Page 20 - Pharma Sector News Today

Backed by growth in pharmaceutical, high tech, and consumer products sectors amid the Covid-19 pandemic, India is set to see a median increase in salaries of 7 per cent in 2021, the highest among key Asia Pacific markets, according to a survey. However, the average salary growth in 2021 is projected at 6.4 per cent. This is slightly lower than last year, when the median increase was 7.5 per cent and average was 5.9 per cent, the latest Salary Budget Planning Survey by Willis Towers Watson has...

Read more about Indian pharma market expected to hit $130 billion by 2030: Sadananda Gowda on Business Standard. The Indian pharmaceutical industry has proved to be a dependable supplier of quality drugs in a time of global need on account of the COVID-19 pandemic, and is expected to reach a size of USD 130 billion by 2030,Chemical and Fertiliser Minister D V

Despite a 24 per cent hit on its US business, Ahmedabad-based Torrent Pharmaceuticals Ltd (TPL) registered an over 18 per cent growth in its consolidated net profit for the third quarter ended December 31, 2020. The companys consolidated net profit for the quarter was Rs 297 crore as against Rs 251 crore in the corresponding period last year. Not only did Torrent Pharmas US revenues fall by 24 per cent to Rs 292 crore, its India revenues grew in single digits of seven per cent to stand at Rs...

Drug firm Torrent Pharmaceuticals on Monday reported an 18.32 per cent rise in its consolidated net profit to Rs 297 crore for the quarter ended in December. The company had posted a net profit of Rs 251 crore for the corresponding period of the previous fiscal, Torrent Pharma said in a filing to BSE. Consolidated revenue of the company stood at Rs 1,995 crore for the quarter under consideration. It was Rs 1,966 crore for the same period a year ago, it added. India revenues for the third qu...

Drug firm AstraZeneca India on Monday said it has received marketing authorisation to use its anti-diabetic drug dapagliflozin for the treatment of patients with chronic kidney disease (CKD). The receipt of the permission paves way for the launch of dapagliflozin tablets (10 mg) in the country to treat CKD, the company said in a statement. The drug is the first medicine in SGLT-2i class to move into a new disease area by demonstrating efficacy and safety data for the treatment of patients wi...

Vaccine diplomacy a game-changer for Pharma sector In the years ahead, analysts and business historians would probably call this the defining moment of India’s economic diplomacy. Share Via Email   |  A+A A- Express News Service NEW DELHI:  On a wintry morning earlier this week, as the country shivered from a drop in mercury levels, loaders at Mumbai airport gingerly passed along boxes of vaccines,  marked ‘fragile’, into the waiting hold of an Air India flight. The aircraft would...

Caplin Steriles partners with JAMP Pharma to produce 6 injectables for Canada Premium (REUTERS) Caplin Steriles is a subsidiary of Caplin Point Share Via Read Full Story Caplin Point on Monday announced that its subsidiary Caplin Steriles Limited has partnered with JAMP Pharma Group to produce six injectable to be filed shortly in Canada. Some of these products have already been filed by Caplin Steriles in the USA. TRENDING STORIESSee All 1 min read Premium 2 min read Premium 2 min read Premi...

Sensex at 1,00,000! When and how? The S&P BSE Sensex index first hit 25,000 in 2014 after the BJP-led NDA government came to power with a record majority Aprajita Sharma January 21, 2021 | Updated 10:54 IST Talking about emerging trends in the stock market, Jain says that insurance and AMC firms will play a significant role, having larger weightage in key indices With the S&P BSE Sensex a few hundred points away from the 50,000-mark on Thursday, marketmen believe its only a matter of couple of...

Read more about Four more Covid-19 vaccines are in pipeline, says health ministry on Business Standard. Four more COVID-19 vaccines are in the pipeline and their manufacturers may approach the drug controller for emergency use authorisation, the Health Ministry said on Tuesday.

Read more about Its raining billionaires in Indias pharma and health care space on Business Standard. Created 7 billionaires in 2020; now 17 super-rich promoters in the sector with combined wealth of Rs 4.35 trillion