Popular Articles

Markets weak in morning trades
The markets opened on a flat note amid mixed global cues. However, bears were soon seen active following yesterday"s weakness. The Sensex drifted to a low of 16,778, down 109 points from the day"s high.

Dow Not to be ALLOWED to Clean up TOXIC waste
State government has said it will not allow Dow Chemicals, the company which has acquired Union Carbide, allegedly responsible for world’s worst ever chemical disaster in Bhopal, to clean up the toxic waste present in the closed unit of Union Carbide. It has also said that it will open the premises permanently for public from January.

News of the day

Health insurers win delay on start of $70 bn in added fees
UnitedHealth Group Inc, WellPoint Inc and smaller US insurers gained a year under Senate Democrats’ proposed health-care legislation before the start of a tax that industry lobbyists say will drive up premiums.
Small Business

Lanka raps six Indian drug suppliers on quality issues

Six Indian drug makers have been pulled up for quality lapses by Sri Lanka’s ministry of health. - Indian drug makers maintain pace of US marketing approvals - Cipla in talks with Pfizer, others for alliance - Ranbaxy recalls skin disease drugs from US The Lankan ministry was concerned at the quality of some batches of injections supplied by them. It had then restrained three of the six companies — Belco Pharma, based in Delhi, and Kilitch Drugs and Umedica Laboratories, both based in Mumbai — from supplying medicine for two years. It was in November that U A Mendis, director-general of health services, Sri Lanka, stated stated that some batches of injections manufactured by these companies had failed quality tests. The other three companies — Vin Bioproducts, Baxter India and Mercury Laboratories —- were asked to withdraw the batches of vials/bottles that were of questionable quality. “The order has been reversed and all six of us are now supplying medicines to Sri Lanka,”said P K Gupta, managing director, Belco Pharma. “The Indian firms were able to convince the Sri Lankan government of the quality of the products within weeks,” he added. SRI LANKA’S COMPLAINTS Vins Bioproducts Ltd: Discoloured and clumped vials of anti-snake venom serum Kilitch Drugs (India) Ltd: Cefuroxime injection failed quality test Umedica Laboratories Pvt Ltd: Hydroconisone injection failed quality test Baxter India: Bottles failed quality specification Belco Pharma: Pethidine injection failed test Mercury Laboratories Ltd: Promethazine injection failed test The companies had also sought help from the Indian Pharmaceutical Export Promotion Council (Pharmexcil) to take up the matter with the Sri Lankan authorities, Gupta said. India exports Rs 350 crore of medicines to Sri Lanka annually, 24th on the value list. Indian drug export companies are coming under the regulatory scanner in several countries, as regulators across the world are stepping up vigil over supply of sub-standard medicines in their countries. For instance, two of Ranbaxy’s Indian drug manufacturing sites face export bans in US due to quality concerns. Some years earlier, Nigeria had blacklisted a dozen Indian drug exporters for alleged supply of sub-standard medicine. In all these cases, the companies, individually or through Pharmexcil, have argued their case with the drug regulators.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):