PHARMACEUTICAL

Wockhardt founder sought GST exemption for antibiotics discovered in India. He said this will make the drugs more affordable. The statement was made at an event to celebrate the scientific completion of the first indigenously developed antibiotic Na...

Telangana's Genome Valley is attracting substantial investments in life sciences. Over Rs. 36,000 crore was invested in the past year. This resulted in over 140 new projects. These projects include pharmaceutical manufacturing, R&D centers, and vacc...

Alembic Pharmaceuticals Ltd has secured final approval from the USFDA for its generic Diltiazem Hydrochloride extended-release capsules. These capsules, available in strengths of 120 mg to 360 mg, are designed to treat hypertension and manage angina...

Indian pharmaceutical company Venus Remedies received a significant approval from the Malaysian authorities. The company's Baddi facility, equipped with advanced robotic technology, met the stringent quality standards for producing pre-filled syring...

Dr Reddy's Laboratories is recalling over 3.3 lakh bottles of Cinacalcet tablets in the US due to manufacturing issues. The recall is due to the presence of an impurity above FDA limits. The recall affects 30 mg, 60 mg, and 90 mg strengths, with the...

Suven Pharmaceuticals and Cohance Lifesciences plan to merge and aim to double their revenue to Rs 6,000 crore by FY29 through organic and inorganic growth. The merger has received NSE and BSE approvals, with a shareholders meeting scheduled for Nov...

The NCLT Mumbai has approved the merger of Casper Pharma with Suven Pharmaceuticals. This merger aims to improve efficiency, reduce costs, and streamline operations. The amalgamation will utilize combined resources, reduce duplication of work, and i...

Prime Minister Narendra Modi virtually inaugurated Lyfius Pharma's Penicillin-G plant in Kakinada, Andhra Pradesh, with a production capacity of 15,000 MT. The Rs 2,500 crore investment under the PLI Scheme aims to boost domestic manufacturing, redu...

The Central Drugs Standard Control Organisation (CDSCO) identified 49 drugs failing quality tests in its September report. Among these are commonly prescribed antibiotics, supplements, and pain relievers. The report also flagged four products, inclu...

Alembic Pharmaceuticals has received USFDA final approval for its generic Diltiazem Hydrochloride extended-release capsules in strengths of 120 mg, 180 mg, and 240 mg to treat hypertension and chronic stable angina. These capsules are therapeuticall...

Shyamakant Giri has been appointed as the new CEO of Gland Pharma, effective January 15, 2025. Giri brings over 25 years of experience in the pharmaceutical and healthcare sectors. The current CEO, Srinivas Sadu, will remain as the executive chairma...

Torrent Pharmaceuticals has received a demand notice from the National Pharmaceutical Pricing Authority (NPPA) amounting to Rs 6.32 lakh. This penalty pertains to the launch of a new drug for which price approval was sought post-launch. The financia...

India could take 8-10% of the global outsourcing share for Contract Research Development and Manufacturing Organisations by 2033 due to work shifting from the EU and the US to Asia. India and Korea are set to become key players, driven by geopolitic...

Sales of sex stimulants and rejuvenators in India have surged by 17% over the past year, with significant gains in sildenafil and tadalafil brands like Viagra and Cialis. This growth is attributed to decreased inhibitions and increased openness to s...

India’s exports of surgical goods, drug formulations, and biologicals are gaining ground in US and European markets. The sector has shown substantial growth during April-August 2024. Exports to the US, UK, and other countries highlight India as a pr...

Union Commerce Minister Piyush Goyal engaged with key pharmaceutical industry stakeholders, including the IMDA's General Secretary, to tackle challenges faced by pharmaceutical exporters and enhance India's position in the global market. The meeting...

India has manufactured half of the world's vaccine doses in the past year, says Union Health Secretary Punya Salila Srivastava. The country's pharmaceutical industry is a global leader, contributing significant savings to the US healthcare system. I...

Glenmark Pharmaceuticals is recalling 45,504 bottles of Ryaltris Nasal Spray and 11,568 tubes of Ciclopirox Gel in the US due to manufacturing defects, including a clogged dip tube and broken tube seals. The USFDA has classified the recalls as Class...

Emcure Pharmaceuticals has partnered with Gilead Sciences Ireland UC to manufacture and distribute generic lenacapavir for HIV prevention and treatment. This royalty-free agreement focuses on increasing access to the drug in 120 countries, especiall...