Aurobindo Pharma said it 'regularly explores' various strategic opportunities, including potential acquisitions and partnerships, which can enhance shareholder value.
R&D activities around peptides and contrast media remain the two medium-term growth drivers for the company. US tariffs are a near-term risk.
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Fermenta Biotech completed its backward integration project to produce cholesterol which can reduce its cost in the raw material basket from 45 percent to 35 percent
The move is aimed at capturing a substantial chunk of API space from China which is currently reeling under trust issues post the outbreak of the ongoing Coronavirus pandemic.
Furthermore, if the disruption spills beyond the next 9 to 12 months, some of the higher-rated corporates could face downward pressure.
"The structuring is directed towards having a sharper focus on compliance, supply chain and front-ends to provide the necessary growth impetus for its consumer facing formulations business," Strides said.
During the April-September period of 2016-17, the deficit is at USD 25.22 billion, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.
The drug major had received a warning letter on November 5, 2015 from the USFDA regarding deviations from current good manufacturing practices (CGMP) at its active pharmaceutical ingredient (API) facilities at Srikakulam, Andhra Pradesh and Miryalaguda in Telangana
Speaking to CNBC-TV18, Mukesh Naik, MD of NutraPlus told that Cadila, Wanbury, Sun Pharma and Alkem Labs are some of their major clients where the former three contribute 20 percent to the company‘s sales.
TB is a major concern in India with an estimated 2.8 million cases of the disease. Around 64,000 people have been diagnosed with MDR-TB in the country so far.
Elaborating on the capital expenditure plans during the current fiscal, he said the company is continuing to invest in enhancing finished dosage as well as active pharmaceutical ingredient (API) capacity.
Vishnukant Bhutada, MD, Shilpa Medicare said sales was low due to expansion and R&D work. He added that the past expansions will start reaping benefits from this year onwards.