- Markets
- Software Services
- SYNGENE
SYNGENE
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
-
Share Price
-
Financials
-
Revenue mix
-
Shareholdings
-
Peers
-
Forensics
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
This data is currently unavailable for this company.
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
(In Cr.) |
---|
(In Cr.) | ||||
---|---|---|---|---|
This data is currently unavailable for this company. |
(In %) |
---|
(In Cr.) |
---|
Financial Year (In Cr.) |
---|
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Recent events
-
News
-
Corporate Actions
India's Syngene International acquires first US biologics facility for $36.5 mln
Corrects deal value in headline, paragraph 1 to $36.5 million, from $50 million
March 10 (Reuters) - India's Syngene International on Monday said it has acquired its first biologics facility in the United States from Emergent Manufacturing Operations Baltimore, a unit of Emergent BioSolutions EBS.N, for $36.5 million.
The contract research firm's acquisition of the facility aligns with broader industry efforts to reduce dependence on China by expanding capabilities in other regions.
The facility, which the contract research firm said is strategically located near key biotech hubs in the Northeast U.S., is expected to be operational for client projects from the second half of 2025.
This acquisition, expected to close in March 2025, will boost Syngene's total single-use bioreactor capacity to 50,000 liters from 20,000 liters, enhancing its capabilities in large molecule discovery, development and manufacturing services.
"In the short term, we expect minor dilution of operating margins as a result of costs to be incurred in this facility," Deepak Jain, Syngene International's chief financial officer, said.
India's contract research development and manufacturing organisation sector has the potential to grow seven-fold to $22 billion-$25 billion by 2035, according to a report by Boston Consulting Group.
(Reporting by Yagnoseni Das in Bengaluru; Editing by Vijay Kishore)
(([email protected];))
Corrects deal value in headline, paragraph 1 to $36.5 million, from $50 million
March 10 (Reuters) - India's Syngene International on Monday said it has acquired its first biologics facility in the United States from Emergent Manufacturing Operations Baltimore, a unit of Emergent BioSolutions EBS.N, for $36.5 million.
The contract research firm's acquisition of the facility aligns with broader industry efforts to reduce dependence on China by expanding capabilities in other regions.
The facility, which the contract research firm said is strategically located near key biotech hubs in the Northeast U.S., is expected to be operational for client projects from the second half of 2025.
This acquisition, expected to close in March 2025, will boost Syngene's total single-use bioreactor capacity to 50,000 liters from 20,000 liters, enhancing its capabilities in large molecule discovery, development and manufacturing services.
"In the short term, we expect minor dilution of operating margins as a result of costs to be incurred in this facility," Deepak Jain, Syngene International's chief financial officer, said.
India's contract research development and manufacturing organisation sector has the potential to grow seven-fold to $22 billion-$25 billion by 2035, according to a report by Boston Consulting Group.
(Reporting by Yagnoseni Das in Bengaluru; Editing by Vijay Kishore)
(([email protected];))
Syngene International Says Penalty Proceedings For 32.6 Million Rupees Dropped
March 7 (Reuters) - Syngene International Ltd SYNN.NS:
PENALTY PROCEEDINGS FOR 32.6 MILLION RUPEES DROPPED
Source text: ID:nBSE27YvXm
Further company coverage: SYNN.NS
(([email protected];;))
March 7 (Reuters) - Syngene International Ltd SYNN.NS:
PENALTY PROCEEDINGS FOR 32.6 MILLION RUPEES DROPPED
Source text: ID:nBSE27YvXm
Further company coverage: SYNN.NS
(([email protected];;))
India's contract drug makers seek government support in China fight
Corrects paragraph 14 to say India has "committed" not "invested" $2.86 billion
India's CRDMO sector could grow seven-fold by 2035: BCG
Sector gains as global firms try to diversify supply chain
Industry veterans push for more ease of doing business
Want faster import clearance, more drug warehouses
By Rishika Sadam, Kashish Tandon and Bhanvi Satija
HYDERABAD Feb 27 (Reuters) - India's contract drug makers have urged the government to remove regulatory hurdles and grant faster clearance to vital raw material imports at a time when many global pharmaceutical firms are counting on the nation to reduce their reliance on China.
India's Contract Research Development and Manufacturing Organisation (CRDMO) sector is at an inflection point, with the potential to grow seven-fold to $22 billion-$25 billion by 2035, according to a report by Boston Consulting Group.
Globally, the market stands at $140 billion-$145 billion.
"The government has to understand that this industry has potential, if not scale, right now," Krishna Kanumuri, CEO and managing director at Sai Life Sciences SAIE.NS, said at an event earlier this week.
India's contract drug manufacturers have gained from global companies' efforts to diversify their supply chain after the pandemic and a U.S. bill that would prohibit federal contracts with certain Chinese biotech firms on national security grounds.
However, India's policies are yet to play catch-up.
For instance, prolonged approval times and regulatory demands tied to certain raw material imports meant Indian firms often require eight to 15 days to initiate projects, while their Chinese peers could do it within three days, according to Vikash Aggarwala, MD and Partner at BCG's healthcare practice.
Industry insiders pushed for more business-friendly policies in the world's fifth-largest economy, which is heavily dependent on China for drug-related raw materials.
Piramal Pharma's PIRM.NS Chairperson Nandini Piramal lamented the lack of customs warehouses at the right locations and related logistics costs, a dearth of cold storage units, and delays tied to the clearance of certain raw material imports.
"All of those, I think, add more friction to the ease of doing business," Piramal told Reuters.
Some others highlighted the delay in approvals due to the lack of a centralized, digital, single-window clearance system.
Syngene's SYNN.NS CEO-designate Peter Bains said the "friction and delay" could be compressed, highlighting it was "a disadvantage that India has against other jurisdictions".
India's health and finance ministries did not respond to Reuters requests seeking comment.
The country, which offers cheap labour and a large talent pool, has already committed over $2.86 billion in the local biotech industry, according to the BCG report. But industry insiders are urging for more.
"I would really pitch for a CRDMO park... with policies where you don't have to go and get permissions from the local drug controller for making changes, where there are easy export and import capabilities," Aragen Life Sciences CEO Manni Kantipudi said.
($1 = 87.3900 Indian rupees)
(Reporting by Rishika Sadam, Kashish Tandon and Bhanvi Satija; Editing by Dhanya Skariachan and Janane Venkatraman)
(([email protected]; 8800437922;))
Corrects paragraph 14 to say India has "committed" not "invested" $2.86 billion
India's CRDMO sector could grow seven-fold by 2035: BCG
Sector gains as global firms try to diversify supply chain
Industry veterans push for more ease of doing business
Want faster import clearance, more drug warehouses
By Rishika Sadam, Kashish Tandon and Bhanvi Satija
HYDERABAD Feb 27 (Reuters) - India's contract drug makers have urged the government to remove regulatory hurdles and grant faster clearance to vital raw material imports at a time when many global pharmaceutical firms are counting on the nation to reduce their reliance on China.
