Concord Biotech successfully completes Russian GMP inspection at Dholka API facility
The inspection was conducted from July 22, 2025, to July 25, 2025.
In the exchagne filings, the company shared, 'We are pleased to announce the successful completion of the Russian GMP (Good Manufacturing Practice) inspection at our Active Pharmaceutical Ingredient (API) manufacturing facility located in Dholka, Gujarat. The inspection was conducted from July 22' 2025 to July 25' 2025.'
This achievement underscores the company's commitment to upholding the highest standards of quality, safety, and regulatory compliance across all areas of its operations. It also reflects Concord Biotech's continued focus on meeting the rigorous requirements of global regulatory authorities.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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Los Angeles Times
12 minutes ago
- Los Angeles Times
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U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump's threat of a 30% rate if no deal had been reached by Aug. 1. The tariffs, or import taxes, paid when Americans buy European products could raise prices for U.S. consumers and dent profits for European companies and their partners who bring goods into the country. Here are some things to know about the trade deal between the United States and the European Union: Trump and von der Leyen's announcement, made during Trump's visit to one of his golf courses in Scotland, leaves many details to be filled in. The headline figure is a 15% tariff rate on about 70% of European goods brought into the U.S., including cars, computer chips and pharmaceuticals. It's lower than the 20% that Trump initially proposed, and lower than his threats of 50% and then 30%. The remaining 30% is still open to further decisions and negotiations. Von der Leyen said that the two sides agreed on zero tariffs on both sides for a range of 'strategic' goods: Aircraft and aircraft parts, certain chemicals, semiconductor equipment, certain agricultural products and some natural resources and critical raw materials. Specifics were lacking. She said that the two sides 'would keep working' to add more products to the list. Additionally, EU companies would purchase what Trump said was $750 billion (638 billion euros) worth of natural gas, oil and nuclear fuel over three years to replace Russian energy supplies that Europe is seeking to exit in any case. Meanwhile, European companies would invest an additional $600 billion (511 billion euros) in the U.S. under a political commitment that isn't legally binding, officials said. Brussels and Washington will shortly issue a joint statement that frames the deal but isn't yet legally binding, according to senior officials who weren't authorized to be publicly named according to European Commission policy. The joint statement will have 'some very precise commitments and others which will need to be spelled out in different ways,' a senior European Commission official said. EU officials said that the zero tariff list would include nuts, pet food, dairy products and seafood. Trump said that the 50% U.S. tariff on imported steel would remain. Von der Leyen said that the two sides agreed to further negotiations to fight a global steel glut, reduce tariffs and establish import quotas — that is, set amounts that can be imported, often at a lower rate or tariff-free. Trump said that pharmaceuticals weren't included in the deal. Von der Leyen said that the pharmaceuticals issue was 'on a separate sheet of paper' from Sunday's deal. And von der Leyen said that when it came to farm products, the EU side made clear that 'there were tariffs that could not be lowered,' without specifying which products. The 15% rate removes Trump's threat of a 30% tariff. But it effectively raises the tariff on EU goods from 1.2% last year to 17% and would reduce the 27-nation's gross domestic product by 0.5%, said Jack Allen-Reynolds, deputy chief eurozone economist at Capital Economics. Higher tariffs, or import taxes, on European goods mean sellers in the U.S. would have to either increase prices for consumers — risking loss of market share — or swallow the added cost in terms of lower profits. The higher tariffs are expected to hurt export earnings for European firms and slow the economy. Von der Leyen said that the 15% rate was 'the best we could do' and credited the deal with maintaining access to the U.S. market, and providing 'stability and predictability for companies on both sides.' German Chancellor Friedrich Merz welcomed the deal which avoided 'an unnecessary escalation in trans-Atlantic trade relations' and said that 'we were able to preserve our core interests,' while adding that 'I would have very much wished for further relief in trans-Atlantic trade.' Senior French officials on Monday criticized the accord. Strategy Commissioner Clément Beaune said that the deal failed to reflect the bloc's economic strength. 'This is an unequal and unbalanced agreement,' he said. 'Europe didn't wield its strength. We are the world's leading trading power.' While the rate is lower than threatened, 'the big caveat to today's deal is that there is nothing on paper, yet,' said Carsten Brzeski, global chief of macro at ING bank. 'With this disclaimer in mind and at face value, (the) agreement would clearly bring an end to the uncertainty of recent months. An escalation of the U.S.-EU trade tensions would have been a severe risk for the global economy,' Brzeski said. 'This risk seems to have been avoided.' Asked if European carmakers could still sell cars at 15%, von der Leyen said the rate was much lower than the current 27.5%. That has been the rate under Trump's 25% tariff on cars from all countries, plus the preexisting U.S. car tariff of 2.5%. The impact is likely to be substantial on some companies, given that automaker Volkswagen said that it suffered a 1.3 billion-euro ($1.5 billion) hit to profits in the first half of the year from the higher tariffs. Mercedes-Benz dealers in the U.S. have said they were holding the line on 2025 model year prices 'until further notice.' The German automaker has a partial tariff shield, because it makes 35% of the Mercedes-Benz vehicles sold in the U.S. in Tuscaloosa, Alabama, but the company said that it expects prices to undergo 'significant increases' in coming years. Before Trump returned to office, the U.S. and the EU maintained generally low tariff levels in what is the largest bilateral trading relationship in the world, with around 1.7 trillion euros ($2 trillion) in annual trade. Together the U.S. and the EU have 44% of the global economy. The U.S. rate averaged 1.47% for European goods, while the EU has averaged 1.35% for American products, according to the Bruegel think tank in Brussels. Trump has complained about the EU's 198 billion-euro ($232.5 billion) trade surplus in goods, which shows Americans buy more from European businesses than the other way around, and has said that the European market isn't open enough for U.S.-made cars. However, American companies fill some of the trade gap by outselling the EU when it comes to services such as cloud computing, travel bookings and legal and financial services. And about 30% of European imports are from American-owned companies, according to the European Central Bank. McHugh and McNeil write for the Associated Press.
