The volatility index, IndiaVIX, fell by 5 per cent and ended at a 4-month low of 24.75 levels on Thursday
Currently, five products are under development, out of which the first two products would be filed towards the end of this year or early next year
On a constant currency basis, it increased by 26 per cent year-on-year to around $1.62 billion led by improvement in volumes and new product launches
Despite an over 150 per cent rise since March lows, the stock can see more gains
All that happened in the markets today
The US drug regulator inspected the plant from January 13 to February 12,2020 and issued a letter to the company to this effect while classifying the inspection as 'Official Action Indicated'
That apart, the company informed the exchanges that the US FDA has classified the inspection of the company's oral solids formulation manufacturing facility at New Jersey as Official Action Indicated
Revenues from operations for the quarter under review registered 16.4% growth at Rs 6158.43 crore as compared to Rs 5324.47 crore in the year ago period
Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country
Within BSE-500, 79% stocks gave positive returns in two months of lockdown
Some see this as an opportunity for Indian firms like Alembic, Aurobindo who make both the bulk drug and the formulation
The stock hit a 52-week low of Rs 281 on March 23, 2020
The latest classification, VAI, suggests that though certain objectionable conditions were found during the review, they did not warrant any further regulatory action
The facility remains important as it contributes more than 10 per cent to Aurobindo's overall sales and about 20 per cent of the US sales
Novartis is donating 130 million hydroxychloroquine doses to support efforts against the epidemic, though the European Union has so far said there is no proof it works.
Aurobindo Pharma allegedly concealed facts about cancer-causing agent NDMA in type-2 diabetes drug metformin
Aurobindo was scheduled to acquire the portfolio with an upfront purchase price of $900 million in cash
The stock is trading higher for the fourth straight day and has rallied 38 per cent during the period.
Currently, Unit 4 has 15 abbreviated new drug applications (ANDA) approvals pending over the next one year.
On February 18, the US FDA issued the EIR with voluntary action indicated for Aurobindo Pharma's Unit IV injectable formulations unit