3 employees booked for duping Ludhiana pharma firm of ₹5.5 crore
Source: Business Standard At least three employees of a pharmaceutical company have been booked for cheating and causing ₹5.47 crore losses to their employer. The accused allegedly took orders from other companies and supplied medicines without knowledge of the employer. The Sarabha Nagar police booked Sarojit Rao of Heerapur in Jharkhand, Ankur Kumar of Purnia in […]
Pharma lobby bats for drug approvals in India to align with global markets
Source: Business Standards To hasten the launch of new medicines in India, the Organisation of Pharmaceutical Producers of India (OPPI), which represents key multinational pharmaceutical companies, has urged the drug controller to enable parallel approval of drugs in sync with global markets, reported The Economic Times (ET). According to the OPPI, launching a new drug in […]
AstraZeneca Pharma to launch breast cancer drug, shares jump
Source: Money Control AstraZeneca Pharma shares gained 6 percent intraday on December 21 after the pharma company said it will launch Enhertu, a breast cancer drug, in January 2024 in India. “Enhertu is indicated for the treatment of adult patients with unresectable or metastatic HER2-positive breast cancer who have received a prior anti-HER2-based regimen,” said […]
Punjab police arrests Gujrat Pharma Company Owners
Source: Ahmedabad Mirror A couple Rekha and Manish Vashisht were arrested by the Punjab Police following a raid on their company Gloss Pharmaceuticals in Sanand, Gujarat. Cops seized over 13 lakh tablets of Tramadol and Alprazolam from the company. The duo allegedly supplied the contraband to M\S Elichem Pharma, a company located in Hapur in […]
Akums launches extended-release tablets for severe morning sickness
Source: Financial Express Akums Drugs and Pharmaceuticals Ltd., a Contract Development and Manufacturing Organization (CDMO), on Wednesday announced the launch of Doxylamine + Pyridoxine extended-release tablets, a therapy approved by the CSDCO (Central Drugs Standard Control Organization), India and the United States Food and Drug Administration (USFDA). The company claims that this marks a milestone […]
ED conducts searches in Punjab against Chandigarh-based pharma company
Source: Hindustan Times The Enforcement Directorate conducted fresh searches at about a dozen locations in Delhi-NCR and Punjab as part of a money-laundering investigation against a Chandigarh-based pharmaceutical company and its promoters linked to an alleged bank fraud, official sources said. The first round of searches in this case against the company, Parabolic Drugs, were […]
Toxic Gas Leak At Vadodara Pharma Factory Lands 4 Workers In Hospital
Source: ABP Live Gujarat News: Four workers at a pharmaceutical factory in Gujarat’s Vadodara were hospitalised after inhaling toxic gas leaked from a pipeline, news agency PTI reported the local police as informing. The health condition of all affected workers is stable, an official told PTI. The incident occurred around 8 am at a factory situated in the […]
CDSCO issues alert against 62 substandard drugs; Samples from Lupin, Jackson Laboratories flagged
Source: Financial Express The Central Drugs Standard Control Organisation (CDSCO) has flagged 62 drug samples as they failed the quality test. The alert was issued by the drug regulator for November 2023. The drug regulator’s list, as seen by Financial Express.com, reveals that 1197 drug samples were tested, out of which 1133 samples were of standard quality. […]
Inter-State drug cartel busted, 12 held with Pharma opioids
Source: Hindustan Times Punjab Police have busted an inter-state network of illegal opioid manufacturing and supply, arresting twelve people and recovering large quantities of drugs. The operation was conducted following the arrest of a local drug peddler. Punjab Police on Sunday claimed to have busted an inter-state network of illegal opioid manufacturing and supply from […]
Lupin to acquire established products in Europe, Canada from Sanofi for Rs 91 cr
Source: Economics Times Lupin Atlantis Holdings SA, Switzerland, a wholly-owned subsidiary of the company, has signed an asset purchase agreement with Sanofi, a French multinational pharmaceutical and healthcare company, for the purpose, Lupin said in a regulatory filing. New Delhi: Home-grown pharma major Lupin Ltd on Friday said it acquired a portfolio of established products in Europe […]