India drugmaker stocks exception in Asian rout

Last Updated: Thursday, September 3, 2015, 08:14

Continued strength in the dollar when the Federal Reserve raises interest rates will also boost their income. More than 40 percent of over-the-counter and generic prescription drugs sold in the United States come from India.

Sun, Wockhardt recall drugs from US market

Last Updated: Sunday, August 30, 2015, 13:28

Sun Pharma and Wockhardt have separately initiated voluntary recall of a number of drugs from the US market due to different reasons.

'Indian pharma industry capable of discovering new drugs'

Last Updated: Saturday, August 29, 2015, 20:22

Indian pharma industry is capable of discovering at least a couple of new drugs in the next 10 years, Sun Pharmaceutical Industries founder and managing director Dilip Shanghvi said today

Germany suspends marketing of 54 drugs tested by India's GVK Bio

Last Updated: Saturday, August 22, 2015, 11:09

Germany has suspended marketing of 54 drugs tested by GVK Biosciences in compliance with the European Union's ban on around 700 generic drugs.

Glenmark receives USFDA nod for oral contraceptive drug

Last Updated: Wednesday, August 19, 2015, 11:47

"Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Drospirenone and Ethinyl Estradiol tablets USP, 3 mg/0.02 mg," the company said in a BSE filing.

Dr Reddy's to market three Amgen drugs in India

Last Updated: Thursday, August 6, 2015, 12:57

Dr Reddy's Laboratories on Thursday said it has inked a pact with US-based biotechnology firm Amgen to market its three drugs used to treat heart diseases and cancer in India.

Wockhardt recalls over 50 lakh bottles of various drugs in US

Last Updated: Monday, August 3, 2015, 22:59

Wockhardt is recalling over 50 lakh bottles of various drugs, used for treating ailments like high blood pressure and ulcer, in the US market due to deviations in current good manufacturing practice norms laid down by the American health regulator.

After complaints, FDA collects samples from Amul godown

Last Updated: Wednesday, July 29, 2015, 20:47

Food and Drugs Administration (FDA) officials have raided Amul's godown here and took away six samples of its various milk products for testing.

Maggi case: Nestle violated laws, alleges Maharashtra FDA

Last Updated: Tuesday, July 28, 2015, 19:14

The Food and Drugs Administration of Maharashtra on Tuesday told the Bombay High Court that Maggi noodles manufacturer Nestle India violated laws with the lead level in the popular instant snack being above the permissible limit.

Hikma buys US generic drugmaker Roxane for $2.65bn

Last Updated: Tuesday, July 28, 2015, 15:59

London-listed pharmaceuticals firm Hikma on Tuesday bought US generic drugs company Roxane from German peer Boehringer Ingelheim for $2.65 billion (2.40 billion euros) in the sector`s latest rapid round of consolidation.

EU suspends sale of 700 generic drugs made in India

Last Updated: Monday, July 27, 2015, 23:55

European Union nations have until August 20 to suspend the sale of some 700 generic drugs made in India, the EU`s executive confirmed on Monday.

Pharmexcil sees $1.2 billion export hit from EU ban

Last Updated: Monday, July 27, 2015, 18:39

India's business loss arising from the European Union's ban on 700 generic drugs is likely to be around USD 1.2 billion, says industry body Pharmexcil.