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Wockhardt tanks on import alert; Macquarie, Citi cut target
May 24, 2013 at 12:02 | Source: Moneycontrol.com
Wockhardt, which hit the lower 20 percent circuit on Thursday, plunged further 18 percent in opening trades on Friday. The US FDA has issued an import alert on one of its facilities in Aurangabad, Maharashtra and the company's chairman said that will impact business by USD 100 million.
Celgene announces USFDA grants Priority Review for ABRAXANE
May 24, 2013 at 11:27 | Source: Business Wire India
Celgene International Srl announced that the US Food and Drug Administration has assigned a Priority Review designation to the supplemental New Drug Application for the use of ABRAXANE in combination with gemcitabine for the first-line treatment of patients with advanced pancreatic cancer.
Glenmark slips 4% as co recalls 3 `odd odour' drugs from US
May 24, 2013 at 10:58 | Source: Moneycontrol.com
Glenmark Pharma's generics arm has recalled multiple lots of three drugs from the US market due to an odd smell, according to the US drug regulator. The stock fell 4 percent in morning trade.
Ranbaxy shares slump after Daiichi Sankyo says misled
May 23, 2013 at 16:35 | Source: Reuters
"Daiichi Sankyo believes that certain former shareholders of Ranbaxy Laboratories concealed and misrepresented critical information concerning the US DOJ and FDA investigations," the Japanese company said in a statement on its website late on Wednesday, referring to the US Department of Justice and the Food and Drug Administration.
Ranbaxy pleads guilty to felony; agrees to pay USD 500m
May 14, 2013 at 18:28 | Source: CNBC-TV18
In a settlement with the US FDA at the US department of Justice, Ranbaxy has pleaded guilty to felony charges. This is a culmination of the consent degree that the company had signed in end-2011 with the US Food and Drug Administration.
Ranbaxy shrs fall on USD 500mn US lawsuits settlement
May 14, 2013 at 09:31 | Source: Moneycontrol.com
Ranbaxy said its US arm is pleading guilty to criminal charges related to violation of the Food, Drugs and Cosmetics Act and the company. owned by Japan's Daiichi Sankyo, will now pay USD 500 million to settle all the civil, criminal lawsuits.

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Ranbaxy pleads guilty to felony; agrees to pay USD 500m
See Rs 20-25cr in revenue/quarter from Lanzoprazol: Natco
Lupin, Mylan set to duel in US courts for Antara control
UK biz strong; see FY13 revenue at Rs 1,200cr: Shashun
Will maintain API growth inline with Q2FY13: Natco Pharma
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