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PHARMACEUTICAL FRAUD
Rajasthan government orders three-layer drug testing after tragedyRajasthan is changing drug procurement rules after recent maternity deaths occurred. A probe found spurious oxytocin injections caused thes...- 88% ‘hard-to-recycle’ plastic: PolyCycl’s bet on turning waste into valueIndia's plastic waste problem is being tackled by PolyCycl's innovative chemical recycling. The technology transforms difficult-to-recycle ...
- Supreme Court allows Sandesara brothers to settle $1.6-billion fraud caseThe Supreme Court has offered a deal to billionaire brothers Nitin and Chetan Sandesara. They can avoid criminal charges in a $1.6 billion ...
- Cyber fraud: Dr Reddy's Laboratories loses Rs 2.16 cr after fraudsters hack email communicationBengaluru police are investigating a Rs 2.16 crore cyber fraud where hackers infiltrated email communications between Group Pharmaceuticals...
- $18.8M Ozempic Scam: Vicky Ramancha’s anticipatory bail rejected by city courtVicky Ramancha, the key figure in a $18.8 million international scam involving counterfeit Ozempic, was denied anticipatory bail by a city ...
- Indian-origin former Theranos executive sentenced to nearly 13 years in prison for fraudBalwani conspired to induce retail stores Walgreens and Safeway to invest in Theranos based on false pharmaceutical company endorsements an...
- Theranos founder Elizabeth Holmes faces hurdle in bid for new trial, may spend up to 20 years in jailElizabeth Holmes, implicated in a fraud and conspiracy case, has requested a new trial. However, the stern testimony of a critical witness ...
- PM Modi to launch National Digital Health Mission and a unique identity numberAs first reported by ET on August 1, Modi is likely to unveil a national digital health ecosystem which would digitise personal medical rec...
- Pharma company accountant held for sharing its data with rival firmMahaveer Pharma, a firm based in Chamrajpet, detected that data of all its transactions between April 1 and July 22 had been sent to an unk...
- ED questions Ahmed Patel's son-in-law in money laundering caseIrfan Siddiqui, son-in-law of senior Congress leader Ahmed Patel, was grilled for several hours and is likely to be questioned on Wednesday.
- Dino Morea, DJ Aqeel summoned by ED in Sterling Biotech bank fraud caseThe Enforcement Directorate has reportedly got evidence that the two were paid money by the pharmaceutical group.
- New bank fraud: CBI books directors, promoters of Surya PharmaceuticalsPunjab and Sindh Bank and four other banks defrauded to the tune of about Rs 621 crore. The accused allegedly diverted and siphoned off loa...
- Indian-American billionaire charged with leading pharmaceutical fraud scheme in USJohn Nath Kapoor, 74, was arrested by the FBI from his home in Arizona yesterday on charges including racketeering, conspiracy and fraud.
- Shkreli arrested after putting a bounty on Hillary Clinton’s hairShkreli was stone-faced as the judge handed down her decision. He was immediately taken into custody and led away from the courtroom by two...
- Indian-origin hedge fund manager charged with insider tradingSanjay Valvani, 44, reaped unlawful profits of nearly $32 million for hedge funds investing in health care securities by insider trading.
- Only 2% Indian firms spent substantially on their cybersecurity budget this year: KPMG reportAs many as 72% Indian companies faced a cyberattack this year, even as cyber criminals got ever more aggressive and sophisticated.
- US Congress member Steve Israel seeks review of FDA's Ranbaxy probeSteve Israel, a member of the US Congress, has sought a complete review of the US FDA's probe into Ranbaxy Labs, which dragged on for eight...
- I-T dept raids premises of Elder Pharmaceuticals executivesIncome-tax officials on Tuesday raided the office and residential premises of senior executives of the Mumbai-based drug firm Elder Pharmac...
- DST tag to claim tax break may goThe finance ministry is considering a proposal to extend the sops given to research and development in the pharmaceutical sector to all com...
- US jury orders GlaxoSmithKline, Novartis to pay $114 mn price fraud caseA jury in Alabama on Tuesday found two major pharmaceutical companies defrauded Alabama in a long-running drug pricing scheme affecting a f...
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