Company's consolidated total income from operations rose to Rs 8,242.99 crore for the first quarter of the current fiscal
Tablets may have an annual sales of around $1.2 billion in the country
Sun Pharma to receive $50 mn initially, apart from development & regulatory milestone payments, royalties on net sales
Under terms of the license agreement, Almirall will pay Sun Pharma an initial upfront payment of US $50 million,
According to Sun Pharma, Almirall will be able to lead European studies, and participate in larger Global clinical studies for psoriasis indication subject to the terms of the Sun Pharma - Merck agreements
Crestor tablets had posted annual sales of around $6.78 billion in the 12 months ended May 2016
Shares of SPARC were trading 5.11% at Rs 367.50 apiece on BSE
SPARC was surged 7% to Rs 375, while Sun Pharma was up 1% at Rs 779 on the BSE.
Over the next few months, Sun Pharma will launch Gemcitabine InfuSMART across the Netherlands, the UK, Spain, Germany, Italy and France
The stock was trading flat at Rs 754 on the BSE, as compared to 3.5% fall in the S&P BSE Sensex.
On a year-on-year basis, Sun Pharma's stock is down 13.7%
Given the offer size, it is hardly a blip on the screen
Company has high hopes for tildrakizumab, an experimental psoriasis drug that recently completed late-stage trials
The stock was up 2% at Rs 757 on the BSE.
The recall is due to failed dissolution specifications
The Court issued a permanent injunction against Cadila Healthcare using marks similar to Sun Pharma's particular trademark
Suncros will now be sold through both prescription and OTC mode
Company has also signed former Miss India and actress Dia Mirza as Suncros' brand ambassador
Shanghvi said process of integrating Ranbaxy with Sun Pharma has commenced with a view to ensure business momentum and drive value creation
Sale part of drug maker's plans to consolidate its manufacturing facilities in US