More worries for Alkem, as its Daman plant, which is under scanner, is crucial for US growth
The stock dipped 6% to Rs 562 in intra-day trade on media reports that the USFDA inspected the company's Goa facility.
Tightening of new product registration procedures also impacting industry
Company's shares were today trading at Rs 570.25 per scrip in the afternoon trade on BSE, up 0.54% from its previous close
Fortune lauded Cipla for driving prices down for much-needed medications
Base business growth in the US, and bottoming out of operating-profit margins are key positives
The stock was up 5% at Rs 540 on the NSE, as compared to 0.57% fall in the Nifty 50 index at 12:49 pm.
Overall revenue of Cipla falls 6%; international business drops 14%
Cipla's April-June net profit was 3.65 billion rupees, compared with 6.49 billion rupees a year earlier
Earlier, he has worked with Pepsi India and Thermax Group
The case pertains to 2003 when Cipla received a demand notice from the National Pharmaceutical Pricing Authority for alleged overcharging of drugs covered under price cap
Cipla Biotech, a subsidiary of the company, will construct the plant at a special economic zone in Durban and will commence production in 2018
Cipla has missed analysts' expectation by 30 per cent at the EBITDA level for the year
The stock dipped 7% to Rs 460, also its 52-week low on the BSE.
Cipla's Ebitda also declined nearly 57% to Rs 219 crore
Consolidated total income from operations of the company stood at Rs 3,266.54 crore for the quarter under consideration
Company aims to build five Rs 100 cr-plus brands and launch products from South African arm in domestic market
Company in May 2014 had invested $1.5 million to acquire 14.6% stake in Chase Pharmaceuticals
Shares of Cipla today closed at Rs 517.50 per scrip on BSE, up 0.49% from the previous close
The acquisition of InvaGen and Exelan will boost Cipla's US business which currently accounts for 8% of its revenue