Cipla's Unibrez costs Rs 130 per pack of ten tablets, compared with Rs 677 for Onbrez
With this move, the company will completely exit its animal health care business in the country
Furthering a strategy of expanding in India, South Africa and US markets
Net sales during the quarter under review stood at Rs 3,550.02 crore
Firm's Sereflo inhaler is a generic version of GSK's Advair, has a market size of $278 mn in Britain
The stock gained 5% to Rs 589, bouncing back 6.5% from intra-day low on the BSE
Cipla UK had acquired a minority stake in Chase in May 2014 via a syndicated venture investment
The market size for blockbuster inhaler Seretide in Britain was $400 million last year, say analysts
Sales in India, Cipla's biggest market, rose 21% in the quarter
US likely to bring significant growth
Company had received notices of demand aggregating to Rs 1,768 cr
The agreement with KwaZulu-Natal Dube Trade Port SEZ for Cipla BIOTEC's new facility was concluded during the BRICS Summit
The stock was up 3% to Rs 596 on the BSE in early morning trade.
The clearance indicates the formal closure of the US FDA inspection conducted in July/August, 2015
More worries for Alkem, as its Daman plant, which is under scanner, is crucial for US growth
The stock dipped 6% to Rs 562 in intra-day trade on media reports that the USFDA inspected the company's Goa facility.
Tightening of new product registration procedures also impacting industry
Company's shares were today trading at Rs 570.25 per scrip in the afternoon trade on BSE, up 0.54% from its previous close
Fortune lauded Cipla for driving prices down for much-needed medications
Base business growth in the US, and bottoming out of operating-profit margins are key positives