The company's India business revenues stood at Rs 80.29 billion in 2017-18, a growth of 4 per cent over 2016-17
This strategy will entail taking multiple initiatives, both organic and inorganic as well as assuming measured risks
ILUMYA is one of the key specialty products of Sun Pharma and it was approved by the US health regulator USFDA in March 2018 while the European Commission approved it in September 2018
This speciality drug, Sun claimed, is the first and only form of latanoprost that is not formulated with benzalkonium chloride
The stock has moved higher by 4% to Rs 655, bouncing back 6% from its early morning low of Rs 620 on the BSE on Wednesday.
Halol, a key plant for the drug maker to manufacture injectables and specialty drugs, was under regulatory scanner since 2014
Shares of Sun Pharmaceutical Industries on Friday closed at Rs 664.20 per scrip on BSE, down 1.84 per cent from its close
The stock hit an intra-day high of Rs 670, recovering 4.7% from its early morning low of Rs 640 on the NSE.
In past three months, Sun Pharma had outperformed the market by surging 38% as compared to a 9% rise in the benchmark index till Thursday.
Granules India, Hikal, Pfizer, Lincoln Pharmaceuticals, Astrazeneca Pharma India and Aarti Drugs were up between 4% and 7%.
The key near-term trigger is the company's specialty pipeline
In past 14 trading days, Nifty Pharma index outperformed the market by surging 15% as compared to 2.3% rise in Nifty 50 index.
Nifty Pharma index hit a fresh 52-week high of 10,390 in intra-day on Friday, rallying 13% thus far in the month of August, its sharpest monthly gain since September 2009.
Sun Pharma had recalled around 5,000 units of 10 ml vials of testosterone cypionate injections from the US
Thus far in current week, the Nifty Pharma index outperformed the market by surging 7% against a marginal 0.31% rise in the Nifty 50 index.
Sun Pharm hit a 52-week high of Rs 618, up 3%, extending its Tuesday's 7% rally on the BSE.
US growth at 8%, despite declining Taro sales, giving confidence that the firm is on a recovery path in America
Sales from its US formulations business, which constitutes over a third of total sales, grew 8 per cent from the previous corresponding quarter
The stock rallied 7% to Rs 600 on the BSE after the company reported a better-than-expected consolidated net profit at Rs 9.83 billion in June quarter.
Divi's Lab, Aurobindo Pharma, Lupin, Dr Reddy's Lab, Sun Pharma, Glenmark Pharma and Cipla from the Nifty pharma index were up in the range of 1% to 3% on the NSE.