In run-up to the interim Budget 2024, the pharma industry has sought conducive policies that provide benefits in terms of both direct and indirect taxes. There is a high risk, long gestation period and low success rate in research, and therefore, there is a need for continuous investments, Indian Pharmaceutical Alliance secretary general Sudarshan Jain said in a statement. “The …
Hyderabad: India’s pharmaceutical exports have maintained their upward trend, reaching $25.3 billion, roughly Rs 2,08,231 crore, for the financial year 2022-23 despite setbacks. Although the growth rate fluctuated during the year, witnessing growth in eight months and then declining in four months, the industry was nevertheless able to surpass its $24.5 billion record by 3.25%. Despite fluctuating growth rates during …
HYDERABAD: The Indian pharma industry — also known as the world’s pharmacy — needs to focus on innovation to stay relevant, industry leaders opined at the CEO Conclave of BioAsia here on Friday. Hari S. Bhartia, co-chairman and managing director of Jubilant Pharmova, said the Indian pharma industry could get a huge market if it could offer highly innovative drugs …
Visakhapatnam: The Andhra University will have a joint workshop with US Food and Drug Administration on “Current Good Manufacturing Practices” in Visakhapatnam on February 23 and 24. Prasad Reddy said a team from the most prestigious US Drug Regulatory Body, FDA, headed by Dr Carmelo Rosa would be the keynote speakers dealing with Pharma regulatory issues and on the basic …
The death of dozens of children in Gambia because of an adulterated cough syrup made in Haryana will impact India’s reputation as the ‘pharmacy of the world’, former Commerce and Industry Minister Anand Sharma said on Friday while urging the Centre to fix accountability and take urgent action. The casual statements of government authorities and drugs regulator that these syrups …