Pakistan News

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  • Pharma firms ‘illegally’ selling vital drugs, implants at Jinnah Hospital

    LAHORE: Some pharmaceutical companies are involved in an illegal business of selling cardiac medicines, surgical items and orthopaedic implants at Jinnah Hospital with the alleged connivance of doctors and administration officials of the institute...

    The companies have set up mobile pharmacies in the cardiology and orthopaedic departments of the hospital and cheating poor patients by selling life-saving drugs and surgical implants at...
  • ‘Pharma companies producing quality drugs’

    KARACHI: Despite pricing and policy constraints, pharmaceutical companies in Pakistan are producing quality drugs under the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) Code of Conduct, a statement released by the representative body of pharma industry said...

    During a visit to a GSK production facility in SITE, Karachi, Pharma Bureau (PB) representatives said that despite regulatory challenges,...

  • Pharma boss who hiked price of life-saving drug arrested

    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...

    The boyish-looking 32-year-old entrepreneur — a relentlessly self-promoting figure who has called himself "the world's most eligible bachelor" on Twitter and...
  • Pharma industry blames regulator for medicine shortage

    Their representative body, the Pharma Bureau, urged the Drap in a statement on Tuesday to revise its mechanism for controlling the supply of Ephedrine, Pseudoephedrine and other Active Pharmaceutical Ingredients (API) that are used in manufacturing cough and cold syrups, psychotherapeutic drugs and other medicines...

    However, the Pharma Bureau statement claimed that Drap delays the yearly allocation of quota for raw materials, which...

  • Big Pharma eyes $7.2bn down on the farm for superbug risk

    A sparkling and sprawling 48,000-square-foot two-story structure, decorated with artwork of animals etched onto interior glass walls, recently opened its doors 23 miles outside Indianapolis with one sole purpose: to keep the globe’s 70 billion farm animals healthy...

    That increasingly means less reliance on antibiotics for animals
  • Pharma firms skip meeting to discuss price increase

    However, only Pakistan Pharmaceutical Manufacturers’ Association (PPMA) chairman Hamid Raza attended the meeting while the representatives of Pharma Bureau (the body of multinational companies) and the Pakistan Chemists and Druggists Association (PCDA) did not turn up...

    ”Executive Director Pharma Bureau Ayesha Tammy Haq told Dawn that in 2001 there were 36 multinational companies in the country but their number has decreased to 24...

  • Pharma firms grilled about tax in Australia

    SYDNEY: The world’s top pharmaceutical companies on Wednesday told an Australian parliamentary hearing they were compliant with local and international laws, despite claims they are charging higher prices to minimise tax...

    Australia and other nations have been increasing their efforts to crackdown on profit-shifting by multinational firms that use complex structures to lower their tax bills in some jurisdictions
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