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PGI Pharma head quoted that the price of a drug must be calculated on the basis of production cost and the drug packaging must contain MRP (Maximum Retail Price) and purchase price so that the profit margin is shown on it.
The company under Jagsonpal Pharmaceuticals Limited Employees Stock Option Plan, 2022 has granted 10,47,920 employee stock options at an exercise price of Rs. 235 per option.
The termination of Mehta Pharmaceuticals unit in Chheharta has led to 100 employees being jobless. The unit was involved in the manufacturing of API (Active Pharmaceutical Ingredient) from herbal extracts.
Government official sources have stated that the criteria for the addition or deletion of products in the NLEM is based on many factors and the decisions to drop some medicines off the list have not been taken over the presence of side effects or cancer concerns.
Novavax has announced the submission of a request to WHO (World Health Organization) to renew the EUL (Emergency Use Listing) of Nuvaxovid vaccine indicated to be administered as a booster dose to prevent COVID-19 in adults aged 18 and older.
The company received an approval for its gene therapy “SKYSONA” for a rare neurological disorder. The therapy is expected to be made available commercially by the end of 2022 through a limited number of qualified treatment centers across the US.
The clinical stage biotech company has
received clearance from US regulatory body
for its IND (Investigational New Drug)
application for a phase II study in DKD
(Diabetic Kidney Disease) for INV-202,
which is the company’s lead program.
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