Formal warning to Indian unit of deficiencies noted during inspection at facility near Chennai; firm says will remedy
US-based drug major Hospira will buy the injectable pharmaceuticals business of Chennai-based Orchid Chemicals for $400 million (Rs 1,860 crore).
According to the petition copies, Hospira has alleged that Aurobindo's Abbreviated New Drug Application (ANDA) to make generic version of dexmedetomidine hydrochloride injection would infringe its patented drug Precedex.
Prime Minister Narendra Modi on Monday gifted famous Indian tea to the captains of 11 large American corporations.
World's largest asset manager Blackrock will host a global investors meet in India next year, CEO Laurence Flik conveyed to Prime Minister Narendra Modi.
The Job fair attracted many large companies such as W W Grainger, Allstate, PepsiCo, Tech Mahindra, L&T Infotech and L&T Technologies, who were the corporate sponsors.
US-based global technology giant IBM expressed keen interest in participating in India's newly-launched initiatives like Smart Cities and Digital India.
A key lesson for the pharmaceutical sector in this case is to not downplay the significant impact that regulatory non-compliance can have on operations.
Defence major Boeing on Monday proposed greater business engagement with India, as Prime Minister Narendra Modi promised the US companies to provide friendlier business environment in the country.
He is meeting stalwarts such as Google's Eric E Schmidt, Carlyle's David M Rubenstein, Cargill's David W MacLennan, MasterCard's Ajay Banga, and Pepsico's Indra Nooyi.
The deal would involve Pfizer paying with 11.3 of its shares for each Allergan share.
As Prime Minister Narendra Modi arrived in New York on Friday on a five-day US visit, he was greeted with 'Har Har Modi' slogan.
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