According to Prasad, the relevance of Indian pharma sector as a provider of affordable alternative to the world remains intact
Among other Nifty companies, ZEEL has seen an earnings cut of over 8%
Further, fund managers say the markets could continue to remain polarised as growth companies are likely to fetch a premium, especially when the economy is going through a trough
Earnings were driven by one-off gains
Dr Reddy's Phytonadione Injectable Emulsion USP, 10 mg/ml Single-Dose Ampules is available in 1 ml Ampule containing 10 mg/ml of Phytonadione
As reduced commercialisation costs add to profitability, the growth in India and emerging markets is also encouraging
The closing of the transaction is subject to various customary closing conditions including antitrust review under Hart-Scott-Rodino Act of the US government
Dr Reddy's said it will receive sales-based royalties on a quarterly basis
The detailed safety and efficacy data from the study would be presented in future dermatology conferences
Lower traction in US sales, sequential decline in other key geographies and subdued margin gains disappointed the Street
According to information posted on the US Food and Drug Administration(USFDA), the company initiated a voluntary recall of Divalproex 100-count and 500-count bottles, totaling 33,958 bottles on April
Firm is adding volume-driven products such as the recent acquisition of 42 ANDAs. The portfolio has over 30 injectables and an addressable market size of $645 mn
The company said it has entered into a definitive agreement to acquire yet to be marketed portfolio of ANDAs, including more than 30 generic injectable products
These markets get a higher valuation compared to the US
Compliance norms to keep Dr Reddy's under pressure
The complaint involves 30 generic drugs, 42 companies; DRL denies wrongdoing, says will vigorously defend itself
It may be recalled that the company's net profit had declined 29 per cent in the year ago period
Dr Reddy's said it uses distribution controls to market Propofol Injectable Emulsion, USP, to prevent any misuse
Dr. Reddy's retreats from record after earnings
Quoting IMS Health data, Dr Reddy's Laboratories said the Aggrenox brand and generic had US sales of approximately $182 million for the most recent 12 months ending in October 2018