Pharmaceutical Sector

Shasun Chemicals Signs Non-Exclusive Agreement With Merck, Stock Up 5%

Shasun Chemicals & Drugs Ltd has signed up a non-exclusive licensing contract with Merck & Co Inc.

Champix – An Anti-Smoking Drug By Pfizer!

ChampixThe world’s biggest pharmaceutical company Pfizer has rolled out its anti-smoking drug Champix, which lessens nicotine craving as well as the pleasure of smoking.

Having global sales of around $1 billion, Champix is priced at Rs 9500 for a 12- week treatment regime by Pfizer.

At first, the company is launching Champix in 17 cities at a lower price than the US and the European markets. The 12-week Champix prescription course will cost just Rs 9,500..

Dr. Reddy's signs pact with UK-based SkyePharma

Ranbaxy Receives USFDA Approval For Cefuroxime Axetil

Ranbaxy LabsIndia’s biggest pharma company, Ranbaxy Laboratories Ltd has announced that it has rec

Glenmark Arm Gets $ 15 Mn As Milestone Fees From Forest Labs

Glenmark PharmaceuticalsGlenmark Pharmaceuticals Ltd has announced that its Swiss unit, Glenmark Pharmaceuticals SA, has received USD 15 Million as milestone fees from Forest Laboratories, its North American partner, for an anti-asthma drug Oglemilast molecule.

Both companies are working together to initiate additional studies for further longer term development of oglemilast, including a Phase II study in Asthma.

Sun Pharmaceuticals launches “Pantoprazole SDR Tab”; Stock up 9%

Drug Major Sun Pharmaceuticals has announced the commercial launch of generic Pantoprazole Sodium Delayed Release (DR) Tablets, 40 mg in the market. The drug is used for treating oesophagus ailments.

Sun Pharmaceuticals has launched the drug after the commercial launch by Teva Pharmaceutical Industries and Wyeth’s generic Pantoprazole Sodium tablets product.

This strength of Pantoprazole Sodium has annual sales of around 2.3 billion dollar in the US. The product is being sold by its marketing partner Caraco Pharmaceutical Laboratories.

The company had received a USFDA approval for these tablets in Sep 2007.

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