Earlier this month, regulator DCGI cautioned against the consumption of Digene Gel citing safety concerns even as the drug maker recalled several batches of the medicine manufactured at the Goa facility.
"AstraZeneca India and Abbott have mutually terminated the distribution agreement on May 27, 2021," AstraZeneca India said in a regulatory filing.
Dapagliflozin, an innovative Type 2 diabetes medicine, is AstraZeneca Pharma's leading diabetes medicine.
The company had earlier this month approached the National Pharmaceuticals Pricing Authority (NPPA) to discontinue Xience Alpine stent following capping of prices of medical devices by the drug price regulator.
In a notification issued , the National Pharmaceutical Pricing Authority (NPPA) said that various companies have launched formulations by altering a scheduled formulation with strength dosage other than as specified in the Drugs Price Control Order (DPCO) 2013.
Justice Rajiv Sahai Endlaw said "same orders" would be passed in respect of the five companies which also included Alembic Pharmaceuticals and Piramal Enterprises Ltd as was passed yesterday and day before in the case of pharma majors Pfizer, Abbott Healthcare and Macleods Pharmaceuticals.
The previously unreported case underlines the weakness of India's unwieldy and poorly resourced drug and food regulatory system, the uncertainty it creates for foreign and domestic companies operating there and the potential risk to consumers.
Piramal Healthcare today said it has posted a net profit of Rs 89.23 crore for the quarter ended June 30, 2011.