News for 'drug money'

3 Indian pharma cos recall products in US market

3 Indian pharma cos recall products in US market

Rediff.com24 Apr 2022

Leading drug firms Aurobindo Pharma, Sun Pharma and Jubilant are recalling different products in the US market for various reasons, as per the latest enforcement report by the US Food and Drug Administration (USFDA). While Aurobindo Pharma is recalling Cyanocobalamin Injection, which is used to treat and prevent lack of vitamin B12, Mumbai-based Sun Pharma is recalling a drug used to increase the production of natural tears in eyes. Similarly, Jubilant Cadista is recalling a drug which is used to treat different inflammatory conditions.

Drug makers seek out-of-court settlement in clinical trial cases

Drug makers seek out-of-court settlement in clinical trial cases

Rediff.com10 Jun 2014

In a letter to health minister Harsh Vardhan, the Indian Pharmaceutical Alliance, an industry body representing leading pharma companies, including Sun Pharma, Lupin, Dr Reddy's Labs, Cadila Health and Glenmark, stressed the need for an out-of-court settlement with health activists fighting for the rights of clinical trial participants.

Domestic firms to supply AIDS drug

Domestic firms to supply AIDS drug

Rediff.com5 May 2008

Domestic drug makers Cipla, Aurobindo and Matrix Laboratories have emerged as the second-line and paediatric AIDS medicine supply partners to international drug purchase facility UNITAID and Clinton Foundation HIV / AIDS Initiative in 2008. UNITAID and CHAI support HIV / AIDS treatment programmes in over 100 countries worldwide.

Drug firms may stop freebies to doctors

Drug firms may stop freebies to doctors

Rediff.com23 Jul 2008

Pharmaceutical companies in the country offering any financial incentive to doctors to prescribe particular drugs may become a thing of the past if the drug manufacturers decide to follow the strict code of conduct being implemented by a US industry trade group.

Govt to rollout bulk drug pharma policy within 15 days

Govt to rollout bulk drug pharma policy within 15 days

Rediff.com20 Nov 2014

Drug Controller General G N Singh said the regulator is addressing all the pending issues to liberate the pharma sector and to simplify export regulations which will be reflected in the forthcoming policy.

Chinese drugs pose threat to Indian pharma

Chinese drugs pose threat to Indian pharma

Rediff.com12 Dec 2006

Cheap bulk drug imports from China may soon post a threat to the Rs 20,000 crore (Rs 200 billion) domestic bulk drug industry.

Drug price control in limbo

Drug price control in limbo

Rediff.com5 Jan 2005

Drug prices: India, UNCTAD differ

Drug prices: India, UNCTAD differ

Rediff.com5 Apr 2005

Drug MNCs want payoff for blockbusters

Drug MNCs want payoff for blockbusters

Rediff.com31 Jan 2005

Most foreign drug makers have 100% subsidiaries in India, apart from their listed arms.

Why is Novartis likely to lose Tiamulin drug licence?

Why is Novartis likely to lose Tiamulin drug licence?

Rediff.com19 Mar 2014

Legal experts and official sources said the alleged submission of fake documents can also lead to criminal charges against Novartis.

US company to help check authenticity of drugs

US company to help check authenticity of drugs

Rediff.com21 Dec 2010

PharmaSecure, a US based company, is in talks with Indian drug majors to implement a new, cost-effective, SMS-based technology that would allow consumers to check the authenticity of the drug - in a strip, tablet or a bottle - by directly getting in touch with the manufacturer.

Dr Reddy's bets big on drug discovery

Dr Reddy's bets big on drug discovery

Rediff.com23 Jul 2008

Dr Reddy's Laboratories hopes to become a true drug discovery company in the near future, said chairman K Anji Reddy and chief executive officer GV Prasad at the 24th annual general body meeting in Hyderabad on Tuesday.

Domestic drug makers immune to slowdown

Domestic drug makers immune to slowdown

Rediff.com13 Mar 2009

Domestic pharmaceutical market registered a value growth of 14.4 per cent in January and 9.9 per cent in the 12 months ended January 2009. The yearly turnover was Rs 34,487.17 crore. The growth of the domestic drug sector, which was just 6.8 per cent in November 2008, improved to 13.2 per cent in December and to 14.4 per cent this January.

Ranbaxy gets USFDA nod for high BP drug

Ranbaxy gets USFDA nod for high BP drug

Rediff.com5 Mar 2009

Drug-maker Ranbaxy Laboratories on Thursday said it has received the US health regulator's approval to market Quinapril Hydrochloride and Hydrochlorothiazide tablets, used in treatment of high blood pressure, in different strengths in America.

Maharashtra drug body cracks down on misleading ads

Maharashtra drug body cracks down on misleading ads

Rediff.com7 May 2012

The Maharashtra Food and Drugs Administration has initiated action against manufacturers of medicines and instruments, newspapers, TV channels and cable operators making outrageous claims through advertisements.

Asian nations unite against spurious drugs trade

Asian nations unite against spurious drugs trade

Rediff.com12 Feb 2008

The initiative will include special training for Customs and drug regulatory officials to identify spurious drugs, their origin, distribution chain and follow-up action to raid premises and book culprits, in coordination with regulatory and police officials of various countries.

Pharma majors to invest in drug discovery

Pharma majors to invest in drug discovery

Rediff.com11 Feb 2008

Pharma majors are collaborating with foreign companies to develop newer drugs.

Will India's Covaxin be world's first COVID-19 drug?

Will India's Covaxin be world's first COVID-19 drug?

