SINGH BROTHERS FINED RS 2,600 CR FOR HIDING FACTS FROM DAIICHI

New Delhi, Medicare News, May 15, 2016 Billionaire businessman Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh have been fined nearly Rs 2,600 crore, media reports say. The…

PHARMA PROSPECTS OF NEW IPR POLICY

New Delhi, Medicare News, May 15, 2016 The government has approved a new IPR policy that seeks to encourage innovation and improve access to healthcare, food security and environmental protection.…

NOTICES ISSUED TO 263 PHARMACEUTICAL COMPANIES FOR OVERCHARGING IN FY16

New Delhi, Medicare News, May 15, 2016 The National Pharmaceutical Pricing Authority (NPPA) has issued notices to 263 firms that were found overcharging during 2015-16, Parliament was informed on Tuesday.…

GOVT TAKING STEPS TO SET UP FUNDS TO PROMOTE PHARMA SECTOR

New Delhi, Medicare News, May 15, 2016 The government is taking a number of initiatives to help pharma firms upgrade technology and promote drug discovery and innovation in the country,…

PFIZER, ALLERGAN CONSIDERING MERGER

New Delhi, Medicare News, May 15, 2016 Drugmakers Pfizer and Allergan are considering combining in what could be the biggest merger in the healthcare industry in already busy year, the…

SUN PHARMA BUYS 14 BRANDS FROM NOVARTIS IN JAPAN

New Delhi, Medicare News, May 15, 2016 In a $293 million cash deal India’s Sun Pharmaceutical Industries Ltd. has agreed to buy 14 established prescription brands from Novartis AG and…

No plea from pharma industry to resolve issues with USFDA – Govt

New Delhi Domestic pharmaceutical industry has not approached the government for early intervention to resolve regulatory issues faced by them in the US, Parliament was informed today. There is no…

Govt. taking steps to set up funds to promote pharma sector

New Delhi The government is taking a number of initiatives to help pharma firms upgrade technology and promote drug discovery and innovation in the country, Parliament was informed . The…

Blatant violation of D&C act – Huge claims but no truth

New Delhi The ASCI’s Consumer Complaints Council (CCC), found 80 out of 133 advertisements to me misleading in nature. These advertisements include a large number of top pharmaceutical firms. A…

Hyderabad hospital to pay Rs 47 lakh for death by negligence

New Delhi The National Consumer Disputes Redressal Commission has ordered a Hyderabad hospital to pay Rs 47 lakh in compensation to the family of a policeman who died due to…