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Cipla Ltd.

BSE: 500087 Sector: Health care
NSE: CIPLA ISIN Code: INE059A01026
BSE 00:00 | 21 Sep 660.60 1.15
(0.17%)
OPEN

665.10

HIGH

670.15

LOW

639.45

NSE 00:00 | 21 Sep 653.20 -7.40
(-1.12%)
OPEN

668.00

HIGH

671.55

LOW

638.40

OPEN 665.10
PREVIOUS CLOSE 659.45
VOLUME 196878
52-Week high 678.00
52-Week low 508.10
P/E 32.05
Mkt Cap.(Rs cr) 53,195
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 665.10
CLOSE 659.45
VOLUME 196878
52-Week high 678.00
52-Week low 508.10
P/E 32.05
Mkt Cap.(Rs cr) 53,195
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Cipla Ltd. (CIPLA) - Company History

Cipla Ltd is one of the leading pharmaceutical companies in India. The company focuses on development of new formulations and has a wide range of pharmaceutical products. The product portfolio includes over 1500 products across wide range of therapeutic categories.Cipla Ltd was incorporated in the year 1935 with the name Chemical Industrial & Pharmaceutical Laboratories Ltd. Khwaja Abdul Hamied the founder of Cipla gave the company all his patent and proprietary formulas for several drugs and medicines without charging any royalty. On August 17 1935 Cipla was registered as a public limited company with an authorized capital of Rs 6 lakh.In the year 1941 as the Second World War cuts off drug supplies the company starts producing fine chemicals dedicating all its facilities for the war effort. In the year 1952 the company set up first research division for attaining self-sufficiency in technological development. In the year 1960 they started operations at second plant at Vikhroli Mumbai producing fine chemicals with special emphasis on natural products. In the year 1968 the company manufactured ampicillin for the first time in the country. In the year 1972 the company started Agricultural Research Division at Bangalore for scientific cultivation of medicinal plants. In the year 1976 they launched medicinal aerosols for asthma. In the year 1980 the company won Chemexcil Award for Excellence for exports. In the year 1982 the company started operations in their fourth factory at Patalganga Maharashtra. In the year 1984 they developed anti-cancer drugs vinblastine and vincristine in collaboration with the National Chemical Laboratory Pune. Also they won Sir P C Ray Award for developing in-house technology for indigenous manufacture of a number of basic drugs. In the year 1985 US FDA approved the company's bulk drug manufacturing facilities. In the year 1988 they won National Award for Successful Commercialisation of Publicly Funded R&D. In the year 1991 the company launched etoposide a breakthrough in cancer chemotherapy in association with Indian Institute of Chemical Technology. Also they manufactured antiretroviral drug zidovudine in technological collaboration with Indian Institute of Chemical Technology Hyderabad. In the year 1994 the company commenced commercial operations in their fifth factory at Kurkumbh Maharashtra. In the year 1997 they launched transparent Rotahaler the world's first such dry powder inhaler device. In the year 1998 they launched lamivudine. The company becomes one of the few companies in the world to offer all three component drugs of retroviral combination therapy.In the year 1999 the company launched Nevirapine antiretroviral drug used to prevent the transmission of AIDS from mother to child. In the year 2000 the company became the first company outside the USA and Europe to launch CFC-free inhalers - ten years before the deadline to phase out use of CFC in medicinal products.In the year 2002 the company set up four state-of-the-art manufacturing facilities in Goa. In the year 2003 they launched TIOVA (Tiotropium bromide) a novel inhaled long-acting anticholinergic bronchodilator that is employed as a once-daily maintenance treatment for patients with chronic obstructive pulmonary disease (COPD). Also they commissioned second phase of manufacturing operations at Goa.In the year 2005 the company set up state-of-the-art facility for manufacture of formulations at Baddi Himachal Pradesh. In the year 2007 they set up state-of-the-art facility for manufacture of formulations at Sikkim. In February 2007 the company entered into a development and supply agreement with Drugs for Neglected Diseases Initiative (DNDi) a global non-profit organization for a new anti-malarial combination drug as a global initiative. During the year 2009-10 the company sold their intellectual property rights and technical know-how of 'i-pill' an emergency contraceptive brand to Piramal Healthcare Ltd for the territory of India at an aggregate consideration of Rs 95 crore. Also they entered into a strategic alliance with Stempeutics Research Pvt. Ltd. promoted by the Manipal Group for the marketing rights of stem-cell-based products being developed by Stempeutics. Cipla is sponsoring up to Rs.50 crore in the initial phase for research and development of these products.In April 2010 the company commenced commercial production of pharmaceutical formulations at the Special Economic Zone (SEZ) project at Indore Madhya Pradesh. This project includes facilities for the manufacture of aerosols respules liquid orals pre-filled syringes (PFS) nasal sprays large volume parenterals (LVP) eye drops tablets and capsules. The total investment for this project is about Rs 900 crore.In May 2010 the company acquired an undertaking for Rs 30.64 crore by way of a slump sale