Stocks To Watch, Jan 21: Stocks like L&T Finance, Sunteck Realty, Jammu and Kashmir Bank, Prakash Industries, Bank of Baroda, Torrent Power, Landmark Cars, Reliance Power, Ugro Capital, REC, Tata Consultancy Services, and Laxmi Dental will be in focus on January 21.
The approval from Moldovan Health Ministry is for Venus' antibiotic-carbapenem facility. The nod for the facility will ensure 'access to high-quality, effective, and reliable antibiotics' across the region, said Venus Remedies.
Venus Remedies said the authorization is a 'significant milestone' in its journey to strengthen presence in the high-growth market of South-East Asia.
Its total volume of exports to Ukraine stands at USD 2.20 million. By strengthening its product portfolio in Ukraine, the company aims to increase this figure by 20 per cent in the next one year, a company statement said.
Venus Remedies holds a total of 15 market authorizations for Bleomycin products across the globe.
The approved drugs include bortezomib, cisplatin, doxorubicin, docetaxel, fluorouracil, and paclitaxel, which are crucial for cancer treatment, according to a company statement.
Venus Remedies has already submitted dossiers to the Health Ministry of the Philippines movement for another 45 marketing authorisations, and most of these pending approvals are for oncology product.
"The company has secured marketing authorisation from Serbia for gemcitabine and docetaxel, widely used chemotherapy drugs beneficial in the treatment of various types of cancer," the company said in a regulatory filing.
"This exemption will not only enable us to reduce production costs but also empower us to invest more in research and development, enhancing our competitiveness and expanding our global reach," said Saransh Chaudhary, chief of research at Venus Remedies.
The company has received the marketing approval for Enoxaparin in pre-filled syringes, the drug firm said.