Fate of Pfizer’s consumer business in spotlight after Merck sells its unit

NEW YORK: With the sale of Merck's consumer healthcare business to Procter & Gamble, the spotlight now shifts to the fate of Pfizer's consumer healthcare unit,...

Do cures harm the drug business?

OTTAWA: "Is curing patients a sustainable business model?" That provocative question was posed on page 38 of a Goldman Sachs research report on biotechnology...

LCCI demands DRAP to form a liaison committee

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded from the Drug Regulatory Authority of Pakistan (DRAP) to form a liaison committee...

GSK set to capitalise as Reckitt Benckiser pulls out of Pfizer deal

NEW YORK: British consumer goods group Reckitt Benckiser has pulled out of discussions with Pfizer over buying its consumer healthcare business, strengthening the hand of...

Pharma has potential to surpass textile industry in Pakistan: Chairman AGP

KARACHI: The pharmaceutical industry in Pakistan has the potential to increase its exports to such an extent that it can become the biggest exporting industry...

AGP Ltd raises Rs2.8 bn in IPO

KARACHI: AGP Limited, a part of OBS Group, the 8th largest Pharmaceutical Group in Pakistan, successfully raised Rs2.8 billion from foreign, local institutional investors...

Is Treet Corporation Pakistan’s next big conglomerate?

Syed Sheharyar Ali is now the fourth generation of his family to be a major business owner in the region that is now Pakistan,...

Law ministry advises govt against notifying drug price increases

ISLAMABAD: The government has been told to withhold a drug price revision notification by the Law Division regarding change in prices of life-saving drugs.This...

AGP IPO: Book-building process ends up in strike price of Rs80

LAHORE: The book-building process of the Initial Public Offering (IPO) of AGP Limited, one of Pakistan’s leading pharma companies has resulted in a strike...

Pak pharma industry suffers from government’s shackles

A thriving sector in Pakistan’s economy, pharmaceuticals is a $3.2 billion industry, growing at 15% annually, while its exports now at $US200 million are...

French companies invited to invest in food industry, pharmaceutical sector

ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal Khan on Friday invited investment by French companies in the food industry, pharmaceuticals, skill development...

DPCA uncovers tax evasion in import of cancer drug

KARACHI: A case of tax evasion in import of cancer drug named “Tasigna” has been uncovered by Directorate of Post-Clearance Audit (DPCA).According to a...

Seasonal flu pushing up rates of Arinac Forte, Panadol CF

KARACHI: As seasonal flu sets in, demand has surged for Arinac Forte and Panadol CF , used for cold and flu and witnessed huge increase...

DRAP to establish ‘Code of Ethics’ for doctors and pharma companies

Karachi: Drug Regulation Authority of Pakistan (DRAP) is planning to establish a much needed ‘Code of Ethics’ for doctors and pharmaceutical companies, which would...

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...