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Cipla Sees Changed Profile; Wraps Up Europe Revamp

 
• By Anju Ghangurde

Cipla's management sees the firm's profile changing as it scales up its US business with new launches and a step-up in product filing intensity. The Indian company is also "largely done" with a restructuring in Europe that saw a significant cutback in personnel but is expected to make the European business profit-accretive.

Cipla Ltd.’s admitted its smaller presence in the US compared with certain Indian peers may be dragging down its earnings, but expects its recent acquisition there, a ramp up in product filings and new product roll-outs to change things.

At the firm's 80th annual general meeting in Mumbai, Cipla's managing director and global CEO, Umang Vohra, said that the...

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