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Lupin, Granules India recall around 9.71 lakh bottles of diabetes drug in the US market. (Representative Image)

Lupin, Granules recall 9,71,000 bottles of Metformin supplied to US

Hyderabad-based Granules India is recalling over 4.78 lakh bottles of the drug in 750 mg strength

27 July 2020 8:58 AM IST

Maharashtras Food and Drug Administration (FDA) plans to buy remdesivir from a Gujarat-based company. (ANI Photo)

Maharashtra FDA to buy remdesivir from Gujarat firm

State FDA minister Rajendra Shingne said the government plans to publish the price and availability of the drugs online...

26 July 2020 3:55 PM IST

Sun Pharmas arm Taro resolves all cases with US Dept of Justice. (PTI Photo)

Sun Pharma's Taro resolves multi-year investigations over generic drug...

Taro Pharmaceutical said that it is discussing a separate corporate integrity agreement with the department of health...

24 July 2020 1:03 PM IST

US to pay Pfizer, BioNTech $1.95 billion for COVID-19 vaccine. (AFP Photo)

Pfizer, BioNTech reach $1.95 billion COVID-19 vaccine deal with US

The contract for 100 million doses of the vaccine amounts to a $39 price tag for what is likely to be a two-dose course...

23 July 2020 10:19 AM IST

Glenmarks trial results show significant faster time to clinical improvement with Favipiravir. (Representative Image)

Glenmark's Favipiravir shows positive results in Phase-3 COVID-19...

The results also demonstrated 40 per cent faster achievement of 'clinical cure' defined as the physician's assessment of...

23 July 2020 9:40 AM IST

The Coca-Cola Company on Tuesday reported a 16 per cent decline in its unit case volume for the second quarter. (AP Photo)

India lockdown dents CocaCola sales in June quarter

Unit case volume declined 36 per cent driven by India and South Africa due to the impact of the coronavirus, said...

22 July 2020 9:03 AM IST

Hindustan Unilever Limited or HUL is a fast moving consumer goods company.

FMCG giant Hindustan Unilever registers 5.7 per cent growth in...

The company had posted a net profit of Rs 1,795 crore in April-June quarter of the previous fiscal.

21 July 2020 7:17 PM IST

Glenmark Pharmaceuticals Ltd defended the pricing of its generic version of favipiravir, FabiFlu. (Representational Image)

FabiFlu more economical, effective treatment option for COVID-19:...

Glenmark also denied making any claims that favipiravir alone is effective in treatment of mild-to-moderate COVID-19...

21 July 2020 3:38 PM IST

Novartis reported Tuesday higher profits in the first half of the year despite the coronavirus pandemic causing swings in sales. (AFP Photo)

Novartis profits rise despite coronavirus sales swings

Sales were mostly affected by lower new patient starts and significant reduction in patient visits to physicians, said...

21 July 2020 1:22 PM IST

Jubilant Generics gets nod to manufacture, market anti-viral drug Remdesivir. (Representational Image)

Jubilant Generics gets DCGI nod to manufacture COVID-19 drug...

On June 21, Hetero and Cipla and on July 2 Mylan were given permission to manufacture and market the drug on the same...

21 July 2020 10:01 AM IST

IndiGo said it will cut 10% of its workforce as it grapples with declining revenues due to the fallout from the COVID-19 pandemic. (PTI Photo)

IndiGo to cut 10% staff, says CEO Ronojoy Dutta

IndiGo, which had 23,531 employees on its rolls as of March 2019, said it was flying only a small percentage of full...

21 July 2020 9:05 AM IST

Cafe Coffee Day (CCD)has closed down around 280 outlets in the first quarter of the current fiscal year. (AFP Photo)

Cafe Coffee Day closes 280 more outlets in Apr-June quarter

The coffee chain also reported a decline in average sales per day per cafe to Rs 15,445 during the April-June quarter

20 July 2020 3:55 PM IST