Glenmark Pharma's stock is taking the support of a rising trend line
The higher strength will improve compliance for patients by effectively reducing the number of tablets required per day
Glenmark's stock has reclaimed its short term 21-DMA
Glenmark's operating cash flows, lower capital investments, and plans to channel proceeds from the sale of non-core assets to pay debt should improve its ratio of funds from operations to debt
The stock has jumped 40 per cent in the intra-day trade on Monday after the firm received approval for Favipiravir's (Fabiflu), a potential Covid-19 drug, by the Drug Controller General of India
Donald Trump may announce foreign workers' visa restrictions today, protect Americans struggling with a job market devastated by the coronavirus pandemic
FabiFlu is generic version of oral antiviral favipiravir; almost 80% patients are mildly sick, market potential for the oral drug is huge
The domestic pharma giant announced the launch of the first oral Favipiravir in the brand name "FabiFlu" claiming that it is backed by strong clinical evidence
FabiFlu is the first oral favipiravir-approved medication in India for the treatment of Covid-19, it said in a statement
The capsules are used in the treatment of adult patients with relapsing forms of multiple sclerosis
Drugmakers across the world have been rushing to develop a treatment or vaccine for the fast-spreading coronavirus, which has infected 5.5 million people globally, killing more than 345,000
The industry, which has been lobbying for faster approvals for quite some time now, says the current pandemic should help expedite the reforms process
Favipiravir is manufactured under the brand name Avigan by a unit of Japan's Fujifilm Holdings Corp and was approved for use as an anti-flu drug in the country in 2014
If patients recover faster, they needn't stay in hospital for 14 days and this could free up beds; Remdesivir and Favipiravir are in the process of being made available in India
Favipiravir is under trial in many countries as a potential treatment for Covid-19
Here are the top 10 business headlines this morning
Glenmark, Zydus Cadila to start trials in May
As per the clinical trial protocol approved, 150 subjects with mild to moderate Covid-19 will be randomised in the study in a 1:1 ratio to Favipiravir with standard supportive care
US growth remains crucial for earnings upgrades, while licensing deals can help reduce both, costs and debt
Strong distribution network and company's cost efficiency would help increase sales of the acquired high-margin portfolio