Pharmaceuticals Financial News

older Americans will pay when they fill those prescriptions. White House officials said Wednesday night they expect U.S. taxpayers to save $6 billion on the new prices, while older Americans could save roughly $1.5 billion on their medications. Those projections, however, were based on dated estimates and the administration shared no details as to how they arrived at the figures. Nonetheless, the newly negotiated prices — still elusive to the public as of early Thursday morning — will impact the price of drugs used by millions of older Americans to help manage diabetes, blood cancers and prevent heart failure or blood clots.

Pfizer's CEO Albert Bourla is trying to reposition the global pharmaceutical giant for a post-pandemic world

Biocon with a target price of Rs 385. The current market price of Biocon Ltd. is Rs 336.25. Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 40454.22 Crore) operating in Pharmaceuticals sector.

Zydus Lifesciences reported a net profit jump of 31% to Rs 1420 crore in Q1FY25 led by robust sales growth in India and US markets. The drug maker had reported a net profit of Rs 1,087 crore in the April-June quarter of last fiscal.

Federal health officials have declined to approve the psychedelic drug MDMA as a therapy for PTSD

U.S. health officials have approved the first nasal spray to treat severe allergic reactions, offering an alternative to injectable products like EpiPen

Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:

global factors like sharper-than-expected weakening of the US labor market, unwinding of Yen carry trades and rising geopolitical tensions in the Middle East, FIIs withdrew $1.3 billion from the Indian stock market in the week. However, buying of around $2.2 billion worth of equities by domestic institutional investors last week limited the downside on Dalal Street. Sensex ended 1.6% lower on a weekly basis as global markets recouped losses after ' Black Monday' sell-off.

EID Parry(India)Ltd.(up 1.98%), Magadh Sugar & Energy Ltd.(up 1.13%), Rana Sugars Ltd.(up 0.81%), Dalmia Bharat Sugar and Industries Ltd.(up 0.72%), Shree Renuka Sugars Ltd.(up 0.72%), Balrampur Chini Mills Ltd.(up 0.44%), Dhampur Sugar Mills Ltd.(up 0.40%), KCP Sugar & Industries Corporation Ltd.(up 0.38%), Ugar Sugar Works Ltd.(up 0.37%) and Triveni Engineering & Industries Ltd.(up 0.30%) stood among the top gainers.

PSU stocks, and other export-oriented industries. They attribute potential declines to stretched valuations, a looming economic crisis in the US, reverse yen carry trades, and geopolitical flare-ups. In the past week, global markets have experienced a significant sell-off due to disappointing economic data from the US, the Bank of Japan's unexpected 25 bps rate hike, and the assassination of Hamas Political Bureau chief Ismail Haniyeh in Tehran.

Mint's queries. “A legal notice to this effect has been issued to the relevant parties." Queries sent to the Hiremaths remained unanswered till press time.

Shares of Alkem Laboratories Ltd.(up 3.18 per cent), Lupin Ltd.(up 2.83 per cent), Natco Pharma Ltd.(up 2.5 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 1.58 per cent) and Ipca Laboratories Ltd.(up 1.56 per cent) ended the day as top gainers in the pack.

Hurun India most valuable family businesses, the top three family business’ interests are valued at $460 billion, equivalent to the GDP of Singapore. The list reveals that the top three Indian business families include the Ambani, Bajaj, KM Birla, with the Bajaj family valued at Rs 7.13 lakh crore and the Birla family at Rs 5.39 lakh crore. The Ambani family tops the list with Rs 2.57 lakh crore. However, the Adani-led energy conglomerate, with a value of Rs 15.45 crore did not feature in the top 10, as it is a first-generation family business. The Adani family leads in the first-generation entrepreneur category with a valuation of Rs15.45 lakh crore. The combined value of the 2024 list stands at Rs130 lakh crore, surpassing the GDPs of countries like Switzerland and the UAE. The top three family businesses alone account for Rs46 lakh crore, equivalent to Singapore's GDP.

Nifty FMCG and Nifty Pharma have returned 8% and 7.7%, respectively, compared to a 0.11% decline in the broader Nifty. In the 20-stock Nifty Pharma index, 16 stocks have posted positive returns. Of these, five have delivered double-digit returns: Granules India (23.43%), Gland Pharma (14.57%), Torrent Pharmaceuticals (11.69%), Ipca Laboratories (10.72%), and Natco Pharma (10.26%).

Stocks that traded heavily or had substantial price changes on Tuesday: CSX, Caterpillar rise; ZoomInfo, Teradata fall

Gland Pharma Ltd.(up 3.65 per cent), Natco Pharma Ltd.(up 2.57 per cent), Sanofi India Ltd.(up 2.06 per cent), Ipca Laboratories Ltd.(up 2.02 per cent) and Glenmark Pharmaceuticals Ltd.(up 2.01 per cent) were among the top gainers.

Advent International plans to tap the capital markets to list portfolio company Manjushree Technopack Ltd, India's largest rigid plastic packaging solution provider, said people aware of the development. A successful listing will help monetise a part of Advent's six-year investment in the entity that counts brands such as Coke, Pepsi and Bisleri among its customers. The private equity group has hired JM Financial, ICICI Securities, Avendus Capital and Goldman Sachs to manage the IPO. It had hired Avendus and Goldman Sachs earlier this December to find potential buyers for Manjushree.

Shares of Granules India Ltd.(up 2.32 per cent), Divi's Laboratories Ltd.(up 1.5 per cent), Dr. Reddy's Laboratories Ltd.(up 1.11 per cent), Sun Pharmaceutical Industries Ltd.(up 0.96 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 0.78 per cent) ended the day as top gainers in the pack.

KCP Sugar & Industries Corporation Ltd.(up 1.91%), Kothari Sugars & Chemicals Ltd.(up 0.31%), Rajshree Sugars & Chemicals Ltd.(up 0.25%), Rana Sugars Ltd.(up 0.17%) and Simbhaoli Sugars Ltd.(up 0.04%) stood among the top gainers.

Granules India Ltd.(up 1.83 per cent), Zydus Lifesciences Ltd.(up 1.25 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 1.07 per cent), Biocon Ltd.(up 0.92 per cent) and Sun Pharmaceutical Industries Ltd.(up 0.69 per cent) were among the top gainers.

India has offered Vietnam a $300 million loan to build up the Southeast Asian country's maritime security, as the two sides say they want to double their trade and investment within five years