NEW YORK: Martin Shkreli, the former hedge fund manager vilified in nearly every corner of America for buying a pharmaceutical company and jacking up the price of a life-saving drug more than fifty-fold, was arrested on Thursday on securities fraud charges unrelated to the furore...
Shkreli has found himself at the centre of a firestorm over drug pricing in the last few months, and he hasn't been afraid to throw on more fuel...
ISLAMABAD: The inspection team of the Drug Regulatory Authority of Pakistan (DRAP) raided medical stores on Friday and confiscated the stock of a drug which was being sold at 50 per cent higher than the official rate...
During the inspection the team found a locally manufactured drug (10 tablets) being sold at Rs230 whereas its official price was Rs150...
SAN FRANCISCO: The company that sparked an angry backlash after it raised the price of a drug for treating a deadly parasitic infection by more than 5,000 percent says it will roll back some of the increase...
Turing Pharmaceuticals CEO Martin Shkreli told ABC News on Tuesday that the new price would make Daraprim more accessible, although he did not say what the new price for the drug would be...
The situation has been heading from bad to worse since the Drug Regulatory Authority of Pakistan (Drap) started showing lenience over the matter...
The same medicine was sent to the market in June (batch 07117), carrying a Rs555 price tag (approximately 95pc increase)...
The government had fixed the price of Rs5,868 for 28 tablets after modifying provisions of the Drugs Pricing Policy, 2015, after the approval of the prime minister and notified it on Feb 9 for generic version of the new drug, she said...
Replying to a question during the question-hour, she said nine local companies had been allowed to manufacture the tablets at affordable price, of which five had started marketing the medicine, while...
KARACHI: Ferozsons Laboratories Limited has obtained the manufacturing licence, along with the requisite production process technology from Gilead Sciences Inc, to manufacture an authorised generic version of ‘Sovaldi’ in Pakistan...
The medicine used in the treatment of Hepatitis C Virus (HCV) will be produced under the brand name of Savera (Sofosbuvir 400mg) tablets, which will be available at a retail market price of Rs5,868 per 28...
ISLAMABAD: The Pakistan Medical Association (PMA) has accused the Ministry of National Health Services (NHS) of misleading the nation by claiming that the federal cabinet has reduced prices of 89 medicines at its meeting held on Dec 24...
PESHAWAR: The Peshawar High Court on Thursday directed the Drug Regulatory Authority of Pakistan to reconsider its recent decision to increase prices of numerous medicines and submit a report in that respect within a month...
A bench consisting of acting Chief Justice Qaiser Rashid Khan and Justice Syed Arshad Ali observed that the continuous increase in drug prices had made the people’s life miserable as they could no longer afford...
LAHORE: With the federal government hinting, and the Punjab most probably following, at wheat release price of Rs1,950 per 40kg, the flour price is set to increase by a staggering 22...
73 per cent – from the current official price of Rs860 per 20 kilo to Rs1,100...
HYDERABAD: President of Pakistan Dr Arif Alvi has said that price hike has become a global issue and prices of essential commodities increase with rise in prices of fuel and appreciation of dollar’s rate against rupee...
IT was an expanding industry all over the world and Pakistan had also witnessed a substantial increase in IT-related income, he said...
Pakistan has asked the Facebook management to link opening of Facebook accounts to mobile numbers to overcome the issue of fake accounts, said a Pakistan Telecommunication Authority (PTA) official...
“Mobile numbers are verified through biometric verification system in the country...
Alcatel has appointed United Mobile (UM) as the second official distributor of its smartphones in Pakistan...
Speaking at a press conference, Nauman Durrani, General Manager of Alcatel in Middle East, Pakistan and Egypt said that Pakistan is a high growth market with 3G and 4G penetration and lots of potential...
ISLAMABAD: The auction for mobile telephony spectrum is expected to be held in June, and consultants have expressed optimism that it will be successful because of the potential available in Pakistan...
The briefing was made by a consultant at a meeting of the advisory committee for the release of Next Generation Mobile Services (NGMS) spectrum at the Finance Division on Thursday, chaired by Federal Minister for Finance and Revenue...
The Pakistan Telecommunication Authority (PTA) said on Friday that mobile broadband service was being restored across Pakistan after a three-day closure...
The regulatory authority had suspended mobile broadband and restricted access to Twitter, Facebook and YouTube on the interior ministry’s instructions in the wake of violent protests sparked by PTI Chairman Imran Khan’s arrest on Tuesday...
KARACHI: The customer base of branchless banking would become larger than the conventional banks in the next five years as 50 million mobile accounts are expected to be operational by 2020, said Nadeem Hussain, President, Tameer Bank...
Speaking at the ‘Pakistan Payment Summit-2015’, organised by the Total Communications, in collaboration with the State Bank of Pakistan and 1-Link, Nadeem Hussain further stated that a fund of Rs100...