Strong impetus to exports by a mega product launch in North America and business outside the US bode well for earnings
Natco Pharma aims to launch around 10 new products every year in the Indian market, the city-based drug maker said on Thursday
The company had posted a net profit of Rs 142.8 crore for the corresponding period of the previous fiscal
The entire pharma space has been in limelight since the coronavirus pandemic outbreak
Total income for the quarter down marginally to Rs 477.2 cr; full-year pre-tax at Rs 569 cr
Taiho alleged that the Indian drug maker's proposed generic Lonsurf (trifluridine and tipiracil) will infringe the patent
The prices have already dropped by almost 80% in most cases.
The board of directors of Natco Pharma has recommended second interim dividend of Rs 1 per equity share of Rs 2 each
Natco is also awaiting regulatory approval for a product based on CTPR, which is a broad spectrum insecticide used in several crops
The company said that key points of the observations in Form 483 are the supplier and service provider agreements to be made more robust
Shares of Natco Pharma were trading 0.35 per cent higher at Rs 529.95 apiece on BSE
The Food and Drug Administration's observations were procedural and "can be addressed within a short period of time", says Natco.
Natco Pharma revenues decreased by 38 per cent to Rs 486.7 crore in Q4, compared to Rs 787.9 crore in the year-ago period
Lack of significant launch visibility has led analysts to estimate net profit numbers to be little changed next year
Margin reduction of Oseltamivir in the US market cited as the major cause for the decline in profits during the quarter
The decision marks Natco's first ever entry into agrochemical manufacturing, an all together a new area of business for a pharma player
60-70% of the R&D spend will be for developing portfolio in Brazil, Canada, China & India
The company has proposed to buy a minimum number of 1.25 million shares from the open market route in the six-month period
Domestic market has contributed a third of Natco Pharma's revenues of Rs 22 billion in 2017-18, though slipped in sales for the first time
Natco Pharma remains as one of the few Indian pharma companies to have medium-term revenue visibility