July 30, 2014 21:18 (IST)
Mumbai-based Sun Pharmaceutical Industries will seek shareholders approval for its $4-billion acquisition of Ranbaxy Laboratories in a court-convened meeting on August 22.
July 30, 2014 11:31 (IST)
Dr Reddy's may report operating profit of Rs 742 crore ($123.3 million) as per SmartEstimates, versus the consensus mean of Rs 770 crore.
July 28, 2014 17:39 (IST)
Industry chamber CII has sought Prime Minister Narendra Modi's intervention over "unilateral fixing" of drug prices by the National Pharmaceutical Pricing Authority (NPPA) saying the exercise based on "an inequitable formula" has done collateral damage to the ndigenous industry.
Mumbai | July 24, 2014 14:05 (IST)
Ipca, a mid-sized generic drugs and ingredients maker, said the FDA issued a so-called "Form 483", a letter in which the agency typically outlines violations of its guidelines observed during inspections of manufacturing plants. Ipca did not give details about the contents of the Form 483 that it had received.
July 24, 2014 10:06 (IST)
The voluntarily stoppage of API shipments will impact IPCA Lab's formulations export business to the US market since its formulations units situated at Piparia (Silvassa) and SEZ, Indore (Pithampur) use APls from Ratlam for manufacturing formulations for the US market.
July 23, 2014 17:30 (IST)
Andrew Witty said he hoped to sell the portfolio of mature drugs, known as established products, by the end of the year.
New Delhi | July 23, 2014 14:33 (IST)
As per a global consumer confidence index study by Nielsen, India which was ranked second in the first quarter of 2013 is now the most optimistic country, followed by Indonesia and the Philippines.
July 21, 2014 23:10 (IST)
Pharma player Indoco Remedies on Monday said it has received a nod from the US Food and Drug Administration (FDA) for two of its facilities in Goa.
New Delhi | July 21, 2014 15:16 (IST)
Drug firm Strides Arcolab will acquire a majority stake in the India-branded generics business of Bafna Pharmaceuticals for a cash consideration of Rs 48.1 crore.
New Delhi | July 21, 2014 13:35 (IST)
The 'no-objection' from the two exchanges would allow the two companies to file with the High Court for further clearance of the deal and marks one of the numerous regulatory approvals that Sun they need to consummate the transaction.
July 20, 2014 20:49 (IST)
With the drug price control order (DPCO) coverage extending to almost 40 per cent of the industry, profitability in the domestic business of pharma companies is likely to come under pressure, according to rating agency Icra.
Written By: Ramarko Sengupta | July 19, 2014 12:18 (IST)
The Chennai-based TTK Protective Devices, which manufactures the 'Skore' brand of condoms, has moved the Madras High Court with a plea to take condoms off the essential medicine list.
San Francisco | July 18, 2014 10:17 (IST)
FedEx Corp was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from US drug enforcement officials, according to a court filing.
New Delhi | July 17, 2014 16:28 (IST)
The proposed facility at Monroe, North Carolina, will cater only to the US market and is the company's first manufacturing facility in North America adding to its list of 14 plants in four countries - India, Brazil, Argentina and Czech Republic.
New Delhi | July 17, 2014 15:04 (IST)
"Senapathy Gopalakrishnan has donated $1.8 million to CMU to establish a research partnership between CMU and the Center for Brain Research (CBR) at the Indian Institute of Science (IISc) in Bangalore," a statement said today.
New Delhi | July 17, 2014 14:44 (IST)
Strides Arcolab and Oncobiologics Inc said in a statement today that Strides has made a series of strategic investments in privately held New Jersey biopharma firm Oncobiologics Inc.
Hyderabad | July 16, 2014 15:43 (IST)
A recent government order bringing in some more medicines under control may not have much impact on Hyderabad-based drug maker Dr Reddy's Laboratories in terms of product pricing, according to a senior company official.
Mumbai | July 16, 2014 09:47 (IST)
Sun Pharmaceutical Industries, India's third-largest generic drugmaker by sales, said on Wednesday it had acquired US-based Pharmalucence Inc.
July 15, 2014 18:06 (IST)
According to Prabhudas Lilladher, Glaxo, Sanofi SA and Novartis might get impacted further if the government regulates prices of oncology segment which is growing at a faster rate.
New Delhi | July 15, 2014 14:44 (IST)
Glenmark Generics Inc USA, the subsidiary of Glenmark Generics Ltd, has been granted final approval from the United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Fluocinonide cream USP (0.1 per cent), Glenmark Pharmaceuticals said in a statement.