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Recent events
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Corporate Actions
Strides Pharma Science, Arco Lab Approve Demerger Of Identified Business Of Arco Lab
March 19 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE - CO, ARCO LAB APPROVE DEMERGER OF IDENTIFIED BUSINESS OF ARCO LAB
Source text: ID:nNSEbkyWGB
Further company coverage: SRID.NS
(([email protected];))
March 19 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE - CO, ARCO LAB APPROVE DEMERGER OF IDENTIFIED BUSINESS OF ARCO LAB
Source text: ID:nNSEbkyWGB
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science Unit Proposes To Acquire 100% Stake In Amexel
March 14 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - UNIT PROPOSED TO ACQUIRE 100% STAKE IN AMEXEL PTE. LTD.
STRIDES PHARMA SCIENCE LTD - UNIT PROPOSES TO CREATE BUSINESS PLATFORM IN SOUTHEAST ASIA
Source text: ID:nBSE5Grkf4
Further company coverage: SRID.NS
(([email protected];))
March 14 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - UNIT PROPOSED TO ACQUIRE 100% STAKE IN AMEXEL PTE. LTD.
STRIDES PHARMA SCIENCE LTD - UNIT PROPOSES TO CREATE BUSINESS PLATFORM IN SOUTHEAST ASIA
Source text: ID:nBSE5Grkf4
Further company coverage: SRID.NS
(([email protected];))
Indian pharma stocks gain after US resumes funding HIV treatments
** Shares of Indian Pharma companies which make drugs for HIV rise between 2% to 13%
** U.S. decides to resume funding HIV treatment after pausing the foreign aid on Jan. 26
** Strides Pharma SRID.NS up 13%, Laurus Labs LAUL.NS rise 8%, Aurobindo Pharma ARBN.NS rise 3% and Cipla CIPL.NS up 2%
** Strides, which reported 77% rise in Q3 profit earlier in the day, is top gainer on the pharma index .NIPHARM which is up 1%
** Since Jan. 26, LAUL down 10% and SRID fell 5% as of last close, while SRID was largely flat and Cipla was up 1%
(Reporting by Nishit Navin)
(([email protected];))
** Shares of Indian Pharma companies which make drugs for HIV rise between 2% to 13%
** U.S. decides to resume funding HIV treatment after pausing the foreign aid on Jan. 26
** Strides Pharma SRID.NS up 13%, Laurus Labs LAUL.NS rise 8%, Aurobindo Pharma ARBN.NS rise 3% and Cipla CIPL.NS up 2%
** Strides, which reported 77% rise in Q3 profit earlier in the day, is top gainer on the pharma index .NIPHARM which is up 1%
** Since Jan. 26, LAUL down 10% and SRID fell 5% as of last close, while SRID was largely flat and Cipla was up 1%
(Reporting by Nishit Navin)
(([email protected];))
Strides Pharma Science Receives USFDA Approval For Acetaminophen And Ibuprofen Tablets
Jan 20 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - RECEIVES USFDA APPROVAL FOR ACETAMINOPHEN AND IBUPROFEN TABLETS
STRIDES PHARMA SCIENCE LTD - APPROVAL WILL ENHANCE STRIDES' OTC PRODUCT PORTFOLIO
Source text: ID:nBSEbPMJqh
Further company coverage: SRID.NS
(([email protected];;))
Jan 20 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - RECEIVES USFDA APPROVAL FOR ACETAMINOPHEN AND IBUPROFEN TABLETS
STRIDES PHARMA SCIENCE LTD - APPROVAL WILL ENHANCE STRIDES' OTC PRODUCT PORTFOLIO
Source text: ID:nBSEbPMJqh
Further company coverage: SRID.NS
(([email protected];;))
Strides Pharma Science Says Receipt Of NCLT Approval For Creation Of Onesource
Nov 19 (Reuters) - Strides Pharma Science Ltd SRID.NS:
RECEIPT OF NCLT APPROVAL FOR CREATION OF ONESOURCE
FOLLOWING APPROVAL, ONESOURCE WILL ADVANCE TOWARDS LISTING ITS SHARES
Source text: ID:nNSE69gFWY
Further company coverage: SRID.NS
(([email protected];;))
