Quintiles central lab (India) receives CAP certification
Quintiles Transnational Corp. has announced that its central laboratory in India has been certified by the College of American Pathologists (CAP).
Pharma
Cirrius Wireless designs marketing network for pharma giant
Pharmaceutical firm Merck Ltd announced recently that it has partnered with software firm Cirrius Wireless Technologies for providing mobile-based solution, marketing network and activation system (MANAS) to its sales representatives across the country.
Wockhardt hiving off R&D business
Drug maker Wockhardt has announced it will spin off its R&D business and list the new company on stock exchange on January 1, 2009. The company thus has followed similar moves by other pharma companies, who have hived off their research and development units.
Blogs new window to the world for Pharma industry
Pharma blogs are playing an important role in shaping the future of the pharmaceutical industry in India. Many Indian online financial portal and investment firms as well as research organisations have provided a blogging platform for the pharma industry to keep itself updated with the development in the pharma world through open and uncensored discussion.
Cellworks in collaboration with Orchid on drug discovery
Cellworks Research India, the Bangalore-based research and development (R&D) wing of Cellworks Group Inc (California-headquartered company), has assisted Chennai-based Orchid Chemicals and Pharmaceuticals by providing system biology technology in carrying out ongoing New Chemical Entity (NCE) research programme.
Breakthrough in cardiac pharmacology
PhysioStim of France, a specialist in cardiac safety pharmacology, is setting up a new model for isolated cardiomyocytes, which will record all types of ionic currents and action potentials.
Alved Pharma goes to ICICI Ventures for INR 30 cr
Private equity (PE) major ICICI Ventures is acquiring Chennai-based standalone pharmaceutical and
veterinary company Alved Pharma and Foods. RFCL, a wholly-owned veterinary, chemicals and medical
diagnostic company of ICICI Ventures, is learnt to have signed a definitive agreement with Alved Pharma and Foods for a complete buyout.
Bilcare to use nanotech to counter drug counterfeiting
A pharma packaging company Bilcare Research of Pune has launched a product to help check the menace of counterfeit drugs. The product has a label with a unique bar code made out of nanotechnology and fingerprinting.
US based 3M is in talks with Indian pharma companies to license tech technologies
US-based $23-billion diversified technology firm 3M is in talks with top domestic pharma companies to licence drug delivery technologies.
Government decides to limit trade margins: Medicines may get cheaper!
In a major blow to chemists charging hefty margins from consumers, the government has decided to limit trade margins on all medicines sold in the country.
ICICI Venture plans to float healthcare holding firm
ICICI Venture is planning to float a company that will buy medium-sized hospitals and pharmacy chains and act as a holding company for the fund
Pfizer is considering outsourcing its manufacturing to India and China
Pfizer, a US-based pharmaceutical giant, is looking to cut costs by outsourcing as much as 30 per cent of its manufacturing to facilities in Asia, particularly in India and China.
