Marksans Pharma gets USFDA approval for Esomeprazole Magnesium Capsules
Source: Business Standard Mumbai-headquartered pharma company Marksans Pharma announced on Tuesday that it has received final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Esomeprazole Magnesium Delayed-Release Capsules USP, 20 mg (OTC). Esomeprazole, the active ingredient in these capsules, is used for treating various stomach and […]
AstraZeneca to pay $425 million to settle Nexium, Prilosec litigation in US
Source: Financial Express The agreements effectively resolve all pending claims filed against the company for failing to warn patients about the risk of contracting chronic kidney disease and related issues Pharma major AstraZeneca on Tuesday said it will pay $425 million to settle product liability litigations against prescription-only acid-reflux medicine Nexium and heartburn drug Prilosec in the […]
IQuest Enterprises to acquire active pharma ingredient business of Viatris
Source: Business Standard The investment firm has entered into a definitive agreement to acquire the API operations of global pharmaceutical major Viatris in India, IQuest Enterprises said in a statement on Monday Multi-sector investment firm IQuest Enterprises will acquire the active pharmaceutical ingredients (API) business of Viatris in India for an undisclosed amount. The investment […]
Indian pharma exports to Iran decline thanks to its lower rupee reserves
Source: Business Standard India’s pharmaceutical exports to Iran have been affected due to depleting rupee reserves in the West Asian country. This is a result of India ceasing its crude oil imports from Iran in mid-2019, following US sanctions on Tehran. The geopolitical shifts have impacted India’s pharmaceutical exports to Iran, which fell by 71.25 […]
Government approves Rs 6,000 crore investment in pharma and medical device
Source: TelegraphIndia The Centre has approved investment of Rs 6000 crore to 74 industries in the pharmaceutical and medical device manufacturing sectors under the production linked incentive (PLI) scheme, Union Home Minister Amit Shah said here on Saturday. Shah was addressing a gathering after dedicating the newly built campus of the National Institute of Pharmaceutical […]
How Artificial Intelligence (AI) is reshaping the Indian Pharma Landscape
Artificial Intelligence (AI) is revolutionizing various sectors across the globe, and the Indian pharmaceutical industry is no exception. The pharmaceutical sector plays a critical role in healthcare, and AI is poised to bring about significant changes in drug discovery, development, manufacturing, and even patient care. In this article, we will explore how AI is set […]
US FDA to step up unannounced inspections on Indian pharma plants
Source: Moneycontrol India will be a dominant part of planning the resilience of supply chains, he added The US drug regulator has declared that there will be more unannounced inspections at the pharmaceutical plants in India. “A mixture of announced and unannounced inspections is important, and you will see more unannounced (inspections),” said United States […]
17 more pharma companies in HP told to stop manufacturing
Source: tribuneIndia.com Seventeen more drug firms in various industrial clusters of Himachal Pradesh have been ordered to stop manufacturing for failing to adhere to the stipulated norms based on the third phase of joint inspections conducted by the state and central drug regulatory authorities since August. Similarly, seven drug-testing labs have been ordered to stop […]
Cough syrup deaths overseas prompts US crackdown on toxic testing
Source: medicaldialogues The U.S. FDA is cracking down on lax testing practices by dozens of makers of healthcare products following hundreds of deaths overseas from contaminated cough syrups, a Reuters review of regulatory alerts found. The Food and Drug Administration has reprimanded at least 28 companies this year, saying they failed to prove sufficient testing […]
Govt launches Rs 5K cr R&D scheme for pharma, medtech
Source: Deccanherald Union Health Minister Mansukh Mandaviya said the domestic pharmaceutical companies invested less on research and development when compared to multinational companies. The Centre on Tuesday launched a Rs 5,000 crore scheme to promote R&D in the pharmaceuticals and medical technology sectors including a programme to fund more than Rs 1100 crore in nine […]