Nov 19 (Reuters) - Strides Pharma Science Ltd SRID.NS:
RECEIPT OF NCLT APPROVAL FOR CREATION OF ONESOURCE
FOLLOWING APPROVAL, ONESOURCE WILL ADVANCE TOWARDS LISTING ITS SHARES
Source text: ID:nNSE69gFWY
Further company coverage: SRID.NS
(([email protected];;))
Strides Pharma Science Unit Buys Remaining Stake In Strides Switzerland For CHF 1.01 Mln
Oct 25 (Reuters) - Strides Pharma Science Ltd SRID.NS:
UNIT SPG ACQUIRES REMAINING STAKE IN STRIDES SWITZERLAND FOR CHF 1.01 MILLION
Source text for Eikon: ID:nBSE3YQjWM
Further company coverage: SRID.NS
(([email protected];))
Oct 25 (Reuters) - Strides Pharma Science Ltd SRID.NS:
UNIT SPG ACQUIRES REMAINING STAKE IN STRIDES SWITZERLAND FOR CHF 1.01 MILLION
Source text for Eikon: ID:nBSE3YQjWM
Further company coverage: SRID.NS
(([email protected];))
India's Strides Pharma gains on posting Q2 profit
** Shares of Strides Pharma Science SRID.NS rise 2.5% to 1,599.5 rupees
** The pharma co posted a consolidated net profit of 932.3 mln rupees ($11 mln) vs a loss of 1.31 bln rupees a year ago
** Rev from ops rose 20% Y/Y
** More than 385,000 shares change hands, 1.1x its 30 day avg
** Stock has surged over two-fold so far this year
($1 = 84.0510 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Strides Pharma Science SRID.NS rise 2.5% to 1,599.5 rupees
** The pharma co posted a consolidated net profit of 932.3 mln rupees ($11 mln) vs a loss of 1.31 bln rupees a year ago
** Rev from ops rose 20% Y/Y
** More than 385,000 shares change hands, 1.1x its 30 day avg
** Stock has surged over two-fold so far this year
($1 = 84.0510 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Strides Pharma Science Says Onesource Gets Equity Commitments Of 8.01 Bln Rupees
Oct 16 (Reuters) - Strides Pharma Science Ltd SRID.NS:
ONESOURCE RECEIVES EQUITY COMMITMENTS OF 8.01 BILLION RUPEES
COMMITMENTS FROM MARQUEE INVESTORS AT PRE-MONEY EQUITY VALUATION OF $1.65 BILLION
Source text for Eikon: ID:nBSE7MJ6X7
Further company coverage: SRID.NS
(([email protected];;))
Oct 16 (Reuters) - Strides Pharma Science Ltd SRID.NS:
ONESOURCE RECEIVES EQUITY COMMITMENTS OF 8.01 BILLION RUPEES
COMMITMENTS FROM MARQUEE INVESTORS AT PRE-MONEY EQUITY VALUATION OF $1.65 BILLION
Source text for Eikon: ID:nBSE7MJ6X7
Further company coverage: SRID.NS
(([email protected];;))
Strides Pharma Science Says RBI Levies Compounding Amount Of 15.1 Million Rupees On Co
Sept 17 (Reuters) - Strides Pharma Science Ltd SRID.NS:
RBI HAS LEVIED COMPOUNDING AMOUNT OF 15.1 MILLION RUPEES ON COMPANY
ORDER IN MATTER OF GRANT OF STOCK OPTONS TO NONRESIDENT EMPLOYEE
Further company coverage: SRID.NS
(([email protected];))
Sept 17 (Reuters) - Strides Pharma Science Ltd SRID.NS:
RBI HAS LEVIED COMPOUNDING AMOUNT OF 15.1 MILLION RUPEES ON COMPANY
ORDER IN MATTER OF GRANT OF STOCK OPTONS TO NONRESIDENT EMPLOYEE
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science Gets USFDA Approval For Fluoxetine Tabs 60 Mg
Sept 16 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - RECEIVES USFDA APPROVAL FOR FLUOXETINE TABS 60 MG
Source text for Eikon: ID:nBSEf6hKM
Further company coverage: SRID.NS
(([email protected];))
Sept 16 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - RECEIVES USFDA APPROVAL FOR FLUOXETINE TABS 60 MG
Source text for Eikon: ID:nBSEf6hKM
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science Gets USFDA Approval For Theophylline Extended-Release Tablet
Sept 6 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - GETS USFDA APPROVAL FOR THEOPHYLLINE EXTENDED-RELEASE TABLET
