Thomson Reuters | Last Updated: May 31, 2016 08:56 (IST)
Sun Pharmaceutical Industries Ltd reported a near-doubling in fourth-quarter profit, although that missed analysts' estimates as weakness in emerging markets outweighed higher sales in India and the United States.
Thomson Reuters | Last Updated: May 29, 2016 20:26 (IST)
The US Department of Justice (DoJ) has subpoenaed India's largest drug maker Sun Pharmaceutical Industries Ltd seeking information about the pricing and marketing of the generic drugs it sells in the United States, the company said on Saturday.
Thomson Reuters | Last Updated: May 27, 2016 21:52 (IST)
The world's first life-saving gene therapy for children, developed by GlaxoSmithKline and Italian scientists, was approved for sale in Europe on Friday, in a step forward for the pioneering technology to fix faulty genes.
Press Trust of India | Last Updated: May 26, 2016 23:05 (IST)
RPG Life Sciences has sold its Gujarat-based biotechnology unit to Intas Pharmaceuticals for Rs 25 crore to focus on core areas of business and improve long-term competitiveness in a rapidly changing market.
Press Trust of India | Last Updated: May 26, 2016 22:41 (IST)
Sun Pharmaceutical Industries on Thursday said the umbrella pact and transaction agreements signed with Daiichi Sankyo and its overseas subsidiaries have been terminated due to divestment of Ranbaxy by the Japanese firm.
Press Trust of India | Last Updated: May 25, 2016 18:05 (IST)
Drug major Dr Reddy's Laboratories has forayed into branded consumer health products segment in the US market by acquiring six over-the-counter (OTC) brands from Ducere Pharma for an undisclosed amount.
Press Trust of India | Last Updated: May 23, 2016 13:01 (IST)
Drug firm Suven Life Sciences has been granted a patent each by Australia, Eurasia, Israel and the US for a drug used in treatment of neuro-degenerative diseases.
Press Trust of India | Last Updated: May 22, 2016 20:13 (IST)
The Delhi High Court has asked pharmaceuticals major Pfizer Ltd to withdraw stocks of its already imported drug Medrol, used to treat a wide range of inflammatory, allergic and immune disorders, six months before the expiry period of 60 months prescribed under the rules.
Press Trust of India | Last Updated: May 21, 2016 19:01 (IST)
Drug firm Zenotech Laboratories is looking to raise funds through issuance of rights to its existing shareholders.
Thomson Reuters | Last Updated: May 19, 2016 09:37 (IST)
German drug and chemicals giant Bayer AG has made an unsolicited takeover offer for Monsanto Co, the world's biggest seed company, as high inventories and low commodity prices spur consolidation in the global agrichemicals industry.
Thomson Reuters | Last Updated: May 18, 2016 18:33 (IST)
Indian officials say they have proposed an oil-for-drugs barter plan with cash-strapped Venezuela to recoup millions of dollars in payments owed to some of India's largest pharmaceutical companies.
Press Trust of India | Last Updated: May 17, 2016 22:40 (IST)
The annual sales growth of generic drugs in the US, the largest generics market, is seen slowing to 8-9 per cent over the next five years, and decelerate even more after that.
Press Trust of India | Last Updated: May 17, 2016 20:23 (IST)
The pharmaceutical sector is heading for a tough time as exports growth in formulations (in US dollar terms) is expected to almost halve to 10-12 per cent annually over the next five years, a report said.
Press Trust of India | Last Updated: May 16, 2016 22:27 (IST)
Government needs to fast-track patent and trademark approval mechanism as the time taken for the same in the country is much higher compared to other nations but the Centre's National Intellectual Property Rights policy is a welcome step, Wockhardt chairman Habil Khorakiwala has said.
Thomson Reuters | Last Updated: May 16, 2016 16:32 (IST)
Shanghai Fosun Pharmaceutical (Group) Co has made a non-binding proposal to buy India's Gland Pharma, which is backed by KKR and valued at up to $1.5 billion, to boost its drug manufacturing and research and development capacity.
Press Trust of India | Last Updated: May 16, 2016 12:53 (IST)
Aurobindo Pharma has received final nod from the US health regulator to manufacture and market its anaesthetic Bupivacaine Hydrochloride injection in the American market.
Thomson Reuters | Last Updated: May 12, 2016 21:02 (IST)
India's second largest drugmaker Dr Reddy's Laboratories Ltd is bracing for another challenging year in its biggest market, the United States, where its business has been hurt by regulatory scrutiny and fewer new drug approvals.
Press Trust of India | Last Updated: May 11, 2016 18:54 (IST)
Jubilant Life Sciences on Wednesday said its wholly-owned subsidiary and Australia-based Cyclopharm have mutually called off their previously announced term sheet for exclusive commercial rights of Technegas in the US market.
Press Trust of India | Last Updated: May 06, 2016 16:02 (IST)
The government is taking a number of initiatives to help pharma firms upgrade technology and promote drug discovery and innovation in the country, Parliament was informed on Friday.
Press Trust of India | Last Updated: May 04, 2016 17:41 (IST)
Domestic pharmaceutical industry has not approached the government for early intervention to resolve regulatory issues faced by them in the US, Parliament was informed on Wednesday.