Indian pharma exports to Iran decline thanks to its lower rupee reserves
Source: Business Standard India’s pharmaceutical exports to Iran have been affected due to depleting rupee reserves in the West Asian country. This is a result of India ceasing its crude oil imports from Iran in mid-2019, following US sanctions on Tehran. The geopolitical shifts have impacted India’s pharmaceutical exports to Iran, which fell by 71.25 […]
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 […]
How Artificial Intelligence (AI) is reshaping the Indian Pharma Landscape
Artificial Intelligence (AI) is revolutionizing various sectors across the globe, and the Indian pharmaceutical industry is no exception. The pharmaceutical sector plays a critical role in healthcare, and AI is poised to bring about significant changes in drug discovery, development, manufacturing, and even patient care. In this article, we will explore how AI is set […]
17 more pharma companies in HP told to stop manufacturing
Source: tribuneIndia.com Seventeen more drug firms in various industrial clusters of Himachal Pradesh have been ordered to stop manufacturing for failing to adhere to the stipulated norms based on the third phase of joint inspections conducted by the state and central drug regulatory authorities since August. Similarly, seven drug-testing labs have been ordered to stop […]
Govt launches Rs 5K cr R&D scheme for pharma, medtech
Source: Deccanherald Union Health Minister Mansukh Mandaviya said the domestic pharmaceutical companies invested less on research and development when compared to multinational companies. The Centre on Tuesday launched a Rs 5,000 crore scheme to promote R&D in the pharmaceuticals and medical technology sectors including a programme to fund more than Rs 1100 crore in nine […]
Nirma buys 75% stakes In Glenmark Life Sciences to make Glenmark Pharma debt-free
Source: Business Today Detergent soap maker Nirma has acquired a 75 per cent stake in Glenmark Life Sciences at an enterprise value of about Rs 7,500 crore in a deal reflective of a rising investment interest in healthcare and pharmaceutical industry, one of the world’s fastest-growing sectors. Glenmark Pharmaceuticals has entered into a share purchase […]