Pharmaceuticals
Former Ranbaxy promoters ordered to pay Rs2,500 cr damages
06 May 2016
Daiichi filed an arbitration case in 2013 in Singapore, accusing the Indian promoters of concealment and misrepresentation of facts and seeking compensation for fines that it was forced to pay the US Department of Justice
Indian hospital in tests to bring dead back to life
05 May 2016
American biotech firm Bioquark Inc has won regulatory permission to test whether brains of technically dead people can be regenerated – and the first stage will take place at Anupam Hospital in Rudrapur, Uttarakhand
Pfizer initiates buyout talks with cancer drug maker Medivation
04 May 2016
US drug giant Pfizer Inc has initiated talks with cancer drug maker Medivation Inc over a possible buyout, a move that could rival a $9.3-billion offer from Sanofi
AstraZeneca, Reckitt Benckiser face investor ire over fat executive pay
02 May 2016
Reckitt Benckiser was fined the equivalent of £885,000 in Australia for misleading consumers after a court ruled that pills that claimed to target ailments such as migraine or back pain were identical