Tag: OTC Drugs

Peptonic Medical and Orion CMO made a technology transfer agreement

biotechnology
Peptonic Medical AB (Sweden) entered a tech transfer agreement with Orion Contract Manufacturing Organisation (CMO) (Finland) to prepare for the commercial manufacture of VagiVital - a product that Peptonic plans to launch.

Ascendia will develop OTC ophtalmic medicines jointly with KC Pharmaceuticals

research tube
Ascendia Pharmaceuticals, a pharma company engaged in nano-formulation design, formulation, and manufacture of poorly soluble molecules, entered into a collaboration with KC Pharmaceuticals to develop OTC ophthalmic medicines.

Procter & Gamble buys the consumer health business of Merck KGaA

procter&gamble
The Procter & Gamble Company signed an agreement to acquire the Consumer Health business of Merck KGaA, Darmstadt, Germany, for a purchase price of approximately €3.4 billion.

Russian Ministry of Health will not approve sales of medicines in retail stores

veronika skvortsova
This was announced to reporters by the Minister of Health of the Russian Federation Veronika Skvortsova on April 13. Earlier, the Ministry of Industry and Trade finalized a draft law on sales of OTC drugs in grocery stores.

Russian State Duma opposes draft law on sales of medicines in supermarkets

Supermarket
This was announced by Alexander Petrov, a deputy of State Duma, at the meeting of the Board of Roszdravnadzor. The State Duma supported the draft law on online sales, but the discussion on prescription drugs was not over.

Novartis sells its stake in consumer healthcare joint venture to GSK

novartis
Novartis announced that it has entered into an agreement with GlaxoSmithKline (GSK) to divest its 36.5 percent stake in its consumer healthcare joint venture (JV) to GSK for $13.0 billion.

US FDA warned OTC drug manufacturers from China and Hong Kong

fda
The US Food and Drug Administration released warning letters sent to two over-the-counter drugmakers in China (Zhejiang Ludao Technology) and Hong Kong Zhejiang (Nan San).

A license for pharmaceutical activities will allow retail stores to sell medicines

The Russian ministry of industry and trade
The Russian Ministry of Industry and Trade proposes to establish the right of trading organizations to sell OTC drugs under a license