Pharmaceutical Sector

Strides Arcolab gets two ANDA approvals

Strides Arcolab gets two ANDA approvalsPharmaceutical company Strides Acrolab has announced receipt of two ANDA approvals for Sterile vancomycin in HCL USP 500mg and 1g per vial and sterile Vancomycin HCI USP 5g per vial pharmacy bulk package.

The products are licensed to Akorn-Strides,LLC, which is a joint venture that was formed in 2004 by Akorn Inc. and Strides Arcolab Limited.

Piramal Healthcare acquires US-based Minrad International for $40 million

Piramal Healthcare acquires US-based Minrad International for $40 millionPiramal Healthcare has acquired New York-based Minrad International, a manufacturer of generic inhalation anaesthetic drugs for $40 million.

Under the arrangement, the shareholders of Minrad will receive $0.12 a share in cash and Piramal will also acquire Minrad's 8 per cent senior secured convertible notes from the note holders.

Aurobindo Pharma Gets Tentative Approval For HIV Drug

Aurobindo Pharma Gets Tentative Approval For HIV DrugAurobindo Pharma, an Indian private pharmaceutical company, informed that it has got tentative sanction from US Food & Drug Administration (USFDA) to make and sell fixed dosed combination Abacavir Sulfate/ Lamivudine Tablets.

The company has been allowed to manufacture the drugs in the strengths of 60/30 mg.

Abacavir sulfate tablets are indicated for the treatment of HIV infection in adults and children 3 months of age or older.

Daichi-Ranbaxy Reconstitutes Board; Malvinder Is Chairman

Daichi-Ranbaxy Reconstitutes Board; Malvinder Is ChairmanRanbaxy Laboratories and its new owner Japan’s Daiichi Sankyo, which now holds 63.92% of Ranbaxy’s equity share capital, reconstituted a new 10-member panel.

From the company’s earlier 15 member panel, the company retained only three members including former owner Malvinder Singh, COO Atul Sobti and Religare CEO & MD Sunil Godhwani.

The newly announced board reflects the changed ownership structure at Ranbaxy, following Daiichi Sankyo’s strategic investment during the last month (Nov 2008).

Presence of flourishing fake medicine racket in Orissa confirmed by Vigilance reports

Aurobindo Gets Tentative USFDA Nod For Two Drugs

Aurobindo Gets Tentative USFDA Nod For Two Drugs Aurobindo Pharma, a leading drug manufacturer, has announced that it has got tentative sanction from the US Food and Drug Administration (USFDA) for PerindopriL Erbumine tablets.

The approval has been granted for 2 mg, 4 mg and 8 mg dosage of drug.

According to the sources, PerindopriL Erbumine tablets are indicated for the treatment of high blood pressure.  
 
The sources further revealed that the conglomerate has also received tentative approval for Escitalopram Oxalat Oral solution 5 mg base/5 ml.  

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