Cipla stock tanks 8% after USFDA warning over issues at MP unit
Warning letter stresses data integrity issues at company embedded with product complaints and microbial contamination
pharma
November 2023
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July 2023
Mankind Pharma shares drop 3% post Q2
Mankind Pharma has reported 19.4% YoY rise in profit at ₹501.03 cr in Q2 FY24, while revenue from operations jumped 11.6% to ₹2,708.10 cr.
Laurus Injects Tech In Pharma
Under Satyanarayana Chava, the company has entered cutting-edge areas such as gene therapy and rare diseases.
Serum Institute’s Poonawalla richest in Pharma
Cyrus Soli Poonawalla has seen the sharpest increase in wealth in value terms across sectors during the year.
Cipla shares rise 2% on deal to acquire South Africa’s Actor Pharma
Cipla South Africa has signed a binding term sheet with Actor Holdings to acquire 100% of the issued ordinary shares of Actor Pharma.
Lupin shares rise 2% on launching heart drug in Canada
The pharma major’s subsidiary has launched Propranolol LA capsules, 60 mg, 80 mg, 120 mg, and 160 mg, in Canada.
This largecap pharma stock surges 32% in two days; here’s why
In the past one month, the share price has gained nearly 57%, while it more than doubled against its 52-week low of ₹861.5 touched on May 22, 2023.
Mankind Pharma shares jump 10% on robust Q1; up 77% against IPO price
The pharma major reported 66% YoY growth in net profit at ₹494 crore, while sales rose 18% YoY to ₹2,579 crore in Q1FY24.
Ajanta Pharma hits all-time high on strong Q1; surges 55% in 9 months
The pharma company has declared its first interim dividend of ₹315 crore for FY24, which translates into ₹25 per share, or 1,250%, for each ₹2 face value share.
Zydus Lifesciences gets USFDA nod for cancer drug; stock hits 52-week high
The share price of the drugmaker has risen 92% in the last one year from its 52-week low of ₹340.60 touched on July 27, 2022.
