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National Agency for Food, Drugs Administration and Control's (NAFDAC) battles
against fake drugs in the last four years (2001-2004) has saved the pharmaceuticals
industry N8 billion.
Pharma and biotech company, Wockhardt, recorded a 6 percent dip in net profit
to Rs 42 crore for the first quarter ended March, as domestic sales slumped
on account of VAT.
Genizon BioSciences announced the confirmation of a previously reported disease-gene
location, PSORS1, as well as the identification of more than 10 new regions
strongly associated with psoriasis, each containing only a limited number of
genes.
An Internet pharmacy based in India that sold hundreds of millions of dollars
worth of drugs without prescriptions has been indicted by U.S. authorities,
federal prosecutors said on Wednesday.
Brazilian drug regulator Anvisa is to issue new guidelines on so-called
"manipulation pharmacies," or the Brazilian dispensing system whereby
pharmacists prepare unique prescription drug formulations at the point of sale.
Collegium Pharmaceutical, Inc., a specialty pharmaceutical product development
company, and URL/Mutual Pharmaceutical Company, a privately held company that
is engaged in the research, development, manufacturing and commercialization
of generic pharmaceutical products, today announced that they entered into a
product development agreement for the development and commercialization of an
undisclosed product.