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Drugmaker News

05 Aug 2015

Drugmaker Shire bids $30 billion for Baxter spin-off Baxalta

Drugmaker Shire said on Tuesday it was seeking to buy Baxalta , a company spun-off by Baxter International last month, for $30 billion to forge the leading global specialist in rare diseases.

05 Jun 2015

CCI imposes Rs 64 crore fine on GlaxoSmithKline, Sanofi

Every year, the government invites tenders for purchase of meningitis vaccine that is required to be administered upon Haj pilgrims.

01 Jun 2015

Lupin, Cipla bid for UCB's US generic drugs portfolio: Report

Generic drugmakers Lupin Ltd and Cipla Ltdare among the companies bidding for top Belgian drugmaker UCB SA`s U.S. generic drugs business, a leading dailey reported on Monday, citing unnamed people with knowledge of the matter.

12 May 2015

Dr Reddy's Q4 net rises 8% to Rs 519 crore

The company had posted a net profit of Rs 481.60 crore for the corresponding period of previous fiscal, it said in a filing to the BSE.

Dr Reddy`s Laboratories

10 Apr 2015

Dr Reddy's sees India sales growing 20% on new product launches

Dr Reddy`s Laboratories Ltd, India`s second-largest drugmaker, expects domestic sales to grow nearly 20 percent this financial year, helped by the launch of nearly two dozen products, a senior executive said.

17 Mar 2015

Sun Pharma pips SBI in market cap; becomes 8th most valued

Drugmaker Sun Pharma on Tuesday surpassed top lender SBI in terms of market capitalisation, becoming the eight most valued listed company in the country.

26 Feb 2015

Wockhardt says FDA raises new concerns about Waluj plant

Shares in Wockhardt Ltd fell as much as 5.3 percent on Thursday after the drugmaker said the U.S. Food and Drug Administration had raised fresh concerns about a plant already banned from exporting to the United States over quality issues.

24 Oct 2014

Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes

US drugmaker Pfizer is to continue buying back stock, with the board authorising a new $11 billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca.

09 Oct 2014

Cipla signs pact with Teva for selling drugs in South Africa

Drugmaker Cipla on Thursday announced a collaboration with Israel's Teva Pharmaceuticals for sales and distribution of the latter's drugs in South Africa.

21 Aug 2014

Dr. Reddy's breached packaging rules: US regulator

Export-focused drugmaker Dr. Reddy`s Laboratories Ltd said it was in talks with a US regulator over allegations it violated packaging rules for some prescription drugs sold there between 2008 and 2012.

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