Three dead, two injured after blast in pharma factory in Vadodara
Source: Gujarat Samachar A massive blast at the factory of a pharmaceutical company in Vadodara’s Padra area took the lives of three factory workers on Jan 31.The blast took place at Oneira Life Care, located on the outskirts of the city’s Ekalbara village. The blast reportedly took place at 1.45 p.m. in a reactor of […]
FM announces HPV vaccination advocacy in Union Budget 2024
Source: Economic Times HPV vaccination inequities and the lack of access to a national HPV vaccination drive have aggravated the situation. Today while announcing the interim Budget for 2024, Nirmala Sitharaman, Finance Minister, Government of India addressed this scenario. She said, “Government will advocate for vaccination of girls aged 9-14 against cervical cancer.” Incidence is […]
Pharma sector imports reduced thanks to PLI scheme: Govt
Source: Business Today A significant reduction in the import of raw materials in the pharmaceutical sector is one of the most notable achievements under the Production Linked Incentive (PLI) scheme, the government said in a document, titled Indian Economy: A Review, written by V. Anantha Nageswaran, Chief Economic Adviser, Ministry of Finance. The 74-page document presented […]
Top 10 most anticipated drug launches of 2024
Source: fiercepharma Every year, we tap Evaluate’s annual preview report to assess the biggest potential new drugs of the year ahead. Typically, major pharmaceutical and biotechnology companies are featured, each presenting potential blockbuster launches. In 2024, however, things are set to play out a little differently. The most anticipated drug comes from a biotech that […]
Top 10 blockbuster drugs that will become off-patent in 2024
Source: Financial Express The discovery and development of innovative medicines play a crucial role in finding treatment and addressing disease burden. The cost of bringing a new drug to market is approximately $5 billion and can take nearly 15 years to get a drug introduced to the market. When a pharmaceutical company develops a new drug to […]
Exploring Potential Game-Changers in Pharma Industry
Source: DSIJ | Editor: Abid Ali Khan In recent months, Indian Pharma stocks have witnessed a robust rally, reaching record-breaking highs. Notably, the Nifty Pharma index, a key barometer for the pharmaceutical industry, has showcased remarkable resilience, marking an impressive surge of over 40 percent in the past year. Substantial foreign investments in the sector, […]
A Budget booster shot can turn India into a global pharma powerhouse
Source: Economic Times The Indian pharmaceutical industry, also known as the pharma industry, commands a significant share in the global medicine supply chain and has played a pivotal role in making India the ‘Pharmacy of the World.’ It is projected to reach USD 65 Bn by 2024. India ranks third in terms of volume but […]
40 drugs made in Himachal Pradesh fail CDSCO quality test
Source: TNN Kullu: The samples of as many as 40 drugs, manufactured in Himachal Pradesh, have failed the quality test run by the Central Drugs Standard Control Organisation (CDSCO), a central drug regulatory body that approves and bans drugs and also conducts monthly clinical trials to test the quality of drugs. According to the drug alert […]
6 people arrested in Tripura with banned cough syrup
Source: The Indian Express In a joint operation on Sunday, the Railway Protection Force and the Government Railway Police arrested six people hailing from Bihar at the Agartala railway station and seized from them 970 bottles of a banned cough syrup used as a cheap narcotic substance. Speaking to reporters, Inspector Sanjit Sen, officer in […]
Top 50 Pharmaceutical Companies of the world
Source: Visual Capitalist Globally, big pharma revenues have grown by more than half a trillion dollars since 2012, driven by an aging global population. American drugmakers make up the greatest market share worldwide by far, supported by high prices in a less regulated market. Yet with 190 drug patents expiring in the next decade, many companies face […]