Wednesday 14 Aug '13Decks have been cleared for the approval of R5,500-crore worth foreign direct investment proposals in brownfield pharmaceutical projects involving transfer of control, ending a policy logjam.
Tuesday 30 Jul '13A consensus seems to have emerged within the government over FDI in brownfield pharma with the Foreign Investment Promotion Board (FIPB) clearing six FDI proposals worth R855 crore in its meeting on Monday.
Thursday 18 Jul '13The $22-billion pharma giant Abbott plans to enter new therapeutic areas and launch new molecules to earn more than 50% of its global sales from emerging markets like India in the next two years.
Thursday 20 Jun '13The National Pharmaceutical Pricing Authority (NPPA) will change the ceiling prices of medicines — notified on Monday — which brought down average prices of painkillers, antibiotics and cardiac drugs by around 30%, after the authority concludes its data collection exercise.
Tuesday 18 Jun '13The method of calculating ceiling prices of essential drugs has kicked up a row even as the National Pharmaceutical Pricing Authority (NPPA) on Monday notified maximum retail prices of 151 packs of medici
Tuesday 18 Jun '13Indian drug major Sun Pharmaceutical Industries last week agreed to pay $550 million to New York-based Pfizer as part of an out-of-court settlement of the Protonix patent infringement lawsuit.
Wednesday 12 Jun '13Fears that Big Pharma controlling Indian drugmakers could reduce access and affordability of key medicines have triggered rules on 100% foreign direct investment, but sales data show there is little to worry.