NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Pharmaceutical Industry portal grants a dynamic and diverse feed of news items.

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Shanghai Pharmaceuticals Holding Co Ltd Company entered into scheme implementation deed in Sydney, Australia on 3 August 2016 in relation to privatization of Vitaco. On 21 Oct Vitaco received notification from Australian Foreign Investment Review Board that Australian government has no objections to transaction.   Source : reuters.com

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Sun Pharmaceutical Industries on Friday completed the divestment of its seven prescription brands in India to RPG Life Sciences. This has been done after receiving approval of the Competition Commission of India and completion of all the necessary formalities for closure of the transaction, Sun Pharmaceutical Industries said in a…

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Roche said on Thursday strong sales of new medicines like cancer immunotherapy drug Tecentriq would help to sustain the company's growth as patents on older drugs start to expire. Chief Executive Severin Schwan is betting he can stay ahead of the sales erosion with new medicines that include five launched…

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Widely used non-steroidal anti-inflammatory drugs (NSAIDs) are associated with an increased risk of heart failure - even in people without a history of cardiac issues, a recent study suggests. Overall, the odds of a hospital admission for heart failure was 19 percent higher for people who used NSAIDs in the…

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Rigel Pharmaceuticals Inc said its lead drug to treat a bleeding disorder failed in a second late-stage trial, sending its shares tumbling 32 percent in premarket trading on Thursday. Data showed that one patient receiving a placebo achieved a stable platelet response, the main goal of the study, indicating there…

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Mexico’s antitrust commission opened an investigation into possible monopolistic practices in the medicines sector, which has been under scrutiny since a leak earlier this year from the Panama papers revealed a questioned deal involving the country’s largest private drug distributor. In a statement Wednesday, the federal competition commission said “some…

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Shanghai Fosun Pharmaceutical Group Co Ltd Says its unit received goods manufacture practice (GMP) certificate from Jiangsu Food and Drug Administration Bureau. Says certificate was issued to three raw material medicines and the valid period is until Oct. 8, 2021.   Source : reuters.com

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The benefits associated with Allergan Plc's experimental drug to treat frequent nightly urination outweigh the risks for certain patients, an advisory panel to the U.S. Food and Drug Administration concluded on Wednesday. The panel voted 14-4 to recommend that the drug, SER120, be approved for certain patients with nocturia, defined…

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Europe's highest court has ruled that a floor on retail prices for prescription drugs in Germany violates free trade in Europe's single market, potentially opening the door for foreign mail-order pharmacies to undercut German rivals Patients covered by Germany's statutory medical insurers have to pay a certain proportion of drug…

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Moberg Pharma AB announced that the European Patent Office (EPO) has issued Patent No. 2701681 which protects BUPI, currently in development for oral mucositis. The new patent covers pharmaceutical compositions comprising a local anesthetic, such as bupivacaine, for local administration to the mouth or throat. The patent also protects lozenge…