Pharma Sector

The latest drug recalls just add to a long line of scandals that have tainted the pharma sector of India

Pharma shares like Aurobindo Pharma, Zydus Lifesciences, Sun Pharmaceutical Industries Ltd, Glenmark Pharmaceuticals may rise up to 14 per cent.

Earlier this month, the company had incorporated a wholly-owned subsidiary, Morepen RX.

In the near term, higher R&D costs and a recent acquisition to weigh on earnings growth

New launches in the US, market share gains and steady domestic growth are positives

Surge in demand for Covishield led to a huge spike in its revenues and profits

System will bring together stakeholders like manufacturers, distributors, state-run agencies to ensure quality

The state government participated in the country's largest pharma expo to showcase the pharma ecosystem and invite potential medical devices players for investments

Analysts believe that some of the recent observations from the US FDA are critical in nature and could lead to a potential Official Action Indicated (OAI) classification for the Indore plant

Proposals to be discussed at Hyderabad conclave include having a centralised drug registration system under CDSCO

Appointment comes at a time when India's pharma regulatory landscape is under the scanner

It's a high growth phase for us in Biocon Biologics: We crossed the Rs 1,500-crore mark in revenue for the first time this quarter. We will exit this year (FY23) at Rs 2,000-crore level

Torrent Pharmaceuticals on Tuesday said it has forayed into the over-the-counter segment in the country with Shelcal 500, a calcium supplement brand. With its composition of 500mg Calcium and 250 IU of Vitamin D3, Shelcal 500 helps optimise calcium absorption, increases bone density, improves muscle strength and helps boost immunity. The calcium is sourced from natural ingredients like oyster shell, having good absorption/bioavailability in the body. "With Shelcal's entry into OTC, the brand is poised to become the largest calcium supplement brand in India," Torrent Pharmaceuticals Director Aman Mehta said in a statement. According to studies, 40.6 per cent of Indians are calcium-deficient, while 79 per cent are Vitamin D-deficient.

Aurobindo Pharma Limited on Thursday said its consolidated net profit for the quarter ended January 31 was down by 18.7 per cent to Rs 491.2 crore against Rs 604.3 crore in Q3FY22. A press release from the drug maker said revenue from operations during the quarter under discussion was up by 6.7 per cent to Rs 6,407.10 crore against Rs 6,002.2 in the same period last fiscal. Commenting on the company's performance, K Nithyananda Reddy, Vice-Chairman and Managing Director of the company said "We witnessed an improved momentum backed by recovery across our business verticals and our endeavor is to continuously innovate and differentiate." In line with the companys commitment to innovate, there is an increase in the investments in Biosimilars. The company aims to sustain the momentum with new launches, improved cost efficiencies and adherence to the highest standards of compliance, supported by strong execution, he further said. During the quarter, formulation revenue increase by 9.2

The company is actively recruiting its field force, and aims to have 600-700 medical representatives by the end of 2023

Govt should not solely depend on monetary incentives

Global Pharma has initiated a voluntary recall at the consumer level of all unexpired lots of EzriCare Artificial Tears and Delsam Pharma's Artificial Tears

It is hoped there is both a short- and long-term vision to make India a leader in the pharmaceutical sector beyond generic drug manufacture

A mission will be launched to eliminate sickle cell anaemia in the country by 2047, says Finance Minister

In December, the domestic pharmaceuticals market grew 10.4 per cent on exceptional growth in both volume sales and prices