A mutual decision to cancel the agreement was taken as approval from US Federal Trade Commission was not obtained within anticipated timelines
Sources said no fresh approvals would be given for clinical trials, except for those related to Covid-19.
Book review of PHARMA: Greed, Lies, and the Poisoning of America
Policymakers and pharma companies will have to work together to speed up trials of new vaccines and legislate to ensure essential drugs and tests are affordable and available
Govt keeping tabs on raw material stock, prices, and helping firms airlift APIs
The Pharmexcil came up with clarifications for its members and representations to the government highlighting some difficulties
Due to Coronavirus outbreak in China, supply of pharmaceutical goods and components are being delayed
Exports of 13 APIs - including paracetamol, tinidazole, metronidazole, vitamin B1, vitamin B6, vitamin B12, acyclovir, progesterone - along with formulations mmade from these APIs, would be restricted
"We're talking about a vaccine. They are moving along very quickly. All pharmaceutical companies are moving along very quickly," Trump said
Earlier, the drug major had said that the US health regulator has issued a Form 483 with two observations after inspecting the facility but later it was issued revised Form 483 with one observation
And the resulting industrial slowdown in China would have a "direct impact" on industrial resupply, he said
Medicines identified as counterfeit may be contaminated, contain the wrong ingredient, or have no active ingredient at all
In the 2020-21 Union Budget, finance minister Nirmala Sitharaman proposed to expand the scheme to all districts, and offer 2,000 medicines and 300 surgicals by 2024
On the sidelines of an annual event of the Indian Drug Manufacturers' Association, a senior government official said plans had been readied in this regard
The industry experts are expecting more activity in the segment, especially if a delayed regulatory framework takes place during the current year.
Further rerating of stock will hinge on USFDA resolution
Repositioning an old brand helps expand the footprint, say analysts
That is above the average of 404 drug price increases in the first three days of January over the past five years
The companies have expanded their collaboration and license agreement
Strong demand for formulations and increasing health insurance penetration would also support growth