Cipla in spotlight after getting approval for Sustiva

Cipla announced that it has received final approval for its Abbreviated New Drug Application (ANDA) for Efavirenz Tablets 600mg from the United States Food and Drug Administration (US FDA). Cipla's Efavirenz Tablets 600mg is AB-rated generic therapeutic equivalent version of Bristol-Myers Squibb Pharma Company's, Sustiva. It is indicated in combination with other antiretroviral agents for the treatment of human immunodeficiency virus type 1 infection in adults and in pediatric patients at least 3 months old and weighing at least 3.5 kg. According to IQVIA (IMS Health), Sustiva and its generic equivalents had US sales of approximately $105 million for the 12-month period ended April 2018. The product is available for shipping immediately. The announcement was made after market hours yesterday, 19 June 2018.

Infosys announced that it has strengthened its footprint in France by establishing a Digital Center of Excellence in Marseille. The move is part of Infosys' efforts to bring its digital offerings to companies in France as they navigate the next stage in their business journey. In addition, the center will also deliver on a strategic seven-year partnership with CMA CGM Group the world leading container shipping organisation. This partnership was announced in September 2017 to simplify and transform the group's IT applications and improve customer service experience. The announcement was made after market hours yesterday, 19 June 2018.

Wheels India said that the board of directors of the company may consider issue of bonus shares in its board meeting scheduled to be held on 22 June 2018. The announcement was made after market hours yesterday, 19 June 2018.

Kansai Nerolac Paints said that the company has entered into Share Purchase Agreement (SPA) to acquire 55% of the paid-up equity share capital of RAK Paints, Bangladesh for a total consideration of Bangladeshi Taka (BDT) 57.26 crore (approximately Rs 45.81 crore). The announcement was made after market hours yesterday, 19 June 2018.

MPS through its wholly-owned subsidiary company, MPS Interactive Systems, has completed the acquisition of Tata Interactive Systems. MPS has now invested in the right issue of MPS Interactive Systems and has allotted equity and preference shares at par aggregating to Rs 43.99 crore. Post the allotment of shares, MPS Interactive Systems has now become wholly-owned material subsidiary of MPS. The announcement was made after market hours yesterday, 19 June 2018.

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