Business

Unregistered herbal companies raided; offices sealed, people arrested
Business

Unregistered herbal companies raided; offices sealed, people arrested

Lahore: During a crackdown initiated against unregistered herbal companies after the expiry of date of application for registration their products on October 1,2014, over 70 herbal companies were sealed and around 69 people including pharmacists, company owners and others were apprehended during raids conducted by the Provincial Drug Inspectors. These facts were disclosed by reliable…

Profit-driven practices affecting quality of pharmaceutical products: Experts
Business

Profit-driven practices affecting quality of pharmaceutical products: Experts

Islamabad: The failure of the Pakistani pharmaceutical industry in providing excellent quality, efficacy and value in products has forced foreign donors to purchase medicine from other countries to distribute among those in need in Pakistan. According to experts, the profit-driven practices of all pharmaceutical industry owners have affected the quality of products significantly, and strict…

Final trial confirms efficacy of Sanofi’s dengue vaccine
Business

Final trial confirms efficacy of Sanofi’s dengue vaccine

(Reuters) – The French drug maker Sanofi, who has been efforting to develop the first vaccine against dengue fever, claimed its product reduced disease cases by 61 percent in a series of final clinical trial. Sanofi has invested more than $1.7 billion in the development of the vaccine, undertaking two decades of research on the…

Pharma companies stock decline
Business

Pharma companies stock decline

Karachi: Listed Pharma companies in Pakistan witness a decline in their stock prices. Market experts say the shrink has been a result of the political instability in Pakistan. Otsuka Pakistan and Sanofi Aventis Pakistan Limited remained the only companies trading in profit out of 9 listed companies. The recent protests by the Pakistan Tehreek-e-Insaaf and…

Pharma company stock stay stable despite political uncertainty
Business

Pharma company stock stay stable despite political uncertainty

By: Haseeb Uddin Karachi: The Karachi stock market suffered a decline of 666 points during the trading day after Dr. Tahir-ul-Qadri announced day of mourning. Pharma company however seems to be unaffected as almost all the company stock prices displayed a positive growth.   The announcement triggered the trend of short selling by the investor…

Protecting intellectual property rights of your clinic
Business

Protecting intellectual property rights of your clinic

It’s much coming into the trend to see consultants and to acquire outside services to have a brand identity developed for their practices. However most practitioners remain unaware that without a proper agreement with the branding vendor, the vendor can conveniently pass on practitioners ideas to other clients to perform their marketing activities. Much less…

M/s Z A Pharma being charged for tax evasion
Business

M/s Z A Pharma being charged for tax evasion

KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate of Appraisement-East has made contravention report (CR) against the importer M/s Z A Pharma after establishing tax evasion in terms of customs duty, sales tax, additional sales tax and income tax through claiming of inadmissible benefit of SRO 567 (I)/2006 and SRO 551 (I)/2008…

Free Health Insurance for poorest Pakistanis
Business

Free Health Insurance for poorest Pakistanis

DN Report: The Government of Pakistan has recently announced the National budget for the fiscal year 2014-2015, in which one big relief promised for the poorest segments of the society, is a Free Health Insurance Scheme being launched through a special financial allocation of One Billion Rupees. According to the plan of this pioneering effort,…

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