Archives for June 1, 2010

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Surya raising funds to invest in production capacity

By Staff reporter

India-based Surya Pharmaceuticals is planning to raise Rs 500 crore ($100m) to fund construction of an active pharmaceutical ingredient (API) production plant, according to local media reports.

Shasun Chemical reports net profit for year

By Wai Lang Chu

Indian API manufacturer Shasun Chemicals and Drugs turned a previous loss into profit for Q4 of this year as it seeks to make a dent in the biosimilar manufacturing sector.

Claris’ manufacturing practices under FDA scrutiny

By Wai Lang Chu

Indian-based drug makers continue to come under intense scrutiny by the US Food and Drug Administration (FDA) as the regulatory body issues warnings to healthcare professionals not to use certain brands of antibiotics due to potential contamination.