Insys founder John Kapoor sentenced to 66 months in prison  

JOHN KAPOOR, the founder of Insys Therapeutics Inc, on Thursday (23) was sentenced to 66 months in prison for his role in a bribery and fraud scheme that contributed to the US opioid crisis. Kapoor, 76, is now the highest-ranking pharmaceutical executive to be sentenced in a case linked to the opioid crisis. His was […]

New Jersey to lower college costs of H1B visa holders’ children  

THE US state of New Jersey will enact a legislation that will make college and universities more affordable for the children of H-1B visa holders, mostly Indian IT professionals, bringing a huge financial relief to them. New Jersey Governor Phil Murphy on Tuesday (21) signed the legislation ‘S2555′, allowing New Jersey students, who are the […]

Alembic Pharma gets final USFDA nod for Fenofibrate tablets

INDIAN multinational pharmaceutical company Alembic Pharmaceuticals on Thursday (23) said it has received final nod from the US health regulator for fenofibrate tablets, which reduces cholesterol and triglycerides in blood. “Alembic Pharmaceuticals Limited (Alembic)…has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Fenofibrate Tablets USP, 54 mg and […]

Businessman indicted in US for role in money laundering  

AN Indian national in the US has been indicted on charges of running various international money laundering schemes and operating unlicensed transmission businesses. Amit Agarwal, who was arrested in the US in December last year at Newark International Airport, operated a wholesale consumer electronics business in East Hanover in New Jersey. He, along with six […]

Xbox to roll out trial of its cloud gaming service in India

VIDEO gaming brand Xbox will roll out a trial of its cloud gaming service in India. This was stated by Xbox head Phil Spencer during Microsoft’s glitzy Xbox showcase in London recently. Global businesses such as Microsoft are moving ahead with their own plans with Project Xcloud, a game streaming service that will allow players […]

India close to concluding a trade package with US: Shringla

INDIA and the US are close to concluding a trade package that would provide enhanced market access to both countries, India’s outgoing Ambassador to the US Harsh Vardhan Shringla has said. Shringla made the comments while addressing a group of Indian-American entrepreneurs during a farewell lunch on Friday organised for him by TiE DC, a […]

Indian-American to lead National Science Foundation in US

US president Donald Trump has picked Indian-American computer scientist Sethuraman Panchanathan to lead the prestigious National Science Foundation. The National Science Foundation (NSF) is a US government agency that supports fundamental research and education in all the non-medical fields of science and engineering. Its medical counterpart is the National Institutes of Health (NIH). “Dr Sethuraman […]

India needs to demonstrate willingness to become part of global supply chain: US

INDIA needs to demonstrate its willingness to be a part of the global supply chain by taking steps towards resolving larger market access issues, a top US diplomat has said, expressing hope that a bilateral trade deal being negotiated can be a “stepping stone” to more ambitious trade liberalisation. Speaking at a programme to commemorate […]

India-US partnership evolving fast: Indian Envoy

THE bilateral relationship between India and the US is evolving fast both in the strategic and economic domains, India’s top envoy to the US said, ahead of the 2+2 ministerial level dialogue on December 18. “Inherent in India’s growth story is a natural partnership with the United States. This partnership is evolving fast both in […]

USFDA red flags Torrent Pharma’s US plant

THE American health regulator has pulled up Torrent Pharmaceuticals’ US-based subsidiary for violations of good manufacturing practices, including lack of properly designed equipment and packing material. In a warning letter issued to Torrent Pharma Inc’s CEO Sanjay Gupta, the US Food and Drug Administration (USFDA) said its inspectors found significant violations of current good manufacturing […]