Drugs & Cosmetics
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Franchise India Bureau Jan 20 2018 - 1 min readDrugmaker Torrent Pharmaceuticals Ltd has acquired US-based generic pharmaceuticals company Bio-Pharm, Inc. for an undisclosed amount. The acquisition will help Torrent Pharma diversify its dosage form, expand its presence in the US and will provide it with manufacturing and R&D capabilities in that country. Established in 1992, Bio-Pharm, manufactures and develops oral solutions, suspensions and ...
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Franchise India Bureau Dec 21 2017 - 1 min readDrugmaker Strides Shasun Ltd has agreed to acquire a 55% stake in South Africa-based Trinity Pharma Proprietary Ltd for Rs 27.5 crore ($4.3 million) in an all-cash deal. The firm will acquire the controlling stake in Trinity Pharma through its wholly owned subsidiary Strides Pharma Asia Pte. Ltd. Deal will help Strides Shasun enter a ...
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Agencies Sep 29 2017 - 2 min readThe Maharashtra Food and Drug Administration (FDA) has cancelled licenses of 2,241 retail pharmacies and suspended licenses of another 1,857 retailers across the state for violation of Drugs & Cosmetics (D&C) Act like dispensing medicines without prescription. The move was taken up as a follow-up of show cause notices issued by FDA to 4,503 ...