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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In an unusual twist, AstraZeneca has nominated a renowned scientist – and pharmaceutical industry skeptic – to its board. Cori Bargmann, who works at Rockefeller University in New York, was chosen yesterday by the big drug maker to stand for election in April and take a seat on its science…

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Today, the Pharmaceutical Research and Manufacturers of America (PhRMA) Foundation announced the launch of its new platform, www.phrmafoundation.org, which features new resources on its competitive research grants and fellowships for young scientists in the most challenging areas of drug discovery. The Foundation awards more than $3.3 million per year in…

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Aurobindo Pharma USA has purchased 90 acres in East Windsor Township to build a new distribution center, which could bring 300 new jobs to the state, Mayor Janice S. Mironov announced Tuesday. The generic pharmaceutical manufacturer, which has its main U.S. manufacturing center in Dayton, is a wholly owned subsidiary…

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Drug major Lupin has inked a pact with Poland-based Celon Pharma to jointly develop and market a generic version GlaxoSmithKline's Advair Diskus, a drug used to treat asthama, in global markets. Lupin and Celon Pharma SA have entered into a definitive agreement under which the companies will jointly develop fluticasone/salmeterol…

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French drugs group Sanofi said it struck a deal with Dutch biotech group Lead Pharma to discover and develop treatments for a range of autoimmune diseases including rheumatoid arthritis, psoriasis and inflammatory bowel disease. The pairing with privately owned Lead Pharma aims to identify drug candidates and begin human trials…

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Biohit Oyj and Akeso to sign an Acetium distribution agreement in Russia. Agreement is effective immediately and Akeso gains exclusive rights for distribution of Acetium capsules in Russian Federation Source text for Eikon.   Source : http://www.reuters.com/

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Ireland is looking to attract more Indian pharmaceutical firms such as Dr Reddy's and Lupin to set up manufacturing plants by offering tax incentives, having already persuaded some of them to do so. The European country, which has emerged as the world's largest net exporter of medicines worth 55 billion…

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GlaxoSmithKline Plc, the U.K.’s biggest drugmaker, promoted Jack Bailey to replace Deirdre Connelly as head of its struggling U.S. pharmaceutical operations. Connelly, 54, will retire after six years as president for North America, London-based Glaxo said in a statement to its employees today. Bailey, who joined Glaxo in May 2009…

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Cipla Pharma; Hyderabad's Natco and US drug maker Mylan are among the companies in the fray to buy select brands of Sun Pharma that have been put up for sale by the companies as per an order of the Competition Commission of India. The total value of the seven drugs…

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Concerned over reports of shortage of medicines used for treating swine flu in India, drug price regulator NPPA has asked pharmaceutical majors including Cipla and RanbaxyBSE -2.42 % to keep adequate stocks of the drugs. "It has been reported to this office that the medicines used for swine flu, oseltamivir,…