7th November 2022 | Pharma Updates

Latest pharmaceutical industry news and updates

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Sun Pharma beats Mankind Pharma to reach top in prescriptions share

Sun Pharma has become the number one company by having the highest number of prescription share. It has almost 12,000 people in its field force which is helping them increase its penetration into the market of metros, tier-2, and tier-3 cities.

Govt to keep an eye on pharma sector's marketing practices

On Friday, a high-profile committee was formed under Niti Aayog’s VK Paul to discuss the matter of malpractices in pharma manufacturing due to gaps in the regulatory framework, with the representatives of Pharma lobby groups.

Dr. Reddy's labs lines up ₹1500 Crores CapEx

The Hyderabad-based company has reserved a CAPEX of around ₹1,500 Crore for FY23 with a major part of it designated to go into building its Biosimilars and injectables business. Apart from this, they also plan to invest in R&D activities and digitization projects.

Intas Pharma and Syna Therapeutics collaborate to market LB-0702 Globally

Syna Therapeutics has signed global rights licensing deal with Intas Pharmaceuticals Limited for the commercialization of its biosimilar drug LB-0702. The product will be developed and manufactured by Syna Therapeutics and later sent to Intas and its affiliates worldwide.

AstraZeneca, Sanofi gets nod from EU for its RSV drug

The Antibody-based drug Beyfortus has been cleared by the European Commission. It is the first single-dose drug to protect newborns and infants from respiratory syncytial virus (RSV) infections.

Vacant Drug inspector positions derail safety checks at firms and medical stores

Karnataka has 113 out of 129 positions (87%) of the drug inspector posts vacant in the state drugs control department. This has raised a concern in the state as drug inspectors are responsible for keeping a check on drug manufacturing units, pharmaceutical outlets and blood banks.

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