Zydus Cadila launches pitavastatin in India
Zydus Cadila has launched the novel statin Pitavastatin under the brand name Pitava. The molecule — the latest addition to the family of statins — is being launched for the first time in India.

Novartis to acquire Hexal, Eon Labs for $8.3 billion
Novartis AG agreed to buy German generic-drug maker Hexal AG and its US affiliate Eon Labs Inc for about $8.3 billion in cash to become the world’s biggest maker of low-priced copies of brand-name medicines.