Pakistan’s biggest pharma deal in advanced talks: report

Businessman Munis Abdulla to purchase one of OBS Group's pharmaceutical operations for a reported sum of Rs11bn Pakistan's OBS Group is in advanced talks...

OBS Pakistan amalgamates AGP with AitkenStuart

It is pertinent to mention that rumours had been circulating that OBS Pakistan was going through major restructuring and this acquisition by Searle comes as a surprise for the market.

Medicinal imports rise 3.54pc to $929m

ISLAMABAD: Pakistan has imported medicinal products worth $929.355 million during the first ten months of the current fiscal year, showing a growth of 3.54pc, as...

Pharma industry decides to slash prices of 395 essential drugs

'Prices will not increase if rupee remains stabilised, utility prices are maintained and rate of inflation is controlled'  KARACHI: Pakistan Pharmaceutical Manufacturers' Association (PPMA) on...

Pakistan’s medicinal imports rise by 9.74pc

ISLAMABAD: Pakistan imported medicinal product worth $656.092 million during the first seven months of current fiscal year, showing growth of 9.74 per cent, when...

Can Hamdard thrive in the era of the millennial consumer?

It is an ad that relies on contrasts: a product as traditionally Pakistani as Hamdard’s Rooh Afza being consumed by non-Pakistanis in New York’s...

Govt decision to increase medicine prices augurs well for domestic drugmakers: Fitch Solutions

Revenue generating opportunities for local pharmaceutical companies in Pakistan will improve following the decision by the government to increase the prices of medicines, said Fitch Solutions

IPO proceeds in 2018 plunged by 49% to Rs4.8 billion

AGP Pharmaceutical, one of the largest companies in the country’s pharmaceutical sector via its offer for sale (OFS) collected 65% of total raised capital during 2018

Sanofi-Aventis Pakistan’s sole shareholder to transfer its shareholding to subsidiary Zentiva NV

LAHORE: Sanofi-Aventis Pakistan (Ltd) on Friday announced that the sole shareholder of SECIPE, i.e. Sanofi S.A. has made a decision to disincorporate and transfer...

Oxfam’s damning report puts multinational pharma companies in the dock over tax evasion

Tax Dodgers: In seven developing countries, firms appeared to avoid an estimated $112m in taxes every year ISLAMABAD: Oxfam International’s damning report confirmed sustained allegations...

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...

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Pakistanis should expect substantial decrease in salaries in 2020

The people of Pakistan are the only nation in the Asia-Pacific who will record a substantial decrease in salaries made next year on the...

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OECD sees global growth at decade low, blames govts’ indecision

PARIS: The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the...