Companies to focus on complex products as tough competition in generics, customer consolidation impact profits
The stock surged 7% to Rs 608 after the EBITDA margins in December quarter improved to 20.9% from 18.6% in year ago quarter and 19.7% in previous quarter.
Improving prospects of US business to drive the company's earnings
Companies must create value through transformational impact on the planet
The pharma major engages directly with patients, addresses social stigma and environmental concerns to expand the brand footprint in respiratory diseases
A low base in the US also means lower risks of price erosion, but as the company builds up its product pipeline expect earnings to improve
It is indicated for treatment of patients with myelodysplastic syndromes
In Oct, it received the nod for a generic version of limited competition drug Renvela, used to treat kidney disease
The company has received final approval from the USFDA to market a generic version of Astrazeneca's Pulmicort Respules.
Sales growth, benefits from operating leverage led to an in-line performance
The stock moved higher to its 52-week high of Rs 661, up 3% on the BSE, ahead of its Q2FY18 results on Tuesday, November 7, 2017
The promoter shareholding is valued at over Rs 16,600 crore
Healthy outlook on strong margins, niche product launches and traction in key regulatory markets
Cipla was the largest gainer among Sensex and Nifty50 stocks at 11:01 am
Margin improvement a silver lining, if sustained, can boost confidence
The drug major had posted a net profit of Rs 343.70 cr for the corresponding period in FY17
The anti-malaria drug now soon will be available in four sub-Saharan countries
Cipla, the pharmaceuticals major, is exiting non-core businesses to build a stronger pipeline in its key therapies on offer, of respiratory, oncology and anti-HIV drugs. This comes at a time when it faces pricing pressure in both India and America. The move will mean more capital for key growth areas and reduce investment risk.One step is the decision to scale down the biotechnology business. Last week, Cipla said it would not manufacture biosimilars. It also put on hold an earlier plan for a manufacturing unit in South Africa. The announcement was made after a Rs 62 crore loss in the March quarter.It is, however, not exiting the biotech segment. It will look for in-licensing opportunities and partners for two biosimilar drugs which are under trial.Umang Vohra, chief executive officer, said they now aimed to strengthen business in the core markets (India, the US and South Africa) and core therapies such as respiratory, oncology and anti-HIV drugs. "You will see us doing lot more in ...
Sales from this segment account for the largest share in revenue
Cipla continues to strengthen its global footprint. Wednesday's acquisition of Anmarate (Pty) Ltd in South Africa, and Cipla USA entering into a collaboration with MEDRx a few days ago, are a step in this direction. Such moves will help Cipla report healthy topline growth, but analysts say improvement in profitability is equally crucial.The acquisition of Anmarate, which develops and manufactures medicines and medical devices, will add to Cipla's strengths in South Africa, which already contributes about 13 per cent to its revenues. The US collaboration is to take further the development and commercialisation of MRX-4TZT, a tizanidine1 patch for the management of spasticity. This will enhance Cipla's presence in branded specialty space. To bolster the US generic business, Cipla has already completed two acquisitions last year. It is also on course for achieving full year guidance of 20-25 ANDAs (abbreviated new drug applications) having already filed 21 ANDAs during first nine months .