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More than 50 pharmaceutical companies have scaled down operations in Maharashtra
and Gujarat and are moving out to states like Uttaranchal and Himachal Pradesh
following steep hike in excise duty in the Budget.
Glenmark Farmaceutica, the wholly owned Brazilian
subsidiary of Glenmark Pharmaceuticals, has purchased a hormonal brand, Uno-Ciclo,
from Instituto Biochimico Indústria Farmacêutica for $4.6 million.
As pharmaceutical sector development in Oman has been broadly based
around government cost-containment efforts in recent years, the country has
increasingly encouraged the private sector to shoulder more of the burden of
healthcare.
An 11-member delegation comprising representatives of the Mexican
drug industry has recently completed a visit to India, aimed at exploring joint
opportunities in contract research and manufacturing.
Senior sources at leading Portuguese drug and vaccines maker Bial
have issued a warning on the likely sustainability of existing drug-funding
structures in Europe.
Kissei Pharmaceutical announced March 15 that it has concluded a licensing agreement
with Dainippon Pharmaceutical for KGA-2727, Kissei's proprietary candidate compound
for diabetes drug.