Source text for Eikon: ID:nBSE3w42Yc
Further company coverage: SRID.NS
(([email protected];))
Sept 6 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - GETS USFDA APPROVAL FOR THEOPHYLLINE EXTENDED-RELEASE TABLET
Source text for Eikon: ID:nBSE3w42Yc
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science June-Quarter Consol Net Profit 702 Mln Rupees
July 29 (Reuters) - Strides Pharma Science Ltd SRID.NS:
INDIA’S STRIDES PHARMA SCIENCE JUNE-QUARTER CONSOL NET PROFIT 702 MILLION
STRIDES PHARMA SCIENCE JUNE-QUARTER CONSOL REVENUE FROM CONTINUING OPERATIONS 10.88 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SRID.NS
(([email protected];))
July 29 (Reuters) - Strides Pharma Science Ltd SRID.NS:
INDIA’S STRIDES PHARMA SCIENCE JUNE-QUARTER CONSOL NET PROFIT 702 MILLION
STRIDES PHARMA SCIENCE JUNE-QUARTER CONSOL REVENUE FROM CONTINUING OPERATIONS 10.88 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SRID.NS
(([email protected];))
India's Strides Pharma jumps after reporting Q4 profit
** Shares of Strides Pharma Science SRID.NS up 7.8% at 911.75 rupees after rising as much as 8.7% earlier
** Pharmaceutical co reports Q4 consolidated net profit at 181.8 mln rupees ($2.2 mln) vs loss of 95.4 mln rupees yr ago
** Rev from ops rose 9.9% Y/Y
** Stock is witnessing its most active trading session since Feb. 14, with more than 1.6 mln shares changing hands, 5.8x of 30-day avg
** Co sees continuing business revenue to grow at 12-15% Y/Y for FY25
** Says its U.S. business revenue to be in $285 mln-$300 mln range for FY25
** Stock rose ~21% in March quarter, its fourth straight quarterly rise
($1 = 83.2502 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Strides Pharma Science SRID.NS up 7.8% at 911.75 rupees after rising as much as 8.7% earlier
** Pharmaceutical co reports Q4 consolidated net profit at 181.8 mln rupees ($2.2 mln) vs loss of 95.4 mln rupees yr ago
** Rev from ops rose 9.9% Y/Y
** Stock is witnessing its most active trading session since Feb. 14, with more than 1.6 mln shares changing hands, 5.8x of 30-day avg
** Co sees continuing business revenue to grow at 12-15% Y/Y for FY25
** Says its U.S. business revenue to be in $285 mln-$300 mln range for FY25
** Stock rose ~21% in March quarter, its fourth straight quarterly rise
($1 = 83.2502 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
India's Strides Pharma up after US FDA nod for kidney disease drug
** Shares of Strides Pharma Science SRID.NS are up around 2%
** SRID gets US FDA approval for Sevelamer Carbonate tablets, used to manage elevated phosphate levels in blood of patients with chronic kidney disease
** Stock is set to post its worst week since early Jan, down 4% for the week
** SRID up 31% YTD vs a 11% rise in Nifty Pharma Index .NIPHARM
(Reporting by Nishit Navin)
(([email protected];))
** Shares of Strides Pharma Science SRID.NS are up around 2%
** SRID gets US FDA approval for Sevelamer Carbonate tablets, used to manage elevated phosphate levels in blood of patients with chronic kidney disease
** Stock is set to post its worst week since early Jan, down 4% for the week
** SRID up 31% YTD vs a 11% rise in Nifty Pharma Index .NIPHARM
(Reporting by Nishit Navin)
(([email protected];))
Strides Pharma Science Says Unit Receives USFDA Approval For Fluoxetine Tabs
April 9 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES RECEIVES USFDA APPROVAL FOR FLUOXETINE TABS 10 MG AND 20 MG
Source text for Eikon: ID:nBSE6GNL4V
Further company coverage: SRID.NS
(([email protected];))
