Pharmaceuticals and Biotech

Mankind Pharma to Raise INR 9,000 Cr to Fund Acquisition of BSV September 3, 2024 Reportedly, bankers have approached large mutual funds for debt placement, offering terms that range from one to five years.

Central Govt Accelerates Funding to Strengthen India’s Drug Regulatory System September 3, 2024 The government has allocated INR 1,750 Cr to strengthen drug regulatory bodies, dividing INR 900 Cr for central agencies and INR 850 Cr for state-level systems.

Illumina Expands Global Presence with New Capability Center in Bengaluru September 2, 2024 Bengaluru joins Singapore, Cambridge, Eindhoven, Shanghai, Madison, Hayward, and San Diego as an Illumina Global Capability Center.

Serigen Mediproducts Bags INR 10 Cr Funding to Advance Regenerative Medicine September 2, 2024 Serigen Mediproducts, a Pune-based biomedical manufacturing company, has successfully raised INR 10 Cr in a funding round led by IAN Alpha Fund and Colossa Ventures.

CDSCO Launches New Digital Initiatives to Improve Pharma Regulation September 2, 2024 The Central Drugs Standard Control Organization (CDSCO) unveiled a series of digital initiatives to overhaul the pharmaceutical regulatory framework in India.

Akums Pharma Appoints Amrut Medhekar as CDMO CEO September 2, 2024 Before joining Akums, Medhekar was President of India Business at Wockhardt, leading significant growth initiatives.

India's Bioeconomy to Reach $300 Bn by 2030: Minister Jitendra Singh August 28, 2024 This policy aims to make India a global leader in the field of biotechnology and innovation, thereby contributing to the country’s economic growth and sustainable development.

Union Cabinet Greenlights 'BioE3' Policy to Boost Advanced Biomanufacturing August 26, 2024 One of the key goals of the BioE3 policy is to support the expansion of India's skilled workforce and create a surge in job opportunities.

Jan Vishwas Act Amendment on Pharmacy Act to Take Effect from Dec 31 August 26, 2024 The revised provisions of the Jan Vishwas (Amendment of Provisions) Act, 2023, announced by the Central Government last year, to eliminate harsh penalties from The Pharmacy Act, 1948, will take effect on December 31, 2024.

Health Ministry Bans 156 Fixed Dose Combinations August 23, 2024 The ban includes commonly used medications for cold, fever, and antibacterial and antifungal treatments. The ministry cited these combinations as "irrational" and noted that safer alternatives are available.

India's Pharma & Medical Device Industry Gains Ground in Global Markets August 16, 2024 In 2023, India solidified its position as the third-largest source of pharmaceutical imports to the US, trailing only Ireland and Switzerland

Torrent Pharma Seeks to Raise $3 Bn to Buy KKR’s Stake in JB Chemicals August 14, 2024 Prominent financial institutions such as Barclays Plc, Deutsche Bank AG, and Standard Chartered Plc have been approached to facilitate the funding, according to the sources.