At present there are three clinical trials underway to test nafamostat in Covid19 patients around the world
Sun Pharma it has initiated manufacturing of the active pharmaceutical ingredient and the finished product of the drug using technology from its unit, Pola Pharma Japan.
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
Pricing pressure in US, lockdown may dent near-term prospects
Net profit, too, saw a 37 per cent YoY fall to Rs 399.8 crore, against estimates of Rs 950-1,000 crore.
Revenues in the US market, its largest geography, came in at $375 million down 15 per cent, though the year ago period had a high base due to a one-time contribution of specialty products
The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing
Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.
Medical devices industry has potential to attract Rs 70,000 crore in 5 years
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
At present, traders are advised to stay light and should ideally continue focusing on individual stocks
For HUL's stock, the bias has improved a lot and the stock has the potential to rise further
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Recently, while 26 workers at Cadila Pharmaceuticals facility in Ahmedabad tested positive for Covid-19, one person at Sun Pharma's Halol plant tested positive.
Strides Pharma Science, Alkem Laboratories, Ajanta Pharma, Lupin, Ipca Laboratories, Jubilant Life Sciences and FDC were up in the range of 5 per cent to 10 per cent on the BSE
The stock was trading close to its 52-week high of Rs 480, touched on April 10, 2019
Earlier in December, the plant had been issued Form 483 by USFDA with eight observations
From RBI offering $2-bn swaps to Tata Sons buying group firms' shares, here are the top 10 business headlines for the day
The drugmaker announced that its board will meet on Tuesday, March 17, 2020 to consider the buyback of company's shares
Analyst say more promoters likely to seek ways to cushion share price