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 […]
Maker of spurious antibiotics busted in Uttarakhand
Source: CNBCTV18 A joint operation coordinated by the Drug Control Administration (DCA) of Telangana, Commissioner Task Force Hyderabad, and Malakpet Police named Operation JAI, has dismantled an inter-state network involved in the manufacturing and distribution of spurious drugs. The operation uncovered nefarious activities centred around a pharmaceutical factory named Nectar Herbs & Drugs located in […]
Why are pharma MNCs reducing India footprint?
Source: Times Of India Late on Feb 16, Swiss pharma major Novartis made a brief announcement that it had started a “strategic review” of its listed entity, Novartis India Limited, which includes an assessment of its shareholding in the subsidiary. Exactly three months ago, UK biggie AstraZeneca had also announced it was exiting manufacturing in […]
Exclusive: Govt mulling new PLI scheme for pharma sector
Source: Money Control The government is mulling over introducing a new production-linked incentive (PLI) scheme for the pharmaceutical sector to boost the production of key chemicals critical to the manufacture of active pharmaceutical ingredients (APIs). In doing so, it aims to reduce Indian companies’ dependence on China for such supplies, sources told Moneycontrol. “The entire value chain […]
Apple Vision Pro: challenges and opportunities for pharma
Source: PMLive The launch of the Apple Vision Pro in early 2024 has re-ignite the conversation around virtual reality (VR) and augmented reality (AR) in healthcare – particularly for pharmaceutical companies. Apple’s headset, announced in mid 2023, was released in the US recently and in other countries later in the year. Interest in VR and […]
Largest-ever delegation on a mission to boost exports
Source: The Hindu Businessline In a major initiative to boost pharmaceuticals exports to Latin American (LATAM) region, a 105-member industry delegation with representatives from 82 Indian pharma companies will be visiting Guatemala, Colombia and Chile. The programme is being organised by the Pharmaceuticals Export Promotion Council of India (Pharmexcil), an arm of the Union Ministry of Commerce & Industry, […]
Anti-asthma drugs drive pharma market growth
Source: Times Of India Respiratory therapies led the growth during Jan in the pharma market, which seemed to have started the year with a bang, growing nearly 8% to Rs 17,937 crore. Anti-asthma drugs (Foracort and Budecort) continued to post a double-digit growth each during the month, pointing to our struggle with growing pollution levels […]
15 Countries With Highest Pharmaceutical Spend Per Capita
Source: Yahoo In this article, we will be taking a look at the 15 countries with highest pharmaceutical spend per capita. If you are not interested in learning about the global pharmaceutical market, head straight to the 5 Countries With Highest Pharmaceutical Spend Per Capita. In the landscape of global healthcare expenditure, certain countries stand out […]
Biocon gets USFDA approval for generic version of anti-cancer drug
Biocon said that it has received received tentative approval of its ANDA for Dasatinib tablets from the US FDA, for various strengths. This product is indicated for use in the treatment of Philadelphia chromosome positive chronic myeloid leukemia in adults. It is also used to treat Philadelphia chromosome positive acute lymphoblastic leukemia in adults with […]
AstraZeneca CEO Says China Has Become Fundamental Part of Pharma Industry
Source: Bloomberg After AstraZeneca reported lower-than-expected profit, CEO Pascal Soriot spoke with Bloomberg’s Anna Edwards, Kriti Gupta and Guy Johnson.