Page 10 - Medicines

Market share of Ayush sector has grown 4.6 times since 2016: Sonowal

"The Ayush sector has witnessed phenomenal growth, especially during the pandemic", said Sonowal

Dip in demand for Covid medicines takes a toll on drug sales in March

Covid related drugs contributed 40% of the pharma market last year

India hopes Hyderabad 'pharma city' will break China's grip on industry

India's ability to secure not just its own drug supply but that of Africa, the Americas and Europe is at stake

Bulk of pharma growth came from price hikes, shows data

The average increase in prices was 3.1 per cent in the past five years.

Demand for chronic drugs likely to rise 30% ahead of price hike

There would be a general rise in demand for chronic medicines as consumers would stock up ahead of a price rise

South Korea to send non-lethal military and medical supplies to Ukraine

The South Korean government announced on the 15th that it will send non-lethal military supplies to Ukraine, which is fighting against Russia's invasion

Govt's Jan Aushadi programme to exceed 2021-22 targets, shows data

The pace is slower for including more medicines in the product basket; sales have grown at a CAGR of 51.9% in the last five years

India to send urgent relief supplies, including medicines to Ukraine

Ambassador of India to the United Nations, T S Tirumurti, on Monday said that India has decided to provide urgent relief supplies, including medicines to Ukraine, expected to be dispatched tomorrow

Dolo pill breaks sales record in pandemic as manufacturer makes a fortune

The Covid-19 pandemic has made several healthcare and pharma players billionaires and the makers of Dolo 650

Glenmark Pharma gets tentative FDA nod for generic Regadenoson injection

Glenmark Pharmaceuticals on Monday said its US arm has received tentative approval from the country's health regulator for its generic Regadenoson injection. Regadenoson injection is given during the preparation for a radiologic examination of blood flow through the heart to test for coronary artery disease. The tentative approval granted by the United States Food & Drug Administration (USFDA) to Glenmark Pharmaceuticals Inc, USA (Glenmark) is for Regadenoson Injection, 0.4 mg/5 mL (0.08 mg/mL) Single-Dose Pre-Filled Syringe, the company said in a statement. It is the generic version of Lexiscan injection, 0.4 mg/5 mL (0.08 mg/mL), of Astellas US Inc, it added. Citing IQVIATM sales data for the 12 month period ending November 2021, the company said the Lexiscan Injection, 0.4 mg/5 mL (0.08 mg/mL) market achieved annual sales of approximately USD 659.9 million. The company said its current portfolio consists of 172 products authorized for distribution in the US marketplace and 47 .

India's diabetes care market to reach $60 bn in next 10 yrs: Report

The diabetes care market in India is expected to reach about $60 billion in the next 10 years, from approximately $17 billion in FY2021, a new report said

Pharma firms to roll out anti-Covid pill as DCGI approves emergency use

Six other homegrown pharma companies announced rolling out their generic versions of the drug shortly

US adds Merck pill as second easy-to-use drug against Covid-19

The Food and Drug Administration authorization comes one day after the agency cleared a competing drug from Pfizer

Keep buffer of 8 critical drugs for Covid treatment, Centre to states

The government said many ventilators supplied by the Centre were still lying unused at some field hospitals

Dr. Reddy's inks pact with Singapore firm to sell Trastuzumab biosimilar

Prestige BioPharma Ltd announced that the two companies have entered into a binding agreement for an exclusive partnership for the supply and commercialisation of Trastuzumab biosimilar

Biocon ties up with Tabuk Pharmaceuticals to sell medicines in Middle East

Biocon said it has inked a pact with Saudi Arabia-based drug firm Tabuk Pharmaceutical Manufacturing Company to commercialise select speciality products in Middle East region

US overdose deaths topped 100,000 in one year, say officials

Overdose deaths have been rising for more than two decades, according to new data

Nobel Prize in medicine for discovery of temperature, touch receptors

The Nobel Prize in the field of physiology or medicine has been awarded to US scientists David Julius and Ardem Patapoutian.

Medicine delivery by drones to be piloted in 16 green zones in Telangana

Jyotiradtiya Scindia said the Medicines from the Sky project under which drugs and vaccines are delivered using drones, will be taken up on a pilot basis in 16 green zones in Telangana

Govt revises NLEM: Slashes prices of 39 commonly used medicines

Revising the 'National List of Essential Medicines', the central govenrment has slashed the prices of 39 commonly used drugs.