European regulators have estimated that consumers are paying up to 20 per cent more for medicines in some cases.
Acquisition of Henkel India can provide new opportunities for Jyothy Laboratories to flourish.
The new drugs to come under price control include commonly-used antibiotics and painkillers
Germany-based Merck KGaA, the world's oldest multinational pharmaceutical company, is eyeing to acquire a prominent Indian pharmaceutical company and established drug brands.
Karl-Ludwig Kley, chairman of the executive board, Merck, spoke to Business Standard about the company's plans and how it is weathering the global financial crisis.
India's biggest drug maker Ranbaxy Laboratories Ltd has put in its bid to acquire generic business of German pharmaceutical firm Merck.
The Indian major is eyeing German Merck's generic drug business.
Having cut eight deals last year, the $1.3 billion pharma major Ranbaxy probably has the sharpest negotiating skills in the business.
Six Pakistanis are in the fray for the Hero Honda Open South golf tournament.
A summary of sports events and persons who made news on Friday.
Olympic champion Yang Hak-seon, who vaulted South Korea gymnastics into the limelight by winning gold at the 2012 London Games, has flipped out at plans by Hanyang University to disband its gymnastics team, fearing it could harm the sport's growth.
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According to information available on the European Commission website, Ranbaxy Laboratories has been fined euro 10.32 million (over Rs 80 crore).
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