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 […]
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 […]
Indian pharma Industry to log 8-10% revenue growth in FY24

India’s pharmaceutical industry is expected to have a revenue growth of 8-10 percent in Financial Year 2024 (FY24), ratings agency ICRA has said in a report. Growth is likely to be driven by price increases, new products, and health care services expanding in semi-urban and rural areas, said the report based on data from ICRA’s sample […]
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, […]
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, […]
Regaining lost ground: It’s time for a future-oriented pharmaceutical policy

Source: Politico The importance of pharmaceutical innovation in Europe cannot be underestimated. The pharma industry is one of Europe’s top-performing high-technology sectors. It contributes around €175B to the EU’s trade balance – a tenfold rise over the last two decades. Despite what seems like encouraging progress, the more recent trends in Europe should be setting […]
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 […]