Sector: Pharma
LUPIN enters into the diagnostics business
Lupin announced the formal launch of it’s diagnostics business as part of it’s strategy to provide integrated healthcare in India. Key points to note – The business is housed under a wholly owned subsidiary, Lupin Diagnostics. The company launched operations with 11 labs including a 45,000 square feet national reference lab in Navi Mumbai and … Read more
Moderna, BioNTech plunge as Bernie Sanders slams ‘obscene’ profits and tells drug makers to share COVID-19 vaccines with the world
Moderna and BioNTech plunged more than 16% on Monday amid a critical tweet from Senator Bernie Sanders. Sanders highlighted the surge in the companies’ stock prices after the Omicron variant was identified. “It’s time for these pharmaceutical companies to share their vaccines with the world and start controlling their greed,” Sanders tweeted. Shares of COVID-19 … Read more
Eris Lifesciences enters into insulin segment
Eris has formed a JV with MJ Biopharm for this purpose. Key points to note – Eris will hold 70% of the JV and MJ 30%. MJ is also getting Rs 15 crore as one time lump sum licence fee. MJ will be responsible for development of products and Eris marketing of those. JV seems … Read more
ITC begins clinical trial of Covid19 nasal spray. Questions that one should ask.
The Company has confirmed that it is developing a nasal spray for COVID-19 prevention for which it has initiated the clinical trials. Key points to note – The product would be helpful in preventing infection and transmission of COVID-19. It has been developed by scientists at ITC Life Sciences and Technology Centre (LSTC). The same … Read more