Key drag for the Dr Reddy's is India business. Compared to its peers, it has a low revenue share in India and that too is majorly in the acute category
Natco and Mylan believe that they are the first companies to have filed a substantially complete abbreviated new drug application containing a Para-IV certification for a 3 times per week Glatiramer Acetate Injection 40 mg/mL, and expect 180 days of marketing exclusivity in the US.
The pharma space has been in focus post Sun Pharma-Daiichi deal and the likelihood of a possible merger between Teva and Mylan globally. In an interview to CNBC-TV18, Abhishek Sharma of IIFL discusses his outlook on the sector and on specific companies.
Natco is engaged in a legal battle to launch a generic version of Teva's top-selling drug Copaxone, patent on which expires in September.
US supreme court has suggested that Appeals court did not use the right approach in analyzing whether Teva's September 2015 patent is valid or not.
"Marketing partner in the USA, Mylan Inc has filed an abbreviated new drug application (ANDA) for a three-times-a-week generic Copaxone (glatiramer acetate injection, 40 mg/ml) and has been accepted by the US Food and Drug Administration (US FDA)," said the company in its filing.
Bhaskar Narayana, Finance Director & CFO, Natco Pharma is confident of maintaining the current growth rate in terms of margins going forward.
The main booster for the stock is its victory in a patent battle against Israeli drug-giant Teva Pharmaceuticals over USD 4 billion multiple Sclerosis drug Copaxone.
US Supreme Court justice declined a request from Teva for a stay of an appeals court ruling that would strip the company's USD 4 billion-a-year multiple sclerosis drug Copaxone of patent protection in 2014, rather than in 2015.
Natco Pharma Ltd has lost a patent litigation against Israel's Teva Pharmaceutical Industries Ltd in the US over multiple sclerosis treatment drug, Copaxone.
Natco Pharma shares tumbled over 6% on Monday after a US court upheld Teva Pharmaceuticals' contention that the Indian drug maker's application for a generic version of Copaxone infringed all asserted claims of Teva, the world's largest generic drugs maker.
Bhaskar Narayana, Finance Director & CFO, Natco Pharma said that he no longer sees synergies with SaveMart Pharmacy existing. The revenue being generated from SaveMart Pharmacy is USD 18 million.
In an interview on CNBC-TV18, Bhaskar Narayana, finance director and chief financial officer at Natco Pharma said that synergies with the SaveMart Pharmacy exist no longer.