The report says if chemists are allowed to replace doctor's prescription with a generic drug, firms with high exposure to chronic therapeutic drugs will be impacted more
Chronic-heavy portfolio, pharma market recovery boost shares
In terms of markets, while its India revenues grew marginally by 2% on a year-on-year (YoY) basis to Rs 925 crore, up from Rs 907 crore in Q1 of FY20, its US revenues fell by 1% to Rs 373 crore
IGL has tested the major support zone of the long-term moving average (200 EMA) on the daily chart of late
The country accounts for 44% of overall revenues
Torrent said a pledge of shares is a security interest in favour of lenders and can be enforced by sale of such shares in event of default
The approval of the shareholders was sought by way of special resolution through a postal ballot
Derivative strategy on Pidilite Industries by Vinay Rajani -Technical and Derivatives analyst, HDFC Securities.
US business down by 22% in third quarter, India revenues grow by 5%
The US Food and Drug Administration (USFDA) has issued a warning letter to Torrent Pharma's Indrad (Gujarat) API and formulations facility.
Losar comprised almost 20% of the acquired portfolio of Unichem
Turnaround of acquired Unichem biz, improving margins, and large brands to aid earnings
Glenmark launched Remogliflozin, indicated in the treatment of Type 2 Diabetes Mellitus in adults under the brand names Remo and Remozen
While it continues to work on integrating Unichem in its specialty model, Torrent Pharma will focus on overseas geographies like US, Brazil and Germany
The Ahmedabad-based pharma company plans to launch its first product from Bio-Pharm stable this quarter in the US; Unichem MR attrition rate has halved in the hope of a turnaround
Acquisition of BPI helps the company to enter a limited competition category
For Unichem investors, larger gains will accrue if international business grows fast
At Rs 3,600 crore, Torrent is paying 4.2 times its revenue for this acquisition
What makes Unichem lucrative to potential buyers is that only 10-12 per cent of its domestic drug portfolio comes under the National List of Essential Medicines
In 2015-16, the company's revenue in Brazil had declined 17% to Rs 506 crore