At 10:00 am, shares of Strides Shasun were trading 1 per cent higher at Rs 1,100. It hit a low of Rs 1,085 and a high of Rs 1,109 in the first 60 minutes of trade.
An import alert means that the drugs manufactured at the plant cannot be sold in the US markets.
FDA had listed nine observations related to processes followed at the plant, which Wockhardt later clarified were not of a serious nature.
Lupin will manufacture Merck Serono’s $1.5 billion worth branded mature drugs at its facilities. The company will also get marketing rights for the drugs.
The decision by the Supreme Court comes at a time when Teva is switching its daily version of Copaxone to twice a week version.
Post the deal, Goldman Sachs still owns over 1 crore shares in the telecom tower company. Before the deal, it held 2.25 crore shares.
Mumbai based pharmaceutical giant Cipla came under the scanner of the income tax authorities for alleged tax evasion.
Shares of Natco Pharma surged higher after the US Supreme Court rejected rival Teva Pharma’s request for stay on Copaxone drug.
Kanpur-based JK Cements is likely to raise up to Rs 200 crore from institutional investors via QIP in the next two weeks, say sources.
BT holds 9.09% stake or 1.16 crore shares in Tech Mahindra and is now looking to exit the company with its third and final installment of sale.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon