drugs
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Shahram Warsi Oct 24 2018 - 2 min readOften, it’s easy to assume that there isn’t much for entrepreneurs in the drug industry. But the existence of big pharmaceutical companies are proving this myth wrong, creating and offering constant opportunities for investors. The drug industry is in an emerging state in today’s India which is believed to witness expansion in the future. Experts ...
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Franchise India Bureau Oct 19 2018 - 1 min readNovartis AG will acquire Endocyte Inc, a US-based cancer drugmaker, in an all-cash deal for $ 24 per share, or a total equity value of about $ 2.1 billion. This acquisition will expand the radiopharmaceuticals business of the Swiss drugmaker. The US-based firm said that the deal will help develop a broader role for radioligand ...
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Franchise India Bureau Oct 12 2018 - 1 min readAfter receiving approval from Drug Controller General of India (DCGI), Lundbeck India Private Limited has announced the launch of Brintellix (Vortioxetine) in India for the treatment of patients suffering from Major Depressive Disorder (MDD). Brintellix will be the first patented drug to be sold in India for depression. According to a survey conducted by NIMHANS, an ...
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Franchise India Bureau Sep 14 2018 - 1 min readMumbai-based online drugstore PharmEasy has raised venture debt funding of $5.5 million from venture debt investor InnoVen Capital. Dharmil Sheth, Co-founder of PharmEasy, has said that the funds will be used for working capital needs and inventory. The company was founded in 2015. Sheth said, "Debt is a great tool to use as working capital. We plan ...
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Franchise India Bureau Sep 03 2018 - 1 min readWith the online sale of medicine getting gaining popularity, the Union Health Ministry has issued draft rules on sale of drugs by e-pharmacy. The ministry has come out with the set of draft rules to amend the Drug and Cosmetics Rules, 1945. As per the new draft rules, online pharmacies will need to register with ...