April 9 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES RECEIVES USFDA APPROVAL FOR FLUOXETINE TABS 10 MG AND 20 MG
Source text for Eikon: ID:nBSE6GNL4V
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science Proposes To Consolidate Group's South African Business Under Trinity Pharma (Proprietary), South Africa
March 29 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - PROPOSES TO CONSOLIDATE GROUP'S SOUTH AFRICAN BUSINESS UNDER TRINITY PHARMA (PROPRIETARY) LIMITED, SOUTH AFRICA
Source text for Eikon: ID:nBSE15mLyg
Further company coverage: SRID.NS
(([email protected];;))
March 29 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - PROPOSES TO CONSOLIDATE GROUP'S SOUTH AFRICAN BUSINESS UNDER TRINITY PHARMA (PROPRIETARY) LIMITED, SOUTH AFRICA
Source text for Eikon: ID:nBSE15mLyg
Further company coverage: SRID.NS
(([email protected];;))
Strides Pharma Science Says Insolvency Resolution Against Strides Alathur Stands Stayed
March 28 (Reuters) - Strides Pharma Science Ltd SRID.NS:
CORPORATE INSOLVENCY RESOLUTION PROCESS AGAINST STRIDES ALATHUR STANDS STAYED BY APPELLATE TRIBUNAL
Source text for Eikon: ID:nBSE7qH1Gm
Further company coverage: SRID.NS
(([email protected];))
March 28 (Reuters) - Strides Pharma Science Ltd SRID.NS:
CORPORATE INSOLVENCY RESOLUTION PROCESS AGAINST STRIDES ALATHUR STANDS STAYED BY APPELLATE TRIBUNAL
Source text for Eikon: ID:nBSE7qH1Gm
Further company coverage: SRID.NS
(([email protected];))
India's Strides Pharma rises on USFDA nod for Gabapentin tablets
** Shares of Strides Pharma Science SRID.NS up 2.3%
** Stock roses as much as 4.8% to day's high of 834.6 rupees
** Pharmaceutical co's unit received U.S. FDA approval for Gabapentin Tablets USP, 600 mg and 800 mg
** It is a commonly used medication for the treatment of neuropathic pain caused by diabetic neuropathy, postherpetic neuralgia, and central pain
** The product is bioequivalent to the reference-listed drug Neurontin Tablets, 600 mg and 800 mg, from Viatris Specialty LLC, co added
** The drug will be manufactured at Strides' Puducherry facility
** Stock is up 25.4% so far this year; after rising 85.6% in 2023
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Strides Pharma Science SRID.NS up 2.3%
** Stock roses as much as 4.8% to day's high of 834.6 rupees
** Pharmaceutical co's unit received U.S. FDA approval for Gabapentin Tablets USP, 600 mg and 800 mg
** It is a commonly used medication for the treatment of neuropathic pain caused by diabetic neuropathy, postherpetic neuralgia, and central pain
** The product is bioequivalent to the reference-listed drug Neurontin Tablets, 600 mg and 800 mg, from Viatris Specialty LLC, co added
** The drug will be manufactured at Strides' Puducherry facility
** Stock is up 25.4% so far this year; after rising 85.6% in 2023
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Strides Pharma Science Dec-Qtr Consol Net Profit 496.7 Mln Rupees
Jan 30 (Reuters) - Strides Pharma Science Ltd SRID.NS:
INDIA’S STRIDES PHARMA SCIENCE DEC-QUARTER CONSOL NET PROFIT 496.7 MILLION RUPEES VERSUS LOSS 800.3 MILLION RUPEES
STRIDES PHARMA SCIENCE DEC-QUARTER CONSOL REVENUE FROM CONTINUING OPERATIONS 10.38 BILLION RUPEES VERSUS 8.65 BILLION RUPEES
Source text for Eikon: ID:nBSE2NPxSM
Further company coverage: SRID.NS
(([email protected];))
Jan 30 (Reuters) - Strides Pharma Science Ltd SRID.NS:
INDIA’S STRIDES PHARMA SCIENCE DEC-QUARTER CONSOL NET PROFIT 496.7 MILLION RUPEES VERSUS LOSS 800.3 MILLION RUPEES
STRIDES PHARMA SCIENCE DEC-QUARTER CONSOL REVENUE FROM CONTINUING OPERATIONS 10.38 BILLION RUPEES VERSUS 8.65 BILLION RUPEES
