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Pharma

Mansukh Mandaviya, Minister of Health and Family Welfare and Chemical and Fertilizers of India

Indian medical devices industry has potential to reach $50 billion by 2030: Mansukh Mandaviya

Sep 30, 2022

The current market size of the medical devices sector in India is estimated to be $11 billion and its share in the global medical device market is estimated to be 1.5 per cent.

DGCI allows Serum Institute to export malaria vaccine to UK (Photo: The Scientist)

DGCI allows Serum Institute to export malaria vaccine to UK

Sep 29, 2022

The malaria vaccine was designed at the Jenner Institute, University of Oxford, which collaborated with the SII in 2020 to manufacture and develop the jab for large- scale supply, the sources said.

SPARC has engaged multiple US academic centres for joint development programs targeting novel biology in the area of oncology, neuro-degeneration and immunology.

Sun Pharma's innovation arm strives to complete Covid-hit clinical trials

Sep 26, 2022

SPARC focuses on discovery and research of novel drugs prioritised in three therapeutic areas i.e. oncology, neurology and immunology. According to the company, during FY22, SPARC raised $148 million to complete the ongoing clinical studies.

The CII report pointed out that the time and cost of R&D have a significant effect on the cost of the biosimilar.

Biosimilars sector to grow 30% by 2047, CII tells how

Sep 23, 2022

According to the India Bioeconomy report 2022 by the department of biotechnology, by 2025 BioPharma sector is expected to grow nearly 1.4 times to nearly $63 billion from $45 billion in 2022.

The company has forayed into the Bangladesh market with Aster Pharmacy division

Aster DM Healthcare enters Bangladesh market, to open 25 pharmacies with GD Assist

Sep 21, 2022

The company has forayed into the Bangladesh market with Aster Pharmacy division, a UAE-based pharmacy chain.

According to an internal report of the department, DoP has at least 5 posts vacant, of which, one is of the Economic Adviser and 2 of Principal Private Secretaries and one each for undersecretary and principal staff officer.

EXCLUSIVE: 65 senior positions vacant in pharmaceutical PSUs and research institutes

Sep 19, 2022

Department of Pharmaceuticals, 3 out of its 5 PSUs and research institutions combined have 65 senior positions vacant

Earlier, Federation of Medical and Sales Representatives Association of India had filed a PIL stating that the company gave over Rs 1,000 crore freebies to doctors for prescribing an irrational dose combination of Dolo-650.-16:9

Dolo-650 maker Micro labs bribed docs with Rs 1000-crore freebies? "Not Correct", concludes IPA

Sep 10, 2022

Having received complaints from medical associations, NPPA asked IPA to investigate the matter under the Uniform Code of Pharmaceutical Marketing Practices (UCPMP), following which a three-member internal committee examined the issue.

Drug regulator recommends manufacture of Biological E's pediatric pneumococcal vaccine (Photo: Reuters)

Drug regulator recommends manufacture of Biological E's pediatric pneumococcal vaccine

Sep 01, 2022

The vaccine is an investigational 14-valent pediatric pneumococcal vaccine named as polysaccharide conjugate vaccine (PCV14) against Streptococcus pneumoniae infection in single dose and multi dose presentations.

Moderna sues Pfizer for patent infringement over COVID vaccine (Photo: Reuters)

Moderna sues Pfizer for patent infringement over COVID vaccine

Aug 26, 2022

Moderna alleges Pfizer/BioNTech, without permission, copied mRNA technology that Moderna had patented between 2010 and 2016, well before COVID-19 emerged in 2019 and exploded into global consciousness in early 2020.

Lupin signs agreement with I’rom for clinical trials and marketing of post-menopause drug in Japan (Photo: Reuters)

Lupin signs agreement with I’rom for clinical trials and marketing of post-menopause drug in Japan

Aug 25, 2022

Denosumab is indicated for the treatment of postmenopausal women with osteoporosis at high risk of fracture and prevention of skeletal-related events in patients with bone metastases from solid tumors among other indications.

Lupin gets USFDA nod for generic medication

Lupin gets USFDA nod for generic medication

Aug 24, 2022

As per IQVIA MAT June 2022 data, the medication had annual sales of around USD 282 million in the US market.

Nigeria introduces Bharat Biotech's ROTAVAC vaccine

Nigeria introduces Bharat Biotech's ROTAVAC vaccine

Aug 24, 2022

Bharat Biotech developed the first generation, rotavirus vaccine, ROTAVAC, under a Public-Private Partnership with the Department of Biotechnology, Government of India, and 16 other international partners, making it the largest ever social innovation project for public health.

AstraZeneca on hunt for deals, but may not stay in vaccines (Photo: Reuters)

AstraZeneca on hunt for deals, but may not stay in vaccines

Aug 23, 2022

Asked about inflationary pressures, Soriot said: "We are going to have to become more innovative and productive. We can't expect our selling prices to go up."

Pharma industry expects to report 7%- 9% revenue growth in FY23: CRISIL

Pharma industry expects to report 7%- 9% revenue growth in FY23: CRISIL

Aug 23, 2022

The rating agency's estimates are based on a study of 184 drug makers that account for 55 per cent of the Rs 3.4 lakh crore-a-year sector revenue.

Explained: What is the impact of Philips' recall of sleep apnea devices? (Photo: Reuters)

Explained: What is the impact of Philips' recall of sleep apnea devices?

Aug 22, 2022

The company has been replacing the insulation on recalled devices with silicone foam, and expects to be done by December 2022.

Dolo-650 makers in trouble for spending Rs 1,000 crore on freebies for doctors

Dolo-650 makers spent Rs 1,000 cr on freebies to doctors to prescribe drug

Aug 19, 2022

Dolo-650 freebies case: Justice DY Chandrachud who was heading the bench said that he was also prescribed the drug when he had COVID-19.

 Pfizer's Managing Director S Sridhar resigns (Photo: Reuters)

Pfizer's Managing Director S Sridhar resigns

Aug 10, 2022

Sridhar also serves as the President of the Organisation of Pharmaceuticals Producers of India (OPPI).

(representational image)

Pharma major Lupin's sales in India and US decline in Q1

Aug 04, 2022

The company, however, expects a strong bounce back in the next quarter.  “Our numbers are muted this quarter, but we expect a strong bounce back Q2 onwards," Lupin said.

Aurobindo Pharma's Andhra unit gets 3 USFDA observations

Aurobindo Pharma's Andhra unit gets 3 USFDA observations

Aug 02, 2022

As per US Food and Drug Administration (USFDA), Form 483 is issued to a firm's management at the conclusion of an inspection when the investigator has observed any conditions that in its judgement may constitute violations of the Food Drug and Cosmetic (FD&C) Act and related Acts.

India’s pharmaceutical exports has risen by a whopping 146 per cent

Pharma exports up 146% in Apr-Jun to Rs 37,609 cr: Mansukh Mandaviya

Jul 29, 2022

Cumulative exports in June 2022-23 rose by 22.22 per cent to $116.77 billion whereas imports went up 47.31 per cent to $187.02 billion during the same period

Govt reviewing pharma industry's proposal on trade margin rationalization on non-scheduled drugs

Govt reviewing pharma industry's proposal on trade margin rationalization on non-scheduled drugs

Jul 27, 2022

According to the industry experts, the Indian pharmaceutical market was pegged at around Rs 1,68,791 crore in the year 2021-22.