Page 3 - Pharmaceutical
Covid vaccine sales push Moderna to $12-bn profit in 2021
The vaccine maker's COVID-19 shots, which are now available in more than 70 countries, totalled USD 17.7 billion in sales last year, their first full year on the market
 "Covid vaccine sales push Moderna to $12-bn profit in 2021")
Purdue's Sacklers boost opioid settlement offer up to $6 billion
As part of the deal, Purdue will hand over nearly all of its assets to the states, cities and counties that are suing the drugmaker over its handling of the pain killer OxyContin
 "Purdue's Sacklers boost opioid settlement offer up to $6 billion")
Reckitt quarterly sales beat estimates on boost from hygiene products
The company has benefitted during the pandemic from people buying more cleaning products, besides cold and flu remedies like Lemsip and Strepsils
 "Reckitt quarterly sales beat estimates on boost from hygiene products")
Mankind Pharma acquires two derma and respiratory brands from Dr Reddy's
Mankind Pharma to take over manufacturing, marketing and distribution of both products in India; entire integration and transition of the brands likely to be completed by March
 "Mankind Pharma acquires two derma and respiratory brands from Dr Reddy's")
Hyderabad's Biophore to manufacture ingredients of Pfizer's Covid drug
Biophore India Pharmaceutical announced that it developed and started manufacturing the key intermediates of Nirmatrelvir, one of the active ingredients of Paxlovid, the latest anti-Covid therapy
 "Hyderabad's Biophore to manufacture ingredients of Pfizer's Covid drug")
Aurobindo Pharma gets warning letter from USFDA for API facility
Aurobindo Pharma on Friday said it has received a warning letter from the US health regulator for its Hyderabad-based Unit I, an API manufacturing facility.
 "Aurobindo Pharma gets warning letter from USFDA for API facility")
Ipca Labs down 6% as stock turns ex-date for 1:1 split
The pharmaceutical company has fixed Tuesday, January 11, 2022, as the 'record date' for the members entitlement of sub-divided shares.
 "Ipca Labs down 6% as stock turns ex-date for 1:1 split")
What ails Indian pharmaceutical space? Here's what CCI says
Cardiac medicines accounted for the highest volumes in 2020. Despite the burden of diabetes rising, its share in volumes was low; however, its share in total value was higher
 "What ails Indian pharmaceutical space? Here's what CCI says")
Demerger to give a push to both pharma and financial services: Ajay Piramal
In a Q&A, the Chairman of Piramal Group talks about the prospects of both businesses, the rationale for the demerger and how supply side issues are impacting Indian companies
 "Demerger to give a push to both pharma and financial services: Ajay Piramal")
Drugs and Pharma sectors lead growth in India's exports from SEZs
Led by drugs and pharmaceuticals, India's exports from special economic Zones (SEZs) rose by 41.5 per cent on a year-on-year (YoY) basis to Rs 2.15 lakh crore in Q1FY22
 "Drugs and Pharma sectors lead growth in India's exports from SEZs")
Lupin, Glenmark shift focus to inhalation and nasal Covid-19 drugs
Lupin working on remdesivir powder inhaler; Glenmark to do trials on Nitric Oxide Nasal Spray
 "Lupin, Glenmark shift focus to inhalation and nasal Covid-19 drugs")
Alembic Pharma posts 45% dip in Q1 net at Rs 165 cr amid price erosion
Firm's consolidated revenues from operations also fell marginally to Rs 1,326 cr in Q1FY22, from Rs 1,341 crore a year ago
 "Alembic Pharma posts 45% dip in Q1 net at Rs 165 cr amid price erosion")
Premium valuations for specialty chemicals to sustain on multiple tailwinds
Near-term upsides however are limited given the spurt in stock prices
 "Premium valuations for specialty chemicals to sustain on multiple tailwinds")
Over 300 pharma, healthcare companies eligible for new Covid loans: Crisil
Hospitals to gain most with up to 3.5% dip on cost of funds; may add half a million beds, says rating agency
 "Over 300 pharma, healthcare companies eligible for new Covid loans: Crisil")
A dynastic dive into opioids
Book review of Empire of Pain: The Secret History of the Sackler Dynasty
 "A dynastic dive into opioids")
Indian pharma exports grow at 18% to $24.44 billion in FY 21 from $20.58 bn
Pharma exports from India witnessed over 18 per cent growth to USD 24.44 billion during the last financial year against USD 20.58 billion in FY20
PM Narendra Modi to talk PLI scheme road map with India Inc this week
Top executives from telecom, electronics, food processing, pharmaceuticals, steel, and textiles will interact with the PM on Friday via video conferencing
 "PM Narendra Modi to talk PLI scheme road map with India Inc this week")
Dr Reddy's launches stomach, esophagus problems treatment drug in US
The product is a therapeutic equivalent generic version of Prevacid SoluTab delayed release orally disintegrating tablets approved by the US Food and Drug Administration (USFDA)
 "Dr Reddy's launches stomach, esophagus problems treatment drug in US")
Glenmark Pharma gets USFDA approval for nervous system stimulant drug
Glenmark Pharmaceuticals Ltd has been granted final approval by the United States Food and Drug Administration (USFDA) for Amphetamine Sulfate tablets USP
 "Glenmark Pharma gets USFDA approval for nervous system stimulant drug")
The next online tonic: E-majors, corporate giants eye e-pharmacy business
Amazon, Reliance recently announced their foray into e-pharma sector
 "The next online tonic: E-majors, corporate giants eye e-pharmacy business")
