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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Sigma Pharmaceuticals chief executive Mark Hooper says the drug wholesaler is sharpening its focus on branded products so it does not have to rely on revenue from medicine sold under the Pharmaceutical Benefits Scheme. After reporting strong earnings before interest and tax growth in the year to January 31, Mr…

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Drugmakers are getting more and more nervous that hedge funds have found a way to make money by putting their patents in jeopardy. Taking advantage of new rules created by Congress three years ago, hedge funds have increasingly been filing challenges to pharmaceutical patents. Some may be angling for payouts…

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In a marked departure from its approach to dealing with Indian pharmaceuticals companies, the US drug regulator would now incentivize those adopting a culture of quality in addition to its usual practice of pulling up those for manufacturing lapses, a top US Food and Drug Administration (FDA) official currently on…

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Close to three months after GlaxoSmithKline ($GSK) revealed that it is making deep cuts in its R&D group in North Carolina as part of a major reorganization in the U.S., the pharma giant detailed plans to ax up to 150 staffers and shutter units in its commercial and R&D group…

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Indian pharmaceutical companies will soon be rated by the US on the basis of quality parameters met by them. The US Food and Drug Administration (US FDA) is working on developing quality metrics to categorise drug companies according to their adherence to norms, which will determine how they are perceived…

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Aurobindo Pharma Ltd has informed BSE regarding a Press Release dated March 19, 2015, titled "Aurobindo Pharma receives USFDA Tentative Approval for Lacosamide Tablets"   thehindubusinessline.com

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Pharma-focused mobile clinical trial data collection company Clinical Ink has merged with CentrosHealth, formerly MyHealthBook, which makes configurable mobile apps for clinical trial patient engagement. As part of the deal, MPM Capital, which founded CentrosHealth, will make an additional investment in Clinical Ink, as will F2 Ventures, FCA Venture Partners…

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Ahmedabad-based Intas Pharmaceuticals on Wednesday acquired Spanish drug maker Combino Pharm's hospital business in Spain and Portugal for an undisclosed amount. The acquisition will help Intas become the second-largest hospital business player in Spain. The acquisition was made by Accord Healthcare, Intas' subsidiary based out of the UK and Spain.…

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Novartis US subsidiary Alcon Laboratories is facing a $110m individual and collective gender discrimination lawsuit over claims that the company denied equal pay and promotional opportunities to its female employees. Filed in the US District Court for the Southern District of New York, the plaintiffs in the lawsuit are Elyse…

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Anhui Anke Biotechnology Group Co Ltd Says plans to acquire Shanghai Soho-yiming Pharmaceuticals Co Ltd for about 405 million yuan ($64.81 million) via cash, share issue Says plans to raise up to 101.25 million yuan in private placement of shares to fund acquisition. Says trading of shares to resume on…