'API prices are dragging down margins and impacting our competitive ability.'
The biotech regulatory Bill gags dissent and takes away the power of states without providing any safeguards to farmers and consumers.
'However, we have seen weakness in our active pharmaceutical ingredients business.'
In a medical product alert on Wednesday, the WHO said the 'substandard medical products', manufactured by Marion Biotech, 'are products that fail to meet quality standards or specifications and are therefore out of specification'.
President A P J Abdul Kalam on Saturday said the country needed a national biotech policy for tapping the full potential of the science and utilising it for economic development.
A team of central agencies and the Uttar Pradesh drug department had carried out an inspection at the firm's office in Noida on December 29 and taken six more samples for testing.
Maya Chemtech India Pvt Ltd supplied propylene glycol used in Marion Biotech's cough syrups that were found to be "not of standard quality", according to the regulator.
Three employees of a Noida-based pharmaceutical firm, whose cough syrup is alleged to have led to the death of 18 children in Uzbekistan last year, were arrested on charges of manufacturing and sale of adulterated drugs, officials said.
The recent pullout by ICICI Venture and Citigroup Venture from a three-year-old drug discovery partnership with Dr Reddy's Laboratories points to angel investors' growing aversion to risk in pharma and biotech firms, say experts.
The vaccine would not have production scalability issues unlike Covaxin, Bharat Biotech's COVID-19 virus vaccine.
The Central Drugs Standard Control Organisation (CDSCO) has initiated a probe in connection with the death of 18 children in Uzbekistan allegedly linked to Marion Biotech.
Serum Institute of India (SII) and Bharat Biotech have also stopped producing the Covishield and Covaxin vaccines respectively.
The Bacillus Thuringiensis (Bt) brinjal episode will not impede the research work being carried out in the field of food and crop biotechnology in the country, a top scientist said.
West Bengal Industrial Development Corporation and Indian Institute of Technology-Kharagpur on Thursday signed a memorandum of association to develop the state's first biotechnology park at Kharagpur.
The inspection at Marion Biotech started at around 12 pm and continued for over 10 hours during which six more samples of the syrup were taken, they said.
Sterling Biotech Ltd board will meet on February 25 to approve the audited accounts of the company for the year ending December 31, 2002, and declare dividend.
The World Health Organisation on Friday said that it is in touch with the Uzbek authorities about the reported deaths of 18 children after consuming contaminated cough syrup made by Noida-based Marion Biotech.
Notwithstanding the ongoing decline in equity markets week after week, August has proven to be the most successful since December for initial public offerings (IPOs). In August of this year, six companies have collectively raised approximately Rs 4,269 crore through IPOs.
Nearly 50 million doses of Bharat Biotech's COVID-19 vaccine, Covaxin lying with the firm are set to expire early next year as there are no takers owing to poor demand, company sources said.
rediffGURU Mayank Chandel offers advice to students preparing for IIT-JEE and NEET-UG after class 12.
Government on Friday said it was eyeing the biotechnology sector as a major thrust area and would improve regulatory mechanisms for rational promotion of genetically-modified organisms.
Indian Biotech industry welcomes the National Biotechnology Policy and suggests few ideas to the Indian government.
India's biotech sector is expected to grow 25-30 per cent during the current fiscal over Rs 1,830 crore revenue generated during 2002-03, according to a joint survey by the Association of Biotechnology Led Enterprises and Biospectrum.
Homegrown vaccine maker Bharat Biotech will launch its intranasal COVID-19 vaccine iNCOVACC, the first of its kind in India, on January 26, the company's chairman and managing director Krishna Ella said in Bhopal on Saturday.
Today, an engineer from an average college can easily land an IT job. What about the biotech graduate, asks Rashmi Bansal?
The Union health ministry on Thursday termed as 'misleading' and 'fallacious' media reports which claimed that regulatory approval for COVID-19 vaccine Covaxin was rushed due to political pressure.
Mumbai-based Advanced Enzyme Technologies Ltd, the largest manufacturer of enzymes in the country, will invest Rs 115 crore to set up three biotech production facilities.
Noting that the biotechnology industry in Asia is still at a nascent stage, India has announced the launch of an annual 'Asia Biotech' meet.
Association of Biotechnology Led Enterprises said customs duty at 12.5 per cent, excise/countervailing duty at 16.32 per cent, education cess at two per cent and additional duty on customs at four per cent result in 36.74 per cent increase in the price of cancer drugs, leading to cost to the patient going up.
"$25 billion is too small a figure. We will grow at a much faster pace and can reach 40 billion dollars. I don't put anything less than that," Minister Kapil Sibal said at a panel discussion in Bangalore on Monday.
India's biggest bio-tech show, Bangalore Bio-2005, opened on Friday as the government promised more investment in biotechnology
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