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...

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...

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Britain’s deficit hits 17-year low

LONDON: Britain's deficit improved last year to reach its lowest level for 17 years on bumper tax revenues and lingering state austerity, official data showed...