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Saturday, November 2, 2024
TopicPharmaceutical industry

Topic: Pharmaceutical industry

Shaken by coronavirus crisis, India looks to become bulk drugs major to cut China imports

Despite being the leading supplier of medicines across the globe, Indian pharma industry heavily depends on China for ingredients used to make even basic drugs.

India lists 38 drug raw materials for which it wants to end dependence on China 

In meeting chaired by Niti Aayog CEO Amitabh Kant, govt asks top Indian pharma firms to amp up production of these 38 raw materials, technically called APIs.

India’s supply of these medicines could be hurt by China’s coronavirus crisis

In a list sent to the Modi govt, pharma firms have said they could run short of 57 medicines if China shutdown continues due to coronavirus outbreak.

Pharma firms want govt to tweak ethics code, allow free samples, ‘educational’ foreign trips 

The proposal, criticised by patient-health activists, has been prepared by drug firms through the Indian Pharmaceutical Alliance.

Pharma group denies PM Modi had warned companies against unethical marketing

ThePrint had reported that PM Modi told pharma companies to stop bribing doctors. IPA secy general had said he didn’t have any information about such a meeting.

Modi govt plans action against US writer who said Indian drugs are ‘flea-market quality’

In her May 2019 book Bottle of Lies, Katherine Eban accused Indian pharma firms of major lapses such as ‘toxic impurities’ and fudging data on quality control.  

India’s price control policy has destroyed drug manufacturers. This is how they can be saved

India has one of the lowest drug prices in the world, yet many Indians are deprived of life-saving drugs. Price controls haven't been enough to bridge this gap.

Capping profits will wipe out low-cost generic medicines, drugmakers write to PM Modi

Trade bodies representing MSMEs write to PM after big players agreed to Modi govt’s proposal to cap trade margins for all medicines at 30% of MRP.

Hundreds of colleges came up amid India’s pharma boom. Here’s why govt wants no more

India has barred new pharma colleges until 2021-22 to check poor-quality institutes looking to tap the industry’s growing popularity.

To fix quality of Indian drugs, Modi govt plans to tighten transportation & storage laws

Govt has stepped up the process after recent controversies raised question marks on the quality of drugs being manufactured in India.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.