&w=3840&q=100)
Alembic Pharma gets USFDA nod for generic cancer treatment injection
The approval by the US Food & Drug Administration (USFDA) for the abbreviated new drug application (ANDA) is for Doxorubicin Hydrochloride Liposome injection of strengths 20 mg/10 mL (2 mg/mL) and 50 mg/25 mL (2 mg/mL) single-dose vials, Alembic Pharmaceuticals said in a statement.
The approved ANDA is therapeutically equivalent to the reference-listed drug product (RLD), Doxil Liposome Injection, 20 mg/10 mL (2 mg/mL) and 50 mg/25 mL (2 mg/mL), of Baxter Healthcare Corporation, it added.
Doxorubicin Hydrochloride Liposome Injection is indicated for the treatment of ovarian Cancer, AIDS-Related Kaposi's sarcoma, and multiple myeloma, the company said.
Citing IQVIA data, Alembic said Doxorubicin Hydrochloride Liposome injection, 20 mg/10 mL (2 mg/mL) and 50 mg/25 mL (2mg/mL) single-dose vials have an estimated market size of $29 million for the 12 months ended March 2025.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
an hour ago
- Mint
UK shares mixed as investors assess corporate news, dealmaking
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) FTSE 100 adds 0.3%. FTSE 250 falls 0.5% Spectris rises after accepting improved takeover offer from KKR Bytes Technology slumps after profit warning Greggs falls after saying profits could dip National Grid slips with failures leading to Heathrow fire London's blue-chip stock index edged higher and the midcap index fell on Wednesday as investors assessed a mixed bag of corporate news, including a media report that AstraZeneca is moving its listing to the U.S. The blue-chip FTSE 100 added 0.2% while the domestically focussed midcap index fell 0.5% by 0930 GMT. FTSE's most valuable company AstraZeneca is considering moving its listing to the U.S., the Times reported on Thursday, citing multiple sources. 'The CEO seems frustrated at the lack of financial support to open new laboratories and manufacturing facilities in Europe and might see a full U.S. stock listing as a stepping stone to receiving better treatment Stateside," said Dan Coatsworth, investment analyst at AJ Bell. The UK stock market has lost out on major initial public offerings in recent months including money transfer firm Wise and online fast fashion retailer Shein, with Brexit-related challenges pressuring UK market valuations. Gains on Wednesday were led by industrial metals and mining stocks tracking higher metal prices. Glencore rose 3.2% and Ferrexpo and Antofagasta were both up 2.3%. Oil and gas companies gained 1.6%, with heavyweights BP and Shell adding 2.2% and 1% each. Among individual stocks, Spectris gained 4.6% after the firm agreed to a debt-inclusive 4.7 billion pounds ($6.46 billion) offer from KKR over Advent's rival offer. Bytes Technology slumped 26% to the bottom of the midcap after warning of lower operating profit for the first half of 2026. British fast food chain Greggs fell 14.1% on saying its annual operating profit could dip as a heatwave in the UK discouraged customers from eating out. Restaurant chain operator SSP Group climbed to the top of the midcap index, rising almost 8% after filing for Indian IPO of airport lounge operator Travel Food Services. (Reporting by Twesha Dikshit; Editing by Sahal Muhammed)


Time of India
13 hours ago
- Time of India
Bruhat Bengaluru Mahanagara Palike lifts ban on new OFC permissions amid revenue drive
Bengaluru: Bruhat Bengaluru Mahanagara Palike (BBMP) has imposed a total penalty of Rs 47.2 crore on major telecom service providers for gross violations of optical fibre cable (OFC) installation norms across the city. Tired of too many ads? go ad free now More than 16 private firms were fined for unauthorised laying of cables, exceeding approved duct lengths, and other breaches of protocol. Additionally, another Rs 4.4 crore in penalties was imposed on various private agencies for laying OFCs without authorisation. Despite these violations, BBMP has lifted its nearly two-year ban on issuing new OFC-laying permissions. Officials say this is both a regulatory and revenue-driven move, given the city's digital dependence. "We aren't against digital infrastructure. But it must come with accountability. We've seen dangerous and illegal cabling all over Bengaluru — from trees, lamp posts, and across footpaths. Our intent now is to regularise this with strict fees and enforcement," a senior BBMP official said. Over the past decade, telecom and internet providers have laid more than 15,000km of OFC across Bengaluru. This activity became a significant revenue stream for the civic body, with year-on-year income rising steadily — from Rs 6.8 crore in 2012-13 to Rs 162 crore in 2021-22. Notably, the year 2016-17 saw a revenue of Rs 167 crore, while in 2014-15, it was Rs 137.6 crore. Even during the pandemic-hit 2020-21, the civic body collected Rs 77.3 crore from OFC-related permissions. However, recent years have seen a dip, with just over Rs 3 crore collected in 2024-25 so far, thanks to the halt in new approvals. Earlier, BBMP stopped granting permissions after freshly asphalted roads were dug up by telecom companies, triggering a public outcry. Tired of too many ads? go ad free now Potholes and footpath damage led to a blanket halt and even revocation of earlier permissions. "We've now reintroduced the OFC permission system with revised, stricter charges — Rs 600 per metre (for up to three ducts), Rs 3,000 for each OFC junction, and Rs 1,500 for junction boxes fixed to poles. The telecom firms have agreed to these terms," added the official. However, unauthorised practices remain rampant. Companies that obtained permission for 