Pharmaceuticals

News and Trends

Northern Arc and Sai Life Look To Raise Funds Through IPO: Secures SEBI Green Light

Non-banking credit provider Northern Arc Capital and pharma company Sai Life Sciences, both have filed their respective draft papers with the Indian market regulator Securities and Exchange Board of India (SEBI) for a fundraising of a combined INR 7000 Crore.

News and Trends

Global Pharma Supplier Emcure hits IPO: To Be Listed on NSE AND BSE

The offer will comprise of a fresh issue of 79 Lakh shares which will raise close to INR 800 Crores. The price band is set at INR 960-1008 per share.

Growth Strategies

The Veteran Pharma Founders That Keep Buying Their Own NASDAQ Stock

Nuvectis Pharma CEO Ron Bentsur, a veteran in the pharma industry, has invested over $3 million into the company. Bentsur: "Our continued investment in Nuvectis reflects our unwavering belief in the transformative potential of our pipeline"

Leadership

The Pharm-er CEO: Sheetal Arora, Mankind Pharma

Pandemic was one of the toughest challenges for the company as it had to meet increased demand for products, remote work and create an IT infrastructure to support 15,000 people moving online, says, Sheetal Arora, CEO, Mankind Pharma

Business News

Walgreens Names New CEO, Unveils $1 Billion Cost-Cutting Plan—Including 60 Clinic Closures

Walgreens reported significant financial losses for its 2023 fiscal year, with operating losses reaching $6.9 billion.

Business News

A Popular Drug Store Chain Is Filing for Bankruptcy Amid Opioid Lawsuits and Financial Woes

The pharmacy chain Rite Aid first opened in Pennsylvania in 1962.

Business News

Novo Nordisk Is Worth More Than Denmark's GDP Thanks to America's Ozempic and Wegovy Craze

The pharmaceutical company Novo Nordisk has seen an unprecedented surge in profits, and has subsequently influenced the economy of Denmark, where the company is based.

Growth Strategies

Dr. Reddy's Reports Stellar First-Quarter Earnings

Dr. Reddy's Laboratories Limited (NSE: DRREDDY), a leading global pharmaceutical company headquartered in India, reported stellar first-quarter earnings on July 26, highlighting the progress it has made with its efforts to diversify into new drug verticals.

News and Trends

Emil Pharmaceuticals Secures INR 150 Crore: Report

The company plans to utilize the fund for rapid expansion and modernization of pharmaceutical formulations' capacities and increasing the footprints in the rest of the world as well as regulated markets

News and Trends

Alkem Becomes First Indian Company To Launch Novel Antibiotic For Multiple Drug Resistance (MDR) Infections

The available evidence suggests that Zidavi is a potential therapeutic option for the treatment of infections complicated by multi-drug resistant (MDR) organisms

Science & Technology

How Green Pharma Can Cure Disease and (Possibly) Save the Planet

Among the many industries that could become green in the future, the pharmaceutical industry is one with excellent potential.

Business News

Eli Lilly Stock Plummets After Parody Twitter Account Says Insulin is Now Free

The pharma company felt the affects of a dangerous imitation account on Thursday.

News and Trends

AUM Biosciences Plans To Become A Public Company

The merger allows AUM to further continue to focus on developing the scientifically differentiated portfolio

News and Trends

QR Codes Are Coming Soon To Check If Medicines Are Genuine

Around 300 top selling drugs will have to print QR codes on the primary packaging labels in accordance with the government's plans of launching track and trace mechanism