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Natco Pharma Ltd.

BSE: 524816 Sector: Health care
NSE: NATCOPHARM ISIN Code: INE987B01026
BSE 00:00 | 19 Dec 706.30 1.35
(0.19%)
OPEN

703.00

HIGH

711.50

LOW

702.20

NSE 00:00 | 19 Dec 708.10 2.35
(0.33%)
OPEN

709.40

HIGH

713.85

LOW

705.00

OPEN 703.00
PREVIOUS CLOSE 704.95
VOLUME 5564
52-Week high 1047.00
52-Week low 637.40
P/E 14.57
Mkt Cap.(Rs cr) 13,042
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 703.00
CLOSE 704.95
VOLUME 5564
52-Week high 1047.00
52-Week low 637.40
P/E 14.57
Mkt Cap.(Rs cr) 13,042
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Natco Pharma Ltd. (NATCOPHARM) - Company History

Natco Pharma Limited is a vertically integrated and R&D focused pharmaceutical company engaged in developing manufacturing and marketing of finished dosage formulations (FDF) and active pharmaceutical ingredients (APIs). The company's focus is primarily on niche therapeutic areas and complex products. The company sells its products in over 40 countries. FDF products are sold in the United States India Europe and the rest of the world (RoW). Natco's API products are primarily used for captive consumption in its FDF products and are also sold to customers for various international markets such as Brazil Europe and USA. In the API segment Natco has capabilities to develop and manufacture products with multi-step synthesis semi synthetic fusion technologies high-potency APIs and peptides.Natco Pharma is also engaged in contract manufacturing business whereby the company undertakes selected contracts with pharmaceutical companies to manufacture and supply pharmaceutical products.Natco Pharma was originally incorporated on 19 September 1981 as private limited company under the name of Natco Fine Pharmaceuticals Private Limited. It became a deemed public company with effect from 1 July 1992. The name of the company was changed to Natco Pharma Limited and a fresh certificate of incorporation consequent upon change of name was issued by the RoC Andhra Pradesh on 18 February 1993. The company was converted into a public limited company and a fresh certificate of incorporation dated 30 December 1994 was issued by the RoC Andhra Pradesh. In 1988 the company inaugurated a Parenterals manufacturing facility at Nagarajuna Sagar Telangana. In 1993 the company inaugurated its chemical division at Mekaguda Telangana. On 1 April 1995 Natco Parenterals Limited Natco Laboratories Limited and Dr. Karanth Pharma Labs Private Limited merged with Natco Pharma. In 1997 Natco Pharma inaugurated Natco Research Center (NRC) at Sanathnagar Hyderabad. In 2003 Natco Pharma launched its Oncology division with introduction of flagship brand VEENAT (generic Imatinib Mesylate) for the treatment of chronic myelogenous leukemia. In 2006 Natco Pharma inaugurated a world class finished dosage facility at Dehradun Uttarakhand. In 2007 Natco Pharma launched its first abbreviated new drug application (ANDA) in the US market. During the year the company acquired Savemart Pharmacy in USA.In 2008 Natco Pharma filed its first Paragraph IV filing in the US market. In 2009 Natco Pharma's turnover reached $100 million milestone. In 2011 Natco Pharma and Levomed LLC USA formed a joint venture company Natcofarma Do Brasil for sales and distribution in Brazil. In 2012 Natco Pharma won the first ever compulsory license from Bayer for its patent-protected anti-cancer drug Nexavar in India. During the year the company established Natco Pharma Asia Pte Ltd as a wholly owned subsidiary for sales and distribution in Singapore. In 2013 Natco Pharma established a subsidiary Natco Pharma Canada for sales and distribution in Canada. In 2014 Natco Pharma established a subsidiary Natco Pharma Australia Pty Ltd for sales and distribution in Australia. On 9 March 2015 Natco Pharma announced that it has launched the first generic version of sofosbuvir in Nepal. Sofosbuvir is a medicine used for chronic hepatitis C infection and sold globally by Gilead Sciences Inc. under its brand Sovaldi. On 11 March 2015 Natco Pharma announced that it is the first company in India to get approval for generic sofosbuvir tablets 400mg from Drugs Controller General (India). Natco will market generic sofosbuvir under its brand HEPCINAT and through strategic partners in India.The Board of Directors of Natco Pharma at its meeting held on 30 March 2016 approved the sale of its Save Mart Pharmacy Store located in the USA to CARE MART Inc. The Save Mart Pharmacy Store is owned by Natco Pharma Inc. a wholly owned subsidiary of the company and is considered as a non-core part of the business.On 12 December 2016 Natco Pharma announced the launch of the first generic version of Oseltamivir oral capsules 30 mg 45 mg and 75 mg through its marketing partner Alvogen in the USA market. In 2017 Natco Pharma launched new cardiology and diabetology division for Indian market. On 2 January 2017 Natco Pharma announced that it has launched the first generic version of Sofosbuvir 400mg/Velpatasvir 100mg fixed dose combination in Nepal. Sofosbuvir 400mg/Velpatasvir 100mg fixed dose combination is sold by Gilead Sciences Inc. under brand name Epclusa. Epclusa is the first all-oral pan-genotypic single tablet regimen for the treatment of adults with genotype 1-6 chronic hepatitis C virus (HCV) infection. Epclusa is also the first single tablet regimen approved for the treatment of patients with HCV genotype 2 and 3 without the need for Ribavirin.On 17 May 2017 Natco Pharma announced that its partner Dr. Reddy's Laboratories Ltd. has received approval from the U.S. Food and Drug Administration (USFDA) to launch Doxorubicin Hydrochloride Liposome Injection a therapeutic equivalent generic version of Doxil (doxorubicin hydrochloride liposome injection) for intravenous use in the United States market.On 5 October 2017 Natco Pharma announced that its marketing partner Mylan N.V. has launched in the U.S. the first Glatiramer Acetate Injection 40 mg/mL for 3-times-a-week injection that is an AP-rated substitutable generic version of Teva's Copaxone 40 mg/mL as well as Glatiramer Acetate Injection 20 mg/mL for once-daily injection an AP-rated substitutable generic version of Teva's Copaxone 20 mg/mL. These products are indicated for the treatment of patients with relapsing forms of multiple sclerosis (MS) a chronic inflammatory disease of the central nervous system. Shipments to customers have commenced.On 4 November 2017 Natco Pharma announced that it has executed definitive agreement and subscribed to 7.50% of the paid-up equity share capital of OMRV Hospitals Private Limited (OMRV). The investment amount was Rs 7.50 crore. OMRV operates under brand name of PACE Hospital which is a super specialty hospital presently operating in Hyderabad Telangana focused on tertiary care services in the field of Medical and Surgical Gastroenterology Hepatology Nephrology Urology GI Oncology and Andrology.The Committee of Directors of Natco Pharma at its meeting held on 14 December 2017 approved allocation of 1 crore Equity Shares at the issue price of Rs 915 per Equity (including a premium of Rs. 913 per Equity Share) upon the closure of the issue to eligible qualified institutional buyers pursuant to the QIP amounting to an Issue size of Rs 915 crore. On 17 February 2018 Natco Pharma announced successful completion of regulatory inspection from the United States Food and Drug Administration (USFDA) for its Active Pharmaceutical Ingredient (API) facility in Mekaguda Village near Hyderabad India which was conducted during the period 12th February 2018 to 16th February 2018. The regulatory audit resulted in zero observations (no form 483 issued).