Sector: Pharma
Ajanta Promoters sell some stake. Continue to retain significant.
Ajanta Pharma has informed that two of it’s prom0ter entities have sold stake totalling 4.38% into the Company through open market transactions. Total Promoter stake consequently has reduced from 70.48% to 66.1% Stake has been sold by Aayush M. Agrawal, trustee Aayush Agrawal Trust (3.03%) and Ravi P. Agrawal, Trustee Ravi Agrawal Trust (1.35%) Reports … Read more
Aurobindo Pharma: Delhi Excise policy: ED arrests Aurobindo Pharma’s Sharath Reddy in money laundering case
The ED has arrested two company executives linked to the liquor trade in the money laundering investigation being conducted by it into the now-scrapped Delhi Excise policy case, official sources said Thursday. Benoy Babu of Pernod Ricard and Sharath Reddy of Aurobindo Pharma have been arrested under sections of the Prevention of Money Laundering Act … Read more
Torrent acquires a derma company. Speed jumps ranks in the category.
Torrent Pharmaceuticals (TP) has entered into definitive agreements to acquire 100% stake in Curatio Health Care (I) Private Limited (“Curatio”), a Chennai based dermatology company with a strong focus on cosmetic dermatology. Curatio was founded in 2005 and is backed by Sequoia, Anicut and ChrysCapital. It has a strong presence in the cosmetic dermatology segment … Read more
‘Dolo tablet makers doled out Rs 1,000 crore in freebies to doctors,’ SC told
Makers of popular paracetamol tablet Dolo-650 have distributed freebies worth about Rs 1,000 crore to doctors as consideration for prescribing the tablet, it has been alleged. Senior advocate Sanjay Parikh, representing an NGO Federation of Medical Sales Representatives Association of India, told the Supreme Court that the Central Board for Direct Taxes (CBDT) has made … Read more
Cipla to invest Rs 26 cr in digital tech co GoApptiv to raise stake to 22%
Pharma company Cipla has agreed to acquire an additional stake for nearly Rs 26 crore in digital tech company GoApptiv Private to raise its shareholding to 22.02 per cent, the company said on Monday. The investment will be made in equity shares and Compulsorily Convertible Preference Shares and is likely to be completed within 30 … Read more
Pharma packaging industry urged to develop elder friendly, child safety solutions
The Indian pharma packaging industry has been urged to come up with effective solutions towards child safety and elder friendly packaging of pharmaceutical products to safeguard their interest and to aid the growth of the pharma industry. “Pharma packaging is one of the important stakeholders of pharma industry,” said H. G. Koshia, Commissioner, Food & … Read more
The Indian patent regime and its clash with the U.S. norms
The U.S. Trade Representative highlighted IP challenges in India in its annual Special 301 report released last month The story so far: The U.S. Trade Representative (USTR) said in a report released last month that India was one of the most challenging major economies as far as IP protection and enforcement is concerned. It has … Read more