Cadila Pharmaceuticals, one of the largest privately held pharma companies in the country, shut down its formulations manufacturing plant in Ahmedabad on Thursday after more than two dozen of its employees tested positive for the new coronavirus. A senior government official said late on Thursday that five employees had tested positive for COVID-19 six days back, while 21 … [Read more...] about Ahmedabad Cadila Pharma Shuts Manufacturing Plant as 26 Employees Test Positive for Covid-19
Tata Sons Chairman Emeritus, Ratan Tata has invested an undisclosed amount in pharma start-up Generic Aadhaar founded by 18 years old Arjun Deshpande. The two-year-old Mumbai-based company aims at bringing affordable medicines to the masses viz a pharmacy-aggregator business model sourcing generic drugs directly from the manufacturer and providing it to the retailers, … [Read more...] about Ratan Tata invests in 18-yr-old’s start-up Generic Aadhaar
E-health startup Medlife has partnered with e-commerce firm Snapdeal to enable users to order medicines and avail full body health check-ups and curative diagnostic tests. Now users of Snapdeal can order medicines online, with a valid prescription through this partnership. Medlife’s delivery personnel, equipped with the necessary safety equipment, will … [Read more...] about Medlife, Snapdeal partner to bring medicine delivery and testing services
Domestic pharma companies enjoy a 77 per cent share of the Indian pharma market (IPM), and this share has been consistently above 74 per cent in the past four years or so. What's more, when it comes to growth rates, Indian companies have been steadily beating the multinational pharma players hands down for the past many years, and industry insiders believe that the trend is … [Read more...] about Domestic pharma firms zoom past MNCs in growth, market share
MUMBAI: In a veritable setback to the Indian pharmaceutical industry, the Supreme Court has dismissed a special leave petition filed by the Indian Pharmaceutical Alliance to block a government order notified two years ago to control prices of over a hundred drugs that were not part of the National List of Essential Medicines (NLEM). The Indian Pharmaceutical Alliance is a … [Read more...] about SC backs govt on fixing drug prices outside of essential list !!