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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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,...