year - Siemens Healthcare Diagnostics: Immuno Assay Company of the Year - Roche Diagnostics India Pvt Ltd Diagnostic Services Company of the Year - Super Religare Laboratories Limited The distinguished panel of Judges for this year’s Award ceremony: 1. Dr. Rajiv Shukla - Director Investment - Chemical & Pharma, ICICI Venture 2. Dr. Nadig Ramananda -President & Deputy Dean CREMA India 3. Mr. Ananthpadmanabhan - President - Kovai Medical Centre 4. Mr. Satyamurthy - Retd - Director, Telemedicine - ISRO 5. Dr. Sujay Prasad - Director - Anand Lab 6. Dr. MG Bhat - Consultant GI & minimal access surgery, Wockhardt Hospitals Hospital 7. Dr. Radhesh - Radiologist, Clumax Diagnostic 8. Nitin Naik - VP - Healthcare, APAC 9. Reenita Das - Sr. VP - Healthcare - APAC 10. Sandeep Sinha - Deputy Director - Healthcare - SAME 11. Nanda Kishore -Industry Manager - Healthcare - SAME

HealthHiway and IBM are the platinum partners for this year’s Excellence in Healthcare Awards. HealthHiway(TM) is the services infrastructure for Hospitals, Clinics, Insurance companies, Pharmacies and Diagnostic centers to facilitate better collaboration and seamless information sharing to deliver quality care.

Biospectrum, Pharma BioWorld, eHealth, DrugOne, Pharma Review, New Media and Chronicle Pharma Biz are the honorable Media Partners for the Awards. To know more about this event please log on to www.frost.com/hcawards.

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Growth Partnership Service provides the CEO and the CEOs Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth

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Media Contact: Anish Charles Corporate Communications, South Asia P: +91-22-4001-3419 F: +91-22-2832-4713 E: anishc@frost.com Nimisha Iyer Corporate Communications, South Asia and Middle East P: +91-22-4001-3404 F: +91-22-2832-4713 E: niyer@frost.com www.frost.com.

Source: Frost & Sullivan (India) Pvt. Ltd.

Media Contact: Anish Charles, Corporate Communications, South Asia, P: +91-22-4001-3419, F: +91-22-2832-4713, E: anishc at frost.com; Nimisha Iyer, Corporate Communications, South Asia and Middle East, P: +91-22-4001-3404, F: +91-22-2832-4713, E: niyer at frost.com