Key chronic segments have helped the JB Chemicals outperform the Indian pharma market.
The firm said it plans to introduce a complete range of anti-epilepsy drug Brivaracetam in the country at an affordable price
Markets regulator Sebi on Thursday allowed Thomas Cook (India) to withdraw its buyback offer because of substantial deterioration in the company's financial position
The stock price has witnessed running correction of 10 per cent from the recent high
Two whistle blowers had alleged that Sun Pharma and its subsidiary Sun Pharmaceutical Laboratories diverted funds through its sole distributor in India Aditya Medisales
Respiratory segment and anti-infectives contract; Cardiac, anti-diabetic growth rates plummet
At 12:57 pm, Nifty Pharma index, the top gainer among sectoral indices, was up 4.2 per cent, as compared to 1.3 per cent gain in the benchmark Nifty50 index
The company has repaid debt of about $490 million in 9MFY21; filings for 90 ANDAs await US FDA approval
Analysts had expected the revenues to grow around 6 per cent YoY and Ebitda margins expected to improve 42 bps YoY to 23 per cent
Analysts expect earnings growth to be in the range of 30-40 per cent for drug firms owing to both domestic recovery as well as strong export opportunities
The board of directors of Sun Pharma are scheduled to meet on January 29, 2021 to consider and approve Q3 results
Sun Pharmaceutical Industries hit afresh 52-week high of Rs 568.50, up nearly 4 per cent in the intra-day trade today. It has surged 11 per cent in the past four trading days on the BSE
In the past three months, Sun Pharma underperformed the market by falling 1 per cent as compared to a 13 per cent rise in the S&P BSE Sensex till Friday
Upsides in the stock will depend on sustaining specialty and India sales growth
The company said that sales of specialty products have improved sequentially with Ilumya and Cequa reaching pre-Covid levels
Revenues remain flat, sequential improvement in India and US revenues
All that happened in the markets today
The drug major is looking to expand its specialty business across different regions like Greater China and Japan after having established presence in the US market
Sun Pharmaceutical Industries Managing Director Dilip Shanghvi said the company''s strategy of developing the specialty business as an additional growth engine has started delivering results
Sun Pharma has said it is voluntarily recalling one lot of Riomet ER oral suspension in the US market, due to the presence of a probable human carcinogen above the acceptable daily intake limit.