New Delhi: The Supreme Court's denial of a patent to Novartis for its cancer drug Glivec in India is a blow to the pharmaceutical company, but a big relief for the patients. The generic cancer drug costs around Rs 10,000 for a monthly dosage, which is a fall of almost 92 per cent from Glivec's price that was Rs 1.2 lakh for a monthly dosage. While activists and patients welcomed...
12:03 PM, Apr 01, 2013
Mumbai: Shares of the Swiss pharmaceutical giant Novartis fell about 4.5 per cent on Monday after the Supreme Court of India dismissed its plea for a patent on its cancer drug, Gelvic. Shares of select Indian pharmaceutical companies rallied as the industry is set to receive a boost following the verdict. Brokers say the market is betting more local pharma companies will be encouraged to come out with the copycat...
11:48 AM, Apr 01, 2013
New Delhi: The Supreme Court dismissed a plea by the Swiss pharmaceutical giant Novartis on Monday for a patent on its cancer drug Glivec, paving way for more affordable life saving cancer drugs. Novartis had sought to overturn a clause in Indian Patents Law that restricts patent protection for newer forms of existing molecules, and the ruling could set a precedent for how other similar patent claims are treated. The...
11:25 AM, Apr 01, 2013
New Delhi: In a landmark verdict, the Supreme Court of India dismissed a plea by the Swiss pharmaceutical giant Novartis on Monday for a patent on its cancer drug Glivec, paving way for more affordable life saving cancer drugs. Novartis had sought to overturn a clause in Indian Patents Law that restricts patent protection for newer forms of existing molecules, and the ruling could set a precedent for how other...
11:05 AM, Apr 01, 2013
Chennai: For a second time within two weeks, the Tamil film industry will join hands to observe a day long fast on Tuesday against the reported genocide of Tamils in Sri Lanka. The first fast was observed March 19 here. While the Tamil Nadu Film Directors Association (TANTIS) and Film Employees' Federation of South India (FEFSI) spearheaded the earlier fast, the 'Nadigar Sangam' - also known as South Indian Film...
10:44 AM, Apr 01, 2013
Sunderland: Sunderland took a gamble by hiring Paolo Di Canio as its new manager on Sunday, empowering the inexperienced and outspoken Italian with the tough task of ensuring the relegation-threatened team retains its Premier League status. The appointment came a day after Martin O'Neill was fired following a poor run of results and sparked immediate controversy, with former British politician David Miliband resigning from his positions as vice chairman and...
08:43 AM, Apr 01, 2013
New Delhi: The Supreme Court on Monday is likely to pronounce its verdict in the much awaited patent case involving Glivec - the anti-cancer drug manufactured by Swiss pharma-giant Novartis - priced at a whopping Rs 1.2 lakhs for a monthly dosage. The case dates back to India's denial of a patent in 2006 on the grounds that it wasn't considered a new molecule, but an altered version of one...
08:37 AM, Apr 01, 2013
Bhopal/New Delhi: BJP leader Uma Bharti, who was appointed party vice president on Sunday, said the best way to find a solution to the Ayodhya dispute was through talks. Uma Bharti, who has been associated with the Ramjanambhoomi movement, said in Bhopal that the solution to the "land dispute" in Ayodhya can be found through legislation, court verdict or through talks but the best way was through talks. The former...
06:12 AM, Apr 01, 2013
Dhaka: Bangladesh Prime Minister Sheikh Hasina on Sunday pledged stern action against people found guilty of defaming Islam using the internet as right-wing Islamic parties threatened to wage an intensified street campaign against "atheist bloggers". "You (Islamic parties) do not need to go for any movement. As a Muslim, I have the responsibility to take action," Hasina said at a party meeting of her ruling Awami League, this evening. She...
02:30 AM, Apr 01, 2013
New Delhi: The Election Commission has differed with the government on the amendment of law with regard to funding of political parties. The EC does not agree with the Law Ministry that modifications proposed by it in 'Form 24A', used by political parties for mandatory declaration of donations received by them, requires amendment in the electoral law. It feels it can be done through amendment of rules. The Law Ministry...
