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The leading vaccine maker is working with Bank of America on the demerger process, said the people cited above. About 60% of Sanofi India is owned by Sanofi and wholly owned subsidiary Hoechst Gmbh. The rest is held by foreign and domestic institutional investors along with retail investors.
Through the MPP-ViiV Healthcare agreement, the three generic manufacturers will be able to develop, manufacture, and supply generic versions of cabotegravir LA for PrEP, in 90 countries, subject to required regulatory approvals. Aurobindo and Viatris will manufacture in India; Cipla will manufacture in India and has plans to manufacture in South Africa as well.
However, the API sale process, which was launched a couple of months ago, has seen no serious buyers, added multiple people aware of the development. The company has been seeking a valuation of $600-700 million (₹5,000 crore) for the API business and hired Jefferies to run the sale process.
Bayer has set up the oxygen plant at the CN Centre of the Gauhati Medical College and Hospital (GMCH), in partnership with LabourNet as part of its CSR initiative. The PSA Oxygen Plant has been designed to cater to the high demand for medical-grade oxygen at the hospital.
JB Chemicals & Pharmaceuticals is keen to explore new opportunities in the world of metabolics and improve its own chronic contribution to be up to around 60% of its India business. With chronic holding 50% of its domestic sales, the move into diabetes – growing at little over 10% a year, valued at around $5bn to $6bn - would make an attractive market.
The company has received the final approval for Levothyroxine Sodium for Injection in strength of 100 mcg/vial, 200 mcg/vial, and 500 mcg/vial from the US Food and Drug Administration (USFDA), the drug firm said in a statement.
As Covid-19 vaccines emerged a lot of countries suspended the Oxford-AstraZeneca jab due to adverse health impact. The US never approved it. However Bhargava said that India doesnt need to follow the US and due regulatory process was followed before approval of the vaccine.
Soliqua is indicated as treatment to improve glycemic control as an adjunct to diet and exercise, in adults with obesity and type 2 diabetes who are insufficiently controlled on oral or injectable therapies.It comes in once daily dosing of pre-filled pens in fixed-ratio combination of 10-40 and 30-60 of insulin glargine and lixisenatide.
The MR vaccine was developed by Hyderabad-based IIL in exclusive partnership with Vietnam's state owned Center for Research and Production of Vaccines and Biologicals, also called Polyvac, Vietnam.
These are the generic equivalent of Ingrezza capsules, 40 mg, 60 mg, and 80 mg, of Neurocrine Biosciences, Inc, it added. Valbenazine capsules had estimated annual sales of USD 1,235 million in the US, the company said, citing IQVIA MAT December 2022 data.
A ransomware group has claimed responsibility for 'IT security incident' at Sun Pharma whose effect included breach of certain file systems and the theft of certain company data and personal data, the drugmaker said in a stock exchange filing. The company said it is currently unable to determine other potential adverse impacts of the incident.
At present, it has nearly 8,300 beds across 28 hospitals. Negotiations between Manipal and Emami had started in 2018 and, last year, Manipal had agreed to buy AMRI for ₹1,800 crore. But the Kolkata-based Emami Group backed out from the agreement, causing Manipal to initiate arbitration proceedings.
USFDA said the company is recalling the product due to "failed impurities/ degradation specifications". An out-of-specification (OOS) result was observed during release testing of one lot for a related substance, i.e. Beta-lumicolchicine, it added. Zydus commenced the Class III recall on February 24 this year.
As per US Food and Drug Administration (USFDA), Form 483 is issued to a firm's management at the conclusion of an inspection when the investigator has observed any conditions that may constitute violations of the Food Drug and Cosmetic (FD&C) Act and related Acts.
The final phase of the second ZS Prize Healthcare Challenge, which aims to encourage and promote the availability of the best medical technology in India, has been reached. Twenty healthcare innovation teams were first picked from among the 22,000 idea submissions, and now 8 finalists have been selected.
The transaction will consummate only after a nod from the Competition Commission (CCI), they said. Pai currently holds a 51% in MHE, followed by 20% by PE fund TPG Group, 18% by Temasek, 10% by National Investment & Infrastructure Fund (NIIF) and 1% by employees.
The USFDA noted that the Mumbai-based drug firm was the first abbreviated new drug application (ANDA) applicant with a paragraph IV certification for Calcipotriene and Betamethasone Dipropionate Foam, it added. "Therefore, with this approval, Glenmark is eligible for 180 days of generic drug exclusivity for Calcipotriene and Betamethasone Dipropionate Foam," the drug firm said.
The decision to cancel the licence was taken after the Regional Drugs Testing Laboratory (RDTL), Chandigarh, which tested the samples of the cough syrup, found 22 out of 36 were "not of standard quality" or adulterated and spurious.
China, whose home-grown vaccines are seen as less effective than the Moderna and Pfizer-BioNTech mRNA shots, has been racing to develop vaccines using messenger RNA (mRNA) technology since early 2020. The long-awaited approval comes as infections have fallen sharply across China since it suddenly dropped its strict "zero-COVID" curbs in December, making the sales outlook for the newly approved vaccine moderate.
The UP Drug Controller has cancelled the license of Marion Biotech, the Noida-based manufacturer of the alleged contaminated cough syrup, linked to the death of 18 children in Uzbekistan. The move comes after the Regional Drugs Testing Laboratory (RDTL) found samples of the cough syrup, which tested negative for quality and contained adulterated and spurious substances. The UP police have arrested three people in connection to the case; UP Drug Controller and CDSCO team have also launched a joint probe of the Noida-based facilities. The company holds an export licence to manufacture Dok-1-Max syrup and tablets.
Covid death toll in India climbed to 5,30,813 with five deaths. One death each has been reported by Chhattisgarh, Delhi, Gujarat and Maharashtra while one fatality was reconciled by Kerala, the data updated at 8 am stated.
"In present times when multiple viruses are doing the rounds across the city, there is not one specific symptom that can help us to differentiate. Thankfully, the number of Covid-19 cases are currently few. The symptoms are mainly cold, cough, fever, runny nose, muscle aches, and headache. Occasionally patients also develop vomiting and diarrhea. The previous hallmark seen with earlier Covid-19 variants was the loss of sense of smell and taste, which is rarely seen now," said Anita Mathew, infectious disease specialist, Fortis Hospital Mulund.
Eating 20 grams of almonds before each meal can reverse prediabetes in almost a quarter of people, according to a study led by Anoop Misra, Professor and Chairman at Delhi-based Fortis-C-DOC Centre of Excellence for Diabetes. The research, which was conducted on 60 prediabetic study participants aged between 18 and 60, found the introduction of almonds into diets helped normalise blood sugar levels.
Gennova has developed an Omicron specific vaccine GEMCOVAC-OM which has been assessed for its safety and immunogenicity when administered as a booster in participants who have received two doses of Covishield and Covaxin, the two main Covid-19 vaccines used in the immunisation drive.
Abhilash Lal, the EY-backed resolution professional of the hospital chain, has written to the Municipal Corporation of Greater Mumbai (MCGM) seeking control over the operations and accounts of the facility. In March 2020, MCGM took over the operations of the Mumbai hospital under the Disaster Management Act and declared it a hospital dedicated to curing Covid patients.
