Health Minister Mandaviya Launches National Policy on Research, Development & Innovation in the Pharma-MedTech Sector September 27, 2023 Dr Mandaviya highlighted that the scheme aims to make India a prominent and valuable contributor in the global pharmaceutical market. It intends to achieve this by ensuring high-quality, easy access, and affordable healthcare solutions.
Strides to Create Specialty Pharma Division '˜OneSource' to Generate $200 Mn Revenue in FY25 September 26, 2023 Bengaluru-based Stride Pharma has approved a scheme of arrangement to create OneSource, an independent speciality pharma contract development and manufacturing organisation (CDMO).
Biosergen, Alkem Collaborate to Develop an Anti-Infective for Severe Fungal Infections September 26, 2023 Norway-based Biosergen AB has partnered with Indian pharmaceutical firm Alkem Laboratories to co-develop and licence BSG005, an innovative polyene macrolide.
Eurofins Opens its Second BioPharma Campus in India at Hyderabad. September 26, 2023 Eurofins, the global leader in life testing services, has launched its advanced BioPharma Services Campus, in Genome Valley, Hyderabad.
Lupin Acquires 5 Brands From Menarini September 25, 2023 Global pharmaceutical giant Lupin Limited (Lupin) has entered into an agreement to acquire five legacy brands from Menarini (A. Menarini India Private Limited and A. Menarini AsiaPacific Holdings Pte. Ltd).
Indian CPG Company Nirma to Acquire Glenmark Life Sciences for INR 5,651 Cr September 25, 2023 Ahmedabad-based Nirma has agreed to acquire 75% of Glenmark's active pharmaceutical ingredient (API) unit Glenmark Life Sciences (GLS), with the deal valued at INR 5,651.5 Cr, or INR 615 per share.
Nitika Pharma Unveils Microcrystalline Cellulose Manufacturing Plant in Nagpur September 22, 2023 Maharashtra-based Nitika Pharmaceuticals Specialities, a manufacturer of excipients, has unveiled its microcrystalline cellulose (*Tabcell) manufacturing plant at Butibori, Nagpur.
National Policy on R&D, Innovation to Boost Pharma-Medtech Sector: Dr S Narasimha Murthy September 22, 2023 The new national policy paves the way for a notable increase in originality, entrepreneurship, and new inventive treatment methods in the pharmaceutical and medtech sectors.
Pharma Giant Zydus Gets EIR for Formulations Facility in Ahmedabad September 21, 2023 Ahmedabad's Zydus Lifesciences Limited has received an Establishment Inspection Report (EIR) approval from the US Food and Drug Administration (FDA) for its manufacturing facility near Ahmedabad.
Kerala Gains Approval to Use Truenat Tests for Nipah Virus Surveillance September 21, 2023 Truenat tests, now accessible locally, eliminate the need to send Nipah-positive samples to Thiruvananthapuram, Thonnakkal, or Kozhikode labs for reconfirmation. This streamlined process accelerates testing, outbreak identification, and preventive measures.
Pharma Platform Entero Healthcare Files DRHP for IPO September 20, 2023 The IPO comprises a fresh issuance of shares valued at INR 1,000 Cr by the company itself, accompanied by an offer for sale (OFS) of 85.57 Lakh equity shares by 19 selling shareholders.
Torrent Pharma Now in talks with Apollo Global Management to borrow up to $1 Billion for Cipla bid September 20, 2023 Ahmedabad-based Torrent Pharmaceuticals has recently entered into preliminary discussions with Apollo Global Management to obtain a loan of up to $1 billion to acquire rival company Cipla.