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French Firm Servier Drops Exclusive Deal For Selling High BP Drugs After Chemists' Pushback
French Firm Servier Drops Exclusive Deal For Selling High BP Drugs After Chemists' Pushback

News18

time02-06-2025

  • Business
  • News18

French Firm Servier Drops Exclusive Deal For Selling High BP Drugs After Chemists' Pushback

Last Updated: After successful mediation by offline chemists, Servier promptly withdrew the agreement – which is seen as a positive step towards preserving the fairness of open trade practices. In a major development impacting the pharmaceutical distribution landscape in India, an Indian arm of French drugmaker Servier has officially withdrawn its exclusive distribution agreement for its anti-hypertensive product line, reverting to conventional distribution practices. The move comes after the apex lobby of offline chemists, All India Organisation of Chemists and Druggists (AIOCD), raised concerns, alleging the potential monopolistic implications of Servier's deal with Entero Healthcare, a supply chain specialist company. AIOCD represents more than 12 lakh chemists and distributors in India, pushing Servier to discontinue the arrangement of supplying certain products via Entero. The majority of the AIOCD's partners refused to sell the drugs sold by the French drugmaker. After facing industry pushback, in a letter dated May 26, 2025, Servier India informed its trade partners that it has 'discontinued exclusive distribution arrangement for anti-hypertensive range of products" with immediate effect. The letter has been seen by News18. This update follows a formal communication by AIOCD on May 28, addressing the issue. The letter detailed how many members of the organisation had expressed concerns over the exclusivity agreement, warning that it could lead to discriminatory trade practices, shortages in essential medications, and the formation of monopolistic structures within the pharmaceutical supply chain. AIOCD, in a letter, said that the organisation mediated with Servier to ensure a fair resolution. 'After successful mediation by AIOCD, the company has promptly withdrawn the said exclusive distribution agreement. This is a positive and encouraging step toward preserving the balance and fairness in our open trade practices," the letter read. The development is being seen as a victory for chemists and druggists across India, many of whom feared market distortions and reduced access to essential medicines due to exclusive arrangements. 'We have had fruitful discussions with AIOCD. Servier India is focused on improving patient access to our quality medicines. We will continue to engage constructively with all stakeholders," Aurelien Breton, managing director, Servier India told News18. Brenton told News18 that he is thankful to AIOCD 'for the constructive dialogue, which allowed us to resolve the matter amicably in the interest of the healthcare community and patients at large." 'Servier is a global pharmaceutical group governed by a nonprofit foundation, committed to making a meaningful social impact for patients and contributing to a sustainable world." Headquartered in France, Servier operates in around 140 countries. Sources close to the development told News18 that, 'Servier's management rushed the distributor appointment, with inadequate market assessment and due diligence. However, now, it has made right decision following the general rules of the Indian pharma trade market." First Published: June 02, 2025, 12:40 IST

BU students show off end-of-semester community projects
BU students show off end-of-semester community projects

Yahoo

time30-04-2025

  • Science
  • Yahoo

BU students show off end-of-semester community projects

BINGHAMTON, N.Y. (WIVT/WBGH) – Just across campus, students and faculty were showing off their end of the semester research projects. Binghamton University's Center for Civic Engagement held its annual Community Engaged Learning and Research Showcase. Every project focused on engaging with local organizations and researching real problems in our community to find solutions. Such as learning 3 sisters farming from the Haudenosaunee people to combat food insecurity, or engineering a mechanical seeing-eye-dog for those who are blind. The Engagement Coordinator, Barrett Brenton says the projects aren't strictly graded or anything, its more about learning to research and collaborate. 'So, they may be working on a project that has nothing to do with their future careers, but the experience of community engagement and the skills they learn. Maybe some of the soft skills, skills of research, skills in this case, communicating the work that they're doing are applicable to so many areas for their professional development,' Brenton said. Brenton says there were students from all different majors involved, from health sciences, to the arts, engineering, and others. Both BU students and staff participate, in some cases, students and faculty teamed up. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Winnipeg man charged with 2nd-degree murder in connection with fatal shooting
Winnipeg man charged with 2nd-degree murder in connection with fatal shooting

Global News

time25-04-2025

  • Global News

Winnipeg man charged with 2nd-degree murder in connection with fatal shooting

Winnipeg police say they've made an arrest in connection with a fatal shooting on Agnes Street earlier this month. Police were called to the scene just before 1 a.m. on April 1, where they found 30-year-old Brenton Sean Paul Harper, who was taken to hospital in critical condition, where he later died. A suspect was identified, police said, and with the help of the tactical support team, investigators made the arrest in a parking lot on Rothesay Street Tuesday. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Christopher Erickson, 56, is in custody facing a second-degree murder charge.

Colorado businesses step up to support artists for Boulder Arts Week event
Colorado businesses step up to support artists for Boulder Arts Week event

CBS News

time05-04-2025

  • Entertainment
  • CBS News

Colorado businesses step up to support artists for Boulder Arts Week event

Boulder Arts Week features nearly 150 art events and activities over 8-days. The Boulder Transit Junction Open House is one of those events. Nearly a dozen businesses will come together to support artists in various ways. "As designers it's really important to us to make sure that our communities have a thriving arts community," said Laura Boyd Chapman, co-owner and Creative Director at BC Interiors. BC Interiors is a workplace furniture design company. Boyd Chapman will transform the showroom into a 90's style coffee house for an open mic night. The stage will be open to high school student performers. "I hope they get an opportunity to really feel great about performing in front of an audience, something outside of school," Boyd Chapman explained. Next door at blacklabsports, 5 artists will have their work on display. Laura Brenton is among them. Brenton is a contemporary abstract painter. She welcomes the opportunity to bring the creative community together. "It's such a solo experience, painting, and to be able to show your work and talk to other people about what they see and to get the 'wow' again," Brenton said. That is just two of the seven stops planned for the Transit Junction Open House. It's an example of the opportunities that are created when businesses support artists, giving them time and space to display their craft. "This is kind of an industrial community. It's not always easy to know who your neighbors are, but there are a lot of art studios hidden back in these industrial buildings," said Boyd Chapman. LINK: Boulder Arts Week Boulder Arts Week runs April 4 - 12, 2025.

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