Natco Pharma in focus after launching generic Posaconazole injection

Natco Pharma announced that it launched a generic version of Posaconazole injection, 300 mg/16.7 ml, under its brand Posanat. This is the first time an injection version of this drug available in India. Posanat will be available in 18.0 mg/ml strength, a formulation for intravenous (IV) use. Posaconazole injection is sold in the USA market by Merck under its brand name of Noxafil. Posaconazole injection is an antifungal agent & used in patients who are at high risk of developing infections due to being severely immunocompromised, such as associated with stem cell transplant or from chemotherapy. The announcement was made after market hours on Friday, 8 June 2018.

IndusInd Bank will be watched. The Reserve Bank of India (RBI) has allowed IndusInd Bank to incorporate a wholly-owned subsidiary for the amalgamation of micro-lender Bharat Financial Inclusion (BFIL) with the bank. The announcement was made after market hours on Friday, 8 June 2018.

Punjab National Bank announced that it would divest its stakes in its housing finance unit PNB Housing Finance and other entities like BSE, ICRA and Crisil at appropriate time depending on the market conditions and options available. The announcement was made after market hours on Friday, 8 June 2018.

Phoenix Mills announced that its 100% subsidiary Destiny Hospitality Services (DHSPL) has signed definitive agreement to acquire an under-construction retail development in Lucknow for Rs 453 crore. The asset was eauctioned by LDA wherein DHSPL emerged as the highest bidder. The retail asset is located at Sector 7, Gomti Nagar, one of the fastest growing and the most sought-after locations in Lucknow for residential as well as commercial developments. The under-construction retail asset is spread over 13.50 acres and is located adjacent to Ekana International Stadium and part of an envisaged 34-acre super mega mixed use integrated project comprising retail, hospitality and commercial developments. The announcement was made after market hours on Friday, 8 June 2018.

Welspun Corp said it has been awarded contracts for supply of 72 KMT of API pipes in to the America's market. With these additions, the company's current order book stands at 1,610 KMTs valued at Rs 11000 crore. The announcement was made after market hours on Friday, 8 June 2018.

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