Pharmaceutical Industry News - Latest Updates & Headlines
India's pharma exports surpass $30 billion in FY25, US top market
New Delhi, April 19: In a significant achievement, the pharmaceutical exports from India crossed $30 billion in the last financial year (FY25), with the US remaining as a key market with more than one-third of the country's pharma exports.
'Factually incorrect': Dr Reddy's denies report on 25 pc workforce cost cuts, laying off highly-paid staff
New Delhi, April 14: Pharmaceutical major Dr Reddy's Laboratories on Monday denied media reports that claimed that the company is planning a 25 per cent reduction in workforce costs and laying off high-earning employees.
Dr Reddy's cuts workforce cost by 25 pc, lays off employees above Rs 1 cr package: Report
New Delhi, April 14: Drugmaker Dr Reddy's Laboratories is allegedly reducing its workforce costs by nearly 25 per cent, and also laying off employees earning above Rs 1 crore yearly, according to media reports.
Celltrion gets interchangeability approval for biosimilar of Humira in US
Seoul, April 14: Celltrion, a major South Korean biopharmaceutical firm, on Monday said it has obtained an interchangeability approval for its biosimilar drug for autoimmune disease treatment in the United States.
It will be challenge to pharma industry: Wockhardt's Huzaifa Khorakiwala on impact of US tariffs
Dubai, April 12: Dr Huzaifa Khorakiwala, Executive Director of Wockhardt Limited, on Saturday said that imposition of US reciprocal tariffs, if extended on the Indian pharmaceutical products, will pose a significant challenge on the industry.
India's chemical and pharmaceutical industry gains traction as Europe faces decline: Nuvama
New Delhi, February 23: India is increasingly making a mark in the global pharmaceutical Contract Development and Manufacturing Organization (CDMO) sector while rapidly scaling up its production in fine chemicals, agrochemicals, and specialty chemicals, said a report by Nuvama.
India's Pharma market to expand 2.4 times over next 5 years, share in global market to hit 5 pc: Report
New Delhi, February 11: India's pharmaceutical industry is poised for significant growth, with its share in the global market expected to rise to 5 per cent by 2030, according to a report by Bain & Company.
Cipla's Q3 net profit rises 49 pc to Rs 1,575 crore, revenue up 7 pc
Mumbai, Jan 28: Pharmaceutical major Cipla on Tuesday reported a 49 per cent year-on-year (YoY) increase in its consolidated net profit for the December quarter (Q3 FY25) at Rs 1,574.6 crore, from Rs 1,068.5 crore in the same quarter last year (Q2 FY25).
'Extremely grateful for recognition': Zydus Lifesciences Chairman elated over Padma Bhushan honour
New Delhi, Jan 26: Chairman of Zydus Lifesciences, Pankaj Patel, on Sunday thanked the Government for bestowing Padma Bhushan upon him, and said he was “extremely grateful for the recognition”.
Union Budget 2025: Pharma, Healthcare sectors seek 3 per cent hike in budget allocation
New Delhi, January 24: The Indian pharmaceutical and healthcare industry has high expectations from the upcoming Union Budget 2025, according to a report by CareEdge Ratings. The sector is calling for increased government support to strengthen infrastructure and drive innovation.
India, US can strengthen ties in healthcare security and affordability: Indian Pharmaceutical Alliance Secretary General
By Shalini Bhardwaj, New Delhi, January 21: As the US remains the top market for the Indian pharmaceutical industry, experts in India are now expecting opportunities for collaboration in healthcare security and affordability following the new US administration under President Donald Trump, stated Sudarshan Jain, Secretary General of the Indian Pharmaceutical Alliance.
UAE to host third World local production forum in April
Abu Dhabi, January 14: The UAE announced today it will host the third edition of the World Local Production Forum from April 7 to 9 at the Abu Dhabi National Exhibition Centre (ADNEC), under the theme "Advancing Local Production for Health Equity, Global Health Security, and Sustainable Development," during a press conference at the Emirates Palace Hotel in Abu Dhabi.