Had this ban not come through, Ranbaxy would have launched Diovan and Nexium generic from Toansa facility - that is procured API from Toansa unit and formulated in Ohm Laboratories in the US. But now if it has to depend on a third party for API, then product launches can get delayed by 6-12 months.
Toansa is the fourth unit of the company which is banned and added to consent decree. With this, all of the company's India-based plants supplying to US are banned. Its Ohm Laboratories, the only plant which has USFDA approval, manufactures drugs using API from Toansa.
Bino Pathiparampil, vice president research, Institutional Equities picks Sun Pharma as his top pick in the sector, but is cautious on Lupin as he sees some headwinds for the stock over the next two years.
Bino Pathiparampil of IIFL Capital told CNBC-TV18 that there has been a major rally in the sector over the last couple of years. Thus, many of the stocks went up 20 percent in the last couple of months itself.
Expect 20% return in Sun Pharma, says Bino Pathiparampil, IIFL Institutional Equities.
Cash flow improvement may lead to Glenmark re-rating, says Bino Pathiparampil, IIFL Institutional Equities.
According to pharma analyst Bino Pathiparampil of IIFL Institutional Equities Sun Pharma could make USD 100 million from Doxil.
Concentrating on the pharma space, Bino Pathiparampil of IIFL Capital told CNBC-TV18 the success of Biocon‘s oral insulin product deal would be a positive for the company. He also has a buy on Dr Reddy‘s and believes it should give a 25 percent plus upside in the next one year.
Bino Pathiparampil of IIFL is bullish on Dr. Reddy‘s, Divi‘s Laboratories and Torrent Pharma. These stocks have attractive valuations and strong growth prospects. "These three stocks have good upside even in this market," he told CNBC-TV18.
In an interview to CNBC-TV18 Bino Pathiparampil of IIFL shared his expectation from various pharmaceutical companies ahead for their earnings.
Although the rupee depreciation has been a cause of concern for the economy, pharma companies are going to benefit from it and post good earnings this quarter, believes Bino Pathiparampil, Vice President Research, Institutional Equities, IIFL.
In an interview to CNBC-TV18, Bino Pathiparampil, vice president, IIFL Capital analyses the pharma sector wherein he reviews specific stocks like Sun Pharma and Cadila.
Bino Pathiparampil of IIFL takes CNBC-TV18’s investors through the pharma sector where he looks at select stocks like Ranbaxy, Sun Pharma, Cipla, Lupin, and Wockhardt.
Pharmaceutical stocks have been one of the strongest performers over the last few days. In an interview with CNBC-TV18, Bino Pathiparampil, vice president, IIFL Capital said, he is positive on Dr Reddy’s, Cadila and Sun Pharma.
Dr Reddys Laboratories is looking cheap, says Bino Pathiparampil, Vice President of IIFL Capital.
Glenmark’s domestic business is doing pretty well, growing reasonably well, good margins and cash generating business, says Bino Pathiparampil, Vice President of IIFL Capital.
Ranbaxy Laboratories is looking expensive at these levels, says Bino Pathiparampil, Vice President of IIFL Capital.
In an interview with CNBC-TV18, Bino Pathiparampil, vice president of IIFL Capital, spoke about the latest happenings in the pharma space and his call various stocks.