Business Standard

Orchid Pharma

Orchid Pharma rises 4% on deal with Cipla to roll out new UTI drug in India

The rise came following Orchid Pharma's announcement of a collaboration with pharmaceutical giant Cipla to introduce the antibiotic Cefepime-Enmetazobactam in India

Orchid Pharma rises 4% on deal with Cipla to roll out new UTI drug in India
Updated On : 01 Jul 2024 | 11:21 AM IST

Orchid Pharma join hands with Cipla to launch new antibiotic in India

The partnership between Orchid Pharma and Cipla combines Orchid's innovative drug development capabilities with Cipla's extensive distribution network and market presence

Orchid Pharma join hands with Cipla to launch new antibiotic in India
Updated On : 28 Jun 2024 | 5:48 PM IST

Orchid Pharma shares rally 6% on DCGI nod for made-in-India antibiotic drug

Orchid Pharma has received DCGI's approval for the manufacturing and marketing its invented, made-in-India Active Pharmaceutical Ingredient (API), Enmetazobactam

Orchid Pharma shares rally 6% on DCGI nod for made-in-India antibiotic drug
Updated On : 06 Jun 2024 | 12:42 PM IST

Will pharma stocks continue their dream rally in FY25?

PRESCRIPTION FOR CAUTION: Analysts sound alarm on valuations after past year's recovery

Will pharma stocks continue their dream rally in FY25?
Updated On : 07 Mar 2024 | 12:11 AM IST

Bourses freeze Orchid Pharma promoters' shares for failing to meet norms

Orchid Pharma on Wednesday said stock exchanges have started freezing the shares of its promoters for the company's failure to comply with market regulator Sebi's minimum public shareholding norms within the stipulated time period. Under Sebi norms, listed companies are required to have a Minimum Public Shareholding (MPS) of 25 per cent and stock exchanges can take action against companies, including freezing of promoters' shares, for non-compliance. In a regulatory filing, the company said its directors have been informed that they shall not hold any new position as director in any other listed entity. "The Directors at the meeting of Board of Directors held on May 10, 2023, have been informed that they shall not hold any new position as director in any other listed entity and that the action of freezing has been initiated by the stock exchanges against the promoters and promoters," Orchid Pharma said. The company stated that in its effort to maintain minimum public shareholding a

Bourses freeze Orchid Pharma promoters' shares for failing to meet norms
Updated On : 17 May 2023 | 11:47 PM IST

Orchid Pharma board approves QIP programme to raise Rs 500 crore

Drug firm Orchid Pharma on Thursday said its board has approved to raise Rs 500 crore from institutional investors. The company's board has approved a Qualified Institutional Placement (QIP) programme to raise Rs 500 crore, it said in a regulatory filing. With this QIP, the Dhanuka group, which took over the company in 2018, is also meeting its mandatory obligation to dilute 15 per cent stake in it by March 2023. Post a successful turnaround of the Insolvency Bankruptcy Code case, the company has been on a growth spree, it said. On the back of a robust product launch pipeline and an agile management team, the company said it is poised to become an even stronger player in the Cephalosporin antibiotics space.

Orchid Pharma board approves QIP programme to raise Rs 500 crore
Updated On : 02 Dec 2022 | 12:26 AM IST

China-Plus-One strategy: Indian API firms start to reap benefits

Rising Chinese labour costs, geopolitics, pandemic-stricken uncertainties have forced global players to derisk

China-Plus-One strategy: Indian API firms start to reap benefits
Updated On : 28 Nov 2022 | 6:10 AM IST

Orchid Pharma antibiotic product for treating UTI coming to India: MD

Company says it's returning to profit after takeover by Dhanuka Laboratories under insolvency resolution

Orchid Pharma antibiotic product for treating UTI coming to India: MD
Updated On : 25 Nov 2022 | 12:12 AM IST

Orchid Pharma Q2 EBIDTA rises 104%, revenue up 36% on increasing sales

/ -- Orchid Pharma today announced their Q2'22 results. Fuelled by increasing sales and a laser sharp focus on costs, Orchid Pharma reported a 36% surge in total revenue from operations while the EBIDTA has jumped by 104% over the quarter ending September 2021. Dhanuka Group, through its pharmaceutical arm, Dhanuka Laboratories Ltd, had taken over the company through the CIRP (Corporate Insolvency Resolution Process) on 31st March 2020. In spite of the COVID-19 Pandemic, the group through its relentless efforts has turned around the business and within a year made the loss-making business profitable. Speaking on the Q2 results, Manish Dhanuka, Managing Director, Orchid Pharma said, "Our revenues have seen a sharp uptick over the last one year. We have focussed on increasing the capacity utilizations while controlling costs. Owing to all the measures we took, bearing fruit, and a strong product pipeline, the results are a sign of positive things to come." In the near future, the ...

