Pharma MSMEs can get govt help to upgrade facilities
Source: The Economic Times New Delhi: The Department of Pharmaceuticals has proposed to offer financial assistance to micro, small and medium enterprises (MSMEs) to help them upgrade their facilities to ensure better quality of medicines. “Under a central scheme, which is called Pharmaceutical Technology Upgradation Assistance Scheme, MSMEs can seek financial assistance from the government,” said Arunish Chawla, secretary, […]
Will UP be hub for Chinese-dependent pharma raw materials?
Laurus Labs has licensed patents from IIT Kanpur on gene therapy and is in the process of investing Rs 100 crore on setting up a GMP (good manufacturing practice) pilot plant for cell and gene therapy products in IIT, Kanpur. What can attract entrepreneurs in one pharma hub to consider investments into another state seeking […]
India allocates Rs 5,000 crore to propel research and innovation
Source: Business Insider In a move towards advancing research and innovation in the pharmaceutical and medical technology (Pharma-MedTech) sector, the Ministry of Finance announced the “Promotion of Research and Innovation in Pharma-MedTech” (#PRIP) initiative. The Ministry of Finance posted on X, “Promotion of Research and Innovation in Pharma-MedTech #PRIP was announced as a long-term scheme […]
Counterfeit medicines confiscated.
Source: The New Indian Express Even as fake medicines pose a major health risk, the Special Task Force (Drug Enforcement Squad) claimed to have seized different kinds of spurious drugs worth over Rs 1 crore from the state within the last 16 months. After the sale of spurious BP medicine- Telma AM and Telma-40, manufactured […]
Nigeria Tightens Regulations on Indian Pharma Exports, New Standards May Spark Industry Concerns
Source: News18 The Nigerian drug regulator has recently heightened its standards for Indian drug makers exporting to the country, News18 has learnt. Drug makers are now required to adhere to the latest specifications and strictly use raw materials following the updated guidelines. According to the National Agency for Food and Drug Administration and Control (NAFDAC) […]
Asia-Pacific Pharma Logistics Market to Reach $197 Billion by 2028
Source: Yahoo Finance Dublin, Jan. 15, 2024 (GLOBE NEWSWIRE) — The “Asia-Pacific Pharmaceutical Logistics Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s offering. The Asia-Pacific pharmaceutical logistics market is experiencing robust growth with a projected Compound Annual Growth Rate (CAGR) of 6.68% from 2023 to 2028. A deep-dive […]
Top Pharmaceutical Packaging Trends for 2024
Source: Packaging Digest In the rapidly evolving landscape of the pharmaceutical industry, staying ahead of emerging trends is crucial for businesses to thrive. With the start of 2024, and in an era marked by technological advancements, regulatory change and shifting consumer demand, several trends are poised to shape the trajectory of the pharmaceutical market. Here […]
India could see drug shortages, price rise owing to new rule
Source: Economic Times India may see drug shortages and an escalation in drug prices in the coming days, according to industry executives, as several lobby groups and associations that represent medium and small enterprises have expressed their inability to follow the rules recently mandated by the health ministry and said they expect closure of several units. A recent notification […]
Pharma Giant Alkem Laboratories Faces Security Breach
Source: The420.in MUMBAI: Pharmaceutical giant Alkem Laboratories confirmed Friday that a cybersecurity incident led to a fraudulent transfer of Rs 52 crore from one of its subsidiaries. While the company maintained the impact was minimal and confined to a specific incident, the disclosure raises concerns about vulnerabilities in India’s pharmaceutical sector to cyberattacks. Compromised Emails, But […]
India To Launch Cervical Cancer Vaccination Campaign Later This Year
Source: NDTV New Delhi: In a significant move to tackle cervical cancer, India will launch an extensive Human Papillomavirus (HPV) vaccination campaign targeting girls in the 9-14 age group. The immunization drive will unfold in three phases, with over 7 crore doses prepared for the initial stage. Cervical cancer, currently the second leading cause of cancer […]