India's Contract Research Development and Manufacturing Organisation (CRDMO) sector is at an inflection point, with the potential to grow seven-fold to $22 billion-$25 billion by 2035, according to a report by Boston Consulting Group.
Globally, the market stands at $140 billion-$145 billion.
"The government has to understand that this industry has potential, if not scale, right now," Krishna Kanumuri, CEO and managing director at Sai Life Sciences SAIE.NS, said at an event earlier this week.
India's contract drug manufacturers have gained from global companies' efforts to diversify their supply chain after the pandemic and a U.S. bill that would prohibit federal contracts with certain Chinese biotech firms on national security grounds.
However, India's policies are yet to play catch-up.
For instance, prolonged approval times and regulatory demands tied to certain raw material imports meant Indian firms often require eight to 15 days to initiate projects, while their Chinese peers could do it within three days, according to Vikash Aggarwala, MD and Partner at BCG's healthcare practice.
Industry insiders pushed for more business-friendly policies in the world's fifth-largest economy, which is heavily dependent on China for drug-related raw materials.
Piramal Pharma's PIRM.NS Chairperson Nandini Piramal lamented the lack of customs warehouses at the right locations and related logistics costs, a dearth of cold storage units, and delays tied to the clearance of certain raw material imports.
"All of those, I think, add more friction to the ease of doing business," Piramal told Reuters.
Some others highlighted the delay in approvals due to the lack of a centralized, digital, single-window clearance system.
Syngene's SYNN.NS CEO-designate Peter Bains said the "friction and delay" could be compressed, highlighting it was "a disadvantage that India has against other jurisdictions".
India's health and finance ministries did not respond to Reuters requests seeking comment.
The country, which offers cheap labour and a large talent pool, has already committed over $2.86 billion in the local biotech industry, according to the BCG report. But industry insiders are urging for more.
"I would really pitch for a CRDMO park... with policies where you don't have to go and get permissions from the local drug controller for making changes, where there are easy export and import capabilities," Aragen Life Sciences CEO Manni Kantipudi said.
($1 = 87.3900 Indian rupees)
(Reporting by Rishika Sadam, Kashish Tandon and Bhanvi Satija; Editing by Dhanya Skariachan and Janane Venkatraman)
(([email protected]; 8800437922;))
Syngene International Says Tax Demand Order Reduced To 102 Million Rupees
Feb 26 (Reuters) - Syngene International Ltd SYNN.NS:
SYNGENE INTERNATIONAL - TAX DEMAND ORDER REDUCED TO 102 MILLION RUPEES
Source text: ID:nNSEbX1r3H
Further company coverage: SYNN.NS
(([email protected];;))
Feb 26 (Reuters) - Syngene International Ltd SYNN.NS:
SYNGENE INTERNATIONAL - TAX DEMAND ORDER REDUCED TO 102 MILLION RUPEES
Source text: ID:nNSEbX1r3H
Further company coverage: SYNN.NS
(([email protected];;))
Syngene International Says Jonathan Hunt Steps Down As MD & CEO Of Syngene
Feb 10 (Reuters) - Syngene International Ltd SYNN.NS:
JONATHAN HUNT STEPS DOWN AS MD & CEO OF SYNGENE
PETER BAINS APPOINTED CEO DESIGNATE OF SYNGENE
Source text: ID:nBSExY3mS
Further company coverage: SYNN.NS
(([email protected];;))
Feb 10 (Reuters) - Syngene International Ltd SYNN.NS:
JONATHAN HUNT STEPS DOWN AS MD & CEO OF SYNGENE
PETER BAINS APPOINTED CEO DESIGNATE OF SYNGENE
Source text: ID:nBSExY3mS
Further company coverage: SYNN.NS
(([email protected];;))
DIARY- India economic, corporate events on Jan 23
BENGALURU, Jan 23 (Reuters) - Diary of India economic, corporate events on Jan. 23
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
23-Jan-2025 | NTS | MBFL.NS | Mphasis Ltd | Q3 2025 Mphasis Ltd Earnings Release |
23-Jan-2025 | NTS | CAPG.NS | Capri Global Capital Ltd | Q3 2025 Capri Global Capital Ltd Earnings Release |
23-Jan-2025 | NTS | AMBE.NS | Amber Enterprises India Ltd | Q3 2025 Amber Enterprises India Ltd Earnings Release |
23-Jan-2025 | NTS | TTML.NS | Tata Teleservices (Maharashtra) Ltd | Q3 2025 Tata Teleservices (Maharashtra) Ltd Earnings Release |
23-Jan-2025 | NTS | ADAI.NS | Adani Energy Solutions Ltd | Q3 2025 Adani Energy Solutions Ltd Earnings Release |
23-Jan-2025 | NTS | SYNN.NS | Syngene International Ltd | Q3 2025 Syngene International Ltd Earnings Release |
23-Jan-2025 | NTS | IIAN.NS | Indian Energy Exchange Ltd | Q3 2025 Indian Energy Exchange Ltd Earnings Release |
23-Jan-2025 | NTS | CYIE.NS | Cyient Ltd | Q3 2025 Cyient Ltd Earnings Release |
23-Jan-2025 | NTS | NIPF.NS | Nippon Life India Asset Management Ltd | Q3 2025 Nippon Life India Asset Management Ltd Earnings Release |
23-Jan-2025 | NTS | INUS.NS | Indus Towers Ltd | Q3 2025 Indus Towers Ltd Earnings Release |
23-Jan-2025 | NTS | REDY.NS | Dr Reddy's Laboratories Ltd | Q3 2025 Dr Reddy's Laboratories Ltd Earnings Release |
23-Jan-2025 | NTS | TEJS.NS | Tejas Networks Ltd | Q3 2025 Tejas Networks Ltd Earnings Release |
23-Jan-2025 | NTS | ULTC.NS | UltraTech Cement Ltd | Q3 2025 UltraTech Cement Ltd Earnings Release |
23-Jan-2025 | NTS | ADNA.NS | Adani Green Energy Ltd | Q3 2025 Adani Green Energy Ltd Earnings Release |
23-Jan-2025 | NTS | UNSP.NS | United Spirits Ltd | Q3 2025 United Spirits Ltd Earnings Release |
NTS - 'No time scheduled', AMC - 'After market close'
(Compiled by Bengaluru Newsroom)
