Dr. Reddy's signs multimillion dollar deal with Hatchtech
Pharma major Dr. Reddy's Laboratories on Monday announced the signing of a multi-million dollar commercialisation deal with Hatchtech, an Australian pharmaceutical company developing an anti-headlice Xeglyze lotion.
 
The exclusive rights for this product are applicable for the US, Canada, India, Russia and the CIS, Australia, New Zealand and Venezuela.
 
Hatchtech also announced that it will be filing its New Drug Application for Xeglyze with the US Food and Drug Administration (FDA).
 
If approved, the product will be marketed in the US by Promius Pharma, a wholly-owned specialty company of Dr. Reddy's.
 
As part of the agreement, Dr. Reddy's will pay Hatchtech an upfront amount of $10 million, up to $50 million based on pre commercialisation milestones and an undisclosed amount based on post commercialization milestones, linked to achievement of annual net sales targets, said a statement by Hyderabad-based firm.
 
Hatchtech last year announced positive results from its two pivotal Phase 3 clinical studies evaluating Xeglyze lotion as a potential treatment for head lice infestation.
 
The active drug substance was developed in collaboration with Dr. Reddy's Custom Pharmaceutical Services (CPS) business unit.

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Fake Twitter Account creates mischief for Arun Shourie
Arun Shourie, who doesn’t even use a Twitter account, is the latest to become the victim of a fake account on the social media site
 
Twitter is abuzz with allegedly tweets of renowned editor and former Union Minister Arun Shourie, which apparently criticises the Bharatiya Janata Party (BJP).  The problem with fake twitter handles was exacerbated by the tweets being published by Rediff.
 
Mr Shourie told Moneylife that he had repeatedly said that he has no Twitter account. “I do not even understand this medium and I am tired of denying this,” he said. 
 
“Furthermore, I have not made any statements against the BJP as has been alleged in those tweets. I got to know of it after receiving 10 to 15 emails from friends asking me about these comments,” Mr Shourie, who was a minister in the Atal Bihari Vajpayee government, said. 
 
We learn that Mr Shourie has been targeted because of mischievous and false tweets from the fake Twitter account even in the past.  However, attempts to complain to Twitter elicited the answer that parody accounts are permitted by the company. 
 
Here are the tweets that are false…
 
This is the handle
 
After an uproar on social media, Rediff.com has removed the news report from its site.
 
The fake account of Mr Shourie clearly says, 'PARODY ACCOUNT", which leaves one wondering, how can a somebody use the content and attribute it to a well known person, who does not even have a Twitter account.
 
After an uproar on social media, Rediff.com has removed the news report from its site.

 

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COMMENTS

N.Paramasivam

2 years ago

Of late, even Rediff.com has become unreliable. The questain before us is "who can curtail, unruly Media?" Whether Citizen has a right, to know correct news? Whether Juduciary can help ordinary citizen in this matter OR it will help only bigwigs like Teesta or Raja Or Maran or Memon or Bhushans or Sibals? Or Govt just express its helplessness to do anything? Citizen of India, to be left alone, to get his own conclusions, daily! What kind of mockery of democracy?

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