Business Success Story: From Rags to Pharma Riches, Dilip Shanghvi's Inspiring Journey to Billionaire Success
When he started his pharma company in 1983 with 5 products and 5 people, hardly anyone could guess the success he will achieve. In 1987 when the company began selling on a national scale, it was ranked 108th. Now it ranks 6th, which is nothing short of mind-blowing.
Dec 19, 2023, 12:28 PM IST
Watch | Indian Pharma Company Gifts Cars To Some Employees As Diwali Presents, Video Goes Viral
The Chairman of Mits Healthcare MK Bhatia said "these cars are a reward for their dedication, honesty, and trustworthiness towards the company."
Nov 04, 2023, 17:25 PM IST
Video: Cyber attack on American pharma companies
Watch the video to know the latest update.
Sep 29, 2020, 11:00 AM IST
Pharma major Lupin gets USFDA nod to market colonoscopy drugs, pain relief
The approved product is indicated for relief of moderate to moderately severe pain. Percocet tablets had US sales of USD 838.7 million.
Feb 28, 2017, 13:44 PM IST
Sun Pharma looking to divest Ireland plant
"Decisions are being made to either close or divest some of our manufacturing facilities," a Sun Pharma spokesman said in an emailed statement.
Sep 10, 2015, 08:04 AM IST
FDA hikes fee for drug approvals, cuts unit inspection charge
However, the fees for facility inspection of foreign companies have been reduced, which may encourage more firms to opt for audit of their facilities by the regulator.
Aug 05, 2015, 15:15 PM IST
Aurobindo Pharma CEO Arvind Vasudeva resigns
Recently, the drug firm had said that it intends to invest up to Rs 900 crore this fiscal on various activities including capacity expansion, clinical trials and product filings.
Jul 01, 2015, 17:09 PM IST
Glenmark to pay $24.96 mn to US to settle pricing probe
In a regulatory filing with the National Stock Exchange, the company said that under the terms of the agreed settlement, "there is no admission of liability".
Apr 08, 2015, 17:50 PM IST
Mankind Pharma setting up Rs 100 cr facility in Rajasthan
Mankind Pharma is investing around Rs 100 crore to set up an active pharmaceutical ingredients (API) facility in Rajasthan, which is expected to go on stream by the end of the year.
Apr 06, 2015, 18:01 PM IST
Lupin to acquire additional 40% stake in SA's Pharma Dynamics
Lupin had earlier acquired 60 per cent stake in the South African (SA) firm in September, 2008.
Mar 16, 2015, 15:24 PM IST
Ranbaxy loses approvals, exclusivity of 2 drugs in US
The DC Federal Court in the US has upheld the decision of the USFDA for rescinding tentative approvals given to it for generic digestive disorder drug Nexium and antiviral Valcyte.
Mar 03, 2015, 15:50 PM IST
Sun Pharma to buy GSK's opiates business in Australia
The business includes two manufacturing sites in Tasmania and Victoria, and consists of poppy-derived opiate raw materials mainly used to make analgesics for pain treatment.
Mar 03, 2015, 09:53 AM IST
Lupin gets USFDA nod for ophthalmic solution
The company said it has received the final approval for its product, a generic version of Allergan Inc's Lumigan Ophthalmic Solution, from the US Food and Drug Administration (USFDA).
Feb 23, 2015, 15:42 PM IST
Glenmark bullish on drug discovery pipeline, eyes partnerships
Pain, inflammation and oncology are the therapeutic areas currently the drug maker is working on, said Glenn Saldanha, Chairman & Managing Director, Glenmark Pharmaceuticals Ltd.
Feb 15, 2015, 11:00 AM IST
Cipla forms JV in Morocco to enhance position in African market
Cipla (EU) Ltd, UK, a wholly-owned subsidiary of Mumbai-based drug firm, has inked the JV agreement with the Moroccan entities.
Feb 09, 2015, 18:56 PM IST
Ranbaxy Q3 net loss widens to Rs 1,029.72 cr
The company had posted a net loss of Rs 158.94 crore during the October-December period of previous fiscal.
Jan 28, 2015, 15:47 PM IST
German ban on Ranbaxy's Dewas product expands to entire EU
The company said it has discontinued manufacturing of an injectable antibiotic at its Dewas plant.
Dec 04, 2014, 19:35 PM IST
Sanofi sacks CEO over management row, shares plunge
French drugmaker Sanofi fired its chief executive on Wednesday after a row over his management style, sending the pharmaceutical giant`s shares sharply lower.
Oct 29, 2014, 16:37 PM IST
Benefit of Ranbaxy deal to accrue in few years: Sun Pharma
It will take a "few years" for Sun Pharma to realise the benefits of its USD 4 billion takeover of Ranbaxy, said the company's Chairman Israel Makov.
Sep 29, 2014, 16:38 PM IST
Wockhardt drug discovery gets fast track approval by USFDA
This is the first instance of an Indian pharmaceutical company receiving a QIDP status, Wockhardt said in a release issued here.
Sep 01, 2014, 08:16 AM IST