BENGALURU, Jan 23 (Reuters) - Diary of India economic, corporate events on Jan. 23
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
23-Jan-2025 | NTS | MBFL.NS | Mphasis Ltd | Q3 2025 Mphasis Ltd Earnings Release |
23-Jan-2025 | NTS | CAPG.NS | Capri Global Capital Ltd | Q3 2025 Capri Global Capital Ltd Earnings Release |
23-Jan-2025 | NTS | AMBE.NS | Amber Enterprises India Ltd | Q3 2025 Amber Enterprises India Ltd Earnings Release |
23-Jan-2025 | NTS | TTML.NS | Tata Teleservices (Maharashtra) Ltd | Q3 2025 Tata Teleservices (Maharashtra) Ltd Earnings Release |
23-Jan-2025 | NTS | ADAI.NS | Adani Energy Solutions Ltd | Q3 2025 Adani Energy Solutions Ltd Earnings Release |
23-Jan-2025 | NTS | SYNN.NS | Syngene International Ltd | Q3 2025 Syngene International Ltd Earnings Release |
23-Jan-2025 | NTS | IIAN.NS | Indian Energy Exchange Ltd | Q3 2025 Indian Energy Exchange Ltd Earnings Release |
23-Jan-2025 | NTS | CYIE.NS | Cyient Ltd | Q3 2025 Cyient Ltd Earnings Release |
23-Jan-2025 | NTS | NIPF.NS | Nippon Life India Asset Management Ltd | Q3 2025 Nippon Life India Asset Management Ltd Earnings Release |
23-Jan-2025 | NTS | INUS.NS | Indus Towers Ltd | Q3 2025 Indus Towers Ltd Earnings Release |
23-Jan-2025 | NTS | REDY.NS | Dr Reddy's Laboratories Ltd | Q3 2025 Dr Reddy's Laboratories Ltd Earnings Release |
23-Jan-2025 | NTS | TEJS.NS | Tejas Networks Ltd | Q3 2025 Tejas Networks Ltd Earnings Release |
23-Jan-2025 | NTS | ULTC.NS | UltraTech Cement Ltd | Q3 2025 UltraTech Cement Ltd Earnings Release |
23-Jan-2025 | NTS | ADNA.NS | Adani Green Energy Ltd | Q3 2025 Adani Green Energy Ltd Earnings Release |
23-Jan-2025 | NTS | UNSP.NS | United Spirits Ltd | Q3 2025 United Spirits Ltd Earnings Release |
NTS - 'No time scheduled', AMC - 'After market close'
(Compiled by Bengaluru Newsroom)
Syngene International Says Aggregate Tax Amount Under Government Scheme To Be Paid Is 94.7 Mln Rupees
Jan 14 (Reuters) - Syngene International Ltd SYNN.NS:
AGGREGATE TAX AMOUNT UNDER GOVERNMENT SCHEME TO BE PAID IS 94.7 MILLION RUPEES
PAID 15.3 MILLION RUPEES TAX UNDER PROTEST, BALANCE TO BE PAID WITHIN 15 DAYS
Source text: ID:nBSE4gwqJ2
Further company coverage: SYNN.NS
(([email protected];;))
Jan 14 (Reuters) - Syngene International Ltd SYNN.NS:
AGGREGATE TAX AMOUNT UNDER GOVERNMENT SCHEME TO BE PAID IS 94.7 MILLION RUPEES
PAID 15.3 MILLION RUPEES TAX UNDER PROTEST, BALANCE TO BE PAID WITHIN 15 DAYS
Source text: ID:nBSE4gwqJ2
Further company coverage: SYNN.NS
(([email protected];;))
Indian drugmaker Anthem Biosciences files for $397 mln IPO
Adds details paragraph 2 onwards
Dec 31 (Reuters) - Indian contract drugmaker Anthem Biosciences filed for a 33.95-billion-rupee ($397 million) initial public offering, draft papers showed on Tuesday, at the fag end of what has been a red-hot year for companies listing on the stock market.
Anthem, whose services include early-stage drug discovery and drug efficacy testing, said private equity firm True North and drugmaker DavosPharma are among investors who will sell shares in the IPO.
The company will not sell any shares and it did not give any other details on the offering.
The Indian IPO market has been bustling this year, with over 300 companies having raised $17.5 billion as of mid-December, more than double the amount raised last year, LSEG data showed.
That gives it the top spot globally in terms of proceeds and volumes, according to consultancy firm KPMG.
Anthem, which began operations in 2007 and has two manufacturing facilities, is also going public at a time when global drugmakers are turning to India and other markets to limit their reliance on Chinese contractors.
Begaluru-based Anthem also makes active pharmaceutical ingredients (API), which are the main component of a drug, as well as dietary supplements and probiotics.
It competes with the likes of Syngene International SYNN.NS, Divi's Laboratories DIVI.NS and newly-listed Sai Life Sciences SAIE.NS among Indian API makers.
($1 = 85.5720 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Savio D'Souza)
(([email protected]; 8800437922;))
Adds details paragraph 2 onwards
Dec 31 (Reuters) - Indian contract drugmaker Anthem Biosciences filed for a 33.95-billion-rupee ($397 million) initial public offering, draft papers showed on Tuesday, at the fag end of what has been a red-hot year for companies listing on the stock market.
Anthem, whose services include early-stage drug discovery and drug efficacy testing, said private equity firm True North and drugmaker DavosPharma are among investors who will sell shares in the IPO.
The company will not sell any shares and it did not give any other details on the offering.
The Indian IPO market has been bustling this year, with over 300 companies having raised $17.5 billion as of mid-December, more than double the amount raised last year, LSEG data showed.
That gives it the top spot globally in terms of proceeds and volumes, according to consultancy firm KPMG.
Anthem, which began operations in 2007 and has two manufacturing facilities, is also going public at a time when global drugmakers are turning to India and other markets to limit their reliance on Chinese contractors.
Begaluru-based Anthem also makes active pharmaceutical ingredients (API), which are the main component of a drug, as well as dietary supplements and probiotics.
It competes with the likes of Syngene International SYNN.NS, Divi's Laboratories DIVI.NS and newly-listed Sai Life Sciences SAIE.NS among Indian API makers.