Source text for Eikon: ID:nBSE2NPxSM
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science Unit To Divest 100% Stake In Eris Pharma GmbH, Germany
Jan 11 (Reuters) - Strides Pharma Science Ltd SRID.NS:
UNIT ENTERED INTO A SHARE PURCHASE AGREEMENT FOR DIVESTMENT OF 100% SHAREHOLDING IN ERIS PHARMA GMBH, GERMANY
DEAL FOR EURO 200,000
Source text for Eikon: ID:nBSE3vsMl7
Further company coverage: SRID.NS
(([email protected];))
Jan 11 (Reuters) - Strides Pharma Science Ltd SRID.NS:
UNIT ENTERED INTO A SHARE PURCHASE AGREEMENT FOR DIVESTMENT OF 100% SHAREHOLDING IN ERIS PHARMA GMBH, GERMANY
DEAL FOR EURO 200,000
Source text for Eikon: ID:nBSE3vsMl7
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science Unit Acquires Additional Stake In Neviton Softech
Jan 5 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - UNIT ACQUIRED ADDITIONAL STAKE IN NEVITON SOFTECH
Source text for Eikon: ID:nBSEb0zDJ7
Further company coverage: SRID.NS
(([email protected];;))
Jan 5 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - UNIT ACQUIRED ADDITIONAL STAKE IN NEVITON SOFTECH
Source text for Eikon: ID:nBSEb0zDJ7
Further company coverage: SRID.NS
(([email protected];;))
Strides Pharma Science Says Unit Availed Credit Facility From A Division Of Investec Bank, South Africa
Dec 21 (Reuters) - Strides Pharma Science Ltd SRID.NS:
UNIT AVAILED CREDIT FACILITY FROM A DIVISION OF INVESTEC BANK, SOUTH AFRICA
UNIT AVAILED CREDIT FACILITY FOR THEIR WORKING CAPITAL REQUIREMENTS
Further company coverage: SRID.NS
(([email protected];))
Dec 21 (Reuters) - Strides Pharma Science Ltd SRID.NS:
UNIT AVAILED CREDIT FACILITY FROM A DIVISION OF INVESTEC BANK, SOUTH AFRICA
UNIT AVAILED CREDIT FACILITY FOR THEIR WORKING CAPITAL REQUIREMENTS
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science Launches Icosapent Ethyl Acid Soft Gel Capsules In Partnership With Amneal
Dec 1 (Reuters) - Strides Pharma Science Ltd SRID.NS:
LAUNCHES ICOSAPENT ETHYL ACID SOFT GEL CAPSULES IN PARTNERSHIP WITH AMNEAL
Source text for Eikon: [ID:]
Further company coverage: SRID.NS
(([email protected];))
Dec 1 (Reuters) - Strides Pharma Science Ltd SRID.NS:
LAUNCHES ICOSAPENT ETHYL ACID SOFT GEL CAPSULES IN PARTNERSHIP WITH AMNEAL
Source text for Eikon: [ID:]
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science- Gets USFDA Approval For Generic Suprep Bowel Prep Kit
Nov 23 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD- RECEIVES USFDA APPROVAL FOR GENERIC SUPREP BOWEL PREP KIT
Source text for Eikon: ID:nNSE50tqjt
Further company coverage: SRID.NS
(([email protected];))
Nov 23 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD- RECEIVES USFDA APPROVAL FOR GENERIC SUPREP BOWEL PREP KIT
Source text for Eikon: ID:nNSE50tqjt
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science Got USFDA Approval For Levetiracetam Oral Solution
Nov 21 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES RECEIVES USFDA APPROVAL FOR LEVETIRACETAM ORAL SOLUTION
Source text for Eikon: ID:nNSEhvMXW
Further company coverage: SRID.NS
(([email protected];;))
Nov 21 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES RECEIVES USFDA APPROVAL FOR LEVETIRACETAM ORAL SOLUTION
Source text for Eikon: ID:nNSEhvMXW
Further company coverage: SRID.NS
(([email protected];;))
India's Strides Pharma Science Posts Sept-Quarter Consol Net Loss
Oct 30 (Reuters) - Strides Pharma Science Ltd SRID.NS:
INDIA'S STRIDES PHARMA SCIENCE LTD SEPT-QUARTER CONSOL NET LOSS 1.31 BILLION RUPEES VERSUS PROFIT 228.3 MILLION RUPEES