Rediff.com3 Jul 2020

'We need to prove to the world that quality vaccines and R&D are possible in India.'

Merck arm sues Sun over cancer drug

Merck arm sues Sun over cancer drug

Rediff.com21 Sep 2010

Merck arm sues Sun over cancer drugSchering Corporation, part of multinational pharma company Merck & Co, and London-based Cancer Research Technology Ltd have sued Sun Pharmaceutical for allegedly infringing patent rights on the world's largest selling brain cancer drug, Temodar.

Drug makers told to give pricing details in 10 days

Drug makers told to give pricing details in 10 days

Rediff.com6 Jun 2014

The Drug (Prices Control) Order implemented in May last year brought into its purview 652 packs of 348 formulations.

Bulk drug prices to fall after Olympics

Bulk drug prices to fall after Olympics

Rediff.com11 Aug 2008

With China expected to reopen several hundred bulk drug units after the Olympics, prices of some key bulk drugs, including penicillin and paracetamol, have crashed in the Indian market.

Small drug makers face closure

Small drug makers face closure

Rediff.com29 Dec 2003

Drug retailers set to compete with pharma majors

Drug retailers set to compete with pharma majors

Rediff.com19 Jul 2010

Over 550,000 small drug retailers in the country are transforming into producers and marketers of pharmaceutical products, readying to compete with companies such as Ranbaxy, Cipla, Sun Pharma and Lupin whose produce they sell.

Govt may cap margin on generic drugs

Govt may cap margin on generic drugs

Rediff.com23 Apr 2008

The non-branded generic drugs (sold under chemical names such as cetrizene, omeprazole and nimusulide), which constitute about 8 per cent of the Rs 30,000 crore (Rs 300 billion) Indian pharmaceutical market, is currently not subjected to any such margin cap and according to a study done by the department some of them such are even sold at a margin as high as 1,000 per cent in the market.

Aurobindo gets USFDA nod for HIV drug

Aurobindo gets USFDA nod for HIV drug

Rediff.com3 Jul 2006

Aurobindo Pharma on Monday said it has received a tentative new drug approval from USFDA for its fixed dose combination product used for treating HIV-1 infection.

Norms: US drug regulator warns Sun Pharma

Norms: US drug regulator warns Sun Pharma

Rediff.com1 Sep 2010

The United States Food and Drug Administration has issued a warning letter to it for manufacturing practice violations at its Cranbury facility in New Jersey.

India can develop cheap drugs: CII

India can develop cheap drugs: CII

Rediff.com20 Sep 2004

India could be 'efficacy test' for TB drug okayed by US

India could be 'efficacy test' for TB drug okayed by US

Rediff.com17 Mar 2013

There are also lingering concerns over the culture of misuse of pharmaceutical products in India, which has, in the past, led to other drugs becoming increasingly ineffective.

Sun Pharma gets USFDA nod for epilepsy drug

Sun Pharma gets USFDA nod for epilepsy drug

Rediff.com17 Jun 2010

Drug maker Sun Pharmaceutical Industries on Thursday said it has received the US health regulator's nod for marketing a generic version of the Keppra injection, used for treating epilepsy, in the American market.

WHO drops Cipla: HIV drug list

WHO drops Cipla: HIV drug list

Rediff.com16 Jun 2004

The World Health Organisation has excluded two generic antiretroviral drugs of Cipla from its list of approved HIV medicines used more often in poor countries.

MNCs' diabetes drug patents worry experts

MNCs' diabetes drug patents worry experts

Rediff.com28 Feb 2008

Even as India is fast turning into the diabetes capital of the world, multinational drug companies are busy patenting new-generation diabetes medicines for exclusive marketing rights in the country.

India's pharma cos hit by 'China-made disruptions'

India's pharma cos hit by 'China-made disruptions'

Rediff.com31 Mar 2022

With intermittent disruptions in the supply chain of raw materials from China, the Indian pharma industry has braced itself with bigger inventory. Even smaller drug makers are now carrying a month of buffer stock of key raw materials, said industry insiders. The lockdown in various Chinese provinces, including Shanghai, is likely to delay shipments by two weeks to a month, said domestic players. Shipments are critical for the Indian drug industry, which imports 70 per cent of its raw material from China.

Ranbaxy drugs cleared FDA test before import alert

Ranbaxy drugs cleared FDA test before import alert

Rediff.com11 Jun 2013

FDA had also issued warning letters to Ranbaxy's Paonta Sahib and Dewas facilities as it found extensive problems and deviations from manufacturing norms.

As drug firms squirm, authorities look abroad for cure

As drug firms squirm, authorities look abroad for cure

Rediff.com23 Sep 2013

DCGI, health ministry initiate dialogues with foreign regulators, try to understand global best practices

How free drug policy will redefine health insurance

How free drug policy will redefine health insurance

Rediff.com17 Jul 2012

Insurers may be burning their fingers in urban health portfolios for some time now, but the government's rural healthcare initiatives, including its decision to provide free generic drugs to public hospitals, are set to offer fresh avenues of growth for them.

Wockhardt receives US nod for cardiac drug

Wockhardt receives US nod for cardiac drug

Rediff.com23 Jul 2010

Pharmaceutical and biotechnology major, Wockhardt has received final approval from the United States Food & Drug Administration for marketing the cardiac drug.

Messiah of the masses: Cipla's global crusade for low cost drugs

Messiah of the masses: Cipla's global crusade for low cost drugs

Rediff.com24 Dec 2014

Drug maker Cipla always fought a lone battle to make drugs affordable in India.