Alkem Laboratories has launched Favipiravir under the brand name 'Alfluenza' in India for the management of mild to moderate cases of Covid-19
Data from market research firm AIOCD-AWACS shows that sales of oseltamivir (common brand Tamiflu), used against the influenza virus and also for swine flu, went up by 35.8 per cent in April
The USFDA has now issued an EIR for the manufacturing facility, it added.
CCI said it has passed an order against the entities for violating provisions of the Competition Act by involving in anti-competitive business practices.
The board of directors of the company has declared an interim dividend of Rs 22 per equity share for the financial year 2019-20.
Any adverse outcome of the FDA's observations will impact the company's overall growth
The stock dipped 11% to Rs 1,858 on the BSE in intra-day trade on back of heavy volumes.
USFDA has issued an EIR for the company's manufacturing facility at Baddi, Himachal Pradesh, says Alkem Labs
The stock was up 5% at Rs 2,330 at 03:20 PM; after rallied 11% to Rs 2,468 on BSE in intra-day trade.
The stock was down 2.3% at Rs 1,927 as compared to 1.72% rise in the S&P BSE Sensex at 11:09 am
Good momentum in domestic sales and growing US business help stock movement
Thus far in the current calendar year 2017, the stock price has appreciated by 24% as compared to 6% rise in Sensex
The stock was down 5% to Rs 1,588 on the BSE.
The stock dipped 8% to Rs 1,655 on the BSE in early morning trade.
The stock was up 2% to Rs 1,625 on BSE, its highest level since listing in December last year.
The stock dipped 7% to Rs 1,236 on the BSE in early morning trade.
European sales contribute less than one per cent of its total revenue, says drug maker
The European Medicines Agency's review is the second setback to Alkem Laboratories