Page 6 - Pharmacy

Govt forms 5-member committee to review pharma marketing practices

It will recommend 'legally enforceable mechanisms', is expected to give a report in 90 days

Core brands, new launches to help Abbott India stock outperform: Analysts

Analysts expect double-digit growth for pharma major even if Q1 disappointed

Bharat Biotech awaits booster dose nod for intranasal vaccine iNCOVACC

Bharat Biotech did not comment on its plans to make this vaccine available for young children

Online pharmacy platform Tata 1mg turns unicorn after raising $40 mn

Funding round was led by Tata Digital; Tata 1mg has become 105th unicorn in India

Molbio Diagnostics looking to expand test menu on its Truenat platform

The company is also open to raising funds and has been in talks with PE and VC funds for the same

Start-ups collaborate with chemists, shake up offline pharma business

Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies

Going off-patent, key diabetes drug likely to get 50-70% cheaper

Merck's Sitagliptin set to lose patent this month; around 200 brands from 50 firms may enter the market

Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June

India's traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion

Glenmark acquires Wockhardt's key OTC brands in US for undisclosed sum

Deal includes approved ANDAs for famotidine tablets, used in treatment and prevention of ulcers stomach and intestinal ulcers

Boehringer Ingelheim obtains ad-interim injunctions on 4 Indian pharma cos

The firms had launched generic versions of Boehringer's patent-protected drug Linagliptin, which is marketed under the brand name Trajenta

Lupin inks licensing pact with Alvion to market drugs in Southeast Asia

The Mumbai-based company said it is committed to providing affordable treatment options to healthcare providers and patients

Two Cipla promoters sell 20 mn shares; promoter group now holds 34.23%

Chairman Y K Hamied and Vice Chairman MK Hamied, who are non-executive directors and promoters, have sold 2,01,69,756 shares on Tuesday

Ipca Laboratories' PAT declines 26% to Rs 199.9 crore in December quarter

The company had posted a consolidated net profit of Rs 265.47 crore in the corresponding period last fiscal, Ipca Laboratories said in a regulatory filing

Natco Pharma consolidated net profit up 27% to Rs 80 crore in Dec quarter

The Hyderabad-based company had reported a net profit of Rs 63.4 crore in the October-December period of previous fiscal

API Holding's RetailIO successfully pilots drone-based medicine delivery

The test-flight was focused on delivering critical lifesaving medicines to hospitals in under 10 minutes, maintaining the cold chain and all the norms

New-age pharmacy start-ups tap 'kirana' networks, eye US market

New entrants in the largely unorganised Indian pharmaceuticals market are trying out innovative ways to tap a vast market that lies in hinterland

Adar Poonawalla-backed pharmacy chain Wellness Forever files for IPO

Plans to raise Rs 1,500-1,600 cr; This is the second pharmacy chain to file for IPO after Hyderabad-based MedPlus, which filed its DRHP with Sebi in August

Lupin forays into diagnostics business; launch expected next month

Also, Lupin is looking for franchise partners with an investment of Rs 2-5 lakh without any security deposit

Lupin bets big on inhalation segment, plans to enter Chinese market

Lupin's portfolio and pipeline addresses 70 per cent of the entire market

Andhra to conduct Engineering, Agri, Pharmacy CET between August 19-25

The examination will be conducted online and the notification for EAPCET will be released on June 24.