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CII seeks PM's intervention over drug price fixing

CII seeks PM's intervention over drug price fixing

Last Updated: Monday, July 28, 2014, 18:00

Industry chamber CII has sought Prime Minister Narendra Modi's intervention over "unilateral fixing" of drug prices by NPPA saying the exercise based on "an inequitable formula" has done collateral damage to indigenous industry.

Biocon Q1 Net up 9% to Rs 103 crore

Last Updated: Friday, July 25, 2014, 13:38

Biotechnology major Biocon has reported nine percent increase in its consolidated net profit to Rs 103 crore for the quarter ended June 30.

Pharma trade can help boost Indo-Pak ties: Icrier

Last Updated: Thursday, June 19, 2014, 21:27

Pharma sector, which has trade potential of USD 1.63 billion between India and Pakistan, can be an ideal area to improve bilateral relations, says a study by economic think-tank Icrier.

Glaxo in $350mln cancer deal with biotech specialist

Last Updated: Monday, June 02, 2014, 20:09

British pharmaceuticals giant GlaxoSmithKline has agreed a USD 350 million deal with Adaptimmune to help develop and sell the biotechnology firm`s cancer drugs, the companies said on Monday.

Glaxo in $350mln cancer deal with biotech specialist

Last Updated: Monday, June 02, 2014, 20:08

British pharmaceuticals giant GlaxoSmithKline has agreed a USD 350 million deal with Adaptimmune to help develop and sell the biotechnology firm`s cancer drugs, the companies said on Monday.

Big Pharma beware: GSK China case may be just the beginning

Last Updated: Monday, May 19, 2014, 00:33

Chinese corruption charges against executives of British drugmaker GlaxoSmithKline Plc (GSK) could be just the start of the pharmaceutical industry`s problems in its biggest emerging drugs market, according to industry sources in China.

Glenmark Pharma Q4 net profit at Rs 43 cr

Last Updated: Thursday, May 08, 2014, 19:18

Glenmark Pharmaceuticals Thursday posted consolidated net profit of Rs 43.41 crore for the fourth quarter ended March 31, 2014.

Lupin Q4 net up 35% at Rs 553 cr; FY14 profit at Rs 1,836 cr

Last Updated: Wednesday, May 07, 2014, 16:10

Drug major Lupin on Wednesday posted 35.5 percent rise in consolidated net profit at Rs 553 crore for the fourth quarter ended March 31, 2013-14, on the back of robust sales in various markets including the US, Europe and South Africa.

Pfizer confirms desire to buy AstraZeneca

Last Updated: Monday, April 28, 2014, 12:21

US drugmaker Pfizer made a bid approach to AstraZeneca in January and contacted its British rival again on April 26 seeking to renew discussions about a takeover, the US firm said on Monday.

Biocon Q4 Net dips 54% at Rs 113 crore

Last Updated: Friday, April 25, 2014, 14:15

The company had posted a net profit of Rs 248.61 crore previous fiscal.

No non-compete clause in case of FDI in pharma deals

Last Updated: Monday, April 21, 2014, 22:10

India allows 100 percent FDI in pharma sector.

Lupin to buy eye treatment drugmaker in Mexico

Last Updated: Thursday, March 27, 2014, 14:24

The acquisition marks Lupin`s entry into Latin America.