Medicines Financial News

Key West in Monroe County and hundred other islands, all near the Florida coast. While the pristine beaches, good sunny weather and relaxing getaways are surely an attraction, there is something else to plan ahead, when you take that holiday next time. According to data from the US National Oceanic and Atmospheric Administration (NOAA), 117 cyclones have passed this region in the last 200 years or so.

companies making exaggerated claims about their wellness products. These are indeed welcome developments. The Patanjali order involves a case between the Indian Medical Association (IMA) and the Union of India where the former alleged that Ramdev had made statements labelling allopathy as “stupid and bankrupt science".

MrMed, an online pharmacy for super specialty medicines, is set to inaugurate its inaugural physical store in Greams Road, Chennai on 25 April 2024. This marks the brand's onset into offline retail. In partnership with BDK Pharma Private Limited, MrMed Pharmacy flagship store will offer a comprehensive range of healthcare products; from daily medicines, generics, and branded generics to surgical supplies and super specialty medicines, customers can expect unparalleled convenience and quality under one roof. Devashish Singh, CEO and Co-founder of MrMed, says, «We are extremely excited to launch our first offline pharmacy on Greams Road with BDK Pharma. One of the main promoters of BDK — Habib is a dear friend of mine from my days at Duke University. Habib and I have always spoken about healthcare deeply and have extensive experience in the sector. The entire BDK group has decades of experience in setting up and scaling franchisee operations in numerous countries across the world. We are happy to partner with them in our collective goal of providing access and affordability of specialty medicines.”

pharmaceuticals has decided to expand the committee to oversee efforts to reform drug and medical device pricing by bringing in more industry participants, according to an order issued by it. As per the order seen by Mint, it has invited at least seven industry associations to the committee that has been tasked with striking a balance between pricing and availability of essential medicines, while offering incentives to the industry to foster growth and exports.

The committee now includes special invitees from the industry including director general of Organisation of Pharmaceutical Producers of India (OPPI), managing director, US-India Strategic Partnership Forum (USISPF), industry representatives like Medical Technology Association of India (MTal), Confederation of Indian Industry (CII), forum coordinator of Association of Indian Medical Device Industry (AiMed), Federation of Pharma Entrepreneurs (FOPE), among others. The committee will evaluate the availability of medicines and medical devices, the pricing of essential medicines while providing incentives to the industry to maintain growth and build sustainability in exports. The committee will soon start consultations with the industry experts and associations of both medicines and medical devices, people in the know told ET.

₹31,428 crore in advertising, making it the largest category to advertise, according to a 2024 report by Dentsu and Exchange4Media. FMCG firms account for a third of all advertising spends in India. "It is directionally very good because the Supreme Court is looking at a larger ambit now.

The apex court also took a dig at Patanjali Ayurved’s public notice tendering unqualified public apology, asking if the size of the apology put out in 67 newspapers was similar to its full-page advertisements that it normally issued for its ayurvedic products. It asked Patanjali to bring on record within two days the “original” apology published in newspapers so as to check the size of the advertisement. “Cut the actual newspaper clippings and keep them handy. For you to photocopy by enlarging, it may not impress us. We want to see the actual size of the ad. When you issue an apology, it does not mean that we have to see it by a microscope," a bench comprising justices Hima Kohli and Ahsanuddin Amanullah said.

lumpy skin disease (LSD) in 2022 that has so far killed more than 200,000 cows, hurting milk output. The plan involves monitoring occurrence of animal diseases, their prevention and management of outbreaks, with the possibility of jointly developing vaccines and other medicines, a Brazilian diplomat said. “We had a meeting with the chief minister of Punjab.

Atishi Monday alleged that the ED «lied» in court about consulting specialists from AIIMS over whether Chief Minister Arvind Kejriwal, a diabetic, needs insulin. Kejriwal had on Friday moved a fresh plea seeking consultation with his physician for 15 minutes every day and administration of insulin in jail. Addressing a press conference, Atishi said, «The ED lied in court and said specialists from AIIMS were consulted and they have said that no insulin is needed and have also formulated a diet chart for Kejriwal.» «However, the diet chart was not prepared by an endocrinologist or diabetologist, but by a dietician. We all know that dieticians are not MBBS doctors. On the basis of that diet cart, they have been saying in court that Kejriwal does not need insulin,» she said.

hookah items in Karnataka, the high court has stated that the measures taken by the state government are in strict accordance with 'Article 47' of the Constitution of India, besides being entirely defensible in the eyes of the law, a TOI report stated. Article 47 mandates that the state should strive to prevent the consumption, with the exception of medicinal use, of intoxicating beverages and of harmful drugs. Rejecting the pleas submitted by proprietors of hookah bars who contested the health department's announcement on February 7 this year, Justice M Nagaprasanna highlighted findings from the New York Poison Control Center study, stating that hookah smoking has the potential to lead to carbon monoxide poisoning and substances such as burning charcoal, utilized in the procedure, can result in heart attacks, reduced lung capacity, breathing issues, cancer, and untimely demise.

