Delhi HC lifts ban on Corex, Saridon, 342 other drugs
The Delhi high court on Thursday scrapped a government ban on popular drugs such as Corex, Saridon and Vicks Action 500 and called it a haphazard decision, underlining the uncertainties that dog India’s large but under-regulated medical sector.
Many of these drugs went off the market after the health ministry banned 344 fixed-dose combination drugs in March but were back on shop shelves after pharma firms obtained a stay on the order.
The ban had hit more than 6,000odd drugs and their variants.
“… the Central government, though acting in public interest, seems to have gone about it in a haphazard manner,” justice RS Endlaw said, adding the March 10 notifications were issued “without following the procedure”.
With this verdict, these drugs — including D’Cold, Benadryl and Phensedyl that are widely used to treat headaches and colds — will continue be available freely.
Fixed-dose combination drugs combine two or more drugs in a single pill and are used to improve patient compliance as it is easier to get someone to take one drug than several.
India is one of the world’s largest markets for FDCs that make up almost half the market share but medical experts say they haven’t been approved by the national regulator.
Many of them slip through India’s labyrinthine regulation process with agencies at the central and state level, which often don’t coordinate.
Information technology (IT) giant Microsoft and financial services firms, Blackstone and Goldman Sachs, offered some of the highest salary packages during the first slot on the first day of placements at the Indian Institute of Technology Bombay (IIT-B).
The day-time slot, which stretched till 6pm instead of the scheduled 4pm, saw seventeen companies making around 60 job offers, at the time of going to press.
Microsoft selected five candidates and offered jobs based in the US as well as within the country. Sources confirmed that the pay packages offered for the US-based job profiles ranged between Rs70 lakh and Rs80 lakh a year but it’s not clear if the amount was only the base salary.
According to sources, pay packages offered by companies like Goldman Sachs ranged from Rs25 to Rs30 lakh, while Blackstone offered around Rs35 lakh. While the former reportedly selected seven students, the latter made two offers.
The first day was dominated by companies from the engineering and financial sector. Most of the companies offered base salaries to the tune of Rs 14-15 lakh, in addition to joining bonuses and other benefits.
The ITC group, which is said to have selected three students, offered a package of Rs 17 lakh and Rs 2 lakh as joining bonus.