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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The Oklahoma Supreme Court on Tuesday upheld a law aimed at limiting the use of abortion-inducing drugs, overturning a lower court decision that said the measure was unconstitutional because it did not apply to other medication. Tuesday's decision said the measure did not violate state constitutional provisions aimed at keeping…

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Drug firm Strides Shasun said Jordan-based investment firm GMS Holdings has made first tranche investment of USD 8.49 million (over Rs 58 crore) in its biotech arm Stelis Biopharma. GMS Holding, through its subsidiary GMS Pharma (Singapore) Pte Ltd, has made a first tranche investment of USD 8.49 million in…

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In a bid to make the pharmaceutical and biotechnology industries as new growth engine, domestic companies say that the Korean government should implement aggressive supporting policies, including tax benefits, as well as deregulation. During a meeting hosted by the Ministry of Food and Drug Safety (MFDS) in the morning and…

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Allergan PLC narrowed its loss in its latest quarter, with revenue and adjusted profit topping expectations, as the Botox maker’s branded product revenue nearly doubled. Shares in the company, down 12% over the past three months, edged 1.5% higher in premarket trading. The Dublin-based drug company, which counts wrinkle-eraser Botox,…

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Amgen Inc and Belgium-based UCB SA said on Monday that their osteoporosis drug met all the primary endpoints by reducing the incidence of new vertebral fracture in postmenopausal women with osteoporosis in a late-stage study. The results, from a Fracture study in postmenopausal women with osteoporosis (FRAME), showed that the…

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US drug firm Sandoz Inc is recalling over 2,70,000 bottles of hypertension tablets, manufactured by Hyderabad-based Mylan Laboratories, from the American market, a report by USFDA has said. Also, unspecified number of bottles of tablets used to treat Parkinson's disease manufactured by Macleods Pharmaceuticals are also being recalled, according to…

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Lupin Ltd will divest two generic drugs sold by Gavis Pharmaceuticals LLC to clear antitrust hurdles related to its $880 million acquisition of the company, the U.S. Federal Trade Commission said on Friday. The two drugs, used to treat bacterial infections and ulcerative colitis, will be sold to New Jersey-based…

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Prices of all essential medicines are expected to be revised downwards in April by nearly 3 per cent. This will be the first time that prices of nearly 750-odd essential formulations -including pain killers, anti-infectives, antibiotics and drugs to treat diabetes and cardiac problems -will witness a price drop across…

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Zydus Cadila’s Doxycycline capsules, aimed to cure bacterial infections, have received the approval of the American Food and Drug Administration (FDA) to endorse them in the American market. Cadila Healthcare made a unitary announcement during a BSE filing which said, “Zydus Cadila has received approval from the United States Food…

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In yet another instance of souring relationships between foreign investors and local promoters, private equity firm Samara Capital has filed a winding up petition against Guardian Lifecare, a pharma retail chain owned by Ashutosh Garg, for alleged non-payment of dues for supplies made by Samara-owned cash-andcarry company Guardian Nutrition which…