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News of the day

Govt stays suspension on Natco's Albupax licence
Government of India has stayed suspension of Natco Pharma"s Albupax manufacturing (product) licence. Albupax is a nanotechnology based drug and is the first generic version of the international brand Abraxane of Abraxis Bioscience Inc, USA. Albupax consists of Paclitaxel in an albumin-bound nanoparticle form and is used to treat breast cancer.
Business Opportunities

Ex-Axis Bank chief joins Advent Int'l as operating partner

Advent International, the global private equity firm, today announced that P Jayendra Nayak has joined Advent’s Operating Partner Programme to advise on Indian investment opportunities, especially those in the financial services sector, and the development of Advent’s business in India. Nayak was formerly chairman and chief executive officer of Axis Bank, the third largest private sector bank in India.


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