The US Food and Drug Administration's (USFDA)'s new draft guidelines aimed at speeding up and reducing the cost of developing biosimilars - lower-priced, near-replicas of complex biologic medicines - could significantly benefit Indian biotech companies.
Intas Biopharmaceuticals Ltd (IBPL) plans to generate clones for commercial production of protein. The company has finalised a Research and Development (R&D) agreement for the development and production of therapeutic protein with Viropro International Inc, a subsidiary of Viropro Inc
Even as most of its large-cap pharmaceutical peers have struggled to stay above water on the returns front, Zydus Lifesciences has been one of the big outperformers within the sector over the past year with a return of over 30 per cent. The gains have come on the back of multiple triggers such as the scaling up of new product launches in the US market, clearance for its Moraiya (Gujarat) facility and steady performance in the domestic market. Though it has been the top pharma gainer in the 2022-23 financial year (FY23), brokerages continue to maintain their 'buy' stance, given the strong visibility in the US market.
Many companies globally are working on plasma research to develop and manufacture hyperimmune globulin therapies from plasma donations.
Fund managers said investors remained positive on the pharma manufacturing activity in India, which further strengthened during the Covid-19 period, on account of restrictions imposed on pharma imports from China.
Devoid of fat and cholesterol, here are the top healthy protein foods you should be eating everyday.
Making it clear to Pakistan that arrests of one or two persons in connection with the Mumbai attacks was not enough, Home Minister P Chidambaram today said it has to dismantle the terror infrastructure to end the menace.
New drug discovery and contract research have taken a back seat as global drug majors have slowed down their research and development offshoring to India.
Competing with established biotech companies in India such as Wockhardt, Biocon and Reliance Life Sciences, small biotech companies such as Zenotech, BV Biocorp and Intas Biopharma are likely to emerge as major players in biogeneric drugs.
Three IPO documents were recorded after the new govt took charge - Adlabs, Lavasa Corp and Monte Carlo Fashions.
Researchers at Northwell Health in New York are testing the effects on Famotidine (used in high intravenous doses) on Covid-19 patients as a potential treatment. After the hospital announced its clinical trials, it led to a drug shortage in the US. Back home, however, there has not been any surge in the demand for Famotidine yet.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
With the government asking the companies to operate with only 50 per cent staff strength, and exports dipping to almost zero, the truck and bus drivers idling at the petrol pump say they hardly have any work now. At a petrol pump on the deserted Bavla-Changodar highway near Ahmedabad in Gujarat, several trucks and buses are neatly parked in a row.
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
One reason Japan is betting highly on Indian pharma is that these companies have strong cash flows, low leverage and high debt capacity for medium to large sized acquisitions.
The Philae lander on Wednesday separated from the Rosetta orbiter and became the first spacecraft to achieve a soft landing on a comet.
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