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Alkem Laboratories recently announced that StemOne received the approval from DCGI (Drug Controller General of India) to launch the first allogenic cell therapy product for commercial use in India.
Hyderabad-based company signed an agreement with a UK based company named NeoVac, which has been working on the PRD (process research development) to develop Lipid nanoparticles (LNP) used to prepare RNA vaccines for many diseases.
The company soared by 4.08% to Rs 368.95 after it declared that its CRO (Clinical Research Organization) AnaCipher has successfully cleared US FDA inspection without the issuance of a single 483 observation.
US FDA has increased its inspection activities in India and have plans of conducting more surprise or short notice inspections bringing the drugmakers enjoyment period that began with the onset of COVID-19 to an end.
Federal litigation mentions five types of Cancer allegedly caused by the consumption of the drug, but concern arises when litigators who used Zantac are filing lawsuits mentioning other kinds of Cancer.
There is a strong need to develop Bangladeshi Pharma industry while its transitioning out of LDC (Least Developed Countries). Only 1.94% of total foreign direct investment in Bangladesh comes from Pharmaceuticals and chemicals which must be increased.
Chlorantraniliprole (CTPR) technology is used
in the formulation of this broad-spectrum
insecticide that can be used to control pests in
different types of crops. An approval for this
technology resulted in a rise of the company’s
stocks by 2.5%.
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