Emcure Pharma plans to launch $400-500 million IPO in 2024, hires Kotak.
Source: livemint.com The development revives the listing plans for Emcure Pharmaceuticals which it shelved as the Russia’s invasion of Ukraine disrupted global markets. Emcure Pharmaceuticals is planning to raise $400-500 million from initial public offering (IPO) in 2024, news agency Reuters quoted two sources on Monday. The development revives the listing plans for the pharmaceutical company which […]
Nirma buys 75% stakes In Glenmark Life Sciences to make Glenmark Pharma debt-free
Source: Business Today Detergent soap maker Nirma has acquired a 75 per cent stake in Glenmark Life Sciences at an enterprise value of about Rs 7,500 crore in a deal reflective of a rising investment interest in healthcare and pharmaceutical industry, one of the world’s fastest-growing sectors. Glenmark Pharmaceuticals has entered into a share purchase […]
Cabinet gives nod to Rs 9,589 crore FDI in Suven Pharma
Source: ZeeBusiness The proposal, evaluated by regulators and relevant agencies including SEBI, the RBI and the CCI, is subject to the fulfillment of applicable rules and regulations. The government on Wednesday approved a foreign direct investment (FDI) proposal worth up to Rs 9,589 crore in Suven Pharmaceuticals by Cyprus-based Berhyanda Ltd. As per the proposal, […]
Lupin, Cipla and Aurobindo: Axis Securities advises to buy these 3 pharma firms after Q1 earnings – key reasons
Source: mintgenie.livemint.com In the June quarter (Q1FY24), the pharma space posted robust revenue growth on account of volume ramp-up, new launches (especially Revlimid), and stabilising pricing pressure in the US base business, said brokerage house Axis Securities in a review note. The brokerage’s pharma coverage universe posted a 20.5 percent YoY rise in revenue for […]
Here’s how India’s G20 presidency can help the country’s huge pharma sector.
Source: businesstoday.in As the pharmacy of the world, the G20 presidency offers India’s healthcare and pharma industry a golden opportunity to foster global collaborations and take it to new heights. The covid-19 pandemic in 2020 was an unexpected boon for India’s drugs and pharmaceuticals industry: foreign direct investment (FDI) shot up by 188 per cent […]
Navigating the Complex Landscape of Regulatory Compliance
Introduction In an interconnected and rapidly evolving global business environment, regulatory compliance has emerged as a cornerstone for maintaining integrity, ethical conduct, and operational sustainability across industries. Regulatory compliance refers to adhering to laws, regulations, standards, and guidelines that govern specific sectors or activities. Whether in finance, healthcare, data privacy, or environmental protection, compliance ensures […]
The Flourishing Pharma Industry in India: A Pillar of Healthcare
Introduction The pharmaceutical industry in India has undergone a remarkable transformation over the years, evolving from a modest beginning to becoming a global powerhouse in the field of medicine and healthcare. With its robust manufacturing capabilities, diverse product portfolio, and focus on innovation, the Indian pharma industry has not only met domestic healthcare needs but […]