Ties up with Fujifilm for exclusive rights over Avigan for Indian market, can sell overseas too
Japan's Fujifilm Holdings Corp said it was partnering with Dr Reddy's Labs to sell the anti-flu drug Avigan in India and elsewhere to treat Covid-19, the respiratory disease caused by the coronavirus.
The drug major has also earmarked a capital expenditure (capex) of Rs 1,000 crore for finding various projects during the ongoing financial year
DRL to receive technology transfer from Gilead and would need to scale up manufacturing and obtain regulatory approvals from 127 countries for marketing the drug
Looking at the strong setup on the medium term charts, it would be advisable to buy Nifty around 9,900, for the upside target of 10,300.
Given the huge hit from lockdown, it is not surprising that 44 of the 80 companies have seen sharp cuts ranging 10% to 72%
All that happened in the markets today
Reliance Industries will be in focus today as its mega rights issue opens today and closes on June 3
The plant is one of the company's three units that were served a warning letter in November 2015 for not following the prescribed operational and manufacturing quality standards
We're pushing limits to bring tech to every user, says Google Cloud India head Karan Bajwa
The company has multiple growth engines given its focus on India/emerging markets and limited competition products in the US
The deal, which could fetch a consideration amount of Rs 1,850 crore, is expected to close in the first quarter of financial year 2020-21, Wockhardt added.
Deal would help Wockhardt focus on international operations, novel pipeline R&D
Firm takes a Rs 1,110 crore hit with generic versions of its Nuvaring drug hitting the market; financial results run completely contra to analyst expectations
In the first 11 trading days of the current calendar year, Dr Reddy's has outperformed the market by surging 6 per cent on expectations of earnings improvement.
Lupin, Sun Pharmaceutical, Cadila Healthcare, Aarti Drugs and Aurobindo Pharma were up in the range of 2 per cent to 3 per cent.
21,026 votes, which accounted for the rest 0.02 per cent, were posted against the resolution, it added
Firm has outperformed domestic pharma market in 7 of last 8 quarters
Amneal's EluRyng is the first generic version of this low competition drug, which the company plans to launch this month
Bortezomib is an active ingredient similar to that of the once blockbuster cancer treatment Velcade of Millennium Pharmaceuticals