arrangement. The undertaking has a manufacturing facility approved by US FDA and WHO for APIs and intermediates. It is located at Kurkumbh (Pune district). Also the company set up a wholly-owned subsidiary 'Cipla Singapore Pte Ltd' in Singapore to aid logistics and distribution of the company's export business.In May 2010 the company acquired 100% shareholding of a company for Rs 51.38 crore. This company has a state-of-the-art formulations manufacturing facility at Sikkim with capabilities to manufacture tablets capsules oral liquids injections dry syrup and ointments/creams. During the year 2010-11 the company introduced a number of new drugs and formulations such as Entavir (entecavir tablets) an antiviral for hepatitis B; Febucip (febuxostat tablets) a drug for gout; Flosoft (fluorometholone acetate ophthalmic suspension) a topical steroid for eye inflammation; Foracort (formoterol and budesonide autohaler) an asthma controller therapy in a new easy-to-use breath actuated inhaler; Furamist AZ (fluticasone furoate and azelastine hydrochloride nasal spray) a nasal spray for allergic rhinitis and Montair FX (montelukast and fexofenadine tablets) an antiallergic combination for rhinitis. During the year Cipla (Mauritius) Ltd Cipla (UK) Ltd Cipla-Oz Pty Ltd Four M Propack Pvt Ltd Goldencross Pharma Pvt Ltd Medispray Laboratories Pvt Ltd Meditab Holdings Ltd Meditab Pharmaceuticals South Africa (Pty) Ltd Meditab Specialities New Zealand Ltd Meditab Specialities Pvt Ltd Sitec Labs Pvt Ltd and STD Chemicals Ltd. The company is setting up API facilities at Bengaluru and Kurkumbh. They are also upgrading the API facilities at Patalganga. The total investment for these projects is about Rs 400 crore. The company proposes to subscribe to the share capital of two biotechnology companies located in India and Hong Kong to obtain a 40 per cent and a 25 per cent share respectively. The total investment will be about USD 65 million in a phased manner for setting up state-of-the-art facilities for biosimilar products in Goa and China.On 3 May 2012 Cipla announced a major price reduction in selected cancer drugs.On 21st July 2012 Cipla announced collaboration with Drugs for Neglected Diseases initiative (DNDi) a not-for-profit research and development (R&D) organization to develop and produce an improved first-line antiretroviral (ARV) combination therapy specifically adapted to meet the treatment needs of infants and toddlers living with HIV/AIDS.On 14 August 2012 Cipla announced the launch of `Qvir' a novel 4 drug kit priced at Rs 158 for treating HIV/AIDS.On 8 November 2012 Cipla announced a major price reduction on select anti-cancer drugs. On 27 February 2013 Cipla announced an offer to the shareholders of Cipla Medpro South Africa Ltd. (Medpro) to acquire 100% of the ordinary share capital of Medpro for ZAR 10.0 per share via a scheme of arrangement. The Board of Directors of Medpro unanimously resolved to support and facilitate Cipla's offer and recommended to Medpro shareholders that they vote in favour of all resolutions required to implement the scheme of arrangement. Cipla Medpro South Africa is a leading provider of chronic medicines to the public and private sectors. On 16 July 2013 Cipla announced that it had completed the acquisition of 100% of the issued shares of Cipla Medpro South Africa Ltd. for an aggregate consideration of ZAR 4507mn (Rs 2707 crore). On 17 April 2013 Cipla announced the launch of the first biosimilar of Etanercept in India for the treatment of rheumatic disorders.On 20 February 2014 Cipla and MSD announced the formation of an India-specific strategic partnership whereby Cipla will have a non-exclusive license to market promote and distribute MSD's raltegravir 400mg tablet under a different brand name in India. The drug is used for the treatment of HIV-1 infection in adult patients as part of combination HIV therapy.On 12 May 2014 Cipla through its wholly owned subsidiary Cipla (EU) Limited announced $21 million two-phase investment in Chase Pharmaceuticals Corporation Inc. US (Chase) to support Alzheimer's disease drug development. On 19 June 2014 Cipla announced that it has collaborated with Hetero to launch a biosimilar of the drug `Darbepoetin alfa' under the brand name `Actorise'. The product is indicated for the treatment of anaemia caused due to chronic kidney disease.On 7 July 2014 Cipla announced its intention to make investments of up to 100 million in its UK subsidiary over the next few years. The investment will fund the launch of a range of drugs in the areas of respiratory oncology and antiretroviral medicines as well as research and development clinical trials and further expansion internationally and in the UK.In its bid to enter the markets of Czech Republic and Slovaki Cipla on 8 September 2014 announced commercial collaboration with UK-based S&D Pharma. On 15 September 2014 Cipla announced that it had signed a non-exclusive licensing agreement with Gilead Sciences Inc. for manufacturing and distribution of Sofosbuvir mono Ledipasvir mono the fixed-dose combination of Ledipasvir/Sofosbuvir with each other and the combination of Sofosbuvir or Ledipasvir with other active substances for the treatment of hepatitis C.On 18 September 2014 Cipla announced that it has granted Salix Pharmaceuticals Inc. a US-based speciality pharmaceutical company exclusive rights under certain patent applications in the `Rifaximin Complexes' patent family controlled by Cipla. The grant