PHARMACEUTICAL INDUSTRY

  • OTC drug market to reach $6.6 billion by 2016 October 5, 2014

    New Delhi: The over the counter (OTC) drug market in India is expected to grow to $6.6 billion by 2016 with pharma companies and chemists increasing their presence in the rural market. India's OTC drug market stood at $3 billion in 2011 and a "rise...
  • Drug prices to be slashed as pricing policy comes into effect May 17, 2013

    From July, more than 300 essential medicines will cost 20 to 25 per cent less, as the new national pricing policy comes into effect. How will this affect us and why are some calling it an eyewash? ...
  • Investments in India by global pharma cos to continue: Vikas Dandekar April 1, 2013

    In a landmark verdict, the Supreme Court dismissed a plea by the Swiss pharmaceutical giant Novartis on Monday for a patent on its cancer drug Glivec, paving the way for more affordable lifesaving cancer drugs. How does it affect the Indian pharmaceutical industry and the global biggies who are looking...
  • SC to decide pharma patent, take up marines case April 1, 2013

    New Delhi: The Supreme Court will pronounce an important judgment on Monday on a Swiss pharma firm's plea asserting its patent over a medicine, and Tuesday take up Sterlite's plea opposing the order to shut down its plant as well as the case of the Italian marines. In a judgment that...
  • Five Indian firms among world's most innovative September 7, 2012

    Washington: Five Indian companies including Larsen & Toubro, Hindustan Unilever and Infosys are ranked on Forbes magazine's list of "The World's Most Innovative Companies" topped by four US companies. Larsen & Toubro with an annual sales growth of 19 per cent is ranked ninth in the world followed by Hindustan Unilever...
  • AstraZeneca to cut another 6,000 jobs January 29, 2009

    London: Pharmaceuticals company AstraZeneca PLC on Thursday reported a small drop in fourthquarter net income and said it would cut a further 6,000 jobs globally by 2013 as it looks to shore up its earnings. Net income dipped to $1.25 billion in the OctoberDecember quarter from $1.27 billion in the same...