Photo: Healthline
Johnson & Johnson Plans To Split Into Two Companies
Healthcare giant Johnson & Johnson announced its plans to split into two different companies on November 12. The company will split its health division that sells Band-Aids and Baby Powder from its large pharmaceuticals unit, reported Reuters. The move came after multinational companies such as Toshiba adopted the same business strategy to simplify their structure. The separation is expected to be completed within 18 to 24 months.
Tags: Johnson & Johnson, business, Healthcare, Pharmaceuticals
Courtesy: Reuters
Photo: Cheddar
Over 300 COVID Vaccines Under Development, Says WHO
Amidst the ongoing pandemic, pharmaceutical companies are developing over 300 vaccines. Reportedly, 126 and 194 vaccines stand at the clinical development and pre-clinical development stage respectively. India has developed the Covaxin, and is also manufacturing Covishield. According to WHO, few Indian vaccines are in the clinical trial phase. Notably, Bharat Biotech and Thomas Jefferson University have reportedly signed a deal to develop a… read-more
Tags: Covid-19, Coronavirus Vaccines, Pharmaceuticals, India, WHO
Courtesy: LiveMint
Photo: DNA
NCB Raids Haridwar Based Drug Cartel; Seizes Contraband Worth Rs 30 Lakh
In a big success, the NCB on April 12 seized 70,000 codeine-based cough syrups, opioid pills worth Rs 30.5 lakh and 15 kilograms amphetamine. NCB seized the contrabands from a Haridwar-based pharmaceutical company, allegedly fudged records to export the prohibited items to UK, US and Europe. Receiving orders on Dark-net, the syndicate supplied them in herbal packages. Arresting four, NCB stated to seize the drugs in 34 searches.
Tags: Drug lord, Drugs, Uttarakhand, Pharmaceuticals
Courtesy: Hindustan Times
Photo: AJP
Two Pharma Companies To Invest Rs 700 Crore In Hyderabad's Genome Valley
Hyderabad's Genome Valley will soon be getting new pharmaceutical units with an investment of Rs 700 crore from two city-based drug-makers. The two pharmaceutical companies - Granules India and Laurus Labs - on October 27 announced investments of ₹400 crores and ₹300 crores respectively. Reportedly, the investments aim to create job opportunities for over 1,600 people. Officials from both the companies met Telangana's Industries Minister K.T… read-more
Tags: Granules India, Laurus Labs, Hyderabad, Pharmaceuticals, K T Rama Rao
Courtesy: The Outlook