($1 = 85.5720 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Savio D'Souza)
(([email protected]; 8800437922;))
Biocon Sells 8 Mln Shares Of Syngene International Through Block Deal
Dec 10 (Reuters) - Biocon Ltd BION.NS:
SELLS 8 MILLION EQUITY SHARES OF SYNGENE INTERNATIONAL THROUGH BLOCK DEAL
SHAREHOLDING IN SYNGENE NOW AT 52.46%
RECEIVES APPROXIMATELY 6.86 BILLION RUPEES FROM SALE
Source text: ID:nBSE5j8PXC
Further company coverage: BION.NS
(([email protected];;))
Dec 10 (Reuters) - Biocon Ltd BION.NS:
SELLS 8 MILLION EQUITY SHARES OF SYNGENE INTERNATIONAL THROUGH BLOCK DEAL
SHAREHOLDING IN SYNGENE NOW AT 52.46%
RECEIVES APPROXIMATELY 6.86 BILLION RUPEES FROM SALE
Source text: ID:nBSE5j8PXC
Further company coverage: BION.NS
(([email protected];;))
Syngene International Gets Order Modifying Tax Demand To 25.9 Mln Rupees
Dec 5 (Reuters) - Syngene International Ltd SYNN.NS:
GOT ORDER MODIFYING TAX DEMAND TO 25.9 MILLION RUPEES
Source text: ID:nNSE63Zmnn
Further company coverage: SYNN.NS
(([email protected];;))
Dec 5 (Reuters) - Syngene International Ltd SYNN.NS:
GOT ORDER MODIFYING TAX DEMAND TO 25.9 MILLION RUPEES
Source text: ID:nNSE63Zmnn
Further company coverage: SYNN.NS
(([email protected];;))
Syngene International Sept-Quarter Consol Profit 1.06 Bln Rupees
Oct 23 (Reuters) - Syngene International Ltd SYNN.NS:
RESIGNATION OF CFO SIBAJI BISWAS
RESIGNATION OF SIBAJI BISWAS, EXECUTIVE DIRECTOR AND CFO
APPOINTMENT OF DEEPAK JAIN AS CHIEF FINANCIAL OFFICER
SEPT-QUARTER CONSOL PROFIT 1.06 BILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.91 BILLION RUPEES
Source text for Eikon: ID:nNSE26tD5y
Further company coverage: SYNN.NS
(([email protected];;))
Oct 23 (Reuters) - Syngene International Ltd SYNN.NS:
RESIGNATION OF CFO SIBAJI BISWAS
RESIGNATION OF SIBAJI BISWAS, EXECUTIVE DIRECTOR AND CFO
APPOINTMENT OF DEEPAK JAIN AS CHIEF FINANCIAL OFFICER
SEPT-QUARTER CONSOL PROFIT 1.06 BILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.91 BILLION RUPEES
Source text for Eikon: ID:nNSE26tD5y
Further company coverage: SYNN.NS
(([email protected];;))
Syngene International Got Tax Refund Order For 136 Million Rupees
Oct 1 (Reuters) - Syngene International Ltd SYNN.NS:
GOT TAX REFUND ORDER FOR 136 MILLION RUPEES
Source text for Eikon: ID:nNSEbddVlK
Further company coverage: SYNN.NS
(([email protected];))
Oct 1 (Reuters) - Syngene International Ltd SYNN.NS:
GOT TAX REFUND ORDER FOR 136 MILLION RUPEES
Source text for Eikon: ID:nNSEbddVlK
Further company coverage: SYNN.NS
(([email protected];))
Syngene International June-Quarter Consol Profit 757 Million Rupees
July 24 (Reuters) - Syngene International Ltd SYNN.NS:
SYNGENE INTERNATIONAL LTD JUNE-QUARTER CONSOL PROFIT 757 MILLION RUPEES
SYNGENE INTERNATIONAL LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.9 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SYNN.NS
(([email protected];))
July 24 (Reuters) - Syngene International Ltd SYNN.NS:
SYNGENE INTERNATIONAL LTD JUNE-QUARTER CONSOL PROFIT 757 MILLION RUPEES
SYNGENE INTERNATIONAL LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.9 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SYNN.NS
(([email protected];))
Syngene International Re-Appoints Jonathan Hunt As MD, CEO
April 24 (Reuters) - Syngene International Ltd SYNN.NS:
RE-APPOINTMENT OF JONATHAN HUNT AS MD AND CEO
FINAL DIVIDEND OF 1.25 RUPEES PER SHARE
SYNGENE INTERNATIONAL MARCH-QUARTER CONSOL PROFIT 1.89 BILLION RUPEES VERSUS PROFIT 1.79 BILLION RUPEES
SYNGENE INTERNATIONAL MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.17 BILLION RUPEES VERSUS 9.94 BILLION RUPEES
Source text for Eikon: ID:nBSE2TWSw4
Further company coverage: SYNN.NS
(([email protected];;))
April 24 (Reuters) - Syngene International Ltd SYNN.NS:
RE-APPOINTMENT OF JONATHAN HUNT AS MD AND CEO
FINAL DIVIDEND OF 1.25 RUPEES PER SHARE
SYNGENE INTERNATIONAL MARCH-QUARTER CONSOL PROFIT 1.89 BILLION RUPEES VERSUS PROFIT 1.79 BILLION RUPEES
SYNGENE INTERNATIONAL MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.17 BILLION RUPEES VERSUS 9.94 BILLION RUPEES
Source text for Eikon: ID:nBSE2TWSw4
Further company coverage: SYNN.NS
(([email protected];;))
India's Syngene, Neuland Labs rise as Goldman sets Street-high PTs
** Shares of contract research firm Syngene International SYNN.NS up 2.1% and pharmaceuticals firm Neuland Laboratories NEUL.NS up 4.8%
** Goldman Sachs initiates stocks with a 'buy' rating, sets street-high PTs of 875 rupees for SYNN and 9,100 rupees for NEUL; highlights improving funding for biotech, capacity ramp-up and new contract wins
** Brokerage believes India's share in global contract research/drug manufacturing will rise as companies reduce dependence on China; lists SYNN, NEUL as its top picks in sector
** "Any progress" on U.S. bill that prohibits federal agencies from contracting with China biotech companies/service providers, "could bring in disproportionate benefits" to NEUL - Goldman
** Meanwhile, shares of Laurus Labs LAUL.NS down 1.7% after brokerage initiates stock with "sell"
** NEUL up 23.5% so far this year, vastly outperforming LAUL's 5% rise and SYNN's 8.9% growth
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of contract research firm Syngene International SYNN.NS up 2.1% and pharmaceuticals firm Neuland Laboratories NEUL.NS up 4.8%
** Goldman Sachs initiates stocks with a 'buy' rating, sets street-high PTs of 875 rupees for SYNN and 9,100 rupees for NEUL; highlights improving funding for biotech, capacity ramp-up and new contract wins
** Brokerage believes India's share in global contract research/drug manufacturing will rise as companies reduce dependence on China; lists SYNN, NEUL as its top picks in sector
** "Any progress" on U.S. bill that prohibits federal agencies from contracting with China biotech companies/service providers, "could bring in disproportionate benefits" to NEUL - Goldman
** Meanwhile, shares of Laurus Labs LAUL.NS down 1.7% after brokerage initiates stock with "sell"
** NEUL up 23.5% so far this year, vastly outperforming LAUL's 5% rise and SYNN's 8.9% growth
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Syngene International Gets 3 Orders Seeking Tax And Interest Totalling 120.9 Mln Rupees
March 26 (Reuters) - Syngene International Ltd SYNN.NS:
GOT 3 ORDERS SEEKING TAX AND INTEREST TOTALLING 120.9 MILLION RUPEES
Source text for Eikon: ID:nNSE9gWvz0
Further company coverage: SYNN.NS
(([email protected];))
March 26 (Reuters) - Syngene International Ltd SYNN.NS:
GOT 3 ORDERS SEEKING TAX AND INTEREST TOTALLING 120.9 MILLION RUPEES
Source text for Eikon: ID:nNSE9gWvz0
Further company coverage: SYNN.NS
(([email protected];))
Bristol Myers CEO says India to have largest R&D presence outside US by 2025
Updates with additional company comments in paragraphs 4 and 6
By Rishika Sadam and Leroy Leo
HYDERABAD, Feb 27 (Reuters) - U.S. drugmaker Bristol Myers Squibb BMY.N aims to expand its research and development presence in India and expects its newly inaugurated Hyderabad facility to become its largest unit outside the U.S. by 2025, CEO Christopher Boerner said on Tuesday.
