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GlaxoSmithKline Pharmaceuticals (GSK), a major MNC in India, suffered setback
during the first quarter ended March 2005 due to de-stocking by the trade during
the quarter and implementation of VAT.
J B Chemicals & Pharmaceuticals (JBCPL), on Monday said that, it has entered
into a development and supply agreement with Pharm-a-Care Laboratories, a leading
OTC pharmaceutical company in Australia to give further boost to its export
business.
Depomed announced an agreement with Boehringer Ingelheim Pharmaceuticals, (BIPI)
to develop a controlled-release dosage form of an undisclosed pharmaceutical
compound.
The Chennai-based Orchid Chemicals & Pharmaceuticals Ltd, with its ongoing
thrust to penetrate into the U.S. generics market, is expecting a significant
growth in its export business from the first half the current financial year.
Thebe Medicare, a division of Thebe Healthcare, has established a firm foothold
in the natural medicines market with the purchase of Phyto Nova for an undisclosed
amount.
AIDS activist groups have questioned South African generics maker
Aspen's agreement with Gilead Sciences to manufacture the US-based drugmaker's
Truvada and Viread.
The European Commission has unveiled a hopeful-sounding series of
proposals to coordinate member states' actions on malaria, tuberculosis and
HIV/AIDS in the developing world.