Solan: Pharma hub without State Drugs Controller since Jan 1
Source: Tribune India Even as the Baddi-Barotiwala-Nalagarh (BBN) industrial cluster is acclaimed as the pharmaceutical hub of Asia, the drugs control administration (DCA) has been functioning without a State Drugs Controller (SDC) since January 1. The post fell vacant on December 31 after incumbent Navneet Marwaha superannuated. The state government has failed to appoint an […]
Domestic pharma market grew by 6.8% in 2023
Source: rediff The Indian pharmaceutical market (IPM) grew 6.8 per cent to touch a turnover of ~1.93 trillion in calendar year 2023, despite volumes going down marginally by 0.9 per cent. Growth in the moving annual turnover (the previous 12 months’ turnover) in December was 5.1 per cent and that in new product introduction 2.6 […]
After prohibiting FDC for kids under 4, regulator scrutinize other remedies
India’s apex drug regulator, the Central Drugs Standard Control Organisation (CDSCO), last month instructed drugmakers not to sell a popular fixed dose combination (FDC) medicine, indicated as a cough syrup, for kids under the age of four. While the 18 December notice mentioned the combination of chlorpheniramine maleate and phenylephrine hydrochloride, other FDCs marketed as […]
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 […]