Pharmaceutical Companies

  • Clinical trial of untested drugs must be regulated: SC July 26, 2013

    New Delhi: Clinical trials of untested drugs on humans require certain mandatory standards to be followed, the Supreme Court said on Friday while directing the government to put in place a mechanism to monitor them. The apex court directed the Centre to convene a meeting of Chief Secretaries or Health Secretaries...
  • 9 pharmaceutical companies fined Rs 2500 cr for overcharging July 20, 2013

    New Delhi: Nine pharmaceutical companies have been fined Rs 2500 crore by the National Pharmaceutical Pricing Authority (NPPA) for overcharging customers. The NPPA imposed penalty after the drug makers, which also include Ranbaxy, Dr. Reddy's Lab, Glenmark, Cipla and Cadilla, were overcharging patients on Doxofylline. The asthma drug was being...
  • India ready to discuss patent policies with US lawmakers June 26, 2013

    Washington: Asserting that the Indian Patents Act related to pharmaceutical products is not discriminatory against foreign companies, Indian Ambassador to the United States, Nirupama Rao, offered concerned lawmakers to discuss the issue for the sake of long-term bilateral and strategic partnership between the two countries. "My senior colleagues at the...
  • Ranbaxy fined $ 500 mn for selling adulterated drugs May 14, 2013

    New Delhi: Generic drugmaker Ranbaxy has been fined $500 million by the US government after its subsidiary pleaded guilty to sale of adulterated drugs manufactured in India. It is the largest settlement by a generic medicine maker till date. It includes $150 million in payments for a criminal fine and...
  • Andhra Pradesh: Pharma company unit gutted in fire October 9, 2012

    Visakhapatnam: A pharmaceutical company unit was gutted when fire broke out at Ramky pharma city in Paradava mandal of the district, fire officials said. The equipment and chemicals of the Aputus Pharma company were completely gutted in the blaze which occurred late last night in a three-storeyed building, they said. Four...
  • In India, gift-giving drives drug makers' marketing September 26, 2012

    Mumbai: Sales representatives for Abbott Laboratories Inc's Indian subsidiaries know what it takes get a doctor to prescribe the drugs they market: a coffee maker, perhaps, or some cookware, or maybe a vacuum cleaner. These are among the many gifts for doctors listed in an Abbott sales-strategy guide for the...
  • Pharma firms funding foreign trips for doctors July 18, 2012

    Bhopal/New Delhi: As the government has called a high-level meeting on Wednesday to draw up a code of conduct for doctors and pharmaceutical companies, CNN-IBN has accessed documents that show that pharmaceutical companies fund foreign trips for doctors and their families in return for pushing their products. The documents also...
  • FTN: Are doctors compromising public safety by lobbying for drug companies? May 15, 2012

    A parliamentary panel says some doctors are colluding with big pharmaceutical companies to sell unsafe drugs to the Indian consumers. ...
  • The chemistry of drug price rise June 20, 2007

    Mumbai: It's a known fact that MNC drugs are highly priced and more so if there are innovations – big or small. Improving a medicine is good. But the question arises if it's given just a minor tweak, with no major improvement in its curing power, should it get a...