In an effort at using the regulatory system to fight competition from Indian pharma companies, eight Indian pharma companies are amongst the 11 global companies that have been served with “Form 483” of United States Food and Drug Administration (USFDA) since the start of this year.
All these eight companies sell their medicines in the US. The eight companies who have been served with Form 483 this year are Cipla Limited (three times), Torrent Pharmaceuticals Limited (once), Dr. Reddy’s Laboratories Ltd CTO Unit 6 (once), Laurus Synthesis Pvt Ltd (once), Eugia Pharma (four times), Zydus Lifesciences Ltd (two times) and Alkem Laboratories Limited and Jubilant Generics (both once). The remaining three companies are from Japan, Iceland and China. In 2023, the USFDA had served this notice 20 times to different Indian companies. These companies are amongst the top manufacturers of drugs and medicines that are sold in India. Big Pharma is very influential in any US administration, which is why pharma prices in the US are often a hundred or more times more than equivalents produced by Indian companies.
The Form 483 notice, on the surface encourages pharma companies to significantly improve the quality standard on their production sites. In those cases where the motivation is not to battle competition, such moves also benefit the local markets and consumers in India by ensuring better quality drugs.
As per latest data, Indian pharma exports to the US climbed to $7.83 billion during the April-February period in 2024, from $6.8 billion in the same period in FY23. India’s total pharmaceutical exports increased by 9.34% at $25.04 billion from $22.9 billion during the period under review. The US contributes to about 30% of India’s total pharma exports.
Esta historia es de la edición July 07, 2024 de The Sunday Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 07, 2024 de The Sunday Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
MG Windsor recorded 15,176 bookings on first day
MG Windsor EV, India's 1st Intelligent CUV, received a significant customer response minutes after the bookings commenced on Thursday, October 3, 2024, at 7:30 am.
HERO MOTOCORP SOLD 5.12 LAKH UNITS OF MOTORCYCLES AND SCOOTERS IN AUGUST
Hero MotoCorp, a manufacturer of motorcycles and scooters, sold 512,360 units of motorcycles and scooters in August 2024, the company informed the exchange in a filing.
Govt subsidies, falling battery prices to make EVs more accessible
Government subsidies and declining battery prices are making electric vehicles (EVs) more accessible even though they still have higher upfront costs than conventional internal combustion engine (ICE) vehicles, Axis Securities said in an analysis.
eHUB by MG app crosses 15,000 downloads in two months
SW MG Motor India today announced that it has achieved a milestone of 15,000 downloads for the eHUB by MG app since its launch on 6th August this year.
GOVT NOTIFIES PM E-DRIVE SUBSIDY SCHEME WITH RS10,900 CR OUTLAY
The central government notified the PM Electric Drive subsidy scheme with an outlay of Rs10,900 crore, which will be implemented from tomorrow, October 1, 2024, till March 31, 2026.
The all-new BMW M4 CS launched in India
The car will be available in the country as a Completely Built-Up (CBU) model and can be booked at the BMW dealership network.
SC dismisses review petitions on taxation of mines
The Supreme Court has dismissed petitions seeking a review of its landmark 9-judge bench judgment, which affirmed that states possess the authority to levy taxes on mineral-bearing lands and clarified that royalties on extracted minerals do not constitute a tax.
COURT PLACES ASHISH PANDEY IN CBI CUSTODY
A court in Kolkata has recently placed Sandip Ghosh, the former principal of RG Kar Medical College and Hospital, and suspended police officer Abhijit Mondal in 14-days of judicial custody.
MP HC dismisses plea of man booked for offensive post
The Madhya Pradesh High Court has dismissed a petition from a man seeking to quash an FIR related to an allegedly offensive post on his Instagram account targeting Lord Ram, Uttar Pradesh Chief Minister Yogi Adityanath, and Hinduism.
CJI reminds lawyer he's 'still in charge'
Chief Justice of India (CJI) DY Chandrachud, who is set to retire in November, reminded a lawyer on Thursday that he is \"still in charge\" despite his short remaining tenure.