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Ranbaxy recalls drug in US20-NOV-09
India’s leading drug maker Ranbaxy has initiated a voluntary recall of 4,348 cartons of its skin infection drug Sotret (isotretinoin) in the United States. The entire lot pertains to a single batch of tablets which were found to be ‘out of specification’.
European NGOs back Indian generic drugs19-NOV-09
Renowned European NGOs, including Oxfam and Medecins Sans Frontieres, have thrown their weight behind the Indian generic drug industry, whose products have been seized by authorities in Europe alleging violation of patents.
Wockhardt ends weak despite US FDA nod for generic drug19-NOV-09
Wockhardt closed at Rs 175, lower by Rs 5 or 2%, on the BSE.
Wockhardt, Sun get US okay for generic drug19-NOV-09
Indian drug companies Wockhardt and Sun Pharmaceutical Industries have received final approval from the United States Food and Drug Administration (USFDA) to market generic versions of Nicardipine, the hypertension drug.
Food laced with drugs: Kasab19-NOV-09
Pakistani gunman Ajmal Kasab has complained to the 26/11 terror trial court that food given to him in jail is laced with tranquilisers, but medical experts say there is no truth in his allegations, special public prosecutor Ujjwal Nikam said here today.
New drug launches boost Cipla18-NOV-09
Cipla has ended at Rs 309, up Rs 4.5 or 1.4%, on the BSE.
Wockhardt gets FDA nod for Nicardipine injections18-NOV-09
Drug firm Wockhardt today said it has received the final approval from the US Food and Drug Administration (FDA) for marketing Nicardipine HCI injections in 25mg/10 ml strength, used in the treatment of hypertension.
Protectionism by another name18-NOV-09
The India-European Union Joint Customs Cooperation Committee has met in New Delhi and failed to resolve the issue over Indian generic drugs being seized when they are in transit through European ports. This may be ascribed to technical reasons, but it has ramifications for international trade and, equally importantly, for public health. The stand-off comes barely weeks after the assurance by EU’s trade commissioner, Catherine Ashton, that the EU was committed to finding a solution that works for India. The EU’s plea that such seizures are made on suspicion of either violation of intellectual property rights (IPRs), notably patent laws, or of the consignments being of counterfeit drugs, holds no water because there is no evidence to back such a position. All the consignments detained so far have eventually been found to be of genuine, off-patent generic drugs on their way to countries where these are not patented.
Bafna Pharma to launch hypertension drug in Sri Lanka16-NOV-09
Bafna Pharmaceuticals today said it has received approval from Sri Lankan authorities to launch its anti-hypertension product, Olmebaf, in the island nation.
No cure in sight for India-EU drug seizure controversy14-NOV-09
India and the European Union (EU) have begun discussions to resolve the ongoing dispute over the seizure of Indian generic drugs consignments in transit at European ports. Lutz Guellner, spokesperson for the European Trade Commissioner, told Business Standard that a meeting of the EU-India Joint Customs Cooperation Committee held in New Delhi on Thursday proved “constructive” with an “open discussion of the issues” taking place.
Ranbaxy pares early gains, ends flat13-NOV-09
The stock ended flat at Rs 410 and clocked volumes of 201,186 shares at the counter on the BSE.
Nectar to invest Rs 600 cr to set up drug plant13-NOV-09
Integrated pharma company Nectar Lifesciences Limited will invest Rs 600 crore to set up a drug facility in Punjab.
Venus Remedies bags patent for Potentox in SA12-NOV-09
Venus Remedies has bagged patent for Potentox drug from South African patent controller. This is the company’s third product patent in South Africa this year. Companies Intellectual Property Registration Office, South Africa, has granted the company patent of two more drugs – Sulbactomax and Tobracef.
Cipla launches generic drug to treat H1N112-NOV-09
Indian drug major Cipla has launched generic versions of anti-flu drugs oseltamivir and zanamivir in the local market to treat the H1N1 influenza, which is spreading across the globe and in India.
Cipla to export anti-Swine flu drugs to US11-NOV-09
Pharma firm Cipla today said it is looking to export Antiflu, the drug used in the treatment of influenza AH1N1 (swine flu) virus, to US markets.
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