Articles tagged under: Pharma

Gujarat based Zydus Wellness completes acquisition of Heinz India

January 31, 2019
Gujarat based Zydus Wellness completes acquisition of Heinz India

Ahmedabad: Zydus Wellness Ltd. (“ZWL”) one of the reputed players in the fast growing consumer healthcare market along with its wholly-owned entity (Zydus Wellness – Sikkim, a partnership firm) has successfully completed the acquisition of Heinz India Private Limited (“Heinz India”), the subsidiary of Kraft Heinz. Speaking on the development, Dr. Sharvil Patel, Chairman, Zydus Wellness Ltd., said, “The closing of this transaction represents a new and exciting chapter for Zydu...Read More

Gujarat based Pharma major torrent register more than 4 fold rise in consolidated net profit

January 30, 2019
Gujarat based Pharma major torrent register more than 4 fold rise in consolidated net profit

Ahmedabad: Gujarat based Pharma major Torrent Pharmaceuticals has registered a consolidated net profit (after tax) of Rs 246 crores in the third quarter of the current fiscal which was more than 4 fold in comparison to that of the same quarter of the last fiscal. The financial result for the company for the quarter ended December 31, issued today said that the net profit (after tax) in the Q3 last fiscal was only Rs 58 crores. The total consolidated income has also risen to...Read More

Cadila Pharmaceuticals inks pact with Norway based Serca Pharmaceuticals

January 10, 2019

Ahmedabad: Cadila Pharmaceuticals limited, a research-based pharma group in India has entered into an agreement with Norway based Inven2's startup company, Serca Pharmaceuticals. The agreement was recently signed with Cadila Pharmaceutical Limited. The signing took place in New Delhi in India in connection with the official state visit to Erna Solberg. The agreement is about developing a new and better treatment for patients afflicted with heart attack. Basis the agreement Cadila Pharmaceutic...Read More

Pharmac 2018 to be held in Ahmedabad from Oct 25 to 27

October 22, 2018
Pharmac 2018 to be held in Ahmedabad from Oct 25 to 27

Ahmedabad: The 9th edition of Pharmac India, the pharma sector expo, will be held here from October 25 to 27. Addressing a press conference here today Chirag Doshi, Chairman of the Phrmac exhibition committee, said that large international industry delegations from various countries including South East Asia and Africa would participate in the event (Pharmac 2018) to be held at The Arena by TransStadia here. The three day event will be showcasing an exhaustive array of Pharma machin...Read More

Gujarat based multinational pharma major Torrent acquires US company Bio-Pharm Inc

January 18, 2018
Gujarat based multinational pharma major Torrent acquires US company Bio-Pharm Inc

Ahmedabad: Ahmedabad based multinational pharma major Torrent Pharmaceuticals Limited (Torrent) today, announced the acquisition of Bio-Pharm, Inc. (BPI) a generic pharmaceuticals and OTC Company, based in Levittown Pennsylvania, USA. Established in 1992, BPI has a proven track record in the research & development and manufacturing of oral solutions, suspensions and suppositories. Its 75,000 sq. ft US FDA registered facility has manufacturing capabilities for controlled subst...Read More

Gujarat based pharma major Torrent Pharma completes acquisition of branded formulation business of Unichem Labs

December 14, 2017
Gujarat based pharma major Torrent Pharma completes acquisition of branded formulation business of Unichem Labs

Ahmedabad: Gujarat based multinational pharma major Torrent Pharmaceuticals Limited (“TPL”) today completed acquisition of branded business of Unichem Laboratories Limited (“Unichem”) for India and Nepal, including its Sikkim manufacturing facility, on a going concern basis by way of slump sale. This transaction was in pursuance of the definitive binding agreement entered into between Torrent and Unichem on 3rd November, 2017. From today, Torrent begins the integrati...Read More

8th Edition of Pharmac India 2017 gets rolling in Gujarat

November 07, 2017
8th Edition of Pharmac India 2017 gets rolling in Gujarat

Ahmedabad: Gujarat has dispensed 1400 long pending cases under the Prevention of Food Adulteration Act (PFA) in a single day through special courts setting a benchmark for the entire nation, Dr. H. G. Koshia, Commissioner, Food & Drug Control Administration (Gujarat) said today. He was speaking at the inauguration of the 8th edition of Pharmac India 2017, one of the largest exhibitions dedicated to the pharmaceutical industry. He said that the fast disposal resulted in nearly Rs. 1.25 c...Read More

GST benefiting Pharma sector in Gujarat immensely, jump of around 8%, addition of 25,000 jobs by 2020: Shah

September 07, 2017
GST benefiting Pharma sector in Gujarat immensely, jump of around 8%, addition of 25,000 jobs by 2020: Shah

Ahmedabad: Gujarat, the number one state in Pharmaceutical manufacturing, with almost 32 to 33% share in Rs 2 lakh crore Pharma sector in India ( both domestic and exports) would immensely benefit from the Goods and Services Tax (GST) regime which was likely to catapult its share to around 40% by 2020 and generate 22 to 25 thousand more jobs in the sector, Chairman, Indian Drug Manufacturers Association-Gujarat State Board, Viranchi Shah today said. Addressing a press conference ...Read More

Alembic Pharma opens Rs 300 crore anti-cancer drug unit at Halol in Central Gujarat

July 14, 2017
Alembic Pharma opens Rs 300 crore anti-cancer drug unit at Halol in Central Gujarat

Vadodara: Rs 300 crore pharma unit of Alembic Pharmaceuticals Ltd(APL) for anti-cancer drug was inaugurated today by Chief Minister Vijay Rupani at Panelav in Halol taluka of Panchmahal district in Central Gujarat. The Chief Minister also dedicated RO plant for Panelav village set up by Alembic. He also inaugurated a Rs 71 lakh primary school building constructed under Sarva Shiskha Abhiyan. Speaking on this occasion Chairman of Alembic group of companies Chirayu Amin said the pharma unit inaugu...Read More

CID-crime raid factory in Mahesana, seizes illegally made cream, equipment worth Rs 50 lakhs

May 12, 2017
CID-crime raid factory in Mahesana, seizes illegally made cream, equipment worth Rs 50 lakhs

Gandhinagar: The CID-crime of Gandhinagar today raided a medicine manufacturing factory in neighbouring Mahesana district and seized illegally made cream and equipment used to prepare it worth over Rs 50 lakh. PI CID-crime D M Mishra, who led the team that raided the factory in Mandali village off Gandhinagar-Mahesana highway, said that the cream was made violating the copyright act. 'The factory used to manufacture medicines for different companies on order. But we received a complaint fr...Read More

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