Patanjali ads case: The Supreme Court escalated its inquiries into misleading advertisements, emphasizing the protection of all consumer groups including children, babies, and women on April 23, during the hearing of Patanjali misleading ads case. The court criticized the Union government for its lax oversight, urging immediate action to safeguard these vulnerable groups from deceptive marketing practices.

‘Conspiracy to kill Arvind Kejriwal in jail’, alleges AAP MP Sanjay Singh The Tihar Jail Administration on Saturday submitted a report to the Delhi Lieutenant Governor regarding the health status of CM Kejriwal, who has been lodged in Tihar jail since April 1 this year. According to the report, CM Kejriwal was on insulin for diabetes control.

Gov. Andy Beshear says Kentucky will use a lottery to award licenses to businesses competing to participate in the state’s startup medical cannabis program

Azam Khan, a Samajwadi Party leader who has been removed from the fray because of his imprisonment. After almost five decades, Lok Sabha elections are going to be held in the complete absence of Rampur's 'Khan,' who held the sway over its voters all these years. Famous for its cultural and historical heritage, Rampur was the political stronghold of the Nawabs in the early decades after Independence. After that, the political rise of Azam Khan in the 80s eclipsed all his rivals ever since. Khan, who had a stronghold on the politics of Rampur from 1978 to 2022, is currently serving seven years of imprisonment in the case of a fake birth certificate of his son Abdullah Azam.

BJP's nominee from this seat Nitin Gadkari. Gadkari is seeking a third term from this high-profile seat, where the RSS headquarters is located. He is targeting to win by a margin of over 5 lakh votes. His main challenger is local MLA and Congress Nagpur unit chief Vikas Thakre. Nagpur, which was once a Congress bastion, has been with the BJP since 2014 when Gadkari first contested from here. Prior to that, the BJP won only once in 1996. While the BJP is counting on the development brought in by Gadkari, his personal appeal and connection, the Congress is relying on the 'DMK' (Dalits, Muslims and Kunbis) factor. Thakre is an OBC and hails from the Kunbi caste.

Supreme Court on Tuesday said Patanjali Ayurved Managing Director Acharya Balkrishna and cofounder and self-styled yoga guru Baba Ramdev are still «not off the hook,» despite the duo tendering “unqualified and unconditional apology” in person for promoting misleading advertisements of their ayurveda products. The apex court also gave Ramdev and Balkrishna a week’s time to take steps “to redeem themselves and demonstrate” their bona fides in relation to the advertisements and asked both to be present before it on April 23, the next hearing. A bench comprising justices Hima Kohli and Ahsanuddin Amanullah, conversing in Hindi, noted that Ramdev had made significant contributions to yoga. But Justice Kohli said: “We have not decided whether to forgive you or not. We will think about it. Your history is similar. We are keeping in mind your previous role. You have violated (directives) thrice. The earlier orders are under our consideration. You are not so innocent that you do not know what is going on in the court."

Patients suffering from pain have limited options when it comes to medication

Patanjali's Baba Ramdev and Acharya Balkrishna were being let off the hook in the contempt case hearing. They have been given a week to issue a public statement in the fake advertisements case. «You are not so innocent that you did not know what we said in our earlier order,» SC told Patanjali MD Balkrishna. The duo were present in the court after the SC ordered them to do so. A bench of Justices Hima Kohli and Ahsanuddin Amanullah was hearing the case. The apex court has posted the case for further hearing on April 23.

Lancet report that asserted that the Indian government spends just 1.2 per cent of GDP on healthcare and noted that it was among the lowest among G20 countries, sources in the government said that spending is at an all-time high and out-of-pocket expenditure as a per cent of the total health expenditure has decreased. «As per the National Health Policy, 2017, public investment in health is envisioned to reach 2.5% of GDP by 2025. Ministry of Health and Family Welfare (MoHFW) has taken up with States to prioritize allocation to the health sector and enhance their health budgets by at least 10 per cent every year to reach the goal as envisaged,» one of the sources said. The budget estimates of the Department of Health and Family Welfare have reached from Rs 86,175 crore in 2023-24 from Rs 36,948 crore in 2014-15, thereby showing an overall increase of 133.23 per cent during the period, they said.

Q: I've heard that it's best for my health to eat a salad before dinner. But if I'm eating vegetables regardless, does the order really matter? A: It's a popular internet health hack: Eat foods in the «right» order — vegetables first, proteins and fats second, carbohydrates last — and you'll significantly reduce your resulting spike in blood sugar, which can therefore reduce cravings, fatigue and health risks like Type 2 diabetes, proponents say.

Drug regulators in Europe have found no evidence that popular diabetes and weight-loss drugs like Ozempic and Wegovy are linked to a higher risk of suicidal thoughts or actions