Upsides in the stock will depend on sustaining specialty and India sales growth
The company said that sales of specialty products have improved sequentially with Ilumya and Cequa reaching pre-Covid levels
Revenues remain flat, sequential improvement in India and US revenues
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The drug major is looking to expand its specialty business across different regions like Greater China and Japan after having established presence in the US market
Sun Pharmaceutical Industries Managing Director Dilip Shanghvi said the company''s strategy of developing the specialty business as an additional growth engine has started delivering results
Sun Pharma has said it is voluntarily recalling one lot of Riomet ER oral suspension in the US market, due to the presence of a probable human carcinogen above the acceptable daily intake limit.
Sun Pharma's stock is in a rising trend
The pandemic pushes pharma companies to look at drugs that held promise in transitioning to over the counter segment
For the quarter ended June 2020, Sun Pharma reported a surprise loss due to one-time charges.
The report says if chemists are allowed to replace doctor's prescription with a generic drug, firms with high exposure to chronic therapeutic drugs will be impacted more
Sun Pharma's counter has provided a fresh breakout after retesting its rising channel on the daily chart
Leading drug makers Lupin and Sun Pharma are recalling different products in the US, according to the US Food and Drug Administration (USFDA).
Favipiravir has received authorisation from the Drug Controller General of India (DCGI) for emergency use of its product
It's revenue from operations for the quarter under review came in at Rs 185.45 crore, clocking a growth of 970.73 per cent YoY from Rs17.32 crore reported in Q1FY20
Pricing pressure in this category is already visible as Glenmark revised its original price (Rs 103 per tablet) to Rs 79 per tablet within a month of the launch
The company's strategy of developing the Specialty business as an additional growth engine has started delivering, with a gradual ramp up in specialty revenues, Shanghvi said
Margin gains in the June quarter unlikely to sustain
Firm's US revenue dips 33.5%; one-time loss of Rs 3,633 cr pertains to $213.3 mn pzayment by Taro, a Sun Pharma subsidiary, for settlement of anti-trust cases in the US
The company had posted a net profit of Rs 1,387.48 crore for the corresponding period of the previous fiscal, Sun Pharma said in a BSE filing