Trial by fire: Novelis may see bigger cash flow hit

In the wake of a second devastating fire at its Oswego facility, Novelis Inc. has revised its expectations dramatically, now forecasting a staggering impact on its free cash flow. Originally bracing for a loss of $550-650 million, the company is now looking at potential damages between $1.3-1.6 billion prior to insurance compensation.

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Zydus Life cleared to sell life-saving cancer drug; SC tells Bristol Myers to map patents

The Supreme Court has provided Zydus Lifesciences with the go-ahead to launch its cancer drug biosimilar, countering efforts by Bristol Myers Squibb to halt its progress. The court has mandated that BMS verify how Zydus's product aligns with their patent claims, with options for BMS to request provisional support from the High Court following this analysis.

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Warburg-Mubadala leads race to buy majority in Soframycin maker

Exciting developments are afoot as Encube Ethicals, a key player in the pharma contract manufacturing sector, approaches a significant acquisition. The frontrunners, Warburg Pincus and Mubadala, are intensifying their bids, valuing the company at approximately ₹16,500 crore. This move underscores the burgeoning interest investors have in Indian CDMO companies, fueled by global supply chain shifts and evolving US policies.

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French pharma giant Servier to invest €15 million to launch global single-pill platform 'GATINN' in India

French pharma group Servier is expanding in India with a €15 million investment to launch GATINN, a global platform for single pill combinations (SPCs) targeting cardiometabolic and venous diseases. The India-based hub will coordinate research, manufacturing, and exports to international markets, aiming to improve patient adherence by combining multiple drugs into a single daily dose.

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IHH Healthcare, Fortis launch initiative to strengthen healthcare innovation ecosystem

IHH Healthcare, in partnership with Fortis Healthcare, is proud to introduce IHH Catalyst. This groundbreaking initiative is designed to fast-track the integration of innovative technology in healthcare across India. By empowering promising health-tech and med-tech startups to shift from concept to concrete implementation, IHH Catalyst aims to elevate patient care and optimize hospital processes.

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AstraZeneca gets CDSCO nod to market cancer drug Imfinzi for additional indication

AstraZeneca Pharma India has secured approval from India's drug regulator for Durvalumab, marketed as Imfinzi. This new indication allows its use in treating advanced or recurrent endometrial cancer. The drug will be administered in combination with other therapies for initial treatment. Following this, Durvalumab will be used as maintenance therapy for specific patients.

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Lupin clears Mirabegron patent dispute with Astellas in $90 million deal, secures US sales continuity

Drugmaker Lupin has settled a patent infringement dispute with Astellas Pharma over its Mirabegron product for $90 million. The agreement includes a $75 million prepaid option payment and a per-unit license fee. This resolution allows Lupin to continue marketing Mirabegron in the U.S., removing a significant legal obstacle.

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