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Cipla in focus after partnership with MannKind

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Capital Market

Cipla announced that it has entered into an exclusive marketing and distribution agreement with US-based MannKind Corporation for Afrezza in India. Afrezza is the only USFDA approved inhaled insulin available for patients suffering from diabetes. The announcement was made after market hours yesterday, 9 May 2018.

Afrezza, an inhaled insulin, is a cutting-edge product which will increase patient convenience, said Umang Vohra, MD & Global CEO, Cipla. The innovative drug delivery system will revolutionize the diabetic care in India.

Eicher Motors' consolidated net profit rose 0.45% to Rs 461.53 crore on 35.05% rise in total income to Rs 2709.21 crore in Q4 March 2018 over Q4 March 2017. The announcement was made after market hours yesterday, 9 May 2018.

 

Avanti Feeds' board of directors has approved a 2-for-1 stock split and a 1:2 bonus issue of shares. The announcement was made after market hours yesterday, 9 May 2018.

Hikal's board of directors has approved a 1:2 bonus issue of shares. The announcement was made after market hours yesterday, 9 May 2018.

Reliance Infrastructure has scheduled a board meeting on 14 May 2018 inter alia, to consider augmenting long term resources by issue of equity shares by way of rights issue and/or qualified institutions placement. The announcement was made after market hours yesterday, 9 May 2018.

Adani Enterprises, Asian Paints, Nestle India, Tata Communications, Titan Company, Union Bank of India and Zee Entertainment Enterprises will announce January-March 2018 quarterly results today, 10 May 2018.

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First Published: May 10 2018 | 8:44 AM IST

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