is on a worldwide basis excluding the countries of Asia (other than Japan) and Africa.On 8 October 2014 Medpro Pharmaceutica (Pty) Ltd - a subsidiary company of Cipla Medpro announced that it had entered into sales and distribution arrangement with Teva Pharmaceuticals (Pty) Ltd an affiliate of Teva Pharmaceutical Industries Ltd (Teva) - the largest generic pharmaceutical manufacturer in the world for the territory of South Africa. As per the tie-up Cipla Medpro a 100% subsidiary of Cipla Limited will exclusively market Teva's broad pharmaceutical product portfolio in South Africa.On 9 February 2015 Cipla announced that its wholly owned subsidiary Cipla (EU) Limited U.K. has entered into a joint venture (JV) agreement with Cipla's existing business partners in Morocco - Societe Marocaine De Cooperation Pharmaceutique (Cooper Pharma) and The Pharmaceutical Institute (PHI). This JV is aimed at strengthening Cipla's presence in Morocco which is in-line with its global growth strategy to build front-end presence in key markets.On 13 February 2015 Cipla announced that it has been awarded USD 188.95 million of Global Fund ARV Tender for anti-retrovirals drugs. The Global Fund is a 21st- century partnership designed to accelerate the end of AIDS tuberculosis and malaria as epidemics. On 21 July 2015 Cipla announced that its board of directors approved an investment by Fidelity Growth Partners India and US-based Fidelity Biosciences through FIL Capital Investments (Mauritius) II Limited or its affiliates in its newly launched consumer healthcare business which is under incorporation.On 4 September 2015 Cipla announced that its UK arm Cipla EU has entered into definitive agreements to acquire two US-based companies InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc for $550 million in an all cash transaction. InvaGen Pharmaceuticals is a leading generic pharmaceutical company in the US. Exelan Pharmaceuticals is a privately held sales and marketing company with a focus on generic pharmaceuticals for the government and institutional market in the US. On 18 February 2016 Cipla announced that its UK arm Cipla (EU) Limited had successfully completed the acquisition of InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc. The acquisition was made by Cipla (EU) Limited through a wholly owned special purpose vehicle which would merge into InvaGen Pharmaceuticals Inc. after the acquisition. On 8 October 2015 Cipla announced that its South African subsidiary Cipla Medpro (Pty) Ltd. entered into an exclusive agreement with the world's largest vaccine manufacturer Serum Institute of India (SII) to provide vaccines in South Africa.On 29 October 2015 Cipla announced that it had entered into a definitive agreement to sell its entire 25% stake in Biomab Holding Limited Hong Kong (BHL) to Biomab Brilliant Limited British Virgin Islands which holds the remaining 75% stake in BHL for a total consideration of USD 25775000. Biomab Holding Limited is focused on developing Biosimilars for the Chinese market.On 21 December 2015 Cipla announced the launch of generic drug Ledipasvir-Sofosbuvir in India under the brand name Hepcvir-L. Hepcvir-L is the first once-a-day fixed-dose oral combination therapy that has been approved for chronic hepatitis C genotype 1 patients.On 6 January 2016 BioQ Pharma Incorporated a specialty pharmaceutical company focused on the development and commercialization of single-use large-volume ready-to-use infusible pharmaceuticals and Cipla announced the signing of a strategic distribution supply and development agreement for the registration and commercialization of BioQ Pharma's Ropivacaine infusion pharmaceutical in India.On 12 October 2016 Cipla announced that it has received Establishment Inspection Report (EIR) from the US FDA for its Indore facility indicating formal closure of the US FDA inspection conducted in July/August 2015.On 23 November 2016 Cipla announced that Chase Pharmaceuticals Corporation a Delaware based corporation (Chase) in which Cipla Limited's UK arm Cipla (EU) Limited (Cipla UK) has 16.7% stake has been acquired by a subsidiary of Allergan plc. Allergan agreed to pay $125 million upfront plus potential regulatory and commercial milestones of up to $875 million to the shareholders of Chase. Cipla UK acquired a minority stake in Chase in May 2014 via a syndicated venture investment.On 17 February 2017 Cipla announced the launch of adult Hepatitis B vaccine in India. Under a co-exclusive agreement with Serum Institute of India Private Limited (SII) Cipla will market the vaccine for adults while SII will market it for adults and children.On 4 March 2017 Cipla announced that it had entered into agreements through its Wholly Owned Subsidiary Inyanga Trading 386 Proprietary Limited (Inyanga) with the group companies of Ascendis Health Limited South Africa for divesting its animal health business in South Africa and Sub-Saharan Africa.On 6 April 2017 Cipla announced that its wholly owned subsidiary in USA Cipla USA Inc. signed a worldwide licensing agreement (except for East Asia) with MEDRx Company Limited (MEDRx) to further develop and commercialize MRX-4TZT a Tizanidine patch for the management of Spasticity.On 30 November 2017 Cipla announced that it had received an approval for its product Q-TIB from World Health Organisation (WHO). Q-TIB is a novel fixed dose combination in a single tablet. This is the first time that such a combination has been made available in the world.