Indian pharmaceutical company Lupin has received USFDA approval for selling its Atorvastatin Calcium tablets. The tablet is a generic version of Pfizer’s Lipitor. Lipitor, a cholesterol-reducing tablet, is the best selling prescription drug in the world history. US pharma major, Pfizer has earned an estimated over $125 billion in revenues from its sale of Lipitor. A generic drug is a pharmaceutical drug that has the same chemical substance as the originally developed and patented drug. Generic drugs are allowed for sale after the expiry of the patent of the original drugs.
Unified Payments Interface (UPI) clocked 674.19 million transactions in February 2019, up 0.3% from 672 million transaction in January 2019. The value of the transactions for February stood at Rs 1.06 Lakh crore, marginally lower than the Rs 1.09 Lakh crore in January. UPI has recorded a 300% year-on-year growth rate since February 2017 when it clocked 171 million transactions.