Stent manufacturers want the government to apply differential pricing for drug-eluting stents by classifying them on the basis of technology used. Such a move will reward quality and innovation to keep the segment viable while also giving physicians broader treatment options, according to two industry bodies — AdvaMed and MTaI. Drug-eluting stents (DES) have a […]

Drug firm SeQuent Scientific today said its arm Alivira has received approval from the US health regulator for its animal health API facility in Visakhapatnam in Andhra Pradesh. Alivira has received United States Food and Drug Administration (USFDA) approval for its multi-product animal health active pharmaceutical ingredient (API) facility in Visakhapatnam, SeQuent Scientific said in […]

Glenmark Pharmaceuticals today said the US health regulator has cleared its investigational new drug (IND) application to initiate a first-in-human study for a proposed biosimilar for use in treatment of respiratory or allergic disease. “The US Food and Drug Administration (USFDA) cleared the company’s investigational new drug (IND) application to initiate a first-in-human study of […]

Serum Institute of India Ltd, the world’s largest vaccine maker by number of doses produced and sold, has acquired a defunct unit of Czech Republic-based injectable polio doses maker Nanotherapeutics Inc. for €72 million (Rs521 crore), according to a company statement. The acquisition will help the Pune-based company become the largest injectable polio vaccine maker […]

The inter-ministerial body foreign investment promotion board (FIPB) has recommended the Rs4,315-crore foreign investment proposal of Gland Pharma Limited to the cabinet committee on economic affairs (CCEA) for approval. The FIPB has deferred a decision on FDI proposals of Vodafone Mobile Services, the finance ministry said in a statement. The FIPB approved six FDI proposals […]

India’s top tuberculosis fighter said the government will expand access to Johnson & Johnson’s breakthrough TB drug this year, but health experts warn much more needs to be done to eliminate the superbug by 2025. India will make bedaquiline, one of just two new TB drugs marketed over the last 50 years, available at 140 […]

Medical devices manufacturer Trivitron has begun offering turnkey solutions to governments and private individuals looking to set up hospitals, starting right from feasibility studies to operating full-fledged healthcare centres in a diversification the company hopes will be a growth driver ahead of its going public in five years. The two-decade-old Trivitron had started as a […]

Government is taking various policy initiatives, including withdrawal of customs duty exemption, to discourage import of bulk drugs and active pharmaceutical ingredients (APIs) into the country. “Recently the government has withdrawn exemption of custom duty on certain categories of bulk drugs/APIs to provide level playing field to the domestic manufacturers,” Minister of State for Chemicals […]

Ahmedabad-based drug maker Torrent Pharmaceuticals is very close to finalise a deal for acquiring women’s healthcare portfolio from Swiss pharmaceutical major, Novartis. Novartis’ women’s healthcare portfolio had a turnover of about Rs 70 crore in India and the deal is likely to be completed within the next eight weeks. Both the companies have already signed […]

A body of major domestic pharma firms, IPA has hit out at the government over drug price control issue, wondering if the country followed rule of law for the sector. Expressing concern about future of the pharma industry in India, the Indian Pharmaceutical Alliance (IPA) said pharma companies have become a victim of “unbridled turf […]