Pharmaceutical Sector

Ranbaxy Acquires USFDA Approved Manufacturing Facilities

Ranbaxy Acquires USFDA Approved Manufacturing FacilitiesCountry’s largest pharmaceutical company, Ranbaxy Laboratories Limited, announced that it has acquired manufacturing facilities that have the approval from the U.S. Food and Drug Administration (FDA).

Speaking on this, Malvinder Singh, CEO Ranbaxy Laboratories said, “We will transfer (production of) some products from India to America. Also, we are looking at making some acquisitions of manufacturing assets.”

He added that apart from US, his company is also keeping its options open to buy FDA-approved facilities from other countries.

Aurobindo Pharma Gets USFDA Nod For ‘Levetiracetam’

Aurobindo Pharma Gets USFDA Nod For ‘Levetiracetam’Aurobindo Pharma Ltd has received US Food and Drug Administration (USFDA) approval to manufacture and market generic versions of epilepsy drug levetiracetam in variable strengths.

Aurobindo will manufacture and market the tablet in dosages of 250 milligram, 500 mg, 750 mg and 1,000 mg and an oral solution in 100 mg per millilitre dose.

Levetiracetam is an anticonvulsant drug used for the treatment of epilepsy. It is S- enantiomer of etiracetam, structurally similar to the prototypical nootropic drug piracetam.

Jubilant Organosys unit signs ‘Drug Discovery Partnership’ with BioLeap

Jubilant-OrganosysJubilant Organosys, an integrated pharmaceutical industry player, has notified that its Bangalore-based subsidiary Jubilant Biosys Ltd, has entered into a drug discovery partnership with BioLeap, LLC, USA.

Under the relationship, BioLeap and Jubilant will integrate BioLeap's leading edge computational fragment based drug design platform with Jubilant's expertise in chemistry, biology and crystallography to offer a highly competitive preclinical drug development platform.

India's Sun Pharma gets FDA nod for four generics

India's Sun Pharma gets FDA nod for four genericsIndia-based Sun Pharmaceutical Industries Ltd has made announcement that the company along with its arm, has got first U.S. Food and Drug Administration sanction to market the generic version of a controlled substance in tablet form.

According to sources, the company is allowed to sell generic hydrocodone bitartate with acetaminophen in multiple strengths, which has a U.S. market size of $540 million for branded and generic versions.

USFDA Gives Final Nod To Matrix Lab For ‘Stavudine’

USFDA Gives Final Nod To Matrix Lab For ‘Stavudine’The US Food and Drug Administration (USFDA) has given its final approval to Matrix Laboratories to market Stavudine capsules in two different potencies including 30 mg and 40 mg.

Stavudine, an analog of thymidine, is a nucleoside analog reverse transcriptase inhibitor (NARTI), which is active against the human immunodeficiency virus (HIV). It is prescribed for combating HIV-1 infection together with other antiretroviral agents.

Sun offers Taro higher price to settle acquisition dispute

Sun offers Taro higher price to settle acquisition disputeThe largest Indian drug maker, in terms of market value, Sun Pharmaceutical Industries Ltd has started initiatives to end acquisition dispute of Taro Pharmaceutical Industries Ltd. The company has offered to raise purchase price of stake to close the deal out of court.

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