STRIDES PHARMA SCIENCE LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.99 BILLION RUPEES VERSUS 8.97 BILLION RUPEES
Source text for Eikon: ID:nBSEcdSc3w
Further company coverage: SRID.NS
(([email protected];))
Oct 30 (Reuters) - Strides Pharma Science Ltd SRID.NS:
INDIA'S STRIDES PHARMA SCIENCE LTD SEPT-QUARTER CONSOL NET LOSS 1.31 BILLION RUPEES VERSUS PROFIT 228.3 MILLION RUPEES
STRIDES PHARMA SCIENCE LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.99 BILLION RUPEES VERSUS 8.97 BILLION RUPEES
Source text for Eikon: ID:nBSEcdSc3w
Further company coverage: SRID.NS
(([email protected];))
Strides Pharma Science Announces Sale Of Manufacturing Facility In Singapore For Consideration Of $15 Million
Oct 27 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES ANNOUNCES SALE OF MANUFACTURING FACILITY IN SINGAPORE FOR CONSIDERATION OF $15 MILLION
Source text for Eikon: ID:nBSE92RnVw
Further company coverage: SRID.NS
(([email protected];))
Oct 27 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES ANNOUNCES SALE OF MANUFACTURING FACILITY IN SINGAPORE FOR CONSIDERATION OF $15 MILLION
Source text for Eikon: ID:nBSE92RnVw
Further company coverage: SRID.NS
(([email protected];))
India's Strides Pharma up on positive earnings outlook, US FDA approval
** Shares of Strides Pharma Science SRID.NS rise as much as 4.17% to 516.80 rupees apiece
** Drugmaker reaffirms its EBITDA guidance in the range of 7 bln rupees and 7.50 bln rupees for FY24
** Adds, decision to spin off contract development and manufacturing organisation (CDMO) and soft gelatin business will unlock value for shareholders
** SRID's unit also receives U.S. FDA approval for icosapent ethyl capsules, used to treat patients with hypertriglyceridemia
** Drug has a market size of $1.3 billion in the U.S.: SRID
** SRID's shares up 46% in 2023 so far including day's gains, compared to 20% rise in pharma index .NIPHARM - LSEG data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Strides Pharma Science SRID.NS rise as much as 4.17% to 516.80 rupees apiece
** Drugmaker reaffirms its EBITDA guidance in the range of 7 bln rupees and 7.50 bln rupees for FY24
** Adds, decision to spin off contract development and manufacturing organisation (CDMO) and soft gelatin business will unlock value for shareholders
** SRID's unit also receives U.S. FDA approval for icosapent ethyl capsules, used to treat patients with hypertriglyceridemia
** Drug has a market size of $1.3 billion in the U.S.: SRID
** SRID's shares up 46% in 2023 so far including day's gains, compared to 20% rise in pharma index .NIPHARM - LSEG data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
Strides Pharma Science Receives USFDA Approval For Icosapent Ethyl Capsules
Oct 3 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - RECEIVES USFDA APPROVAL FOR ICOSAPENT ETHYL CAPSULES
Source text for Eikon: ID:nBSECFKMz
Further company coverage: SRID.NS
(([email protected];))
Oct 3 (Reuters) - Strides Pharma Science Ltd SRID.NS:
STRIDES PHARMA SCIENCE LTD - RECEIVES USFDA APPROVAL FOR ICOSAPENT ETHYL CAPSULES
Source text for Eikon: ID:nBSECFKMz
Further company coverage: SRID.NS
(([email protected];))
India's Strides Pharma falls after announcing spin off of unit