The $100-million facility, inaugurated by Boerner on Monday, is expected to employ over 1,500 employees and will be used to enhance its drug development through the use of digital technologies and artificial intelligence, he said in his keynote speech at the BioAsia conference.
Bristol Myers also operates a research and development centre in Bengaluru in partnership with the Biocon Group's BION.NS Syngene International.
The India unit is participating in 17 clinical trials for testing new therapies for cancer, blood disorders and heart diseases among others, the cancer-focused drugmaker told Reuters.
Bristol Myers is yet to launch its cancer cell therapies Abecma and Breyanzi in the country, but its other cancer drugs such as nivolumab and ipilimumab are sold under the brand names Opdyta and Yervoi.
When asked about Bristol Myers's plans to launch or seek approval for its cell therapies in India, a spokesperson said that the company could not comment on its discussions with regulatory bodies.
The company is also developing next-generation cell therapies for autoimmune diseases such as multiple sclerosis and plans to use AI technologies to accelerate the development, Boerner said, adding that it plans to make these more widely available, including in markets such as India.
Bristol Myers expects its top-selling drugs such as blood thinner Eliquis and cancer immunotherapy Opdivo to lose patent protection in key markets later this decade and announced a string of deals late last year to restock its drug development pipeline.
(Reporting by Leroy Leo and Rishika Sadam in Hyderabad; Editing by Janane Venkatraman)
Updates with additional company comments in paragraphs 4 and 6
By Rishika Sadam and Leroy Leo
HYDERABAD, Feb 27 (Reuters) - U.S. drugmaker Bristol Myers Squibb BMY.N aims to expand its research and development presence in India and expects its newly inaugurated Hyderabad facility to become its largest unit outside the U.S. by 2025, CEO Christopher Boerner said on Tuesday.
The $100-million facility, inaugurated by Boerner on Monday, is expected to employ over 1,500 employees and will be used to enhance its drug development through the use of digital technologies and artificial intelligence, he said in his keynote speech at the BioAsia conference.
Bristol Myers also operates a research and development centre in Bengaluru in partnership with the Biocon Group's BION.NS Syngene International.
The India unit is participating in 17 clinical trials for testing new therapies for cancer, blood disorders and heart diseases among others, the cancer-focused drugmaker told Reuters.
Bristol Myers is yet to launch its cancer cell therapies Abecma and Breyanzi in the country, but its other cancer drugs such as nivolumab and ipilimumab are sold under the brand names Opdyta and Yervoi.
When asked about Bristol Myers's plans to launch or seek approval for its cell therapies in India, a spokesperson said that the company could not comment on its discussions with regulatory bodies.
The company is also developing next-generation cell therapies for autoimmune diseases such as multiple sclerosis and plans to use AI technologies to accelerate the development, Boerner said, adding that it plans to make these more widely available, including in markets such as India.
Bristol Myers expects its top-selling drugs such as blood thinner Eliquis and cancer immunotherapy Opdivo to lose patent protection in key markets later this decade and announced a string of deals late last year to restock its drug development pipeline.
(Reporting by Leroy Leo and Rishika Sadam in Hyderabad; Editing by Janane Venkatraman)
India's Biocon falls as Jefferies downgrades to 'underperform'
** Shares of Biopharmaceutical co Biocon BION.NS down ~2.5% at 284 rupees
** Jefferies downgrades stock to "underperform" from "hold", keeps PT unchanged at 250 rupees
** Jefferies says downgrades will continue due to lack of launches in the biosimilars segment, weak FY25 outlook for unit Syngene SYNN.NS
** Given muted revenue growth and margin pressure, we believe free cash flow will remain weak for Biocon - Jefferies
** Last month, UBS downgraded SYNN to "sell" due to concerns on near-term revenue growth
** Avg rating of 17 analysts covering BION is "hold," their median PT is 272.50 rupees
** Biocon stock has been underperforming in the pharma index; since start of 2023 BION up ~8.5% vs a ~50% gain in Nifty Pharma Index .NIPHARM
(Reporting by Nishit Navin in Bengaluru)
(([email protected];))
** Shares of Biopharmaceutical co Biocon BION.NS down ~2.5% at 284 rupees
** Jefferies downgrades stock to "underperform" from "hold", keeps PT unchanged at 250 rupees
** Jefferies says downgrades will continue due to lack of launches in the biosimilars segment, weak FY25 outlook for unit Syngene SYNN.NS
** Given muted revenue growth and margin pressure, we believe free cash flow will remain weak for Biocon - Jefferies
** Last month, UBS downgraded SYNN to "sell" due to concerns on near-term revenue growth
** Avg rating of 17 analysts covering BION is "hold," their median PT is 272.50 rupees
** Biocon stock has been underperforming in the pharma index; since start of 2023 BION up ~8.5% vs a ~50% gain in Nifty Pharma Index .NIPHARM
(Reporting by Nishit Navin in Bengaluru)
(([email protected];))
India's Syngene International extends fall on UBS downgrade, PT cut
** Shares of contract research firm Syngene International SYNN.NS fall ~2% to 701.75 rupees
** Stock fell 2.3% on Tuesday after UBS downgraded rating to "sell" from "buy" and cut PT to 700 rupees from 875 rupees
** UBS' new PT lowest among seven analysts on SYNN, per LSEG
** Stock shed 4.4% in last two sessions
** Weak demand for the discovery and dedicated segments to put pressure on Syngene's near-term revenue growth - UBS
** Adds, concerns are rising with slow ramp-up of SYNN's API unit
** Avg rating of analysts at "hold"; median PT is 750 rupees - LSEG data
** Stock rose 20% in 2023, snapping two consecutive years of decline
(Reporting by Kashish Tandon in Bengaluru)
** Shares of contract research firm Syngene International SYNN.NS fall ~2% to 701.75 rupees
** Stock fell 2.3% on Tuesday after UBS downgraded rating to "sell" from "buy" and cut PT to 700 rupees from 875 rupees
** UBS' new PT lowest among seven analysts on SYNN, per LSEG
** Stock shed 4.4% in last two sessions
** Weak demand for the discovery and dedicated segments to put pressure on Syngene's near-term revenue growth - UBS
** Adds, concerns are rising with slow ramp-up of SYNN's API unit
** Avg rating of analysts at "hold"; median PT is 750 rupees - LSEG data
** Stock rose 20% in 2023, snapping two consecutive years of decline
(Reporting by Kashish Tandon in Bengaluru)
