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Operational Fixes At Cipla But All Eyes On Generic Advair

 
• By Anju Ghangurde

Cipla is implementing certain operational fixes and tweaks in its European and emerging markets businesses as it emerges from a weak fourth quarter that saw profits fall sharply, but limited visibility around the firm's Advair generic in certain key markets appeared to fluster some investors.

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Cipla Ltd. reported a 68.9% slump in profits to INR810m ($11.9m) in the fourth quarter ended March 2016 impacted by one-off costs including those associated with "complexity reduction", while revenues rose by 5.6% to INR32.67bn. Profits and revenues for the year ended March stood at INR15.06bn (+27.5%) and INR136.78bn (+20.6%) respectively.

At the post results investor call, Cipla's global chief operating officer, Umang Vohra, said that the company was proactively "simplifying"...

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