BUSINESS
Cipla faces heat due to lower offtake of HIV drugs in tender market
Cipla’s management in its recent investor call indicated that the global tender business sales could be lower by $100-120m in FY19 led by funding crunch and competition.
BUSINESS
Govt appoints Rajasthan bureaucrat Shubhra Singh as NPPA Chairman
Singh has pro-industry credentials, she was Joint Secretary, Department of Industrial Policy & Promotion (DIPP) under Ministry of Commerce and Industry, Government of India betweeb 2014 and 2015.
BUSINESS
Global Fund policies impacting fight against AIDS, tuberculosis and malaria
The Global Fund raises and invests nearly $4 billion a year to support programmes run by local experts in countries and communities most in need
BUSINESS
Armed with clinical trial data, Indian stent makers prepare to challenge MNC domination
India made cardiac stents which were often dismissed globally including by a section of our own doctors as inferior and not proven for safety and efficacy, are finally breaking that mould.
BUSINESS
Medical devices maker Trivitron Healthcare plans IPO in 2 years
The company has set a revenue target of Rs 1000 crore in next two years, and plans to commercialise a new born screening solution in US.
BUSINESS
Apollo Hospitals to hive off pharmacy business into separate entity
The proposed move helps Apollo to become compliant with the the prescribed foreign direct investment (FDI) limits and further grow the pharmacy retail business.
BUSINESS
IHH assumes control of Fortis, latter’s board approves Rs 4,000cr preferential allotment
IHH said the mandatory open offer for acquiring up to 26 percent stake from existing shareholders of Fortis would be completed in due course
BUSINESS
Aurobindo Pharma beats Q2 profit estimates, buys inhalation assets from Australian firm
The net profit was helped by depreciating rupee against dollar and euro in its key US and Europe markets, that constitute nearly three-fourths of sales.
BUSINESS
Decoding Modicare: Is the healthcare scheme sustainable, structurally sound?
While advocates of the scheme claim PMJAY has saved 600 million people from becoming impoverished due to medical costs, critics too were equally vocal in highlighting structural problems of the scheme
BUSINESS
US pricing pressure shows signs of easing as drug makers prune loss-making portfolios
To beat the pricing pressure and maintain profit margins, large generic drug makers have responded by slashing their generic pipelines and ANDA filings
BUSINESS
Fortis CEO Bhavdeep Singh resigns citing professional, personal reasons
The hospital chain said Singh will continue in his current capacity till such time his succession planning is crystallised.
BUSINESS
Interview: How Cipla plans to bounce back after a weak Q2
In an interview with Moneycontrol, Kedar Upadhye, Global Chief Financial Officer of Cipla, talked about the company's strategy going forward.
BUSINESS
Cipla warns of multiple headwinds it may face in H2FY19, stock tanks 7%
Cipla said supply bottlenecks, commodity and crude price inflation, lower tender offtake and US sanctions on Iran, could all put pressure on company’s performance going ahead.
BUSINESS
Poor healthcare leaves Scheduled Tribe more vulnerable to diseases
An expert committee report on tribal health points out glaring gaps in tribal healthcare.
BUSINESS
Zydus Wellness says two-thirds of Heinz India transaction will be funded via equity
The deal, one of the largest M&A transaction in recent times, offers Zydus access to brands such as Complan, Glucon D, Nycil and Sampriti Ghee, including two manufacturing facilities and a nationwide strong distribution network
BUSINESS
J&J starts reimbursement programme for Indian patients with faulty ASR hip implants
The reimbursement programme called as ASR India Patient Assistance Programme (IPAP) will support patients who have been implanted in India with its ASR hip implant from June 2004 to August 2010 and provide reimbursement, if the revision surgery and the tests have taken place within 15 years from the date of the primary hip replacement surgery.
BUSINESS
Kilitch Drugs bets on Africa to grow sales in its comeback bid
The company is targeting to double the sales in the current financial year, and is well on the track to achieve it.
BUSINESS
L&T sticks to FY19 guidance, expects additional govt orders before 2019 general elections
L&T said growth in order inflow was primarily led by government and public sector undertakings, while the private sector investment continues to remain subdued
BUSINESS
Lupin promises better show in H2FY19 on US price stability, new launches
The company said it sees the pricing erosion in US settle down at single digit from double digit in the previous quarters.
BUSINESS
Centre in no hurry to revise PMJAY package rates, private hospitals will have to wait
PMJAY or Ayushman Bharat, popularly known as ModiCare, aims to provide Rs 5 lakh coverage to 10 crore poor families or nearly half a billion people and is considered an important scheme politically for Narendra Modi to showcase to voters as he heads for the general elections next year.
BUSINESS
CCI approves IHH Healthcare's Rs 4,000 crore acquisition of Fortis
With the CCI approval, IHH will be able to make an open offer for an additional 26 percent stake.
BUSINESS
Indian API makers expect rise in order inflows amid price hikes, supply disruption in China
Moneycontrol reported in August that some drug makers are working towards producing APIs and key starting materials in house, while others have started qualifying Indian sources for procurement.
BUSINESS
Dr Reddy's gets 8 USFDA observations for Duvvada injectable site
The company's Duvvada unit, known as FTO-VII, manufactures cytotoxic and hormonal injectables is under warning since November 2015, blocking any new approvals.
BUSINESS
Competition Commission's policy prescriptions to make healthcare transparent, affordable
CCI, which has so far received 52 cases pertaining to anti-competitive practices in pharmaceutical and healthcare sector, prescribed some policy and regulatory action to address issues choking competition.