Syngene International Says Assessing Officer Issued Penalty Notice
Jan 10 (Reuters) - Syngene International Ltd SYNN.NS:
ASSESSING OFFICER ISSUED PENALTY NOTICE TOWARDS DISALLOWANCE AMOUNTING TO 1.3 MILLION RUPEES
Source text for Eikon: ID:nBSE2Q2lBG
Further company coverage: SYNN.NS
(([email protected];))
Jan 10 (Reuters) - Syngene International Ltd SYNN.NS:
ASSESSING OFFICER ISSUED PENALTY NOTICE TOWARDS DISALLOWANCE AMOUNTING TO 1.3 MILLION RUPEES
Source text for Eikon: ID:nBSE2Q2lBG
Further company coverage: SYNN.NS
(([email protected];))
Syngene International Concludes Acquisition Of Biologics Manufacturing Facility From Stelis Biopharma
Dec 1 (Reuters) - Syngene International Ltd SYNN.NS:
CONCLUDES ACQUISITION OF BIOLOGICS MANUFACTURING FACILITY FROM STELIS BIOPHARMA
ACQUISITION OF UNIT 3 BIOLOGICS MANUFACTURING FACILITY CONCLUDED AT REVISED GROSS VALUE OF 6.17 BILLION RUPEES
REDUCTION IN GROSS VALUE REFLECTS RETENTION OF EQUIPMENT NOT CURRENTLY INSTALLED IN FACILITY BY STELIS BIOPHARMA
ACQUISITION WILL ADD 20,000 LITRES OF INSTALLED BIOLOGICS DRUG SUBSTANCE MANUFACTURING CAPACITY FOR SYNGENE
Source text for Eikon: ID:nBSE8x5lB6
Further company coverage: SYNN.NS
(([email protected];))
Dec 1 (Reuters) - Syngene International Ltd SYNN.NS:
CONCLUDES ACQUISITION OF BIOLOGICS MANUFACTURING FACILITY FROM STELIS BIOPHARMA
ACQUISITION OF UNIT 3 BIOLOGICS MANUFACTURING FACILITY CONCLUDED AT REVISED GROSS VALUE OF 6.17 BILLION RUPEES
REDUCTION IN GROSS VALUE REFLECTS RETENTION OF EQUIPMENT NOT CURRENTLY INSTALLED IN FACILITY BY STELIS BIOPHARMA
ACQUISITION WILL ADD 20,000 LITRES OF INSTALLED BIOLOGICS DRUG SUBSTANCE MANUFACTURING CAPACITY FOR SYNGENE
Source text for Eikon: ID:nBSE8x5lB6
Further company coverage: SYNN.NS
(([email protected];))
FOCUS -Indian drug manufacturers benefit from Big Pharma interest beyond China
Drugmakers seek supply chain security, look outside China
Indian contract drugmakers see increased interest, strong growth
Lax regulation concerns with India persist
By Maggie Fick, Andrew Silver and Rishika Sadam
LONDON/SHANGHAI/HYDERABAD, Nov 27 (Reuters) - Drugmakers are seeking to limit their reliance on Chinese contractors who produce drugs used in clinical trials and early-stage manufacturing, a move that is benefiting rivals in India, according to interviews with 10 industry executives and experts.
China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services due to the low cost and speed offered by contract drugmakers there.
That relationship largely held firm despite a U.S.-China trade war under the Trump administration and supply chain havoc experienced by other industries during the COVID-19 pandemic. But increasing tensions with China have prompted more Western governments to recommend that companies "de-risk" supply chains from exposure to the Asian superpower.
That is leading some biotech companies to consider using manufacturers in India to produce active pharmaceutical ingredient (API) for clinical trials or other outsourced work.
"Today you're probably not sending an RFP (request for proposal) to a Chinese company," said Tommy Erdei, global co-head of healthcare investment banking at Jefferies. "It's like, 'I don't want to know, it doesn't matter if they can do it for cheaper, I'm not going to start putting my product into China'."
Dr Ashish Nimgaonkar, the founder of Glyscend Therapeutics, a U.S.-based biotech firm testing treatments for type 2 diabetes and obesity in early trials, agreed. "All of the factors over the past several years have made China a less attractive option for us," he said.
Nimgaonkar told Reuters that when Glyscend issues an RFP later in the development stage of the medicines it has in trials, Indian contract development and manufacturing organisations (CDMOs) would be preferred over Chinese ones.
Four of India's largest CDMOs - Syngene SYNN.NS, Aragen Life Sciences, Piramal Pharma Solutions PIRM.NS, and Sai Life Sciences - told Reuters they have this year seen increased interest and requests from Western pharma companies, including major multinationals.
Sai declined to comment on profit growth but said sales have grown 25%-30% in recent years. The other companies said they reported strong profit growth in the most recent quarter.
Top executives at the firms said some customers want to add India as a second source, in addition to China, for manufacturing. Others are seeking to leave China and even making requests to originate supply chains in India.
The full benefit for these Indian manufacturers will not be immediate, said Peter DeYoung, CEO of Piramal Pharma Solutions.
It will take time for treatments in early development to make it to the market, when contracts would become more lucrative for outsourcing firms like his, he said.
Chinese CDMOs are established makers of biologic drugs, which require a higher threshold of regulatory approval than conventional medicines, said Helen Chen, Greater China Managing Partner at L.E.K. Consulting in Shanghai.
Hiring a new firm for complex work such as biologic manufacturing can take three to five years, she added. "It's really not something that (companies) just pick up and move like shoes."
STRONG GROWTH
India is seeking a bigger foothold in the pharma services sector to boost sales and reputation for its $42 billion pharmaceuticals industry.
But concerns over lax oversight persist. Nimgaonkar said Indian CDMOs need to do more to ensure their reputation on quality standards matches Western and Chinese ones.
In February, the U.S. Food and Drug Administration (FDA) warned against using an eye drop made in India linked to the outbreak of a drug-resistant bacteria in the United States that caused one death.
India-based research firm Mordor Intelligence estimates revenue from India's CDMO industry at $15.6 billion this year compared to $27.1 billion in China. But it estimates revenues from India's industry will grow, on average, at more than 11% annually over the next five years, compared to about 9.6% for China.
The Indian CDMOs told Reuters that their facilities are routinely inspected by the FDA. An FDA spokesperson declined to comment.
Piramal Pharma has this year received requests from clients for "backward integration to India", which means that even the most basic raw materials are sourced from the country instead of China, said DeYoung. Piramal buys about 15% of its raw materials from China but is trying to reduce that.
