Pharmexcil, the sector's leading export body, said it is prudent to stay prepared for any future policy shift and build risk-mitigation strategies.
Even as pharma exports grew in terms of volumes and value, the cloud of inadequate hygiene and safety in some pharma companies continued to hang over the industry, forcing the government to put in place more stringent inspections and processes.
After receiving the USFDA nod for its supplemental new drug application for Antara capsules on Tuesday, Lupin will now focus on building back its brand by gaining its lost market share.
In an interview to CNBC-TV18, Dheeraj Aggarwal, CFO, Venus Remedies spoke about revenue prospects of Elores, for which the company recently won patent from Japan.
Glenmark Pharma beat street expectation on Tuesday with a consolidated net profit of Rs 167 crore in Jan-March, up 11 percent from a year ago. Net sales gained 25 percent to Rs 1,335 crore.
Pharma major Lupin expects sales in the US to touch at least USD 150 million per quarter going ahead, S Ramesh, CFO, said on Tuesday.
Ranbaxy Laboratories shares gained 2 percent on Monday morning after Nomura Financial Advisory and Securities India upgraded the pharma major to "buy" from "neutral." The brokerage also raised its target price on the stock to Rs 475 from Rs 415.
Entrepreneurship is not for the faint hearted and it is about taking a leap of faith. This is what drove three young men to leave their high profile jobs to start up on their own in the USD 80 billion healthcare market in India.
Generics drugs maker Dr Reddy's Laboratories on Tuesday said it has launched Zoledronic Acid injection 4mg/5ml in the US market following approval by the US Food and Drugs Administration.