10km often ended up laying 80-100km of cable. In many instances, after one company lawfully installed a duct, 3-4 others piggybacked on the same space without paying the civic body. To avoid repeated road-cutting, BBMP constructed 130km of common ducts. But legal cabling was carried out in only 60km of ducts. The civic body sees this as a major loss in potential revenue. So far, revenue generated from OFC permissions has crossed Rs 1,129 crore. Enforcement dilemma BBMP has assigned ward-level engineers the task of removing unauthorised cables on local roads, while engineers from the infrastructure and planning divisions are tasked with action on arterial stretches. However, implementation remains patchy. A senior official revealed the dilemma: "The same citizens who demand removal of cables complain about loss of internet the moment we act. This makes enforcement politically and operationally sensitive. " BBMP records also show that several companies have voluntarily regularised past cable-laying work, generating additional revenue of nearly Rs 162 crore. BOX 1 PERMISSIONS & REVENUE Year OFC length (km) Revenue collected (In Rs cr) 2012–13 71.3 6.8 2013–14 1,099.8 93.4 2014–15 2,978.6 137.6 2015–16 1,446.3 134.4 2016–17 2,105.5 167 2017–18 1,271.7 88.8 2018–19 1,177 100.8 2019–20 6,67.5 41.1 2020–21 1,057.4 77.3 2021–22 1,837.3 162 2022–23 1,138.3 104.9 2023–24 133.7 11.7 2024–25 22.9 3 Total 15,007 1,129 — Source: BBMP | Figures rounded off BOX 2 (optional) REGULATIONS & COMPLICATIONS * Civic body lifts nearly two-year ban on new permissions, aiming to balance regulatory control with revenue generation * Telecom providers have laid over 15,000km of OFC in Bengaluru over the past decade * Despite new rules and stricter fees, unauthorised practices such as excessive cable laying and piggybacking on ducts persist * Enforcement remains challenging as residents often complain about internet disruptions when cables are removed


NDTV
a day ago
- NDTV
Trump's 'Wealthy' TikTok Buyer Is Same Group Behind A Previous Stalled Bid
The prospective buyer of TikTok's American operations cited by President Donald Trump is the same investor consortium including Oracle Corp., Blackstone Inc. and venture capital firm Andreessen Horowitz, whose bid for the app had stalled amid US-China trade tensions, according to a person familiar with the matter. Trump said in an interview aired on Sunday that he had identified a contender to purchase the popular social media app from its Chinese parent ByteDance Ltd. but stopped short of naming the winning bidder. He also said that completion of any sale would be contingent on the Chinese government, including President Xi Jinping, dropping its longstanding opposition. "We have a buyer for TikTok, by the way. I think I'll need probably China approval and I think President Xi will probably do it," Trump said in a pretaped interview with Fox News's Sunday Morning Futures with Maria Bartiromo. "It's a group of very wealthy people." A person familiar with the discussions confirmed that the buyers group cited by the president was the one involving Oracle and Blackstone that had come close to reaching agreement with ByteDance in April but was halted when China withheld its approval following the US president's decision to impose sweeping tariffs. That potential agreement would have granted new outside investors 50% of TikTok's US business in a unit that would be spun off from ByteDance. ByteDance's existing US investors would also own about 30% of the business, cutting the Chinese firm's stake to just below 20% and allowing it to meet the ownership requirements of the US security law. Oracle would take a minority stake in the operations and provide security assurances for user data. White House Press Secretary Karoline Leavitt said Monday that discussions were continuing "at the highest level" with China. "We have another 90-day extension, and it's just to continue to work out this deal and make sure that TikTok stays on for the American people," she told reporters. Blackstone declined to comment, while representatives from Oracle, Andreessen Horowitz, ByteDance and TikTok didn't respond to requests for comment. Trump addressed the fate of the video-sharing platform days after the US and China signed an agreement to ease trade tensions that had flared since he imposed tariffs of as much as 145% on Chinese imports. Under the accord finalized last week, the US dropped those tariffs to 30% and promised to resume shipments of ethane, jet engines and chip-design software as long as China honored a pledge to remove some barriers on rare earths exports. That deal, though, left unanswered whether China might drop its objections to a sale of TikTok by ByteDance. When asked about the buyers mentioned by Trump, Chinese Foreign Ministry spokeswoman Mao Ning told reporters at a regular press briefing in Beijing earlier Monday that on TikTok-related issues, China "has reiterated its principled position," saying she had nothing further to add. Under a law signed by then-President Joe Biden last year, ByteDance was directed to divest TikTok's US unit by Jan. 19 or face a ban of the app over national security concerns. The company has balked at selling a lucrative business valued from $20 billion to as high as $150 billion depending on the proposed terms and technology included. Trump has since extended the deadline three times to allow more time for a deal to take shape that would spare TikTok's US operations from a shutdown. His latest extension carries through mid-September, and Trump said during the interview aired Sunday that he would reveal the buyers group "in about two weeks."