Cipla Ltd.’s revenues slipped 3% to INR35.25bn ($549.5m) in the first quarter ended June impacted by disruption on account of implementation of India’s new Goods and Services Tax (GST) regime, but the firm's US business appears poised for a pick up backed by anticipated niche generic launches. Profit after tax rose 21% to INR4.09bn.
Cipla said it was on target to ramp-up its launch trajectory in the US and indicated that its base business out of the US was now averaging roughly $100m per...
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?