Glenmark Pharma becomes first domestic drugmaker to get a USD 40 million COVID loans from IFC : Glenmark Pharma has secured a USD[1] 40 million ( about Rs. 290 crores ) credit – line from IFC’s[2] USD 8 billion fast–track COVID – 19 facility. This has made the drug firm the first domestic one to […]
Stelis Pharma partners with Russia’s sovereign wealth fund to supply 200 million doses of Sputnik V for India Stride Pharma’s subsidiary Stelis Biopharma has partnered with Russia’s sovereign wealth fund regarding Sputnik V production. This collaboration aims to produce and supply over 200 million doses of the COVID – 19 vaccines for India. Strides Pharma
AstraZeneca receives EU’s warning to fulfill contract with Europe first or expect ban on its COVID – 19 vaccine exports International tensions have been on the rise over the export of AstraZeneca’s COVID – 19 vaccine to the European Union ( EU ) blocs. On 20 March 2021, the EU chief threatened the company to
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EU drugs regulator approves the single-shot vaccine developed by Johnson & Johnson for use in the country Johnson & Johnson has received the approval of the EU’s[1] drugs regulator for its COVID – 19 vaccine. This makes the company’s vaccine the 4th vaccine to get approval from the 27 – bloc nation. This vaccine is,
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Natco Pharma’s recent venture into Pheromone-based mating disruption technology for farmers in India Natco Pharma has been diversifying into agrochemicals recently. As a part of this, the company has begun to work closely with ATCG Biotech Pvt. Ltd for the technology through its Crop Health Science ( CHS ). The recent development in line with
Sun Pharma, Dr. Reddy’s Laboratories, Aurobindo Pharma, and Jubilant Pharma recall products in the US market : Sun Pharma, Aurobindo Pharma, Dr. Reddy’s Laboratories, and Jubilant Pharma have begun to recall products in the US market. These companies initiated the aforementioned action due to various reasons. The USFDA’s[1] latest Enforcement report stated that Sun Pharma
USFDA approves Strides Pharma’s potassium chloride oral solution for marketing in the US Strides Pharma’s step-down subsidiary has recently received the USFDA’s[1] approval for one of its products. The US health regulator approved the company’s potassium chloride for oral solution. This news was shared by Strides Pharma Global, Singapore, on 15 March 2021 [1]. Potassium
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Use of AstraZeneca’s COVID – 19 vaccine suspended in Ireland over the fear of developing blood clots. The Health Ministry of Ireland announced its decision to temporarily stop using the AstraZeneca COVID vaccine from the morning of 14 March 2021. This precaution has been taken due to reported blood clots in adults after receiving the
Cipla’s Gulf subsidiary expands partnership with Alvotech to market four drugs in Australia and New Zealand: Cipla’s Gulf subsidiary has decided to expand its partnership with Alvotech [1] . The partnership is to commercialize four drugs in Australia and New Zealand, as announced on 2 March 2021. This move aims to facilitate the marketing and distribution
Fosun Pharma expresses willingness to supply BioNTech’s COVID – 19 vaccine to Taiwan : Fosun Pharma, a Chinese Pharma company, has the right to distribute BioNTech’s COVID – 19 vaccine in “Greater China”. This drug firm has recently stated that it is willing to supply the vaccine to Taiwan. This statement was made after Taiwan
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