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Gufic BioSciences Ltd.

BSE: 509079 Sector: Health care
NSE: GUFICBIO ISIN Code: INE742B01025
BSE LIVE 15:44 | 22 Sep 74.60 -2.30
(-2.99%)
OPEN

76.75

HIGH

78.50

LOW

73.90

NSE 15:56 | 22 Sep 74.40 -2.55
(-3.31%)
OPEN

76.30

HIGH

78.45

LOW

73.10

OPEN 76.75
PREVIOUS CLOSE 76.90
VOLUME 120656
52-Week high 79.55
52-Week low 33.30
P/E 51.10
Mkt Cap.(Rs cr) 577
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 76.75
CLOSE 76.90
VOLUME 120656
52-Week high 79.55
52-Week low 33.30
P/E 51.10
Mkt Cap.(Rs cr) 577
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gufic BioSciences Ltd. (GUFICBIO) - Chairman Speech

Company chairman speech

“Aiming to become agile best-in-class global pharmaceutical company that puts thepatient at the center”.

Dear Shareholders

Gufic's year on year success is the result of clarity of our vision and effectiveexecution of the same.

Revenue has reached an all time high of Rs. 202 crores. The total revenue increased by33.35 % and PAT by 76.71 % as compared to previous year mainly as a result of effectivelaunching of more than 68 health care products.

Gufic is the first to launch Doxycycline I.V for tropical fever and has introduced newlife saving molecule like Caspofungin Tigecycline and Colistimethate at very economicallyprices. We have also brought into market a Cough syrup Tarific an oral dosing syringetechnology to enable patients safety and compliance to the prescription by the Doctors.

During the year 2015-16 Gufic had applied for three patents viz. MicafunginAnidulafungin and Tigecycline and is in the process of applying many more.

The way we are growing in the market is evident from the number of employees hiredduring the year 2015-16. Gufic today is 1000 + strong team. We are nurturing andup-skilling our human capital to prepare for the next level of growth and success. It'sonly through consistent empowerment and improvement of our people that we will be able tosustain our leadership in our focus areas.

Napolean Hill rightly said “Patience persistence and perspiration makes anunbeatable combination of success “.Gufic's Production Quality Control (QC) andQuality Assurance (QA) team believes in achieving quality through assurance and action.Machines and instruments used are current and with state of the art technologymanufacturing facility for injectable is fully automated for highest quality outputexceptional support provided by our competent personnel processes and systems arecompliant with the CGMP guidelines constant supervision and monitoring of all the qualityprocesses with detail oriented reporting by our QC team and validated by our QA team.

Going forward Gufic will accelerate growth by concentrating its business activities onthe field of Criticare and Ferticare divisions and cultivating its expertise in thisfield more than ever. These efforts will be directed at making Gufic a best in classglobal pharmaceutical company.

We also seek to achieve business growth by strengthening coordination among theprescription pharmaceutical Herbal and Bulk Drugs divisions by taking advantage of ourstrength as a specialized 46 years old company with a strong presence in India.

Gufic will remain focused on developing and enhancing the organizational managementsystem and its employees to ensure sustained growth.

In alignment with our Vision & mission we have identified “Core values &Commitments” as the basis for an attitude of cooperation and proper value judgmentsand as the criteria for our business activities and decision making. In addition we haveestablished “Corporate Conduct Charter” to act with the highest ethicalstandards and a good social conscience appropriate for a company engaged in a businessthat affects human lives.

Gufic fulfills its mission to "To contribute to the enrichment of quality of lifearound the world through the creation of innovative pharmaceuticals and through theprovision of pharmaceuticals addressing diverse medical needs." We comply with lawsregulations and rules regarding global corporate activities and act with the highestethical standards and a good social conscience appropriate for a company engaged in abusiness that affects human lives. We fulfill our corporate social responsibility (CSR) byactively responding to an ever-changing society and enacting improvements for corporatevalue.

In doing so we will bring together our employees as “ One Gufic One Team”even as they become increasingly diverse in step with globalization. In this manner wewill further strengthen the company's collective capabilities to achieve our strategicvision.

We believe our business operations are a social mission because their goal is tosupply products and services that are of international quality at affordable prices forthe benefit of patients and their loved ones pursuing a true customer focus.

We promote CSR activities on the basis of the 11 core subjects defined. We haveformulated a defined CSR policy in compliance with the laws in force. Promoting businessand CSR activities in a holistic and consistent manner towards realizing the goals of longterm management vision Gufic intends to contribute primarily to the welfare of patientsand their loved ones as well as to society at large. Gufic has contributed towardsupgradation of research and development and education to the underprivileged. It has alsooffered free sanitary napkins to underprivileged women and have held disease detectingcamps at regular intervals in small towns.

Gufic continues to work to scale new heights towards realizing our long-term strategicvision of becoming a “Best in class Global pharmaceutical Company”.

Looking ahead we will continue to focus our efforts on the specialized area ofLyophilized injections & API's and to contribute to society.

We kindly ask for the continued support of all our stakeholders.

For Gufic Biosciences Limited