Generico raises $3m in Series A funding
NEW DELHI: Generico, a Mumbai-based pharmacy retail startup exclusively selling low-cost generic medicines, has raised $3 million in Series A funding from early stage investment funds Tomorrow Capital and Whiteboard…
Price caps on drugs helped patients save Rs 11.5k cr: Government
Mumbai: Price caps on 856 essential medicines fixed by the National Pharmaceutical Pricing Authority (NPPA) have resulted in savings of Rs 11,462 crore for patients, said minister of state for…
Pharma industry returns on R&D investment hit 9-year low
LONDON: The cost of developing a new drug has nearly doubled since 2010 and the world’s 12 biggest drugmakers are making the lowest return on their R&D investments in nine…
3.36% of about 82,600 drugs samples found to be substandard
As many as 2,783 samples or 3.36 per cent of the total 82,599 samples tested by drug controllers of various states and Union Territories in 2017-18 were declared substandard, Parliament…
No online sale of medicines till norms in place, says Delhi High Court
The Delhi High Court on Tuesday said its stay on sale of drugs and prescription medicines by online pharmacies will continue till rules are framed to regulate such entities. A…
Maha FDA Approaches State Govt To Form Registered Society For Price Monitoring Cell
Mumbai: Maharashtra Food and Drug Administration (FDA) has submitted a proposal to the state government to form a registered society for setting up price monitoring and resource unit (PMRU) at…
Govt May Hike Custom Duty On Medical Devices By 15-20%
Mumbai : The Central government is actively considering a proposal to increase custom duty on medical devices by 15-20% to promote indigenous manufacture of medical devices. The announcement to this…
Free pharma samples come under GST lens
Top executives of India’s $37-billion pharmaceutical industry have a new destination on their frequent travel plan – Kanpur. The director-general of the intelligence wing for goods and services tax (GST)…
Madras HC bars e-sale of drugs from Thursday
Mumbai: In what could be a big disappointment for e-pharmacies and a huge inconvenience to patients, the Madras high court barred online sale of medicines from December 20, while directing…
Medicines worth Rs 80,000 found dumped in BTM Layout park
On Saturday night, residents of BTM Layout found 15 big cartons of medicines, with tablets, syrups and syringes inside, dumped at an open ground in 2nd Stage, BTM Layout. It…
