Acknowledged a subdued sentiment, Chopra is confident of JB Pharma's ability to outgrow the market ‘due to its focus on progressive categories and better execution’
JB Pharma has upbeat future growth plans, targeting operating margins in the range of 26 -28 percent and taking the share of chronic therapies in its India business to 80 percent.
The first round of bids is expected in the next few weeks and Kotak Mahindra Bank is running the sale mandate
The company reported a net profit of Rs 106 crore in the October-December period of the last fiscal.
As per IQVIA, MAT September, 2023 data, sales for these brands was at Rs 207.8 Crores.
The pharma company had reported a net profit of Rs 111.1 crore in the year-ago period.
The inspection commenced on 25 October
The CEO of JB Pharma said there was a need to augment diagnosis of cardiovascular diseases in India. He said one in four hypertension patients remains undiagnosed.
The industry leaders have pitched for re-evaluating India’s role in the global pharmaceuticals sector with innovation and technology as cornerstone.
The company has slashed the price of Azmarda (Saccubutril-Valsartan), 50 mg, to Rs 39.6 per tablet as against Rs 78 per tablet earlier