Analysts expect earnings growth to be in the range of 30-40 per cent for drug firms owing to both domestic recovery as well as strong export opportunities
Drug major Cipla is recalling over 5.8 lakh packets of a drug for the reduction in the occurrence of gastric ulcers from the US market, as per a report by the US Food and Drug Administration.
Eicher Motors' stock has been witnessing profit taking for the last one month, and is likely to see a gradual recovery from hereon
Upside target for Nifty is seen at 14,300 odd levels, which happens to be the 138.2 per cent Fibonacci retracement of the downswing seen from 12,430 to 7,511
Bristol Myers (Celgene) will provide Cipla with a license to sell generic volume-limited amounts of gRevlimid capsules in the US sometime after March 2022, subject to regulatory approval
As it takes away the legal overhang, Cipla can launch the drug once its ANDA is approved
Margin gains in the September quarter too are expected to continue
Oct growth rate was 9.6%; Most big corporates saw volumes drop in November
The Bombay High Court refused to grant interim bail to TV journalist Arnab Goswami.
Cipla's version, Cipremi, was commercially launched in July and costs just above $50 per 100 mg vial
From new labour laws promising free annual health checkups to markets poised for fresh all-time highs as investors cheer Biden win, here are top headlines this morning
The firm enjoys a massive 68.7 per cent market share in the respiratory inhalation segment in India and has started working on aligning supplies so that there is no shortage of these critical medicine
The drug firm has earmarked digital adoption and resilient operations as first of the key priorities for the coming quarters
The company's prescription biz grew 14% YoY supported by continued traction in the Covid portfolio
Approval unlikely to increase prices immediately as Gilead has said licenses are royalty-free until the end of the health emergency
Among Indian stocks, besides HDFC, Wood also holds Reliance Industries (RIL), Maruti Suzuki, SBI Life Insurance, DLF and Cipla
In the past month, Cipla and Lupin outperformed the market by gaining 12 per cent each, against 8 per cent rise in Nifty Pharma index
Barring Cipla and Glenmark, whose sales have grown in double digits due to demand for their Covid-19 drugs like favipiravir, tocilizumab, most big players have posted tepid growth
The company is expected to report strong growth in the recently concluded quarter, driven by the portfolio of drugs it manufactures to combat Covid-19
The stock jumped 5.10 per cent to close at Rs 770.20 on the BSE. During the day, it rose by 5.97 per cent to Rs 776.60.