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Panacea Biotec is a global generic and specialty pharmaceutical and vaccine maker. It has principal offices in New Delhi, Mumbai, and Lalru (near Chandigarh). It has business interests in research, development, manufacturing and marketing of pharmaceutical formulations, vaccines, biosimilars, and natural products. [1]
An explosion at an Escientia Advanced Sciences pharmaceutical manufacturing facility in the Atchutapuram Special Economic Zone in the Anakapalli neighborhood of Visakhapatnam in Andhra Pradesh on 21 August 2024 killed at least 18 people. Fifty more were injured. [1] [2] [3]
Ipca Laboratories Limited is an Indian multinational pharmaceutical company based in Mumbai. It produces theobromine, acetylthiophene, and p-bromotoluene as active pharmaceutical ingredients (APIs). Ipca sells these APIs and their intermediates globally. [6]
Elder Pharmaceuticals Ltd is a pharmaceutical company headquartered in Mumbai, Maharashtra. [7] Its main activities include the manufacturing and marketing of prescription pharmaceutical brands, surgical and medical devices. Its largest presence in three therapeutic segments, Women's Healthcare, Wound Care and Nutraceuticals.
On 4 March 2024, Cadila Pharmaceuticals announced the launch of Cadiflu Tetra, a quadrivalent influenza vaccine approved for use in adults and children by the Drugs Controller General of India (DCGI), using proprietary technology with nano-sized particles to mimic the virus's external structure without containing its genetic material. [21]
The lawsuit was dismissed in 2024. [25] In 2016, the USFDA gave a warning letter to Emcure for data integrity problems at Emcure plants. [26] In 2010, Pfizer recalled three batches of an anti-bacterial product from the US market due to presence of Bacillus anthracis, Penicillium chrysogenum & E. coli in some samples. [13]
Rubicon Research was founded in 1999 by Pratibha Pilgaonkar, Sudhir Pilgaonkar, and Maharukh Rustomjee. In 2000 it started operations as an independent product development company, located in Bhandup, Mumbai, with three scientists in a 2,000 sq ft (190 m 2) laboratory.
According to Economic Survey 2023, the turnover in the domestic pharmaceutical market was estimated to be $41 billion. [5] India's pharmaceutical exports revenue was $25.3 billion in fiscal year 2022–23, according to the data released by Pharmexcil. [6] India ranked third globally in terms of dollar value of drugs and medicines exports. [7]