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...

COVID IMPACT: PHARMA SEES DECLINE OF 12% IN APRIL

Highlights

• Manufacturing at pharmaceutical units continues to be impacted courtesy of lockdown-driven disruption

• All the pharmaceutical companies are facing challenges in distribution, manufacturing and logistics

• Industry experts have predicted g...

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 ...