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Pharmaceutical News

Aurobindo Pharma in talks to buy Shreya Life Sciences’s Russia business

Aurobindo Pharma Ltd is in talks to buy the Russia business of Mumbai-based Shreya Life Sciences Pvt. Ltd in a deal potentially valued between $80 million and $100 million, two people aware of the discussions said on condition of anonymity.

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Investors file class action suit against Dr. Reddy’s in US court

Dr. Reddy’s Laboratories Ltd said on Monday that some investors had filed a class action lawsuit against the drug maker in the US District Court of New Jersey, alleging violation of US federal securities laws.Shares of the Hyderabad-based drug maker fell 2.8% on the announcement in intraday trading but recouped some of the loss later.

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Pharma industry: After the wrong diagnosis, a worse prescription

Over the years, with more and more of the Indian pharmaceuticals industry subjected to different forms of price control, firms have focused more on the overseas business – from 43% of industry revenues in FY11, the domestic industry has been reduced to 34% in FY16.

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Cipla profit rises 21% to Rs 409 cr in Q1 on cost controls, operational efficiency

Cipla on Friday posted 21 percent rise in net profit to Rs 409 crores on a year-on-year basis for the first quarter ended June 30 reigning in expenses and enhancing operational efficiency.

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