2,500 Lehman India employees’ fate uncertain

September 16, 2008

The fate of 2,500-odd employees working for investment banking giant Lehman Brothers in India remains uncertain following its parent company’s decision to file for bankruptcy protection in the United States.

Lehman said in a statement that its New York office intends to file for bankruptcy protection as it owes over $600 billion to lenders.

However, it highlighted that no other Lehman Brothers’ US subsidiaries or affiliates, including its broker-dealer and investment management subsidiaries, are included in the filing.

The filing for Chapter 11 bankruptcy protection, which allows a company to restructure while creditor claims are held at bay, was made in the US Bankruptcy Court in the Southern District of New York by the investment bank’s holding company, Lehman Brothers Holdings Inc.

Source: Rediff


New EC GMP regulations for radiopharma

September 16, 2008

Revised good manufacturing practice (GMP) requirements for the production of radiopharmaceuticals have been published by the European Commission (EC).

The updates to the annex are intended to make it compliant with GMP Part II, which laid out additional requirements for actives substances used as starting materials.

In addition the EC has sought to bring the regulations up-to-date with advances in the manufacture of radiopharmaceuticals.

An initial draft was published for public consultation in December 2006. This process has now been completed and

Dead Line:

Companies have until March 1 2009 to become compliant with the new requirements.

The regulations are broken down into subcategories including quality assurance, personnel, production and documentation. These are intended to provide the necessary regulation to prevent cross-contamination, the spread of radioactive material and ensure the quality of the product.

Quality assurance is particularly important in the manufacture of radiopharmaceuticals as the half-lives of some mean they need to be administered shortly after production. Consequently there is not enough time to test the product.

To maintain high standards the regulations insist on rigorous record keeping and for the principles of qualification and validation to be applied, details of which can be found here.

AIM:

Underlying all the regulations is the need for accurate, up-to-date documentation of procedures.

What manufacturers must establish:

1. Manufacturers must establish specifications for raw materials, labelling and packaging materials, critical intermediates and the finished radiopharmaceutical.

2. Specifications must also be put in place for any piece of equipment that could critically impact on the quality of the finished product.

3. The cleaning, sanitisation, sterilisation or maintenance of equipment should be documented to show the product name, batch number, date and time of the activity and signature for the persons involved in these activities.

4. Documents must be kept for a minimum of three years, unless a different timeframe is specified by national laws.

Retention to ensure accountability extends to keeping sufficient samples of each batch of bulk formulated product for at least six months after expiry of the finished medicinal product.

Samples of starting materials, excluding solvents gases or water used in the manufacturing process must be kept for at least two years after the release of the product. This period can be shortened if the material has a period of stability of less than two years.

Annex 3, the complete document covering GMP requirements for the manufacture of radiopharmaceuticals, can be found here.

Source: Outsourcing Pharma