Orchid Pharma Q2 EBIDTA rises 104%, revenue up 36% on increasing sales
Updated On : 16 Nov 2022 | 5:00 PM IST

Stocks to Watch: Apollo Hospitals, Nazara, DB Realty, Orchid Pharma, auto

Adani Wilmar, Coal India, Dish Tv, Eicher Motors, Grasim, Medplus Health, MTNL, Nagarjuna Fertilizers, PC Jeweller, Railtel, Rajesh Exports, Spandana Sphoorty and SpiceJet to announce results today.

Stocks to Watch: Apollo Hospitals, Nazara, DB Realty, Orchid Pharma, auto
Updated On : 14 Feb 2022 | 8:06 AM IST

Orchid Pharma OFS subscribed 2.5x; India Pesticides IPO 3.8x on Day 2

Shares of Orchid Pharma hit 10 per cent lower limit to end at Rs 1,188 on Thursday

Orchid Pharma OFS subscribed 2.5x; India Pesticides IPO 3.8x on Day 2
Updated On : 25 Jun 2021 | 12:00 AM IST

Orchid Pharma freezes at 10% down circuit as promoter begins stake sale

Dhanuka Laboratories, one of the promoter of Orchid Pharma proposed to sell in aggregate up to 3.28 million equity shares, representing 8.04 per cent of the total equity share capital of the Company.

Orchid Pharma freezes at 10% down circuit as promoter begins stake sale
Updated On : 24 Jun 2021 | 10:58 AM IST

After 7,700% surge in stock, Orchid Pharma to face reality check

New owners have to divest part of their stake of about 98 per cent in the firm, which re-listed in Mumbai in early November after emerging from bankruptcy

After 7,700% surge in stock, Orchid Pharma to face reality check
Updated On : 04 Jun 2021 | 1:17 AM IST

Orchid Pharma rises from ashes, expects to make profits in 12 months

Dhanuka Pharmaceuticals that took over the company almost a year ago, nursed it back to health from bankruptcy

Orchid Pharma rises from ashes, expects to make profits in 12 months
Updated On : 25 Mar 2021 | 11:42 PM IST

This pharma stock has zoomed over 10,000% in 96 trading days

Orchid Pharma shares were locked in the upper circuit for the 96th straight trading day

This pharma stock has zoomed over 10,000% in 96 trading days
Updated On : 22 Mar 2021 | 2:36 PM IST

This pharma stock has zoomed 567% in 40 trading days post re-listing

According to latest shareholding pattern data, the company's promoter held 98.04 per cent stake

This pharma stock has zoomed 567% in 40 trading days post re-listing
Updated On : 30 Dec 2020 | 1:27 PM IST

Orchid Pharma approves amalgamation of Dhanuka Pharma with itself

Issues 10,000 equity shares of OPL for Rs 10 each at par to the shareholders of DPPL

Orchid Pharma approves amalgamation of Dhanuka Pharma with itself
Updated On : 03 Apr 2020 | 8:57 PM IST

Dhanuka Lab implements resolution plan for debt-ridden Orchid Pharma

The resolution plan will fetch the secured lenders around 32.3% recovery

Dhanuka Lab implements resolution plan for debt-ridden Orchid Pharma
Updated On : 31 Mar 2020 | 8:25 PM IST

SC sets aside NCLAT order on Dhanuka's resolution plan for Orchid Pharma

The apex court's ruling effectively gives the green signal to Dhanuka's plan for Orchid Pharma

SC sets aside NCLAT order on Dhanuka's resolution plan for Orchid Pharma
Updated On : 03 Mar 2020 | 6:27 PM IST

NCLT dissolves Orchid Pharma's promoter firm, says no gain for shareholders

CoC says parent firm has no assets other than holding in Orchid Pharma, which itself is undergoing CIRP; Even if there is a resolution for Orchid Pharma, nothing would be left for investors

NCLT dissolves Orchid Pharma's promoter firm, says no gain for shareholders
Updated On : 31 Dec 2019 | 10:02 PM IST