Monday, 23 May 2016

Pfizer asked to withdraw Medrol and other top pharma news

Zika, the deadly virus that has been linked to neurological disorders including babies being born with small brains, has now reached beyond South America to Cabo Verde - northwest coast of Africa, said WHO.

Doctor prescription and medicine
The Delhi High Court has asked pharma major Pfizer to withdraw stocks of its already imported drug Medrol, which is used to treat a range of inflammatory, allergic and immune disorders.

Zika, the deadly virus that has been linked to neurological disorders including babies being born with small brains, has now reached beyond South America to Cabo Verde - northwest coast of Africa, said WHO.

Large capital requirements with blurred profitability prospects and increasing competition in the payments space may force a few more players to reconsider their launch plans. Of the 11 payments bank licencees, two players have already opted out so far. “I do believe a few of the players will choose to return their licences or will agree and consolidate in the next three to five years. At the end, we may have four-five payments banks. The viability of a payments bank will depend on the (transaction) volumes and consolidation will increase the volumes and the chances of viability,” Ashwin Parekh managing partner at Ashvin Parekh Advisory Services LLP told Financial Chronicle. Another experienced banking sector consultant told this newspaper, “Telecom companies are well positioned to become payments banks, as they already have a mobile money platforms. However, the non-telecom companies, for instance NBFCs, that are going to launch payments banks, would find the going tough since the proposition is not about branches, but about creating an ecosystem where the payments bank card can be accepted.”

Some people describe Darwinian evolution as “only a theory”. Try explaining that to the friends and relatives of the 700,000 people killed each year by drug-resistant infections. Resistance to antimicrobial medicines, such as antibiotics and antimalarials, is caused by the survival of the fittest. Unfortunately, fit microbes mean unfit human beings. Drug-resistance is not only one of the clearest examples of evolution in action, it is also the one with the biggest immediate human cost. And it is getting worse. Stretching today’s trends out to 2050, the 700,000 deaths could reach 10m.

World Bank's investment arm International Finance Corporation (IFC) is looking to invest US$68 million (about INR 460 crore) in Apollo Health & Lifestyle. Apollo Health runs the Apollo Hospital's small format centres.

With nearly one lakh employees in more than 100 countries, Sanofi is the world’s fourth largest pharmaceutical company and the biggest in Europe and emerging markets. Its vaccine division, Sanofi Pasteur, is arguably the world leader in human vaccine production. When it comes to organisational culture, Sanofi India, the Indian arm of the group, is recognised for its strong employee-friendly culture that is value-based, people centric and transparent, explains Gaurav Bahadur, senior director–human resources, India & South Asia, Sanofi.

Healthcare research institution, IIHMR University, Jaipur, has announced it will conduct online RuralMAT for its School of Rural Management on June 7 at select centres across the country, while offline RuralMAT will be conducted on June 10 in Jaipur. SD Gupta, president, IIHMR University, said,“RuralMAT is for those aspirants who don’t have scores of MAT, CM AT, CAT, ATMA, XAT, etc. The exam is both online and offline and there is no fee.” IIHMR will also hold PharmaMAT for its School of Pharmaceutical Management. Gupta added the Indian pharma market is expected to reach $55 billion by 2020.

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