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
Exports grew 16.22 per cent year-on-year to $6.21 billion in the first week of January, mainly driven by healthy growth in pharmaceuticals, and engineering sectors, reflecting signs of revival
To the media, Somani may be a man of few words but among peers he's known for quick responses
Created 7 billionaires in 2020; now 17 super-rich promoters in the sector with combined wealth of Rs 4.35 trillion
Approval to Covaxin raises many questions
MRP for private market Rs 1,000/ dose; current licence does not allow export or sale in private market
India's proposed WTO waiver faces stiff opposition from the US and EU
Amazon, Reliance recently announced their foray into e-pharma sector
Firm's consolidated total revenue for the quarter, however, fell marginally by 0.7% to stand at Rs 2,023 crore
This is the most opportune time to invest in the Indian pharma and medical device sector as the government is extending production linked incentives for new manufacturing units, Gowda has said
Higher share of patented products, scope for margin improvement and chronic portfolio are key positives
Promoted by Dadha Pharma, Netmeds is one of the earliest players in online pharmacy having incorporated in 2015
The letter has also been addressed to Prime Minister Narendra Modi, Union Home Minister Amit Shah and other top ministers and government officials
Govt is trying to reduce dependence on China for APIs and develop indigenous sources
The USFDA granted remdesivir an emergency use authorization for the treatment of hospitalized patients with severe Covid-19
US is one of the major export destinations for drugmakers in India, accounting for roughly 33 per cent of the country's drug exports
The company has upgraded its manufacturing facility at Khatraj near Ahmedabad with Rs 30-crore investment
From FY15 to FY19, Indian manufacturers received fewer warning letters than Chinese counterparts
China accounted for 67.56% of total imports of bulk drugs and drug intermediates in 2018-19 at $2,405.42 million.
Big entities such as Aurobindo and Dr Reddy's have been currently filing for new product approvals from multiple sites