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 […]
Grey market alert: Celeb-backed weight-loss meds smuggled into India

In Short A surge in demand among affluent Indians for weight-loss medications touted in showbiz circles has led to a concerning trend — drugs like Ozempic from Denmark’s Novo Nordisk and Mounjaro from America’s Eli Lilly are illicitly entering Indian pharmacies, sidestepping regulatory checks, an India Today investigation has found. Pooja and her employer Amit […]
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 […]
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 […]
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.
The top 10 biopharma M&A deals of 2023

Source: Fierce Pharma While the biopharma industry’s dealmaking totals have yet to eclipse the heady highs of 2019, mergers and acquisitions were back on the menu in a big way in 2023. Last year, the value of the top 10 M&A deals in the biopharma industry came to $115.8 billion, outranking prior sums from 2022, […]