Diabetes is fast gaining the status of a potential epidemic in India with more than 62 million diabetic individuals currently diagnosed with the disease.India now carries 20 per cent of the global burden of diabetes.
To ensure medicines sold in the country are genuine products, the health ministry has developed a 'Track and Trace' mechanism which will enable consumers to check safety and authenticity of a drug through the internet. Barcode helps in tracking and tracing origin of drugs, which minimises the chances of genuine medicines being considered spurious, sub-standard or counterfeit. The Pharmaceutical exporters keep demand in front of Union commerce ministry to exempt barcodes on mono cartons as a secondary level packaging on pharmaceuticals and drugs export consignment which is to be implemented from April 1, 2015 for tracing and tracking purposes.
Dr. Reddy’s Laboratories announced that it has entered into a definitive agreement to acquire a select portfolio of the established products business of UCB, in the territories of India, Nepal, Sri Lanka and Maldives. The acquired business is being sold on a slump sale basis. The transaction includes approximately 350 employees engaged in operations of the India Business. The revenues of the acquired business is approximately INR 150 Crores for calendar year 2014.
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The reappearance of tuberculosis and the rush of multidrug-resistant clinical isolates of Mycobacterium tuberculosis have reaffirmed tuberculosis as a key public health concern. Researchers from Global Homoeopathy Foundation (GHF) in collaboration with along with the Mumbai-based Haffkine Institute have developed a new homoeopathic drug for TB patients.
The Food and Drug Administration (FDA) is insisting the regulations in this regard are strictly followed. This ensures the products that come into the US are of the highest quality, have safety built into them and are effective. The US Food and Drug Administration (FDA) is increasing the frequency of inspections in India.
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