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Emerging Markets

Latest Headlines

Latest Headlines

J&J: Expect more consolidation in orthopedics industry

Michael Orsinger, chairman of Johnson & Johnson's DePuy Synthes orthopedics unit, said May 22 that customers are demanding a "one stop shop" approach toward implants, predicting that it will drive continued consolidation in the industry.

India commits $500M-plus to doubling its regulatory force

FDA Commissioner Margaret Hamburg, during a visit to India this year, urged the country to get its regulatory house in order and make sure all of its companies are meeting the highest standards. India, without any reference to Hamburg's plea, says it is doing just that, making a large investment to vastly expand its inspection team.

GAVI calls for $7.5B to protect 300 million children by 2020

The GAVI Alliance has already saved about 6 million lives through its funding of low-cost immunization for developing countries. And now, it's looking to save 6 million more through 2020.

Roche becomes latest target of China corruption crackdown

The country is in the midst of a full-blown corruption investigation aimed largely at Big Pharma, and now it has picked another target: Swiss drugmaker Roche.

Glaxo announces 5-year price freeze for post-GAVI countries

GlaxoSmithKline has been a partner of the GAVI Alliance for years, offering some of its vaccines at low cost to help support immunization efforts for children in emerging countries. But now, it's going one step further with a 5-year price freeze on three of its vaccines for countries that graduate from GAVI funding.

India to double its drug inspection staff

In the face of FDA actions against some of India's biggest drugmakers and a barrage of criticism of its regulators, the Indian government and industry have already responded with a PR campaign, and now India says it will spend more than $500 million to double its inspection staff and upgrade capabilities.

Takeda strikes $400M IT services deal with Wipro

Wipro has won a $400 million contract to manage Takeda's infrastructure. Takeda inked the deal to consolidate its operations, with Wipro becoming its primary provider of IT infrastructure management services.

Emerging market playbook: Egypt's Amoun Pharma puts itself on the block

Any pharma company looking for growth in Egypt has a new target to consider: Amoun Pharmaceutical, one of that country's largest drugmakers. Amoun has hired Jeffries Group to explore a potential sale, Bloomberg reports.

Abbott expands manufacturing in Latin America with CFR deal

Abbott gets a portfolio of 1,000 new drugs and expects to see its sales in the Latin American market double with its $3 billion buyout out of Chile's CFR Pharmaceutical.

Biosensors International unveils innovative bare-metal stent system

Biosensors International unveiled its innovative bare-metal cobalt chromium system months after rumors of a takeover.