Shasun Pharma is one of the key suppliers to Vertex for Hepatitis C drug -Incivek, which has received a US Food & Drug Administration (USFDA) 'Black Box' warning. This warning indicates that if one gets severe rash symptoms then the drug should be stopped using immediately.
Serco BPO has acquired the UK public sector operations arm of Vertex BPO for almost Rs 500 crore. CNBC-TV18's Kritika Saxena talks to Susir Kumar, Executive Chairman of Serco Global Business Solutions to discuss the contours of that deal.
Ashok Mittal of MD Vertex expects to see resistance for gold around USD 1,620. "For the Indian market we are recommending to sell around Rs 23,200 per 10gm, keeping a stop loss of Rs 23,300 per 10gm."
The strategy for this week is to buy silver said Ashok Mittal of MD Vertex. "We are expecting silver prices to remain bullish because they have taken very good bounce back from the lower levels."
Ashok Mittal, MD Vertex says sell gold at about Rs 21,950 per 10 grams keeping a stoploss at Rs 22,100 per 10 grams and target at around Rs 21,700 per 10 grams. “There is a good risk reversal ratio. We think that gold should remain under pressure this week.”
After keeping it in the pipeline for a very long time the US Food and Drug Administration (FDA) has given fast track approval for Telaprevir—a drug expected to be used for Hepatitis C.
The supply on the Hepatitis C drug to Vertex by Shasun Chemicals is set to take off earlier than anticipated. "Commercial supplies have already started and this year we are preparing for the launch," says Vimal Kumar, Managing Director of Shasun Chemicals, in an exclusive interview with CNBC-TV18.