Modicare to be part of India’s new pharma policy

Bengaluru: India’s ambitious National Health Protection Scheme (NHPS), dubbed “Modicare”, proposed in the Union Budget 2018, will be part of a pharmaceutical policy to be announced soon. In what is claimed to be the world’s largest such scheme, the government proposes to provide health cover of up to Rs5 lakh per year to 500 million people […]

Fortis Healthcare zooms 24% on Singh brothers resignation from directorships

Fortis Healthcare shares rallied more than 24 percent intraday Friday after resignation from Singh brothers from the directorships of the company. The specialist hospitals chain informed exchanges that Mr Malvinder Mohan Singh, Executive Chairman and Dr Shivinder Mohan Singh, Non-Executive Vice Chairman have tendered their resignation from the directorships of the company. The board of […]

A languishing state-run drug maker pulls up its socks, is set to go global

Even as private sector pharmaceutical manufacturers are struggling to grab a pie in the competitive generic market, Kerala State Drugs and Pharmaceuticals Ltd (KSDP) is expected to start exporting its medicines to African nations such as Ghana, Kenya and Zimbabwe, and Asian nation Cambodia from 2018-19 onwards. KSDP is said to be the only state government-run pharmaceutical manufacturing public […]