Pharmaceutical company Granules India Ltd reported an 80% surge in quarterly profit on Thursday, boosted by higher sales of painkiller drug Paracetamol
The recent controversy following income tax raids on Micro Labs, makers of popular paracetamol brand Dolo, is likely to make things move in making the UCPMP
People below 60 years of age with no comorbidities, infected by the Omicron variant, can begin their treatment with paracetamol, Dr Shashank Joshi, member of Maharashtra's Covid task force, said.
The Indian drug firm had initiated the legal battle in order to remove any patent hurdle in manufacturing of intravenous paracetamol solution in the country.
"The notification is further amended to remove the restriction on the export of paracetamol APIs, making it export 'free' with immediate effect," the statement read
The Indian government in March put a hold on exports of several drugs including paracetamol to secure supplies for its people after COVID-19 outbreak disrupted the industry's supply chain globally.
Data from market research firm AIOCD-AWACS shows that sales of oseltamivir (common brand Tamiflu), used against the influenza virus and also for swine flu, went up by 35.8 per cent in April
The Indian government in March put a hold on exports of several drugs including paracetamol to secure supplies for its people after the Covid-19 outbreak disrupted the industry's supply chain globally
Imports from India accounted for 24% of medicines and 31% of medicine ingredients to the United States in 2018, according to the US Food and Drug Administration
India's list of restricted medicines account for 10 per cent of its total pharmaceutical exports and includes several antibiotics, as well as Paracetamol