** Shares of Strides Pharma Science SRID.NS fall as much as 3.3% to 518.1 rupees, biggest pct fall since Sept 12
** Co on Monday said it would spin off its contract development and manufacturing organisation (CDMO) and soft gelatin business into a new entity named "OneSource"
** Shareholders of Strides will receive one share of OneSource for every two shares held in Strides
** Co's shares valued at 364 rupees, a 32.1% discount to last close of 535.9 rupees
** More than 1.4 mln shares change hands by 11:30 a.m. IST vs 1.8x 30-day avg of 768,800 shares
** Including session's loss, stock up ~52% YTD
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Strides Pharma Science SRID.NS fall as much as 3.3% to 518.1 rupees, biggest pct fall since Sept 12
** Co on Monday said it would spin off its contract development and manufacturing organisation (CDMO) and soft gelatin business into a new entity named "OneSource"
** Shareholders of Strides will receive one share of OneSource for every two shares held in Strides
** Co's shares valued at 364 rupees, a 32.1% discount to last close of 535.9 rupees
** More than 1.4 mln shares change hands by 11:30 a.m. IST vs 1.8x 30-day avg of 768,800 shares
** Including session's loss, stock up ~52% YTD
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
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What does Strides Pharma Scien do?
Strides Pharma Science Limited is a global pharmaceutical company established in 1990, with headquarters in Bangalore, India. It operates in Regulated Markets and Emerging Markets, with a strong R&D facility and presence in 100 countries.
Who are the competitors of Strides Pharma Scien?
Strides Pharma Scien major competitors are FDC, Unichem Lab, Orchid Pharma, Sequent Scientific, Gufic Biosciences, Guj. Themis Biosyn, Procter&Gamble Healt. Market Cap of Strides Pharma Scien is ₹5,994 Crs. While the median market cap of its peers are ₹4,108 Crs.
Is Strides Pharma Scien financially stable compared to its competitors?
Strides Pharma Scien seems to be less financially stable compared to its competitors. Altman Z score of Strides Pharma Scien is 2.57 and is ranked 8 out of its 8 competitors.
Does Strides Pharma Scien pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Strides Pharma Scien latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Strides Pharma Scien allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Strides Pharma Scien balance sheet?
Balance sheet of Strides Pharma Scien is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Strides Pharma Scien improving?
Yes, profit is increasing. The profit of Strides Pharma Scien is ₹335 Crs for TTM, -₹70.61 Crs for Mar 2024 and -₹202.63 Crs for Mar 2023.
Is the debt of Strides Pharma Scien increasing or decreasing?
The debt of Strides Pharma Scien is decreasing. Latest debt of Strides Pharma Scien is ₹2,040 Crs as of Sep-24. This is less than Mar-24 when it was ₹2,060 Crs.
Is Strides Pharma Scien stock expensive?
Strides Pharma Scien is not expensive. Latest PE of Strides Pharma Scien is 22.24, while 3 year average PE is 33.04. Also latest EV/EBITDA of Strides Pharma Scien is 9.0 while 3yr average is 22.4.
Has the share price of Strides Pharma Scien grown faster than its competition?
Strides Pharma Scien has given lower returns compared to its competitors. Strides Pharma Scien has grown at ~-4.7% over the last 10yrs while peers have grown at a median rate of 19.95%
Is the promoter bullish about Strides Pharma Scien?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 28.3% and last quarter promoter holding is 26.82%.
Are mutual funds buying/selling Strides Pharma Scien?
The mutual fund holding of Strides Pharma Scien is decreasing. The current mutual fund holding in Strides Pharma Scien is 8.89% while previous quarter holding is 10.86%.