Sun Pharmaceutical Q1 FY25 Results: India formulation sales grew by 16.4 percent to Rs 4,144 crore, accounting for about 33.1 percent of total consolidated sales.
The US FDA inspected Sun Pharma's Dahej and issued four observations along with form-483, as per reports.
The 33 drugs includes two each from JB Chemicals and Pharmaceuticals, Eris Lifesciences, Zydus Healthcare, Cipla, Sun Pharmaceutical, and Sanofi India and one from Torrent Pharma.
As per the US Food and Drug Administration's Enforcement Report, the US-based arm of Sun Pharmaceutical Industries is recalling lots of Diltiazem Hydrochloride extended-release capsules which are used to treat angina, high blood pressure and some types of irregular heartbeats.
10,500 bottles of a generic medication used to treat serious depression are being recalled by drug producer Sun Pharma after customer complaints.
The USFDA stated that Aurobindo Pharma USA Inc, a unit of Hyderabad-based drug major, is recalling 4,33,809 vials of Cyanocobalamin injection for being a "Subpotent Drug".
Dolat Capital Market is bullish on Sun Pharmaceutical has recommended buy rating on the stock with a target price of Rs 786 in its research report dated May 28, 2021.
The Mumbai-based drug maker Lupin is recalling 11,688 bottles of Lisinopril tablets USP, 10 mg, which is used to treat high blood pressure, in the US market, as per the latest Enforcement Report by the US health regulator.
It added that in this connection, as per the company's code of conduct for prevention of insider trading, the trading window for dealing or trading in securities will remain closed with immediate effect for all directors, designated persons and insiders.
The product launched by company's wholly owned subsidiaries for the management of severe recalcitrant nodular acne in patients of 12 years of age and older, it can be taken with or without food, Sun Pharma said in a filing to BSE.
The pact is for patents related to certain compounds with potential therapeutic activity across multiple indications.
In July 2018, Sun Pharma had received approval from the US health regulator for INFUGEM injection.
"Sun Pharmaceutical Industries, Inc. (SPII), a wholly owned subsidiary of Sun Pharmaceutical Industries, Ltd. is voluntarily recalling three lots of Vecuronium Bromide for Injection, 10 mg (lyophilized powder), and one lot of Vecuronium Bromide for Injection, 20 mg (lyophilized powder) to the hospital level.
Glenmark said it is eligible for 180 days of competitive generic therapy (CGT) exclusivity upon commercialisation.
There is some caution ahead of the outcome of the RBI's monetary policy review meet which triggered profit-taking as the session progressed, suggest experts.
Trends on SGX Nifty indicate a flat-to-positive opening for the index in India, at around 8 points or 0.07 percent higher
Dinesh Rohira of 5nance.com advises traders to remain selective and use the rally to book profit
Most experts feel that this week is likely to remain volatile ahead of MPC meet outcome and outcome of state elections which is due next week.
"We are pleased to have received this approval and look forward to bringing ILUMYA to dermatologists and patients in Australia," Sun Pharma Business Head, Western Europe and Australia, Hellen De Kloet said in a statement.
A marketing campaign featuring Virat Kohli goes live today, the company said.
KRChoksey recommended accumulate rating on Sun Pharmaceutical with a target price of Rs 539 in its research report dated May 29, 2018.
As per the enforcement report for week of February 21, 2017 of the US FDA, Sun Pharmaceutical Industries Inc is recalling 17,554 bottles of Azelastine HCl Nasal Solution (Nasal Spray) 0.1 per cent (137 mcg per spray), 30 ml.
The management maintained its earlier guidance of single-digit revenue decline in FY2018 and EBITDA margin performance of 20-22% in the second half.
Hemant Thukral of Aditya Birla Money is of the view that one may prefer Dr Roddy’s Laboratories and Sun Pharmaceutical.
Ashwani Gujral of ashwanigujral.com advises buying Bharat Forge, Colgate Palmolive, Federal Bank and India Cements.