11:42 AM, Mar 31, 2013
Sunderland: Sunderland reacted to the looming prospect of relegation from the English Premier League by firing manager Martin O'Neill on Saturday, hours after a 1-0 loss to Manchester United left the club just a point clear of the bottom three. The optimism from the early part of O'Neill's 15-month reign has disappeared with Sunderland currently on a winless run of eight games, culminating in a limp performance against United at...
09:09 AM, Mar 31, 2013
Los Angeles: Martin Scorsese is developing a TV series based on his 2002 film 'Gangs of New York'. The helmer has teamed up with Miramax and GK Films to develop the TV adaptation which will draw from the events in described in the Leonardo DiCaprio, Daniel Day-Lewis and Cameron Diaz starrer movie. The story will take place in New York and other cities including Chicago as the show explore's the...
03:46 PM, Mar 29, 2013
Los Angeles: With an estimated net worth of USD 580 million, P Diddy has been named the richest Hip-Hop artist. The Bad Boy Records founder beat prominent musicians as Roc Nation founder and Brooklyn Nets' co-owner Jay-Z, rapper/producer and Beat Electronics' CEO Dr Dre, Young Money's label boss Birdman, and 50 Cent to land at the top in Forbes magazine's annual list, the Ace Showbiz reported. Diddy's non-musical ventures including...
11:20 AM, Mar 29, 2013
Seoul: In a show of force following weeks of North Korean bluster, the US on Thursday took the unprecedented step of announcing that two of its nuclear-capable B-2 bombers dropped munitions on a South Korean island as part of joint military drills. The announcement is likely to further enrage Pyongyang, which has already issued a flood of ominous statements to highlight displeasure over the drills and UN sanctions over its...
06:44 PM, Mar 28, 2013
New Delhi: Wishtel has launched a convertible tablet laptop named "IRA Capsule". It has a 10.1-inch LED multi-touch capacitive touchscreen with a resolution of 1024x786 pixels, and runs Android 4.1 Jelly Bean. The device is powered by a 1.6GHz dual-core processor and 1 GB RAM. The device has a 8000 mAh battery, which is claimed to offer battery life of up to 6 hours. It has a 0.3 MP front...
02:09 PM, Mar 28, 2013
Mapusa: Sporting Clube de Goa will look to keep their winning momentum intact as they face ONGC in a 22nd-round match of the I-League at the Duler stadium here on Thursday. Sporting have raised their game, winning five matches on the trot after Spanish coach Oscar Bruzon Barreras took over the reins. "It's our hard work and dedication that has paid off. Wins against Salgaocar, Churchill Brothers and Dempo have...
06:29 PM, Mar 27, 2013
New Delhi: Multinational retail giant Walmart has said that the company is expected to incur financial losses in view of ongoing investigation into alleged corruption cases pertaining to its foreign subsidiaries. "We expect to continue to incur costs (in addition to the USD 157 million of costs incurred in fiscal 2013) in conducting our on-going review and investigations", the company said in a filing to US Securities and Exchange Commission....
06:17 PM, Mar 27, 2013
Bolivia: Lionel Messi didn't score but he still helped Argentina earn a valuable point in the thin air of La Paz on Tuesday in a 1-1 draw with Bolivia in South American World Cup qualifying. Marcelo Martins scored with a header in the 25th minute for Bolivia, while Argentina replied with a 43rd-minute equaliser from Ever Banega, with Messi involved in the move. The hard-earned draw keep Argentina top of...
08:31 AM, Mar 27, 2013
Live updates from the day five of the third Test between New Zealand and England played at at Eden Park, Auckland. England second innings: End of over 143: 315 for 9 It's a draw. Great stuff by England against all odds. The series ends in a 0-0 draw. Credit goes to Matt Prior for a brilliant 110 not out. If it weren't for him, it would have been a goner...
02:07 AM, Mar 26, 2013
Mumbai: The Indian unit of Ford Motor has apologised for advertisements decried as demeaning to women, including one depicting Italy's former Prime Minister Silvio Berlusconi with a trio of bound women in the trunk of a car. A Ford India spokeswoman said Monday that the company is investigating whether anyone at the automaker ever saw the print ads, which were never used commercially but appeared over the weekend on a...
06:51 PM, Mar 25, 2013
