Solara has two FDA inspected manufacturing sites (Puducherry and Visakhapatnam) for Ibuprofen substance.
The stock saw a sharp upmove of 300 percent between March 2020 and July 2021, touching Rs 1,800 as COVID outbreak led to a spike in demand for its main offerings — Ibuprofen, Favipiravir and Gabapentin
Net Sales are expected to increase by 35.4 percent Y-o-Y (down 5.8 percent Q-o-Q) to Rs. 401.9 crore, according to Sharekhan.
Solara Active Pharma Sciences approved the amalgamation of Aurore Life Science, Empyrean Lifesciences and Hydra Active Pharma Sciences with itself.
"We understand from Mylan NV's press release dated January 8, 2020, that Mylan Pharmaceuticals has initiated a voluntary recall of three lots of Nizatidine Capsules, USP (150 mg and 300 mg strengths) due to detected trace amounts of impurity...," Solara Active Pharma Sciences in a filing to BSE.