28th September 2022 | Pharma Updates

Latest pharmaceutical industry news and updates

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Torrent Pharma announced acquisition of Curatio Health Care for ₹2000 Crore

The company has signed a definitive agreement to acquire 100% of the dermatology company Curatio Health Care Private Limited. The addition of Curatio to Torrent Pharma will add a ground force of 600 MRs and a strong distributuion network of 900 stockists.

FDA J&K cancels licenses of Medical Stores and Pharma Dealers

A team from the Drug Control department Jammu & Kashmir conducted a drive to inspect the Pharma Dealers and Medical Stores in various parts of Srinagar to check if the drugs are being sold according to the prescriptions prescribed by registered medical practitioners or not.

Pharma imports to become costlier with constant dip in the value of rupee

On Tuesday, Rupee observed an all-time record low of ₹81.52 against the Dollar, nearly 12% increase from ₹73 last September. The fall of rupee will result in increased cost of imports as importers will have to spend more Rupees per Dollar.

J&J appeals to FDA Minister to withdraw the cancellation of license

Johnson & Johnson has filed a plea to the Maharashtra FDA Minister Sanjay Rathod to revoke the cancellation of the license to manufature baby powder. The cancellation order was issued earlier this month by the regulatory body over safety concerns.

Takeda Pharma India announces becoming signatory of largest global sustainability initiative

The company announced its India operation to become a signatory of the UNGC (United Nations Global Compact), the largest global sustainability initiative, owing to which Takeda Pharma has committed to adopting the ten principles of UNGC.

Saveo raises $3.4 Million seed fund for B2B pharma supply chain

Britain B2B pharmacy marketplace company raised INR 28.38 Crore ($3.47 Million) in a seed funding round. It will use these funds to speed up the growth of the company and to meet its current working capital requirements and financial expenditures.

Drug regulators at iPHEX willing to establish mutual recognition of regulation approvals

Drug regulatory authorities from more than 70 countries meeting at the 8th edition of iPHEX (an International Exhibition of Pharma and Healthcare) gave affirmation to forge mutual recognition agreements in the regulation of medicines which will result in faster regulatory approvals. 

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