Pharmaceutical Industry Reports

Expressing their concern over lack of proper incentives for the pharma industry, experts feel that the Union Budget proposals for 2012-13 has ignored the major demands of the pharma sector.

The ordinary shares of Taro Pharmaceutical Industries, a subsidiary of Sun Pharmaceutical Industry, will be listed on the New York Stock Exchange (“NYSE”) from March 22, 2012 under the symbol 'TARO'.

Should you have cancer and need chemotherapy administered intravenously, say five times a week for six weeks at a hospital or medical office, or require injections once a day for three weeks at an outpatient facility, chances are your health insurance will pick up most, if not all, of the tab. It's considered a medical benefit, like surgery.

The decision to allow Natco Pharma to sell Bayer's patented cancer drug Nexavar has divided the pharmaceutical industry with domestic firms welcoming it while multinationals said 'arbitrarily' using of compulsory licenses will undermine innovation in the sector.

In a revised agreement between the two companies, the clinical trial program will now include the initiation of a Phase 3 study to evaluate if custirsen has the potential to improve survival rates for prostate cancer patients when combined with the recently-approved, second-line chemotherapy drug Jevtana® (cabazitaxel).