Page 46 - Pharma
Merck to provide Euro 25,000 fund to start-ups with innovative ideas
The company has called for application from start-ups - German as well as international - to apply for funding of innovative ideas by August 14, 2015
 "Merck to provide Euro 25,000 fund to start-ups with innovative ideas")
Dr Reddy's Labs partners with US-based Purdue University for research
The strategic partnership will focus on research in pharmaceutical processes and product development
 "Dr Reddy's Labs partners with US-based Purdue University for research")
US FDA import alerts: Deciphering the right message
With India ranking fourth in the list of countries that received warning letters and import alerts from US FDA, pharma companies will have to put in more quality control measures in place
 "US FDA import alerts: Deciphering the right message")
Aurobindo Pharma receives US FDA nod for hypertension drug esmolol hydrochloride
Esmolol hydrochloride injection is generic version of Baxter Healthcare's Brevibloc injection
Take Solutions forms US subsidiary for big data in life sciences industry
The subsidiary, Intelent, aims to address the $300 billion healthcare and life sciences market by providing clients offerings in the areas of data integration and advanced analytics
 "Take Solutions forms US subsidiary for big data in life sciences industry")
Biocon appoints Dr Narendra Chirmule as R&D head
He replaces Abhijit Barve, who has moved back to the US
Lupin buys Germany-based Temmler Pharma's specialty product portfolio
Temmler's business has a strong strategic fit with Lupin's Hormosan business in Germany, enabling Lupin to bring an enhanced specialty CNS portfolio in the German market
Israel's Teva to acquire Allergan Generics for $40.5 bn
Following the completion of the acquisition, Teva is expected to have pro forma sales of approximately $26 billion and EBITDA of approximately $9.5 billion in 2016
 "Israel's Teva to acquire Allergan Generics for $40.5 bn")
Chemical sales in Germany up 0.5% in H1 2015, chemical prices down 3%
The devaluation of the Euro stimulated overseas exports while the domestic demand for chemical products remained restrained, says German chemical industry association (VCI)
 "Chemical sales in Germany up 0.5% in H1 2015, chemical prices down 3%")
Lupin to expand US generic business with acquisition of Gavis for $880 mn
With this acquisition, the Mumbai-based pharma firm will get access to Gavis Pharma's New Jersey based manufacturing facility - Lupin's first manufacturing site in the US
 "Lupin to expand US generic business with acquisition of Gavis for $880 mn")
PE firm Fidelity to invest in Cipla's consumer healthcare business
Partnering with Fidelity Growth Partners, a long-term strategic and financial investor, is likely to help Cipla in growing its newly formed consumer healthcare business
 "PE firm Fidelity to invest in Cipla's consumer healthcare business")
Sanofi restructures global business units to drive future growth
The company has created 3 new GBUs for general medicines & emerging markets, specialty care and diabetes & cardiovascular to simplify the organisation to drive growth
India's IPR Policy to fully protect patents: Nirmala Sitharaman
The final draft of the National IPR Policy has been circulated for inter-ministerial consultation and is likely to be put up to the Union Cabinet for approval soon
 "India's IPR Policy to fully protect patents: Nirmala Sitharaman")
Valeant Pharmaceuticals acquires Egyptian firm Amoun Pharma for $800 mn
Canadian firm aims to use Amoun as a platform for further expansion in the broader Middle East and North Africa pharmaceutical market
 "Valeant Pharmaceuticals acquires Egyptian firm Amoun Pharma for $800 mn")
IOL Chemicals receives US FDA approval for ibuprofen facility in Punjab
Post this approval, IOLCP will be able to garner additional business for its flagship API ibuprofen in world's largest pharma market USA
 "IOL Chemicals receives US FDA approval for ibuprofen facility in Punjab")
Pharma market in Taiwan to reach $8.4 bn by 2020
Despite diplomatic isolation, 'government incentives, such as low taxation, make Taiwan a lucrative place for foreign investment,' says a GlobalData report
 "Pharma market in Taiwan to reach $8.4 bn by 2020")
Pfizer to close down Thane manufacturing plant
Manufacturing at the plant has been virtually stopped since 2013 due to the differences between Pfizer's management and its workmen over raising workmen's salaries & other issues
 "Pfizer to close down Thane manufacturing plant")
Australia's Amcor buys Packaging India from Essel Propack
The deal was part of Essel's strategy to exit non-core adhesive lamination packaging business and focus on growth opportunity in its core tube packaging business
 "Australia's Amcor buys Packaging India from Essel Propack")
Suven Life Sciences secures patents in China, Mexico and SA
With these new patents, Suven has 16, 19 and 22 patents being granted in China, Mexico and South Africa respectively
Drug companies to increase outsourcing budgets
Contract research segment to grow from $42 billion in 2014 to $72 billion in 2019 - with a CAGR of 11.5%, says BCC Research in its new report
 "Drug companies to increase outsourcing budgets")