Drug Market

AbbVie enters obesity drug market with up to $2.2 billion Gubra deal

The licensing deal could set the US drugmaker to vie with Eli Lilly & Co. and Novo Nordisk A/S, the current leaders in a market that's expected to reach $130 billion in annual sales by 2030

Updated On: 03 Mar 2025 | 5:30 PM IST

CDSCO flags 135 drugs for failing quality standards for December 2024

Most drugs found NSQ by central labs this month were produced in units located in cities such as Ahmedabad, Vadodara, Himachal Pradesh's Baddi, Puducherry, Roorkee and Haridwar

Updated On: 24 Jan 2025 | 6:21 PM IST

Lilly's tirzepatide challenges semaglutide in obesity drug market

The trial enrolled 751 adults with obesity or overweight conditions and at least one weight-related medical problem

Updated On: 04 Dec 2024 | 8:57 PM IST

Drug mafia flourished under previous YSRCP regime: Andhra dy CM Kalyan

Earlier former Andhra Pradesh Chief Minister and YSRCP chief YS Jagan Mohan Reddy had dismissed any connections to the seizure of a huge consignment of narcotics at the Visakhapatnam port

Updated On: 09 Nov 2024 | 3:34 PM IST

Olympus CEO resigns after allegations of illegal drug purchase, shares fall

Olympus' 6 per cent tumble put the company's shares on track for their biggest one-day fall in nearly three months

Updated On: 28 Oct 2024 | 12:53 PM IST

Why is Goa's Sunburn festival facing increasing backlash from locals

Local residents, political leaders, and environmentalists have raised concerns over possible environmental harm and an increase in crime and drug-related activities encouraged by Sunburn festival

Updated On: 22 Jul 2024 | 4:22 PM IST

Eli Lilly expects to launch obesity drug in India next year, says CEO

Mounjaro, chemically known as tirzepatide, is currently sold in the UK and Europe under the same brand name for both conditions

Updated On: 29 Feb 2024 | 8:13 PM IST

Long use of e-cigarettes may lead to drug addiction, say health experts

Expressing concern over rising use of e-cigarettes among youths, health experts on Wednesday warned that practising such vaping methods may lead to addiction to drugs like cocaine and nicotine. 'Mothers Against Vaping' (MAV), a platform of concerned mothers combatting vaping among youths, cited several studies and said these devices harbour around 900-2,000 chemicals and can penetrate deep into the lungs, causing extensive and detrimental respiratory damage. "There exists a looming threat of an entire generation becoming addicted to these new-age tobacco devices, posing a significant risk to their health and well-being," Gauhati Medical College and Hospital Superintendent Dr Abhijit Sarma told PTI. It is imperative to take urgent comprehensive action to prevent the emergence of a new generation of e-cigarette smokers, he added. "Alongside this concerning trend, another issue is that these devices become gateway devices to more serious addictions like using cocaine and nicotine," Dr

Updated On: 13 Dec 2023 | 12:36 PM IST

In rare move, US revokes sanctions on China lab after Xi's fentanyl deal

The US has taken China's Institute of Forensic Science off the Commerce Department's entity list, paving for the fentanyl deal with Xi in a bid to deal with drug overdose crisis in the US.

Updated On: 17 Nov 2023 | 12:51 PM IST

Govt, industry meet to focus on trade margin rationalisation of drugs

The Centre has been mulling on rationalizing drug trade margins for a while now for widely used medicines in an effort to bring down prices

Updated On: 09 May 2023 | 8:15 PM IST

Policy changes must in education system to erase drug menace: HP minister

Himachal Pradesh Education Minister Rohit Thakur Saturday directed officials of his department to make necessary changes in the education system for eradication of drug menace from the state. Presiding over a review meeting of the education department here, he said ignorance about the consequences of drugs, curiosity, and psychological reasons often draw students into drug addiction. "It has become imperative to ingrain in the mind of every child in Himachal Pradesh that we together can fight this evil and can contribute towards building a healthy society," the minister said. He asked the National Council for Education, Research and Training (NCERT) and Himachal Pradesh Board of School Education (HPBOSE) to prepare an age-appropriate curriculum to educate children about the ill effects of drug abuse and integrate the same into the curriculum of schools and colleges. Thakur also stressed the need for a state-wide mental health helpline through which virtual counselling of children .

Updated On: 04 Mar 2023 | 9:44 PM IST

Pharma logs 17% growth in Nov; anti-infective therapy drives market demand

Key antibiotic brands like Augmentin (GSK) and Clavam (Alkem) clocked 25 per cent and 29 percent growth, respectively, in November, the data showed

Updated On: 08 Dec 2022 | 11:51 PM IST

Bharat Bio looks for partners to manufacture, distribute iNCOVACC globally

Its local production ramp-up remains unhurried as demand for boosters reduces

Updated On: 29 Nov 2022 | 10:17 PM IST

World's most expensive drug approved to treat hemophilia at $3.5 mn a dose

CSL Behring's Hemgenix, administered just once, cut the number of bleeding events expected over the course of a year by 54%, a key study of the therapy found

Updated On: 23 Nov 2022 | 11:19 PM IST

Dip in demand for Covid medicines takes a toll on drug sales in March

Covid related drugs contributed 40% of the pharma market last year

Updated On: 16 Apr 2022 | 12:25 AM IST

Alembic Pharma gets tentative USFDA approval for depressive disorder drug

Alembic Pharmaceuticals Ltd on Friday said it has received tentative approval from the US health regulator for its generic Vortioxetine tablets indicated for the treatment of the major depressive disorder. The tentative approval granted by the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Vortioxetine tablets of strengths in 5 mg, 10 mg, 15 mg and 20 mg, the company said in a statement. These are therapeutically equivalent to the reference listed drug product (RLD) Trintellix tablets 5 mg, 10 mg, 15 mg, and 20 mg of Takeda Pharmaceuticals, USA, Inc, it added. Citing IQVIA data, the company said these Vortioxetine tablets have an estimated market size of USD 1,249 million for twelve months ending September 2021. Alembic, however, said it is currently in litigation with H Lundbeck in the Court of appeals for the Federal Circuit and the launch of the product will depend on litigation outcome. "It is possible that our ANDA may not be ...

Updated On: 08 Jan 2022 | 12:52 AM IST

Pfizer Ltd net profit rises 9% to Rs 143 crore in September quarter

The drug firm on Wednesday reported an 8.81% rise in net profit

Updated On: 03 Nov 2021 | 11:33 PM IST

Spiralling demand, leakages and a flourishing black market for remdesivir

Artificial shortages and brazen hawking of the drug on the streets at 15x the normal price rule the day as the official machinery tries desparately to stamp out the parallel market

Updated On: 28 Apr 2021 | 10:43 PM IST

Domestic drug market growth slows top 4.5% in January, some therapies drag

Respiratory segment and anti-infectives contract; Cardiac, anti-diabetic growth rates plummet

Updated On: 05 Feb 2021 | 11:28 PM IST

Domestic drug market bounces back in Dec, ends CY20 with 3.1% growth

Clocks 8.5% growth in December, up sharply from November's 1% due to revival in volume growth

Updated On: 06 Jan 2021 | 11:23 PM IST