During the quarter, its total operating income jumped 18.5 percent to Rs 371.60 crore from Rs 313.53 crore in the same period last fiscal.
Since drugs such as penicillin are so widely used - if not abused - the bacteria they fight are now mutating and becoming resistant.
Aurobindo Pharma on Thursday said it has received final approval from US Food and Drugs Administration to manufacture and market Nafcillin for Injection packaged in 1g and 2g vials and Nafcillin for Injection in 10g/vial pharmacy bulk package.
Shares of Orchid Chemicals were on the rise after the pharmaceutical company sold its penicillin and penem business to US-based Hospira Inc for USD 200 million.
In what might be the greatest medical discovery since penicillin, scientists have developed a broad-spectrum drug which they claim can cure everything -- from the common cold to HIV to almost any other virus one can think of.
Dr Reddys Laboratories touched an intraday high of Rs 1,644.65 and an intraday low of Rs 1,616. At 11:12 hrs the share was quoting at Rs 1,632.50, up Rs 34.10, or 2.13%. The company has announced completion of the acquisition of US penicillin facility and products from GlaxoSmithKline.