Pharma – Feedback


Everstone Capital-backed Ascent Health and Wellness has racked up multiple acquisitions across the country as the Mumbai-based company pushes deeper into the pharmaceutical distribution space. Four-year-old company is targeting more buyouts by the end of the current fiscal. Founded by IIM Ahmedabad alum Siddharth Shah, Carnegie Mellon graduate Hardik Dedhia and Narsee Monjee Institute of […]

Merck foundation partners with India to build healthcare capacity in Africa Merck Foundation, a non-profit company established in June 2017 at the Fourth edition of their annual “Merck Africa Asia Luminary” held in Cairo, Egypt. For the first time Merck foundation brings Asia and Africa together in their annual conference, with the aim to explore […]

Fortis Healthcare board has approved the proposed acquisition of entire portfolio of Singapore-listed RHT Health Trust (RHT) for an enterprise value of around Rs 4,650 crore, the company said today. Step is part of a restructuring initiative aimed at consolidating the entire Indian asset portfolio comprising various clinical establishments and two operating hospitals of RHT […]

Dr.Reddy’s Laboratories Ltd has launched the USA Food & Drug Administration (FDA) approved clofarabine injection, a therapeutic equivalent generic version of Clolar (clofarabine) injection in the USA market. Clolar brand and generic had US sales of approximately $53 million MAT for the most recent twelve months ended in September 2017, according to IMS Health.Dr Reddy’s […]

GVK BIO, leading Contract Research & Development (R&D) Organization that services the global biopharma industry, known for its customer focus , has completed 10 years of research and development collaboration with Denmark-based Nuevolution. Over last 10 years, GVK BIO and Nuevolution have collaborated on projects that pan across integrated discovery and development. The collaboration journey […]

Biocon’s contract research arm Syngene International has expanded its ongoing drug discovery and development with US-based Bristol-Myers Squibb till 2026. Company today said the expanded scope of partnership also includes addition of a new facility and ramping up the team of scientists working for it.“Next phase of the partnership will see the addition of a […]

Vadodara-based Alembic Pharmaceuticals Ltd has set out plans for major expansion to feed its international markets in the areas of dermatology, oncology solids and injectibles, ophthalmics and general injectibles. Company has laid down investment plans of ?600 crore for the fiscal 2017-18, out of which it has invested ?300 crore for setting up greenfield projects.”We […]

Delhi-based Morepen Labs has tied-up with Belgium’s Vesale Pharma to aggressively tap the growing probiotics market in India. The move is expected to contribute ?100 crore to the Indian company’s topline in five years. “We will soon be launching four major probiotics developed by Vesale Pharma in the Indian market. We hope to add ?100 […]

Asiatic Pharma Chem is planning to set up a synthetic organic chemicals unit at Jhagadia, in Bharuch district of Gujarat. Synthetic organic chemicals’ unit will have a capacity of 150 tpm. The project, estimated to cost Rs 4.50 crore, will spread over 12,800 sq mtr and will include products such as 2 Mercapto Benzimidazole, 5 […]

Aurobindo Pharma has received final approval from the US health regulator to manufacture Esomeprazole Magnesium delayed-release capsules, used in treatment of frequent heartburn, in the US market. In a BSE filing, Aurobindo Pharma said it “has received final approval from the US Food and Drug Administration (USFDA) to manufacture Esomeprazole Magnesium Delayed-Release Capsules OTC, 20mg”. […]