Besides Nestlé, Pfizer had been entertaining offers from Danone and Mead Johnson Nutrition in auctioning off the unit.
The country's drug watchdog has banned the sale of 13 drugs that are made with capsules containing toxic levels of chromium.
Australia seems to be an increasingly popular spot for foreign devicemakers to raise funds through initial public offerings and subsequently list on that country's exchange. Following in the footsteps of GI Dynamics, U.S.-based Osprey Medical has raised $20 million Australian in its IPO and plans to list on the Australian Securities Exchange.
Warning to pharma companies aiming to sell key drugs in South Africa: Only domestic drugmakers need apply.
An FDA advisory panel of experts recommended that regulators sign off on the company's PMA application for the equipment, which is targeted to a breast cancer screening indication.
While India is one of those countries where lots of companies are expanding drug manufacturing, it is not a guarantee that because you build, business will come.
It may not come as a surprise to most that biotech and pharma companies are expected to acquire more contract manufacturing organizations in the near future...
Yusoff Rahman, CEO of generic drug manufacturer Pharmaniaga, confirmed the company has set aside $10 million to acquire an API plant in Indonesia.
After a 'Dateline' special painted an unflattering picture of clinical research trials in India, reactions from officials there have ranged between extremes.
Trying to get a handle on counterfeit drugs manufactured in India, a task force is suggesting the government establish a "track and trace" system.