Sai Life Sciences said it almost doubled manufacturing capacity since 2019 and is adding another 25% in the next year or so to meet demand.
Ramesh Subramanian, chief commercial officer of Aragen, a privately-owned Indian firm that has grown from 2,500 to 4,500 employees in the past five years, said revenue growth of 21% last year was partly driven by new contracts with Western biotech firms. Aragen counts seven of the 10 biggest pharma companies as clients, he said, declining to name them.
The shift is particularly evident in drug discovery work for conventional pharmaceuticals.
"New biotechs are deciding to put eggs in both the Indian and China baskets from the start," Subramanian said.
(Reporting by Maggie Fick in London, Andrew Silver in Shanghai and Rishika Sadam in Hyderabad;
Editing by Michele Gershberg and Catherine Evans)
(([email protected]; +44 7890 916706;))
Drugmakers seek supply chain security, look outside China
Indian contract drugmakers see increased interest, strong growth
Lax regulation concerns with India persist
By Maggie Fick, Andrew Silver and Rishika Sadam
LONDON/SHANGHAI/HYDERABAD, Nov 27 (Reuters) - Drugmakers are seeking to limit their reliance on Chinese contractors who produce drugs used in clinical trials and early-stage manufacturing, a move that is benefiting rivals in India, according to interviews with 10 industry executives and experts.
China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services due to the low cost and speed offered by contract drugmakers there.
That relationship largely held firm despite a U.S.-China trade war under the Trump administration and supply chain havoc experienced by other industries during the COVID-19 pandemic. But increasing tensions with China have prompted more Western governments to recommend that companies "de-risk" supply chains from exposure to the Asian superpower.
That is leading some biotech companies to consider using manufacturers in India to produce active pharmaceutical ingredient (API) for clinical trials or other outsourced work.
"Today you're probably not sending an RFP (request for proposal) to a Chinese company," said Tommy Erdei, global co-head of healthcare investment banking at Jefferies. "It's like, 'I don't want to know, it doesn't matter if they can do it for cheaper, I'm not going to start putting my product into China'."
Dr Ashish Nimgaonkar, the founder of Glyscend Therapeutics, a U.S.-based biotech firm testing treatments for type 2 diabetes and obesity in early trials, agreed. "All of the factors over the past several years have made China a less attractive option for us," he said.
Nimgaonkar told Reuters that when Glyscend issues an RFP later in the development stage of the medicines it has in trials, Indian contract development and manufacturing organisations (CDMOs) would be preferred over Chinese ones.
Four of India's largest CDMOs - Syngene SYNN.NS, Aragen Life Sciences, Piramal Pharma Solutions PIRM.NS, and Sai Life Sciences - told Reuters they have this year seen increased interest and requests from Western pharma companies, including major multinationals.
Sai declined to comment on profit growth but said sales have grown 25%-30% in recent years. The other companies said they reported strong profit growth in the most recent quarter.
Top executives at the firms said some customers want to add India as a second source, in addition to China, for manufacturing. Others are seeking to leave China and even making requests to originate supply chains in India.
The full benefit for these Indian manufacturers will not be immediate, said Peter DeYoung, CEO of Piramal Pharma Solutions.
It will take time for treatments in early development to make it to the market, when contracts would become more lucrative for outsourcing firms like his, he said.
Chinese CDMOs are established makers of biologic drugs, which require a higher threshold of regulatory approval than conventional medicines, said Helen Chen, Greater China Managing Partner at L.E.K. Consulting in Shanghai.
Hiring a new firm for complex work such as biologic manufacturing can take three to five years, she added. "It's really not something that (companies) just pick up and move like shoes."
STRONG GROWTH
India is seeking a bigger foothold in the pharma services sector to boost sales and reputation for its $42 billion pharmaceuticals industry.
But concerns over lax oversight persist. Nimgaonkar said Indian CDMOs need to do more to ensure their reputation on quality standards matches Western and Chinese ones.
In February, the U.S. Food and Drug Administration (FDA) warned against using an eye drop made in India linked to the outbreak of a drug-resistant bacteria in the United States that caused one death.
India-based research firm Mordor Intelligence estimates revenue from India's CDMO industry at $15.6 billion this year compared to $27.1 billion in China. But it estimates revenues from India's industry will grow, on average, at more than 11% annually over the next five years, compared to about 9.6% for China.
The Indian CDMOs told Reuters that their facilities are routinely inspected by the FDA. An FDA spokesperson declined to comment.
Piramal Pharma has this year received requests from clients for "backward integration to India", which means that even the most basic raw materials are sourced from the country instead of China, said DeYoung. Piramal buys about 15% of its raw materials from China but is trying to reduce that.
Sai Life Sciences said it almost doubled manufacturing capacity since 2019 and is adding another 25% in the next year or so to meet demand.
Ramesh Subramanian, chief commercial officer of Aragen, a privately-owned Indian firm that has grown from 2,500 to 4,500 employees in the past five years, said revenue growth of 21% last year was partly driven by new contracts with Western biotech firms. Aragen counts seven of the 10 biggest pharma companies as clients, he said, declining to name them.
The shift is particularly evident in drug discovery work for conventional pharmaceuticals.
"New biotechs are deciding to put eggs in both the Indian and China baskets from the start," Subramanian said.
(Reporting by Maggie Fick in London, Andrew Silver in Shanghai and Rishika Sadam in Hyderabad;
Editing by Michele Gershberg and Catherine Evans)
(([email protected]; +44 7890 916706;))
India's Syngene International Sept-Quarter Consol Profit Rises
Oct 17 (Reuters) - Syngene International Ltd SYNN.NS:
INDIA'S SYNGENE INTERNATIONAL SEPT-QUARTER CONSOL PROFIT 1.17 BILLION RUPEES VERSUS PROFIT 1.02 BILLION RUPEES
SYNGENE INTERNATIONAL SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.1 BILLION RUPEES VERSUS 7.68 BILLION RUPEES
Source text for Eikon: ID:nNSE8FXmq9
Further company coverage: SYNN.NS
(([email protected];))
Oct 17 (Reuters) - Syngene International Ltd SYNN.NS:
INDIA'S SYNGENE INTERNATIONAL SEPT-QUARTER CONSOL PROFIT 1.17 BILLION RUPEES VERSUS PROFIT 1.02 BILLION RUPEES
SYNGENE INTERNATIONAL SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 9.1 BILLION RUPEES VERSUS 7.68 BILLION RUPEES
Source text for Eikon: ID:nNSE8FXmq9
Further company coverage: SYNN.NS
(([email protected];))
India's Biocon names Peter Bains as group CEO
Adds details in para 2-4, background in 5
BENGALURU, Sept 18 (Reuters) - Indian drugmaker Biocon Ltd BION.NS on Monday appointed Peter Bains as the group's chief executive officer, effective immediately.
Bains, who was named as an independent director of the Biocon board in December last year, stepped down on Monday to assume the top charge, the company said in a statement.
