Pharma Sector
Advertisement
Increased App Restorations on Play Store Following Google's Billing Compliance; IAMAI Raises Worries
Murugavel J, the founder and CEO of matrimony.com, disclosed that only eight apps from their portfolio, including Bengali Matrimony, Marathi Matrimony, Tamil Matrimony, Jodii, and Bharat Matrimony, were reinstated upon accepting Google's terms. Despite this, the majority of their 100-plus apps are yet to be restored on the Play Store, he stated.
Pharma firms valuations do not factor in threats from acceleration in generics adoption in India
In another instance exemplifying the Indian government’s intent to push generics, it has set an imposing timeline to achieve its objective of reaching 25,000 Jan Aushadhi stores. The government targets to increase the store count by 2.5X to 25,000 in less than 2.5 years (end-FY2026), the report said.
US pharma giant Viatris inks 2 deals to sell India business for $1.2 bn
The United States-headquartered global healthcare company has centres in Pittsburgh, Shanghai, and Hyderabad.
US fines Teva, Glenmark $255 mn over drug price-fixing charges
The Department of Justice (DoJ) announced that Teva will also make a $50 million drug donation to humanitarian organisations, along with a $225 million criminal penalty -- the largest to date for a domestic antitrust cartel. Glenmark will pay $30 million to resolve charges alleging that it conspired with Teva to fix prices for that cholesterol drug, called pravastatin.
Pfizer, Gilead, GSK to lead $150 bn infectious diseases mkt by 2029: Report
The report by GlobalData, a leading data and analytics company, showed that the infectious diseases market is forecast to grow at a compound annual growth rate (CAGR) of 5.7 per cent between 2023 and 2029 to reach an impressive $150 billion in annual sales in 2029.
Licences of 18 pharma companies suspended over drug quality
A top official source on Tuesday said that the Drug Controller General of India had inspected 76 companies and the licence of 18 have been suspended, while 26 have been served show cause notice over poor quality of drugs. The Centre has also cancelled the product permission of three pharma companies.
Demand for high-skill talent on contract grows by 105% in last 12 months: Report
According to tech-led enterprise gig platform Awign, about 85 per cent of the overall demand coming from enterprises has been for gig talent in tech roles which include roles of full stack developers, data scientists, React and Java developers, mobile app developers, and cloud engineers.
Diabetes care platform BeatO raises $33 mn led by Lightrock India
The fresh funding will be used to scale BeatO's platform, continue to invest in its product and technology, and to strengthen the reach of its evidence-based care programmes, it said in a statement. Founded by Gautam Chopra, Yash Sehgal and Kunal Kinalekar, BeatO provides an affordable, comprehensive and patient-centric digital solution to millions of people with diabetes who have limited access to good quality and continuous care.
Loan app scam: Rs 500 cr sent to China; 22 Indians arrested
The arrested individuals were working on behest of Chinese nationals. Deputy Commissioner of Police KPS Malhotra said that hundreds of complaints were received by Delhi Police that instant loan applications are disbursing loans at higher rates and even after payment of loan, they are extorting money using the morphed nude pictures. "The IFSO took cognizance of the same and started analysing the complaints during which it was found that more than 100 such apps are involved in the loan and extortion racket," Malhotra said.
Advertisement