Sun Pharmaceutical Industries announced successful phase 3 confirmatory clinical trial results for Seciera (cyclosporine A, 0.09% ophthalmic solution), for the treatment of dry eye disease. Seciera is a patented, novel, proprietary nanomicellar formulation of cyclosporine A 0.09%.
It is a clear, preservative-free, aqueous solution. Seciera is being developed by Ocular Technologies, a company recently acquired by Sun Pharma. Following this acquisition, Sun Pharma owns exclusive, worldwide rights to Secier and is developing it to commercialize for global markets including US, Europe, and Japan, as well as several emerging markets. The announcement was made after market hours yesterday, 4 January 2017.
Canara Bank announced fixation of the marginal cost of funds based lending rate for all rupee loans and credit limits renewed. The MCLR for overnight loans was fixed at 8.2%. The rate for one month was fixed at 8.25% and for three months was fixed at 8.3%. The MCLR on 6-month loans is 8.4% and for one-year loan is 8.45%, the bank said. The announcement was made after market hours yesterday, 4 January 2017.
LT Foods said that the board of directors of the company has fixed 8 February 2017 as the record date for 10-for-1 stock split. The announcement was made after market hours yesterday, 4 January 2017.
Petron Engineering Construction said that the company has received letter of intent from Shree Cement, for civil work of plant building and silos and miscellaneous work at their Orissa grinding project at village : Chandrabali, Orissa for contract value of Rs 33 crore (approximately). The announcement was made after market hours yesterday, 4 January 2017.
Pratibha Industries announced that a meeting of the board of directors of the company shall be held on 7 January 2017, to consider and approve, the issue and allotment of shares on preferential basis to the lenders of the company, who have not subscribed the shares till 4 January 2017 under strategic debt restructuring (SDR) scheme. The announcement was made before market hours today, 5 January 2017.
Quick Heal Technologies announced that company has capitalized for incorporation of wholly owned subsidiary namely Seqrite Technologies DMCC, as a free zone company under the rules & regulations of DMCA. The announcement was made after market hours yesterday, 4 January 2017.
Dena Bank announced that a meeting of the board of directors of the bank will be held on 7 January 2017 to consider capital planning for FY 2016-17 i.e. raising of capital through equities and/or bonds. The announcement was made after market hours yesterday, 4 January 2017.
Tata Elxsi will be in focus. Irdeto, the world leader in digital platform security, announced a partnership with Tata Elxsi, a key global player in the automotive ecosystem, to provide automakers with secure in-car display systems for automobiles. The announcement was made after market hours yesterday, 4 January 2017.
Irdeto has combined its Cloakware for automotive by Irdeto security solution with Tata Elxsi's design and engineering expertise to offer secure, best-in-class user interface solutions and connected cockpit solutions to automotive clients around the world.
IP Rings announced that the board of directors at a meeting held on 4 January 2017, decided rights entitlement ratio of 4:5 and offer price of Rs 88.75 per share for the proposed rights issue. The announcement was made after market hours yesterday, 4 January 2017.
Bartronics India announced that meeting of the board of directors of the company is scheduled to be held on 11 January 2017, to consider making investments and to transfer the financial inclusion (FI) division to a wholly owned subsidiary of the company subject to approvals of members along with any other business/matters as may be permitted by the Chairman. The announcement was made after market hours yesterday, 4 January 2017.
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