"Peter has a unique fit and profile for the role having ... a comprehensive understanding of the Biocon Group ... having led Syngene for five years, (and) taking it through its very successful IPO in 2015," said Kiran Mazumdar-Shaw, Biocon group chairperson.
Bains, the first-ever group CEO, will report directly to Mazumdar-Shaw, the statement added.
A graduate of the University of Sheffield in the UK, Bains was associated with Biocon's research unit Syngene International SYNN.NS from 2010 to 2016, according to the company website.
He was named Syngene's CEO in April 2015, before retiring from the post a year later.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Shailesh Kuber and Sohini Goswami)
(([email protected]; X: @MukherjeeHritam;))
Adds details in para 2-4, background in 5
BENGALURU, Sept 18 (Reuters) - Indian drugmaker Biocon Ltd BION.NS on Monday appointed Peter Bains as the group's chief executive officer, effective immediately.
Bains, who was named as an independent director of the Biocon board in December last year, stepped down on Monday to assume the top charge, the company said in a statement.
"Peter has a unique fit and profile for the role having ... a comprehensive understanding of the Biocon Group ... having led Syngene for five years, (and) taking it through its very successful IPO in 2015," said Kiran Mazumdar-Shaw, Biocon group chairperson.
Bains, the first-ever group CEO, will report directly to Mazumdar-Shaw, the statement added.
A graduate of the University of Sheffield in the UK, Bains was associated with Biocon's research unit Syngene International SYNN.NS from 2010 to 2016, according to the company website.
He was named Syngene's CEO in April 2015, before retiring from the post a year later.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Shailesh Kuber and Sohini Goswami)
(([email protected]; X: @MukherjeeHritam;))
India's Syngene International hits record high as Q1 profit jumps
** Shares of Syngene International SYNN.NS rise as much as 6.7% to a record high of 813 rupees
** Co on Wednesday reported June-qtr profit of 753 mln rupees ($9.18 million) versus profit 732 mln rupees year ago
** Rev from ops rose 11% to 7.16 bln rupees during the qtr
** More than 2.5 mln shares change hands by 10:40 a.m. IST vs 5.2x 30-day avg of 478,994 shares
** SYNN trading above its moving average convergence divergence line (MACD), indicating bullish sentiment
** Analysts covering the stock on average have a "strong buy" rating; median PT is 750 rupees - Refinitiv data
** Stock up 30.3% YTD up to last close
($1 = 81.9975 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Syngene International SYNN.NS rise as much as 6.7% to a record high of 813 rupees
** Co on Wednesday reported June-qtr profit of 753 mln rupees ($9.18 million) versus profit 732 mln rupees year ago
** Rev from ops rose 11% to 7.16 bln rupees during the qtr
** More than 2.5 mln shares change hands by 10:40 a.m. IST vs 5.2x 30-day avg of 478,994 shares
** SYNN trading above its moving average convergence divergence line (MACD), indicating bullish sentiment
** Analysts covering the stock on average have a "strong buy" rating; median PT is 750 rupees - Refinitiv data
** Stock up 30.3% YTD up to last close
($1 = 81.9975 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
India's Syngene International June-Quarter Profit Rises
July 26 (Reuters) - Syngene International Ltd SYNN.NS:
JUNE-QUARTER PROFIT 753 MILLION RUPEES VERSUS PROFIT 732 MILLION RUPEES
JUNE-QUARTER REVENUE FROM OPERATIONS 7.16 BILLION RUPEES VERSUS 6.45 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SYNN.NS
(([email protected];;))
July 26 (Reuters) - Syngene International Ltd SYNN.NS:
JUNE-QUARTER PROFIT 753 MILLION RUPEES VERSUS PROFIT 732 MILLION RUPEES
JUNE-QUARTER REVENUE FROM OPERATIONS 7.16 BILLION RUPEES VERSUS 6.45 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: SYNN.NS
(([email protected];;))
India's Strides Pharma down; Syngene to buy unit in slump sale
** Shares of Strides Pharma Science SRID.NS fall as much as 7.2% to 448.7 rupees, biggest pct loss since May 25
** Co on Tuesday reported that unit Stelis Biopharma enters into binding term sheet with Syngene International SYNN.NS to divest its Unit 3 multi-modal facility situated at Bengaluru, India
** Syngene to acquire Unit 3 on a slump sale basis for gross consideration of 7.02 bln rupees ($85.43 million)
** More than 2.1 mln shares change hands by 01:30 p.m. IST vs 1.6x 30-day avg of 1.3 mln shares
** Stock up 38.2% YTD up to last close
($1 = 82.1725 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Strides Pharma Science SRID.NS fall as much as 7.2% to 448.7 rupees, biggest pct loss since May 25
** Co on Tuesday reported that unit Stelis Biopharma enters into binding term sheet with Syngene International SYNN.NS to divest its Unit 3 multi-modal facility situated at Bengaluru, India
** Syngene to acquire Unit 3 on a slump sale basis for gross consideration of 7.02 bln rupees ($85.43 million)
** More than 2.1 mln shares change hands by 01:30 p.m. IST vs 1.6x 30-day avg of 1.3 mln shares
** Stock up 38.2% YTD up to last close
($1 = 82.1725 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
India's Syngene up 6% as Q4 profit jumps; stock in overbought zone
** Shares of Syngene International Ltd SYNN.NS rise as much as 5.70% - biggest intraday gain in over six months - to 660 rupees
** Contract research company reports 21% year-on-year rise in consolidated profit to 1.79 bln rupees in March quarter
** Revenue from operations up 31% YoY, core profit rises 26% to 3.14 bln rupees rupees in Q4
** For the full financial year 2023, SYNN has reported its highest absolute rise in revenue and core profit in five years, co says in investor presentation
** Trading volume at 1.61 mln shares as of 9:50 a.m. IST, nearly quadruple the 30-day avg, most active trading session since the union budget on Feb. 1
** Relative strength index of the stock is 76, suggesting stock may be overbought - Refinitiv data
** Of the eight analysts tracking SYNN, seven maintain "buy" and one suggests "hold"; median TP is 723.50 rupees - Refinitiv data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Syngene International Ltd SYNN.NS rise as much as 5.70% - biggest intraday gain in over six months - to 660 rupees
** Contract research company reports 21% year-on-year rise in consolidated profit to 1.79 bln rupees in March quarter
** Revenue from operations up 31% YoY, core profit rises 26% to 3.14 bln rupees rupees in Q4
** For the full financial year 2023, SYNN has reported its highest absolute rise in revenue and core profit in five years, co says in investor presentation
** Trading volume at 1.61 mln shares as of 9:50 a.m. IST, nearly quadruple the 30-day avg, most active trading session since the union budget on Feb. 1
** Relative strength index of the stock is 76, suggesting stock may be overbought - Refinitiv data
** