Domestic generic drug makers head for LatAm
With the competition in the domestic market hotting up following the entry of a slew of multinational companies with deep pocket, Indian generic drug makers are looking for new pastures to keep their cash box ringing.

Pharma firms moving out of Maharashtra
Over 50 pharmaceutical companies have scaled down operations in Maharashtra and Gujarat and are moving out to states like Uttaranchal and Himachal Pradesh following steep hike in excise duty in the budget.

SSI fears close down, CIPI protests against excise on MRP
‘‘The SSI sector is compelled to cut down production by at least 50 per cent in the past couple of months owing to the new MRP-based excise duty regime,’’ said P K Gupta, co-chairman, Confederation of Indian Pharmaceutical Industry (CIPI).

Global pharma sales over $500 bn in ’04
For the first time in history, global pharmaceutical sales have crossed the half trillion mark in 2004.

Patents Bill introduced in LS amidst opposition
Government introduced in Lok Sabha amidst vehement opposition from Left parties, outsider supporters of the UPA government, and the NDA.

Ordinance to amend Maharashtra Vat Act
Maharashtra Governor SM Krishna has issued an ordinance to amend the Maharashtra Value Added Tax Act, 2002.