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The company has filed its draft herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through IPO (Initial Public Offering). The IPO is expected to be of around ₹5,500 crore and could be one of the largest ever in pharma.
Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers has sought an improvement of paragraph 19 of the Drug Price Control Order to fix the MRP of any class of non-scheduled drugs under TMR (Trade Margin Rationalization).
Zydus Lifesciences announced that its US arm has received preliminary approval from the regulatory body to market its generic version of Sugammadex injection.
Food and Drug Administration in Maharashtra canceled the company’s license over safety concerns on Thursday barring them from manufacturing or selling its baby powder in the state.
In a worker Adjustment and Retaining Notification (WARN) alert filed this week, AbbVie and BMS (Bristol Myers Squibb) informed California that they plan to lay off 99 and 261 employees respectively in the month of November this year.
On Friday, government launched Sitagliptin and its combinations such as Sitagliptin and Metformin Hydrochloride tablets of 50mg/500mg priced at ₹65 for a pack of ten and 50mg/1000mg priced at ₹70 for the same pack to be sold at generic pharmacy stores and Janaushadhi Kendras.
Novartis has filed a petition to the US
regulatory body to not approve any copies
for its blockbuster heart failure drug Entresto
till the end of its three-year exclusivity period
in February 2024.
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