AI Opening New Avenues of Growth in Pharmaceutical Industry

The pharmaceutical industry is anticipated to register a CAGR of 11.34 per cent until 2028. The sector has undergone a significant transformation owing to the emergence of new technologies, & more efficient manufacturing approaches.

Natco Pharma submits application with USFDA for generic cancer drug

Natco Pharma said it has submitted a new application with the US health regulator for marketing authorisation of the generic version of Olaparib tablets, used in treating certain forms of ovarian, breast, pancreatic and prostate cancers...

AIOCD asks NPPA to streamline TMR in view of increase in WPI since introduction of DPCO -2013

The All India Organization of Chemists & Druggists (AIOCD) has made a representation to the National Pharmaceutical Pricing Authority (NPPA) to streamline Trade Margin Rationalization (TMR) in view of the increase in Wholesale Price Index (WPI)...

Dr Reddy's Lab net profit increases by 76% in Q3 to Rs 1,244 cr

Dr Reddy’s Laboratories (DRL), a Rs 21,500 crore plus pharma giant, has registered strong growth in consolidated net profit during the third quarter ended December 2022 on account of new product launches, higher volumes of base business and forex...

Pfizer assigns Meenakshi Nevati as Managing Director

Meenakshi Nevatia has been appointed by Pfizer Limited as the company's managing director and additional director for a term of five years beginning on April 3, 2023. S.Sridhar, who announced his early retirement in August 2022, is succeeded by...

AstraZeneca profits rise on cancer drugs, Alexion buy

AstraZeneca, a British pharmaceutical firm, reported a record annual net profit, boosted by cancer treatments and the integration of biotech unit Alexion following a blockbuster takeover...

Wellmarker Bio enters clinical trial partnership with MSD to evaluate WM-A1-3389 in combo with Keytruda

Wellmarker Bio Co., Ltd (WMBIO), a predictive biomarker-driven biotech company, has entered a clinical trial collaboration and supply agreement with MSD (Merck & Co., Inc., Rahway, NJ, USA)....

Tecan partners with Element Biosciences to provide benchtop NGS workflow with MagicPrep NGS & AVITI System

With MagicPrep NGS and the AVITI System, Tecan and Element Biosciences, Inc, the developer of an innovative DNA sequencing platform that is disrupting genomics, are collaborating to offer a true benchtop NGS workflow. The collaboration will...

GSK's India unit posts 9% increase in Q3 profit as input costs slump

GlaxoSmithKline Pharmaceuticals Ltd, the Indian unit of UK's GSK plc, reported a 9.5 per cent rise in third-quarter profit, in line with analysts' estimates, as a sharp drop in input costs more than offset a revenue decline.

Actinium enters CRADA with NCI to develop Actimab-A to treat AML and other hematologic malignancies

Actinium Pharmaceuticals, Inc., a pioneer in the development of targeted radiotherapies, announced a Cooperative Research and Development Agreement (CRADA) with the National Cancer Institute (NCI), a component of the National Institutes of Health...

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