Indian pharmaceutical companies have made major strides in adhering to stringent US Food and Drug Administration (USFDA) norms in 2024, with data suggesting a decline in the number of adverse classification outcomes of inspections across biologics, drugs, and devices.
In 2023, the USFDA conducted 225 inspections, which led to 18 cases of Official Action Indicated (OAI) and 117 cases of Voluntary Action Indicated (VAI). By 2024, despite a tightening of regulatory standards, the number of inspections dropped to 206, while OAI cases fell to 14 and VAI cases reduced to 115. This highlights that the sector is increasingly aligning with global benchmarks to ensure high-quality manufacturing practices.
Looking back at the pre-pandemic years, there was a 100 percent increase in OAI status from 2018 to 2019. However, the onset of the pandemic in 2020 led to a 75 percent drop, and the status fell 50 percent in 2021.
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
WORLD RINGS IN 2025
Fireworks exploded over the Sydney Opera House and Harbour Bridge during New Year's celebrations in Australia. British pop star Robbie Williams led a singalong and Indigenous ceremonies acknowledged the land's first people.
After 2024 Report Card, Ministers Get Ready for Work on New Year's Day
Shreya Jai, Sanjeeb Mukherjee, Dhruvaksh Saha, Harsh Kumar, Subhayan Chakraborty & Sanket Koul
New Year frenzy: Zepto sells over 3K ice packs/hr; grape sales surge on Blinkit
As New Year celebrations began, consumers went all out on quick commerce platforms.
Don't believe the hype on these 3 workplace trends
From a quick glance at 2024's top business headlines, you'd think all companies were pushing return-to-office policies, embracing artificial intelligence and banishing diversity, equity and inclusion programs.
M&M posts sharpest annual rally in 15 yrs
Auto major's stock zooms 73% in 2024
CHOOSING A FINANCIAL ADVISOR Hire early, go for one with experience of multiple market cycles
Hire early, go for one with experience of multiple mkt cycles
₹ Hits Fresh Low, Extends Losing Streak to 7 Years
On Slippery Slope
Primary mkts, the showstopper
IPO BOOM, SIP SURGE, ₹ DECLINE
Marico likely to steal a march on peers in H2FY25
From its lows in mid-November, the stock of consumer major Marico is up about 8 per cent in trade and has outperformed its peers.
Gold set for brightest year since 2010 on rate cuts
Gold prices ended a record-breaking year on a positive note on Tuesday as robust central bank buying, geopolitical uncertainties and monetary policy easing fuelled the safe-haven metal's strongest annual performance since 2010.