Page 151 - CW E-Magazine (23-7-2024)

Pharmaceuticals Hydrocarbons

Alembic Pharma gets USFDA’s tentative nod ENERGY SECURITY

for Ivosidenib tablets E&P offers investment opportunities worth $100-bn

Alembic Pharmaceuticals said it diagnosed Acute Myeloid Leukaemia by 2030: Petroleum Minister
has received tentative approval from (AML) as monotherapy in adults 75 The Exploration and Production in E&P, and the Ministry of Petroleum
the US health regulator for its gene- years or older, or who have comorbidi- (E&P) sector offers investment op- and Natural Gas (MoPNG) has insti-
ric Ivosidenib tablets used in the treat- ties that preclude the use of intensive portunities worth $100-bn by 2030, tuted sweeping reforms, empowering
ment of certain types of cancer of bone induction chemotherapy. It is also indi- according to Mr. Hardeep Singh Puri, stakeholders. “We intend to increase
marrow and bile duct. The tentative cated for adult patients with relapsed or Minister of Petroleum & Natural Gas. India’s exploration acreage to 1-million
approval by the US Food & Drug Ad- refractory AML and adult patients with sq. km. by 2030. No- Go areas in
ministration (USFDA) is for the abbre- locally advanced or metastatic cholan- Speaking at the inaugural session India’s Exclusive Economic Zone
viated new drug application (ANDA) giocarcinoma who have been previ- of the fi rst edition of Urja Varta, orga- (EEZ) have been reduced by almost
for Ivosidenib tablets of strength 250-mg, 250-mg, of Servier Pharmaceuticals ously treated, Alembic Pharma added. nised by the Directorate General of “Only 10% of our sedimentary 99%,” he added.
the company said in a regulatory fi l- LLC, it added. Ivosidenib tablets, 250-mg, have an Hydrocarbons (DGH), in New Delhi basin area is under exploration today.
ing. The approved ANDA is thera- estimated market size of $114-mn in on July 11, the Minister underscored After the award of blocks under the Joint Working Group to address
peutically equivalent to the reference The company said Ivosidenib tab- the 12 months ended March 2024, the the importance of the E&P sector in forthcoming Open Acreage Licensing industry concerns
listed drug product ‘Tibsovo’ tablets, lets are indicated for patients with newly company said citing IQVIA data.
achieving energy self-suffi ciency and Policy (OALP) Rounds, it will increase The Minister announced the forma-
sustaining economic growth. He high- to 16% by end-2024,” he said. tion of a Joint Working Group (JWG)
Zydus Lifesciences gets tentative USFDA nod lighted the vast potential of India’s Highlighting the need to streamline E&P operators, the national oil compa-
comprising representatives from private
26 sedimentary basins, containing
for BP lowering drug substantial reserves of crude oil and operational and regulatory processes, nies, MoPNG, and the DGH to address
natural gas, which are yet to be fully Mr. Puri stressed that the government industry concerns and improve the ease
Zydus Lifesciences said it has re- facility in Ahmedabad SEZ-II, it added. tapped. is doing its part to catalyse investments of doing business in the sector.
ceived tentative approval from the US Azilsartan is indicated for the treatment
health regulator to market its generic of hypertension to lower blood pressure REDUCING IMPORTS
Azilsartan Medoxomil tablets used to and reduce the risk of fatal and
treat high blood pressure. The tenta- nonfatal cardiovascular events, primarily Government working on policy to offer washed
tive approval by the US Food and strokes and myocardial infarctions,
Drug Administration (USFDA) is it added. The medicine can be used coking coal to steel sector
for Azilsartan Medoxomil tablets of either alone or in combination with other
strengths 40-mg and 80-mg, Zydus antihypertensive agents, the company The government will set up eight with a target of producing 140-mt of genous technology in coal gasifi ca-
Lifesciences said in a regulatory fi ling. said. It had annual sales of $89-mn in coking coal washeries to meet the this coal needed by the steel sector, tion. “Despite slowdown in the global
The drug will be manufactured at the the US, the company said citing IQVIA demand of steel sector, and ensure that by 2030. “We are fi nalising the policy, steel industry, Indian steel industry
group’s formulation manufacturing March 2024 data. by 2029-30, India has the capacity to which once approved, will enable com- is in a healthy state, and we expect it
produce as much coking coal as needed, panies to offer washed coking coal to grow at a rate of 10%,” he added.
Camlin’s Subhash Dandekar passes away at 81 besides being in a position to supply to the steel sector to blend with the Mr. Vidya Rattan Sharma, Senior Member,
other countries.
FICCI Committee on Steel and Mining,
imported coal,” he added.
and Vice Chairman, JSP Advisory, said
Subhash Dandekar, also known founded Camlin Fine Science, which Addressing a FICCI workshop on Importance of coal gasifi cation coal gasifi cation is the only solution for
as Dadasaheb Digamber Dandekar, is toady a leading supplier of perfor- ‘Coal Matrix for Indian Metals Indus- Highlighting the importance of coal meeting the increasing demand of energy
the founder of Camlin Fine Science mance chemicals as well as aroma try’, Mr. M. Nagaraju, Additional Sec- gasification, Mr. Nagaraju asserted from the cement and steel industries.
and chairman emeritus of stationery ingredients. retary, Ministry of Coal, Government that the government has already ini-
manufacturer Kokuyo Camlin, died of India, said the Indian coal sector is tiated a scheme with a budget of Dr. Avinash Kumar Mishra, Execu-
on July 15 at the age of 85 following Mr. Dandekar was well-known witnessing robust growth, reaching Rs. 8,500-crore to support the private tive Director (Coal), Railway Board,
an illness. for contributions to social aware- 1,000-mt of coal production last year. and public sectors to set-up coal gasifi ca- said with the increase in domestic pro-
ness, art and entrepreneurship. He “Next year, we will produce around tion plants in the country. duction of coal, the dependence on
Mr. Dandekar was instrumental received several awards, includ- 1,100-mt of coal,” he added. imports is likely to come down. “There
in transforming Camlin into a ing Game Changers of Maharashtra Mr. Ashwini Kumar, Economic has been a steep surge in coal availabi-
leading name in the production of award and Lifetime Achievement The government, he said, has Adviser, Ministry of Steel, Govt. of lity in the last two years, which is mostly
high-quality painting materials. He Award. launched the Coking Coal Mission India, stressed the need to develop indi- due to imported coal,” he added.

150 Chemical Weekly July 23, 2024 Chemical Weekly July 23, 2024 151

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