Pharma traders protest J&K govt`s new drug policy

Wholesale and retail dealers in
pharmaceutical products today staged a protest here against
the Jammu and Kashmir government`s new drug policy, claiming
that it would severely affect their trade.

GlaxoSmithKline to axe 4,000 jobs in US, Europe

GlaxoSmithKline is to cut up to 4,000 more jobs as it restructures its workforce and focuses increasingly on emerging markets, The Sunday Times reported.

Orchid signs deal with Hospira

Orchid Chemicals and Pharmaceuticals on Wednesday signed an agreement with US drug firm Hospira, selling its generic injectable finished dosage business for around Rs 1,800 crore ($400 million)

Glenmark Pharma Q2 net dips 31% to Rs 80.88 cr

Drug maker Glenmark Pharmaceuticals Thursday reported 31 per cent drop in its consolidated net profit at Rs 80.88 crore for the second quarter ended September 2009.

LIC invests Rs 90,000-crore in first half of this fiscal

Public sector life insurance major LIC has pumped in around Rs 90,000 crore into the markets, of which Rs 16,000 crore was into equities during the first-half of this fiscal, a top company official said.

Indian pharma can take over China: Report

Indian pharmaceutical industry can
take over China if it addresses some key concerns.

China admits its cos shipped fake drugs

China has admitted that its pharma companies shipped fake drugs labelled `Made In India` to Nigeria.