NPPA hikes prices of 800 essential drugs from 1 April
Source: The mint New Delhi: In a major development, the National Pharmaceutical Pricing Authority (NPPA) has announced a hike in prices of around 800 essential drugs from 1 April. The rise in drug prices works out at around 10.76% based on the Wholesale Price Index (WPI) data. The drugs which are included in the National […]
Pharma & Healthcare contributed to Rs. 900cr electoral bonds.
Source: Indian express At least 30 pharma and healthcare companies bought electoral bonds worth over Rs 5 crore each, adding up to around Rs 900 crore, reveals the electoral bond data released on Thursday. This accounts for about 7.4% of the total Rs 12,155 crore amount for which the data was released. The top buyers include Yashoda […]
Govt releases guidelines to curb unethical pharma sector practices
Source: Indian Express In its latest guidelines to prevent unethical pharma industry practices that can influence healthcare professionals, the Union government has allowed firms to arrange medical education workshops and provide research grants for healthcare professionals, provided these are done in a transparent manner. “…Conference, seminar, workshop, etc. should only be allowed through a well-defined, […]
Govt revamps financial assistance scheme for drug companies
Source: The New Indian Express New Delhi: The Department of Pharmaceuticals has revamped a scheme which entails financial assistance to drug companies to help them upgrade their facilities to produce medicines conforming to global standards, an official release said on Monday. As per the revamped Pharmaceuticals Technology Upgradation Assistance Scheme (PTUAS), the government has expanded […]
Pharma firm owner swindled of 52L, 6 booked
Source: Times of India Dehradun: Police have charged six persons for allegedly defrauding the owner of a pharmaceutical firm in Haridwar of Rs 52 lakh. The scam involved promising a contract for supplying drugs to govt hospitals under the state health department. A case was registered on orders from CM Pushkar Singh Dhami.Dehradun SSP Ajai […]
Pharma hub Baddi to get first drug-testing lab today
Source: Tribune India The pharmaceutical hub of Asia, housing 350 pharmaceutical firms, will finally get a drug-testing laboratory tomorrow. Chief minister Sukhvinder Singh Sukhu will inaugurate the lab tomorrow during his visit to the Doon and Arki Assembly segments. This is the first lab to be set up in the state ever since the Baddi-Barotiwala-Nalagarh […]
A single pharma company transforming country’s economy
Source: Money Control From both a biomedical and economic point of view, the success of the new class of weight-loss drugs is something to behold. Not only are they a remarkable scientific achievement, but — in the case of Ozempic and Wegovy, both made by Novo Nordisk — they are a huge boon to the […]
Noida police arrest CMD of pharma firm
Source: Business Standards The chairman and managing director of a pharmaceutical company has been arrested from Bengaluru for allegedly defrauding an investor of Rs 70 crore six years ago, Noida police said on Thursday. The pharma company has offices in Dubai and Chennai while the investor, a Delhi resident, runs a firm in Noida’s Sector […]
Fake medicines containing chalk powder worth Rs 33.3 lakh seized
In Short The Drugs Control Administration (DCA) of Telangana seized fake medicines containing chalk powder and starch valued at Rs 33.35 lakh. It was detected that fake medicines containing chalk powder and starch, were being sold in medical shops by a non-existent company, “Meg Lifesciences”. Following detection, all medications purporting to be produced by “Meg […]
Grey market alert: Celeb-backed weight-loss meds smuggled into India
In Short A surge in demand among affluent Indians for weight-loss medications touted in showbiz circles has led to a concerning trend — drugs like Ozempic from Denmark’s Novo Nordisk and Mounjaro from America’s Eli Lilly are illicitly entering Indian pharmacies, sidestepping regulatory checks, an India Today investigation has found. Pooja and her employer Amit […]