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GSK dismisses near-term split as new drugs offset falling Advair
Thursday, February 04, 2016GlaxoSmithKline said on Wednesday the chance of it spinning off or selling its consumer health business before was extraordinarily low arguing the groups strategy was delivering helped by rising sales of new medicines Growing demand for recently la...
Merck gives cautious 2016 outlook as sales of top medicines lag
Thursday, February 04, 2016Merck Co Inc on Wednesday issued a cautious outlook and reported disappointing fourthquarter sales of its Januvia diabetes treatment and its Remicade arthritis drug sending its shares down nearly percent Sales of Januvia and a related drug called...
Bharat Biotech gets breakthrough in developing Zika vaccine
Thursday, February 04, 2016A day after the World Health Organization declared outbreak of mosquitoborne Zika virus as a global health emergency cityheadquartered biotechnology firm Bharat Biotech claimed significant progress on two of its promising vaccines for Zika infection...
Cipla patriarch Y K Hamied increases stake in company to over 20%
Wednesday, February 03, 2016In a move aimed at realignment of family shareholding Cipla patriarch Y K Hamied has increased his stake in the homegrown drug major to over per cent by acquiring additional per cent Hamied who is the NonExecutive Chairman of the company has acqu...
Sun Pharma, Lupin launch generics in US
Wednesday, February 03, 2016Sun Pharmaceuticals and Lupin have launched the generic versions of top selling drugs with days sale exclusivity in the US market The product launches will give a boost to the US business of the two companies which have been hit by fewer approvals...
Valeant, Turing boosted drug prices to Fuel Preset Profits
Wednesday, February 03, 2016Drugmakers Valeant Pharmaceuticals International Inc and Turing Pharmaceuticals AG boosted the prices of newly acquired drugs to meet preset profit targets congressional investigators wrote in memos that summarized internal company documents they obt...
Sanofi, Merck said to consider exiting Vaccine Joint Venture
Wednesday, February 03, 2016Sanofi and Merck Co are considering ending a twodecadelong joint venture to sell vaccines in Europe as revenue from the products declines and Sanofi Chief Executive Officer Olivier Brandicourt reorganizes the French drugmakers operations according t...
WHO declares Zika virus a global health emergency
Tuesday, February 02, 2016The World Health Organization on Monday declared the mosquitoborne Zika virus to be a global emergency as the disease linked to thousands of birth defects in Brazil spreads rapidly The designation was recommended by a committee of independent expert...
China fines domestic drug firms for price fixing
Tuesday, February 02, 2016Chinas antimonopoly regulator has fined five domestic drug firms a total of close to million yuan for fixing the prices of their medicines the watchdog said on Tuesday as the country battles to keep medicine prices down The drug firms colluded ove...
McKesson to sell Brazilian pharmaceutical distribution business
Tuesday, February 02, 2016McKesson Corp said Monday it had agreed to sell its Brazilian pharmaceutical distribution business reflecting overall weakness in the countrys economy and the drug distributors focus on Europe The company will sell the distribution business to Brazi...
