The Union Minister of Chemicals & Fertilizers Ananth Kumar launched a mobile app to help buyers find the correct price of medicines. Called ‘Pharma Sahi Daam’- the app shows the maximum retail price fixed by National Pharmaceutical Pricing Authority (NPPA) for various scheduled drugs on real time basis. On the occassion of NPPA Foundation Day, […]
The government is preparing for multi-billion dollar investment to push India into top five pharmaceutical innovation hubs by 2020, Assocham said. The goal of the program will be for the country to establish global presence in pharmaceutical research by launching at a global level 1 out of every 5-10 drugs discovered in the country, the […]
Pharma company Dr. Reddy’s Laboratories Ltd said it launched Nitroglycerin sublingual tablets — a therapeutic equivalent generic version of Nitrostat sublingual tablets — in the US market. The medication is used before physical activities (such as exercise, sexual activity) to prevent chest pain (angina) in people with a certain heart condition (coronary artery disease). It may […]
Indian pharma major Lupin Ltd announced today that it received tentative approval from the United States Food & Drug Administration to market a generic version of Apotex Technology’s ‘Paxil’ Paroxetine tablets. The medicine is indicated for the treatment of major depressive disorder, panic disorder, social anxiety disorder and premenstrual dysphoric disorder. Tentative FDA approvals do not […]
Mylan N.V. and Biocon Ltd. said the European Medicines Agency accepted for review Mylan’s Marketing Authorization Application for a proposed biosimilar version of biosimilar Trastuzumab, a medicine used to treat breast and gastric cancers. This is the second biosimilar submission developed by the partnership that has been accepted for review in Europe. Mylan’s MAA for […]
Pharma company Strides Shasun announced that it received the United States Food & Drug Administration (USFDA) approval for Polyethylene Glycol powder to treat occasional constipation. The powder when consumed as a solution works by softening the stool and increasing the frequency of bowel movement by retaining water in the stool, added the company. Yeterday the […]
NATCO pharma, a Hyderabad based pharmaceutical company, said it received establishment inspection report (EIR) from the U.S. Food and Drug Administration (FDA) for the inspection conducted during the period February 8 – February 12 at its Chemical Division in Chennai. Earlier in mid-August, US FDA had issued an establishment inspection report to Natco Pharma’s for […]
Ministry of Ayush, government of India signed a memorandum of understanding (MOU) with United States Pharmacopeial Convention for cooperation in the field of traditional medicine. The aim is to promote the safety, quality and integrity of traditional medicines and botanical dietary supplements, the government said. The U.S. Pharmacopeial Convention (USP) is a scientific nonprofit organization […]
AstraZeneca Pharma India said AstraZeneca UK has asked to terminate its existing distribution arrangements for Meronem (meropenem) in India. “This is as a result of a global agreement by AstraZeneca PLC to sell the development and commercialisation rights to Pfizer Inc, of its late-stage small molecule antibiotics business,” the company said. Separately, its global parent […]
Mangalam Drugs & Organics said the expansion works of its Plant on Unit-2 situated at Vapi have been successfully completed. The company commenced the trial operations at this newly expanded plant on 22nd August. The plant will produce the active pharmaceutical ingredients (API) for Malaria and anti-retroviral drugs. The Company will be filing Drug Master File […]
Pharma Major Lupin Limited announced today that its US subsidiary, Gavis Pharmaceuticals has received final approval for its Linezolid Tablets from the United States Food and Drug Administration (FDA). The drug is a generic equivalent of Pharmacia & Upjohn Company’s Zyvox Tablets, 600 mg. Zyvox Tablets had US sales of USD 273.6 million the company […]
Pharma company Strides Shasun announced that it received the United States Food & Drug Administration (USFDA) approval for generic Ranitidine Tablets, used to treat and prevent ulcers in the stomach and intestines. Ranitidine tablet is the first integrated product approval post merger of Strides and Shasun in 2015. The active ingredient and formulations will be […]
Jubilant Life Sciences Ltd said it received approval for its Telmisartan Tablets used to treat hypetension or high blood pressure. The approval was given under an abbreviated new drug application, which is used by the US Food and Drug administration for giving permission to generic drugs in the country. Telmisartan Tablets are the generic version […]
Lupin Ltd announced today that it has received approval to launch Acotiamide 100 mg indigestion tablets in India from the Central Drugs Standard Control Organization. Acotiamide is a drug to be introduced into the Indian Pharmaceutical Market which could benefit millions of patients suffering from Dyspepsia or Indigestion, most common stomach complaints encountered in clinical […]
Lupin Ltd announced today that its US subsidiary, Gavis Pharmaceuticals LLC, has received final approval for its Potassium Chloride Extended-Release Capsules USP, 8 mEq (600 mg) and 10 mEq (750 mg) from the United States Food and Drug Administration (FDA). The capsule is for the treatment of patients with hypokalemia, or the deficiency of potassium […]
Piramal Enterprises Limited today announced that its wholly owned subsidiary in the US has entered into an agreement to acquire 100% stake in Ash Stevens Inc, a US based Contract Development and Manufacturing Organisation in an all cash deal for a total consideration of USD 42.95 million. There will also be an earn-out consideration capped […]
Cadila Healthcare said that US FDA has successfully closed an inspection at its facility at Changodar at Ahmedabad. The inspection was carried out in March 2016. The plant makes ointments and is not part of Moraiya formulations manufacturing plant, it said. The receipt of Establishment Inspection Report (EIR) “indicates the successful closure of the inspection […]
Sun Pharma profits soared fourfold due to growth in sales and proportionally lower expenses compared to the previous year. The net profit after tax stood at Rs. 2,033.71 crores as compared to Rs. 555.9 crores the previous year. Lower material cost and better liquidation of work in progress goods were the major factors for the growth.
Granules India’s net profit increased by 37% to Rs. 39 Cr during April-June period.. The increase in profit is because of better liquidation of inventory, which is almost 10 times, and lower cost of materials compared to the same quarter the previous year. Revenue increased by 7% from Rs. 323 the previous year to Rs.344 […]
Zydus Healthcare Limited, a wholly owned subsidiary of Cadila Healthcare said it has entered into a definitive agreement to acquire ‘Actibile’ from Albert David Limited. No pricing was disclosed. The gastroenterology drug is used for dissolving gall bladder Stones. The deal will be financed through internal accruals, the pharmaceutical company said. “The gastrointestinal segment has […]
