Pharmaceutical Industry
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Coronavirus outbreak: Govt restrains exports of a few APIs, formulations; lists essential medicines that could run out of stock
Fp Staff •In a notification, the government put curbs on the exports of certain APIs and formulations, including Paracetamol, Vitamin B1 and B12 amid the coronavirus outbreak claimed over 3,000 lives across the world.
Coronavirus outbreak: ICRA revises domestic pharma industry outlook to negative amid lockouts in parts of China
•The domestic pharma industry is highly dependent on imports, with more than 60 percent of its active pharmaceutical ingredients (API) requirement being shipped from overseas locations, especially China.
Reduce GST, form a separate ministry of pharma, zones for creation of medicines, says Indian pharma body to govt
•We are seeking from the government stable pricing policy, the Indian Pharmaceutical Alliance said
Bankers want jewellery industry to become more transparent, compliant to regain trust after Nirav Modi, Mehul Choksi scam
•Incidents like the Nirav Modi and Gitanjali Gems have broken down the trust level for the gems and jewellery industry.
Infosys and ValGenesis partner to bring paperless validation to the pharmaceutical and biotech industry
Ians •Through this Infosys said it would help biopharma and medical devices customers transform to next generation of automation driven quality.
ASSOCHAM study claims India's healthcare sector likely to reach $372 billion by 2022
Ians •The Indian healthcare market is likely to reach $372 billion by 2022 in a threefold growth in value terms, industry chamber Assocham said on Sunday, citing its latest study on the subject.
Donald Trump promises to reduce cost of prescription drugs in US, move may impact India
•US president Donald Trump has promised to bring the cost of prescription drugs way down and let other countries pay more for these medicines in a new policy.
New pharma policy will make drugs cheaper but accessibility remains a concern
Pallavirebbapragada •According to the newly proposed draft national pharmaceutical policy, the government plans to cap trade margins to make drugs cheaper, replace brand names with names of salts or generic drugs, clamp down on unfair marketing practices and give a boost to local manufacturing to reduce dependence on imports.
Facebook plans to sell advertisements to pharmaceutical industry
Ians •Facebook will host a summit in June that is dedicated to health and aims to sell ads to the pharmaceutical industry, a media report said.
IndiaSoft Technologies To Distribute DynoChem In India
Fp Archives •PFD identified IndiaSoft's Process Solutions Division as having the requisite resources and progressive outlook that fitted well with the opportunity to serve the Indian pharma market with a local presence.