Shasun Pharmaceuticals falls on Vertex drug warning

SHASUN-PHARMACEUTICALS-FALLS:Shasun Pharmaceuticals falls on Vertex drug warning
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Dec 20, 2012, 04.19 PM | Source: Reuters

Shasun Pharmaceuticals falls on Vertex drug warning

SHASUN-PHARMACEUTICALS-FALLS:Shasun Pharmaceuticals falls on Vertex drug warning

Like this story, share it with millions of investors on M3

Shasun Pharmaceuticals falls on Vertex drug warning

SHASUN-PHARMACEUTICALS-FALLS:Shasun Pharmaceuticals falls on Vertex drug warning

Post Your Comments

Share Cancel

Reuters Market Eye - Shasun Pharmaceuticals falls 6 percent after its Vertex Pharmaceuticals warned on Wednesday its hepatitis C drug Incivek, which is used in conjunction with two other products, can cause serious, potentially fatal skin reactions.

Shasun has a long-term agreement with Vertex for supply of active pharmaceutical ingredient for the Hepatitis C drug.

"There would be incremental impact on Shasun as about 25 percent of FY13 profits were expected to come in from Incivek supply," said Surya Patra, an analyst tracking the sector at Systematix Shares & Stocks.

(Reporting by Abhishek Vishnoi)

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Shasun Pharmaceuticals falls on Vertex drug warning

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login