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CADILA HEALTHCARE COMPLETES ANIMAL HEALTHCARE SALE WORTH RS 2,921 CR
Highlights
• In a regulatory filing, Cadila Healthcare said "The transaction of sale and disposal is completed /closed today i.e. July 14, 2021.”
According to a statement issued by Cadila Healthcare on Thursday, its wholly-owned subsidiary Zydus Animal Health a...
KENNETH FRAZIER RESIGNS AS CEO OF PHARMA COMPANY MERCK & CO
Highlights
• Chief Executive Officer (CEO) Kenneth Frazier has decided to step down from his post at the end of June and will be replaced by the Chief Financial Officer Robert Davis
• The drugmaker said Frazier, 66, will continue to serve on its board as executive ch...
CONTINUUS PHARMA BAGS $69.3 MILLION CONTRACT TO MANUFACTURE 3 DIFFERENT DRUGS
Highlights
* This contract was granted by the US Department of Defense (DoD) and Department of Health and Human Services
* It will also be used for construction of the US' first GMP-certified facility for ICM-driven facility of small-molecule marketed drugs, investig...
U.S. PHARMA COMPANY BAXTER TO INVEST RS 100 CRORE TO SET UP GLOBAL R&D HEADQUARTERS IN INDIA
Highlights
• Baxter has decided to invest a sum of Rs 100 crore in order to set up its global research and development (R&D) headquarters in Ahmedabad, India
• The company at present has a R&D and information technology (IT) centre in the city of Bengaluru al...
U.S. PATENT AND TRADEMARK OFFICE (USPTO) SENDS NOTICE OF ALLOWANCE TO TIMBER PHARMACEUTICALS
Highlights
• Timber Pharmaceuticals Inc. has received a formal notice of allowance from the USPTO for its patent application covering its pharmaceutical isotretinoin composition
• Investigational therapy of Timber (TMB-001) is under the development for the treatment ...
Pfizer MISTAKENLY LEAKS PRIVATE DATA OF DRUG USERS
Highlights
• According to cybersecurity firm vpnMentor, the US pharmaceutical giant Pfizer has suffered data breach courtesy of unsecured cloud storage and mistakenly leaked private data of America’s prescription drug users
• As per vpnMentor, the folder named ...
PFIZER TO INVEST $200 MILLION IN CHINESE PHARMA COMPANY CSTONE
Highlights
• According to the statement issued by Chinese pharmaceutical company, it will receive up to $280 million in payments for sugemalimab, and additional royalties
• As per the deal, the world’s second-largest pharmaceutical company has agreed to purchas...
EUROPEAN UNION CALLS MEMBER STATES TO LIFT BAN ON INSULIN EXPORT
Highlights
• Export of drugs like Hydroxychloroquine have been banned by numerous European countries
• Medical experts have criticised the decision of ban on insulin export
After several rumours which said that coronavirus pandemic would cause shortages of ...