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The advent of the product patent era, a positive outlook for the pharmaceutical
sector, and India being seen as a manufacturing hub, has resulted in a significant
increase in foreign investment in the drugs and pharmaceuticals sector.
The joint UK National health Service (NHS) Greater Glasgow and University of
Glasgow project, Glasgow Biomedicine, is part of 'Medicine in Glasgow', a unique
collaboration aiming to develop and promote Glasgow as an international center
of medical excellence.
Dutch drugs, chemicals and coatings company Akzo Nobel NV Tuesday said it will
receive royalty payments from U.S. firm Johnson & Johnson in addition to
a EUR150 million exit fee following the end of joint promotion of a drug product.
The Ziment Group, a leading
healthcare and pharmaceutical market research consultancy headquartered in New
York, announced that Consumer Health Sciences, a health information and market
research company that provides disease-specific, self-reported consumer data
to pharmaceutical and life science companies, has become a separate operating
division of the group as part of Grey Global Group's recent purchase by WPP,
Plc. ('WPP').
An Indian academic body, the National Institute of Pharmaceutical
Education and Research (NIPER), has called on the government to provide resources
for a national centre to monitor intellectual property issues relating to the
domestic drug industry.