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Mankind Pharma to invest Rs 200 crore to open 2 plants by mid-2016
Monday, November 30, 2015Drug firm Mankind Pharma will invest Rs crore to open two manufacturing plants in the country by the middle of as part of its expansion plans We plan to invest Rs crore excluding the land cost to open two plants by middle of One of them will be...
Lannett completes acquisition of Kremers Urban Pharmaceuticals for $1.23 Billion
Saturday, November 28, 2015Lannett Company Inc announced that it has completed the acquisition of Kremers Urban Pharmaceuticals Inc KU the US specialty generic pharmaceuticals subsidiary of global biopharmaceuticals company UCB SA Euronext UCB Lannett has acquired KU from UCB...
India's Alkem plans to double U.S. revenue by 2020, launch IPO in Dec
Friday, November 27, 2015Alkem Laboratories Ltd on Wednesday said it expects the contribution of the US sales as a share of overall revenue to double in the next five years just as it has doubled in the last five years International revenue which was just of the overall re...
French pharmaceutical firm Servier plans to cut 610 jobs
Friday, November 27, 2015Privatelyowned French pharmaceutical company Servier said on Thursday it planned to cut jobs and would reorganise its sales network due to competitive pressures and a tougher regulatory environment The firm said it had been penalised by patent loss...
Merck KGaA said to weigh Allergy Therapy Unit sale to Trim Debt
Friday, November 27, 2015Merck KGaA is considering a sale of its allergy business as the German company seeks to reduce debt following the billion takeover of SigmaAldrich Corp according to people with knowledge of the matter The business known as Allergopharma may fetch a...
Allergan drops appeal of order blocking Alzheimer's drug switch
Thursday, November 26, 2015Allergan PLC said on Wednesday it will not appeal to the US Supreme Court a court ruling this year that blocked the company from discontinuing its topselling Alzheimers drug in favor of a pricier version Allergan will also pay in legal expenses und...
Amgen files for U.S. approval of biosimilar to Humira
Thursday, November 26, 2015Amgen Inc on Wednesday said it filed with US health regulators seeking approval to sell its first biosimilar drug which would be a less expensive alternative to AbbVies Humira the worlds topselling prescription medicine Amgen said its drug ABP has...
Denmark-Based Xellia Pharmaceuticals to open manufacturing center in Bedford, Ohio
Thursday, November 26, 2015Denmarkbased Xellia Pharmaceuticals a specialty pharmaceutical company focusing on providing important antiinfective treatments against serious and often lifethreatening infections has acquired manufacturing facilities in Bedford Ohio The facilities...
Alliance Pharma says buys Sinclair IS Pharma's dermatology unit for £132 million
Thursday, November 26, 2015Sinclair IS Pharma plc the international specialty pharma company today announces the strategic disposal of its nonaesthetics business to Alliance Pharma plc the Disposal for a total upfront cash consideration of m m consideration plus cm for estimat...
Taro Pharma drops plan to invest in Suzlon’s US power project
Wednesday, November 25, 2015Taro Pharmaceutical Industries a global subsidiary of Indias largest drug maker Sun Pharmaceutical has dropped its plan to invest in a wind power project in the United States just four days after announcing the million investment Taro which is liste...
