Codex standards adopted for 3 spices, India's efforts pay off
The Dollar Business Bureau In a major recognition of efforts by India for benchmarking international spices trade, global standards setting body Codex Alimentarius Commission (CAC) has accepted three Codex standards for white, green and black pepper, thyme and cumin, setting a course for universal agreement for identifying quality spices in different countries. The member-nations of CAC, which held the 40th session meeting during July 17-22 in Geneva, unanimously agreed on the adoption of Codex standards for the given three spices that would facilitate in setting up of a common process for standardisation of spices for their availability and global trade. “The Codex standards were adopted in the wake of India conducting three sessions of Codex Committee on Spices and Culinary Herbs (CCSCH) ...
Shantha Biotech starts Rs.250-cr unit in Hyderabad
Sharath Chowdary Shantha Biotechnics has started commercial production of its new manufacturing unit in Muppireddipalli Special Economic Zone (SEZ) near Hyderabad. With an investment of over Rs.250 crore, the new facility has been built to produce and export vaccines to the United Nations Children's Emergency Fund (UNICEF) and other international markets. The company is completely owned by Sanofi Pasteur, the vaccines division of French pharma company Sanofi Group. Another manufacturing facility is also being set up in Hyderabad with an investment of Rs.450 crore for the production of Insuman, human insulin, used in the treatment of diabetes. This plant is expected to commence its operations next year, Varaprasad Reddy, Chairman of Shantha Biotechnics told The Dollar Business. He said, “The two facilities are ...
Cadilla Health Care stocks fall by 3%, WHO notice brings concern
The Dollar Business Bureau Cadilla Health care saw a 3% decrease in their trade, after they had got a notice of concern from World Health Organization(WHO), regarding breach of the manufacturing good practices at its Moraiya plant in Sanand district, Gujarat. The stock is presently at Rs 313.60 on the BSE, after it fell to a 2.97 per cent. The fall of Cadilla Healthcare stock has been falling for three consecutive days. The scrip has further fallen down to 5.29 per cent in the foregoing sessions amidst the WHO warning concerns. Reports state wherein the company’s spokespersons have clarified, “there have been some reports regarding the pre-qualification plant inspection of the vaccines facility by WHO in terms of the possible linkage ...
USFDA approves India-made Dexamethasone injection
Dexamethasone Sodium Phosphate injection had an estimated market size of $31 million for the twelve months till September 2015 The Dollar Business Bureau So far, Aurobindo Pharma Ltd. has acquired 17 ANDAs (including one tentative approval) approvals for manufacturing general injectable products Indian drug major Aurobindo Pharma Ltd. on Wednesday announced that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Dexamethasone Sodium Phosphate Injection USP, 4 mg/mL (1 mL, 5 mL and 30 mL vials). "The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Dexamethasone Sodium Phosphate injection USP, 4 mg/mL, of Luitpold Pharmaceuticals Inc.," Aurobindo Pharma Ltd. said in a statement. Dexamethasone Sodium Phosphate injection is used for ...
Customs duty exemption on imported drugs & equipment for HIV
The Dollar Business Bureau Central government has decided to exempt the customs duty on the imported drugs and equipment for HIV keeping in view the public interest and the greater good that these drugs will bring to the people suffering. The customs notification has revealed that the complete custom duty levied on the goods and also the additional duty levied there on subjected to the importer produces will be exempted. The drugs such as Anti-Retroviral Drugs and also the diagnostic and equipment fall under the exemption, which would now give the sigh of relief to the importers. However the charge is levied prior to the clearance of the said goods, either before the Assistant Commissioner of Customs or Deputy Commissioner of ...
India to lead World Health Assemblys drive on intellectual property
The Dollar Business Bureau The 68th World Health Assembly (WHA) a constituent of World Health organisation (WHO), will be lead by India at Geneva from May 18-27, 2015. The event is expected to deliberate on the plan of action on innovation and intellectual property and other key issues of global interest including anti-microbial resistance, air pollution and health, global health emergency, said a PIB release. Minister of Health & Family Welfare Jagat Prakash Nadda will preside over the 68th Session of the World Health Assembly. The Union Minister is leading a high level Indian delegation to the WHA, to be held in Geneva during 18-27 May, 2015. The Union Minister will also participate in a number of bilateral and multilateral ...
