Saturday December 27, 2014
It has been a year of bitter medicine for Indian pharmaceutical companies with fines worth millions of dollars imposed by various foreign regulators, even as they stitched together deals worth billions of dollars, including a high profile merger betw...
Monday December 8, 2014
The Competition Commission of India (CCI) on Monday said it has approved generic drug maker Sun Pharmaceutical Industries Ltd's $3.2 billion bid to buy smaller rival Ranbaxy Laboratories Ltd, subject to the companies divesting seven products.
Tuesday December 2, 2014
Drug major Pfizer on Monday announced completion of its merger with Wyeth Ltd, thereby placing itself among the top ten pharmaceutical companies in India by market share.
Wednesday November 12, 2014
As countries are increasingly focusing on affordable healthcare, Indian pharmaceutical firms are well positioned for global growth, according to a report by global rating agency Standard & Poor's (S&P).
Wednesday November 12, 2014
India's $15 billion pharmaceutical industry, which has been hit by a spate of regulatory sanctions in the past year due to concerns about production processes, supplies about 40 per cent of generic and over-the-counter drugs to the United States.
Thursday October 9, 2014
Indian pharmaceutical companies need to focus on the Latin American markets namely Brazil and Mexico, British brokerage firm Barclays has said.
Sunday October 5, 2014
India's over the counter (OTC) drug market is expected to grow to $6.6 billion by 2016 with pharmaceutical companies and chemists increasing their presence in the rural market.
Friday October 3, 2014
Mergers and acquisitions involving domestic companies jumped to the highest level since 2011 to $26.1 billion during the first nine months this year. They were up 16.5 per cent from the year-ago period.
Thursday September 18, 2014
A bench of Justice B D Ahmed and Justice Vibhu Bakhru said representatives of the pharma companies hold a meeting with the Director of the National Pharmaceutical Pricing Authority (NPPA), Ministry of Chemicals and Fertilizers, to settle the matter "...
Wednesday September 10, 2014
Expiry of drug patents in the US is great news for not only consumers but also the domestic pharmaceutical industry, where generics account for about 75 per cent of total sales, CARE Ratings said in a report released here on Wednesday.
Sunday August 24, 2014
While ONGC, CIL, HDFC Bank, SBI, ICICI Bank and Sun Pharmaceutical saw gains in their market-capitalisation (m-cap), TCS, RIL, ITC and Infosys suffered losses on the other hand.
Monday August 18, 2014
The government has extended the deadline to affix barcodes on mono cartons (ointments, eye/ear drops) by pharmaceutical companies to April 2015.
Wednesday August 13, 2014
India's top 20 pharmaceutical companies would increase capital expenditure by 40 per cent to more than Rs 50,000 crore by fiscal year 2018, credit rating agency Crisil said on Wednesday.
Delhi News | Reported by Sonal Mehrotra | Tuesday August 12, 2014
A day after NDTV's expose showed doctors in Delhi agreeing to prescribe drugs in exchange for kickbacks, Health Minister Harsh Vardhan said in Parliament that "unethical practices" will be urgently tackled and that "adequate action" will follow.
Monday July 21, 2014
The 'no-objection' from the two exchanges would allow the two companies to file with the High Court for further clearance of the deal and marks one of the numerous regulatory approvals that Sun they need to consummate the transaction.
Sunday July 20, 2014
With the drug price control order (DPCO) coverage extending to almost 40 per cent of the industry, profitability in the domestic business of pharma companies is likely to come under pressure, according to rating agency Icra.
India News | Written by Maya Sharma | Wednesday July 16, 2014
With spiralling costs of medicines becoming a major concern for the common man, the government now plans to bring down the prices of 108 drugs.
Offbeat | Press Trust of India | Monday June 16, 2014
An enterprising Chinese woman has turned her house into a breeding ground for 1,00,000 cockroaches and sending them to pharmaceutical companies to be used for making some Chinese medicines.
India News | Reuters | Sunday May 25, 2014
The Andhra Pradesh High Court on Saturday lifted a temporary stay it imposed on generic drugmaker Sun Pharmaceutical Industries Ltd's $3.2 billion takeover of Ranbaxy Laboratories Ltd, a lawyer involved in the case said, paving the way for both compa...
Tuesday May 20, 2014
The incoming government led by Narendra Modi represents an 'excellent opportunity' for American industries to strengthen and rekindle their relationships with India, a leading US industry body has said.
Thursday May 8, 2014
Indian pharmaceutical exports to the US are expected to keep growing despite a spate of import alerts issued by the American drug regulator in 2013, according to a report by India Ratings & Research.
Sunday May 4, 2014
Amid American firms' allegations of patent norm violations against Indian pharmaceutical companies, domestic drug maker Cipla has said that "essential" medicines should be made available to people at affordable rates and not be sold under "monopoly".
Sunday April 6, 2014
A barcode helps in tracking and tracing the origin of drugs which in turn helps in minimising chances of genuine drugs being considered spurious, sub-standard or counterfeit.
Sunday February 16, 2014
Pharmaceutical sales in India are expected to rise by 14.4 per cent to $27 billion in 2016 from last year, but the life sciences and health care industry is up against challenges such as quality management and meeting global standards, consultancy fi...