All that happened in the markets today
Lupin, Stride Pharma, Neuland Labs, Lincoln Pharma, and Hikal hit their respective 52-week highs on the BSE
Deliveries could potentially begin in late 2020 subject to completion of successful trials and registration of the vaccine by regulatory authorities in India, Dr Reddy's said in a statement
The ongoing pace of product launches in the US should lead to stronger growth after a good Q1, say analysts
Do these changes augur well for the future business growth plans? Analysts think so
Dr Reddy's rallied 5 per cent to Rs 4,524 today, surging 12 per cent in the past two trading days after the company reported a strong operational performance in Q1FY21.
Sources say Cipla-BDR's favipiravir will be at least 30 per cent cheaper than Glenmark's price of Rs 103 per tablet. Cipla did not confirm.
Currently, the drug is allowed for "restricted emergency use" on severely ill hospitalised Covid patients in India.
The company, according to its new strategy, is focusing on growing its India-based branded products
The company has registered 10% growth in revenues at Rs 4,431.8 cr for the quarter under review from Rs 4,016.6 cr in the year-ago period
The plant is one of the company's three units that were served a warning letter in November 2015 for not following the prescribed operational and manufacturing quality standards
Analysts believe Dr Reddy's US business, which has been facing revenue pressure, is likely to rebound with new product launches and the gradual normalization of price erosion in its key products.
DRL's board also the approved sale of the Contract Development and Manufacturing Organisation(CDMO) division of Custom Pharmaceutical Services (CPS), on a slump sale basis
Shares of Dr Reddy's Laboratories on Friday closed 0.55 per cent down on the BSE
Wockhardt is present in emerging markets like Mexico, Brazil with insulins
Sales in the US, its biggest market, accounting for 37 per cent of revenues, were up 8 per cent year-on-year (YoY) and 12 per cent sequentially, led by five new launches
From government announcing a 100 per cent stake sale in Air India to a new case of Coronavirus in India here are today's top headlines
The stock of Dr. Reddy's has been on a gradual rise with positive indicators supporting the momentum and currently has given a breakout above the previous peak of 3,000
Rival firm Amneal Pharma has received approval for generic birth-control product NuvaRing from the US Food and Drug Administration.
Weekly Technical Recommendations by Religare Broking Ltd.