Thursday, May 10, 2012

Novartis to probe Indian drug approval allegations

Novartis to probe Indian drug approval allegations

A man walks past the logo of Swiss drugmaker Novartis AG in front of a plant in BaselZURICH (Reuters) - Swiss drugmaker Novartis said on Thursday it would investigate alleged drug approval irregularities in India after a parliamentary report found the country's regulator colluded with pharmaceutical firms to speed up approval procedures. "We will investigate the allegations presented in the government's report," Novartis said in a statement. The parliamentary committee reviewed 39 randomly selected drugs approved by the Central Drugs Standard Control Organization (CDSCO). ...



Source: news.yahoo.com

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