China lifts price controls on most medicines

Last Updated: Tuesday, May 5, 2015, 18:16

In a major reform in its mostly state-controlled health sector, China Tuesday announced that it will lift price controls on most medicines from next month in a bid to keep drug prices in check by adopting market-driven pricing system.

Shanghvi did not buy Daiichi Sankyo's shares: Sun Pharma

Last Updated: Wednesday, April 22, 2015, 12:04

The company was clarifying on speculations that Sanghvi, who holds 9.61 percent stake in Sun Pharma, had bought shares when Daiichi Sankyo exited from the Indian firm.

Daiichi Sankyo to offload stake in Sun Pharma worth Rs 22,000 cr

Last Updated: Monday, April 20, 2015, 18:53

Japanese drug maker Daiichi Sankyo Monday said it board has approved selling a part or entire 9 percent holding worth over Rs 22,000 crore in Indian drug major Sun Pharmaceutical.

Pharma shares fall; Sun Pharma top loser on Sensex

Last Updated: Thursday, April 9, 2015, 21:45

Pharma shares fell by up to 3.6 percent Thursday amid reports that global brokerage firm Bank of America Merrill Lynch has downgraded some of the drug firms.

Govt allows pharma companies to hike prices of 509 essential drugs

Last Updated: Wednesday, April 8, 2015, 14:35

The government has allowed pharmaceutical companies to hike rates of 509 essential medicines used for treating various ailments like diabetes, hepatitis and cancer by 3.84 percent with effect from April 1.

CCEA clears Glenmark, Aurobindo proposals worth Rs 4,187 cr

Last Updated: Tuesday, April 7, 2015, 21:49

Pharmaceutical majors Glenmark and Aurobindo's foreign investment proposals, worth Rs 4,187 crore, were approved by the government Tuesday.

CAG blames I-T Dept for Rs 1348 cr tax loss in pharma sector

Last Updated: Friday, March 20, 2015, 19:28

Coming down heavily on the I-T Department, CAG has said non-compliance of procedures for giving incentives to pharmaceutical firms, including Ranbaxy, Dr Reddy's and Piramal, resulted Rs 1,348.44 crore loss to the exchequer.

Govt may set up new Ministry for pharmaceuticals sector

Last Updated: Thursday, March 12, 2015, 15:20

The government may establish a separate Ministry for the pharmaceuticals sector, which would comprise all departments that deal with issues related to the industry.

FIPB refers Rs 4,197 cr Glenmark, Aurobindo proposals to CCEA

Last Updated: Thursday, February 19, 2015, 21:15

The Finance Ministry Thursday referred the foreign investment proposals worth Rs 4,187 crore in pharma firms - Glenmark and Aurobindo - to the Cabinet Committee on Economic Affairs.

Govt to come with plans to improve bulk drug manufacturing capacities

Last Updated: Wednesday, February 18, 2015, 13:23

The government will shortly come out with strategies to improve bulk drug manufacturing capacity in India in order to reduce dependence on China for import of bulk drugs.

R&D activities in pharma may get tax boost in Budget

Last Updated: Sunday, February 15, 2015, 11:05

"There is an urgent need to boost R&D in the pharma sector. India is the hub of generic medicines. It contributes significantly to the country's total exports," the official added.

Biocon to invest 10% of biopharma revenues on R&D next fiscal

Last Updated: Sunday, February 1, 2015, 20:27

Continuing it emphasis on innovation, biotechnology major Biocon plans to spend 10 percent of its annual biopharma revenue on research and development in the next fiscal year.