The revenues grew 43 per cent to Rs 11.27 billion
The company's product is a generic version of Takeda Pharma USA's Kazano tablets, Alembic Pharmaceuticals said in a regulatory filing
The approval is for strengths of 75 mg and 100 mg
Having popular brands like Glycodin (cough syrup) in its kitty, Vadodara-headquartered Alembic had a domestic focus until a few years ago
The company had posted a net profit of Rs 119.83 crore in the corresponding period of the previous fiscal
Scott Edil plans to export from the site to emerging markets; Baddi asset sold at a discounted price
Drug firm Alembic Pharmaceuticals Ltd (APL) today entered into oncology segment by inaugurating a Rs 300 crore anti-cancer drug facility at Halol in Gujarat. Speaking on the occasion, Chirayu Amin chairman of Alembic group of companies said the Rs 300 crore unit will manufacture 60 million tablets/capsules and approximately 20 million vials of liquid injectable and lyophilized concentrates. Gujarat Chief Minister Vijay Rupani after inaugurating plant said, "Gujarat is a leading producer with 80 per cent of pharmaceuticals products in the country and our government encourages more R&D spending for new drug discovery." The state government hopes to launch 1,000 generic medical stores in 2017 from the present 250 stores, which will help in providing cheap quality drugs to people of the state, Rupani said. He also said that Gujarat have been receiving lot of investment enquiries from global investors and we will provide conducive investment environment through new policies. With
The company currently has a total of 53 ANDA approvals from the US health regulator
These are therapeutically equivalent to Pristiq of Pfizer
Domestic sales remained more or less flat during the quarter at Rs 319 cr
Panelav makes formulations for the regulated markets and has a capacity to manufacture seven billion tablets and capsules per year
The company's net sales rose by 25% to Rs 735 cr
In April this year, the company had received four observations from the US health regulator after the inspection of Panelav facility
The tablets are indicated as adjunctive therapy in patients with partial onset seizures
The unit near Vadodara manufactures formulations and exports to the US and other regulated markets