Los Angeles Times
12 minutes ago
- Los Angeles Times
Trump says he's shortening the 50-day deadline for Russia to end the war in Ukraine
EDINBURGH, Scotland — President Trump said Monday he intends to shorten the 50-day deadline he gave Russian President Vladimir Putin to reach a deal that ends the three-year war in Ukraine, after Russia continued to bombard Ukrainian cities. Russia fired an overnight barrage of more than 300 drones, four cruise missiles and three ballistic missiles, the Ukrainian air force said. Trump said two weeks ago he would implement 'severe tariffs' on Russia unless a peace deal is reached by early September, as he expressed exasperation with Putin over the bombardment of Ukrainian cities amid the Republican president's attempts to stop the fighting. Trump said he would now give Putin 10 to 12 days from Monday, meaning he wants peace efforts to make progress by Aug. 7-9. The plan includes possible sanctions and secondary tariffs targeting Russia's trading partners. The formal announcement would come later Monday or on Tuesday, he said. 'No reason in waiting,' Trump said of the shorter timeline. 'We just don't see any progress being made.' Putin has 'got to make a deal. Too many people are dying,' Trump said during a visit to Scotland. There was no immediate response from Russia. Trump repeated his criticism of Putin for talking about ending the war but continuing to bombard Ukrainian civilians. 'And I say, that's not the way to do it,' Trump said. He added, 'I'm disappointed in President Putin.' Asked at a news conference about a potential meeting with the Russian leader, Trump said: 'I'm not so interested in talking anymore.' Still, he voiced some reluctance about imposing penalties on the Kremlin, saying that he loves the Russian people. 'I don't want to do that to Russia,' he said, but he noted how many Russians, along with Ukrainians, are dying in the war. Ukraine has urged Western countries to take a tougher line with Putin. Andrii Yermak, the head of Ukraine's presidential office, thanked Trump for shortening the deadline. 'Putin understands only strength — and that has been conveyed clearly and loudly,' Yermak said on Telegram, adding that Ukrainian President Volodymyr Zelensky shared the sentiment. A Russian drone blew out the windows of a 25-story residential building in the Darnytskyi district of Kyiv, the head of the city's military administration, Tymur Tkachenko, wrote on Telegram. Eight people were injured, including a 4-year-old girl, he said. The attack also started a fire in Kropyvnytskyi, in central Ukraine, local officials said, but no injuries were reported. The main target of the Russian attack was Starokostiantyniv, in the Khmelnytskyi region of western Ukraine, the air force said. Regional authorities reported no damage or casualties. Western Ukraine is on the other side of the country from the front line, and the Ukrainian military is believed to have significant airfields as well as arsenals and depots there. The Russian Defense Ministry said its forces carried out an overnight strike with long-range, air-launched weapons, hitting a Ukrainian air base along with an ammunition depot containing stockpiles of missiles and components for drone production. Weissert writes for the Associated Press. AP journalist Illia Novikov in Kyiv, Ukraine, contributed to this report.
UPI
13 minutes ago
- UPI
Trump weighs lowering deadline on Russia tariffs to '10 or 12 days'
President Donald Trump on Monday said he was considering lowering the timeline to impose tariffs on Russia if it does not reach a peace deal with Ukraine. Photo by Will Oliver/UPI | License Photo July 28 (UPI) -- President Donald Trump said Monday he may shorten the time Russian President Vladimir Putin has to end his war on Ukraine before imposing heavy tariffs on Russia. Trump had previously offered a 50-day window earlier this month before the United States would institute 100% tariffs on Russia and its trading partners if Moscow fails to reach a peace deal with Ukraine, but during a joint press conference held Monday at Turnberry in Scotland with British Prime Minister Keir Starmer, Trump shortened that to a "new deadline of about 10 or 12 days from today." "There's no reason waiting. It's 50 days," Trump said. "I want to be generous, but we just don't see any progress being made." Trump said he had spoken with Putin four or five times. "We thought we had that settled numerous times, and then President Putin goes out and starts launching rockets into some city like Kyiv and kills a lot of people in a nursing home or whatever," he said. Ukrainian President Volodymyr Zelensky posted to X Monday that his nation's air defenses battled "throughout the night," and intercepted "several hundred Russian attack drones," as well as other types of Russian drones and missiles.
