Page 22 - Pharmaceutical Firms
Chhattisgarh govt's flagship scheme delivers hefty markdown on medicines
The state government has given priority to the health security of the people, the official said
 "Chhattisgarh govt's flagship scheme delivers hefty markdown on medicines")
We thrive on products that have limited competition: Top Sun Pharma execs
In a Q&A, the firm's US business head and its group CFO talk about their plans to scale the specialty products business further, and dwell on the company's strategies post-pandemic
 "We thrive on products that have limited competition: Top Sun Pharma execs")
Sun Pharma Q2 PAT rises 10.5% YoY to Rs 2,262 crore on robust sales
Gross sales came in at Rs 10,809.2 crore, growing by 13.1% over Q2 last year
 "Sun Pharma Q2 PAT rises 10.5% YoY to Rs 2,262 crore on robust sales")
Janaushadhi stores for affordable medicines grew 100-times in 8 yrs: Govt
More than Rs 15,360 crore estimated to have been saved due to central government service
 "Janaushadhi stores for affordable medicines grew 100-times in 8 yrs: Govt")
Uncertainty on revenue growth, margin outlook hits Gland Pharma stock
The injectable manufacturing company expects the margin pressure to persist due to cost pressures and negative operating leverage.
 "Uncertainty on revenue growth, margin outlook hits Gland Pharma stock")
Wockhardt likely to sell India business to cut debt, focus on UK: Analysts
Company left with low-margin brands in India after selling profitable ones
 "Wockhardt likely to sell India business to cut debt, focus on UK: Analysts")
Piramal Pharma ends at Rs 192 on debut, valued at Rs 22,882 cr at close
Domestic brokerage Motilal Oswal has set a price target of Rs 210 for the stock
 "Piramal Pharma ends at Rs 192 on debut, valued at Rs 22,882 cr at close")
Several states initiate action over contaminated cough syrup controversy
According to the media reports, Karnataka has directed all drugmakers to test samples of glycerine and propylene glycol and submit a report within seven days.
 "Several states initiate action over contaminated cough syrup controversy")
Drug regulator halts production at Maiden Pharma's Sonipat unit
Centre forms panel to analyse causal relation between deaths and cough syrups
Preliminary report suggests lapse in manufacturing process at Maiden Pharma
The firm has been in news for supplying contaminated cough syrups to Gambia, which is linked to the deaths of 66 children due to the presence of contaminants
 "Preliminary report suggests lapse in manufacturing process at Maiden Pharma")
New Jersey-based Amneal Pharma starts mfg operations for Indian market
The firm already has manufacturing units in four Indian cities, all of which are focused on the export market
 "New Jersey-based Amneal Pharma starts mfg operations for Indian market")
Existing pharma marketing practices code is adequate: Centre tells SC
Says Indian Pharmaceutical Alliance's investigation report cleared Dolo-650 maker, Micro Labs, of allegations of bribing doctors with freebies worth Rs 1,000 crore
 "Existing pharma marketing practices code is adequate: Centre tells SC")
Pharma industry says taking steps to check misuse of codeine drugs
Sales declining anyway and there is no need to ban because of alleged misuse, say experts
Udaan starts multiple deliveries per day for pharmacies in six cities
Softbank-backed B2B e-commerce firm Udaan has started delivering stocks to pharmacies four times a day across six cities and plans to scale up the service to other places after six to eight months, the company said on Thursday. The 4X4 delivery service' has been rolled out after a pilot programme and receiving extensive feedback from pharmacies in select cities, which required enhanced delivery capabilities. During the pilot phase, the business witnessed a 45 per cent rise in orders in the select cities. "As part of the new service offering, Udaan will provide medicine delivery to pharmacies every 4-hour with 4 delivery slot options in a day to order medicines across six cities - Kolkata, Jaipur, Indore, Ahmedabad, Bengaluru and Pune. Udaan plans to scale the '4X4 delivery service' to more cities and towns in the next 6-8 months," the company said in a statement. Udaan Business head for Pharma Category Sanjay Sharma said the company will leverage for the convenience and faster ...
 "Udaan starts multiple deliveries per day for pharmacies in six cities")
Pharma supply start-up Saveo Healthcare raises $4.5mn in venture round
Company founded by 4 IIT graduates will use money to expand its presence and for improving technology
 "Pharma supply start-up Saveo Healthcare raises $4.5mn in venture round")
Torrent Pharma acquires cosmetic derma player Curatio for Rs 2,000 cr
First major acquisition by Aman Mehta after taking charge at Torrent Pharma in August
 "Torrent Pharma acquires cosmetic derma player Curatio for Rs 2,000 cr")
Land parcels of pharma PSUs find no takers, but momentum likely in few mths
In December 2019 the decision was revised to allow sale of land to private entities as well through a competitive bidding process
 "Land parcels of pharma PSUs find no takers, but momentum likely in few mths")
Mankind Pharma files for IPO, could be second largest among pharma firms
The offer for sale is expected to be anywhere between Rs 5000-5500 crore, say sources
 "Mankind Pharma files for IPO, could be second largest among pharma firms")
The SSI Mantra: India's own surgical robot boasts cheaper price tag
SSI Mantra has already been used for 22 complex procedures at Delhi hospital
 "The SSI Mantra: India's own surgical robot boasts cheaper price tag")
Core brands, new launches to help Abbott India stock outperform: Analysts
Analysts expect double-digit growth for pharma major even if Q1 disappointed
 "Core brands, new launches to help Abbott India stock outperform: Analysts")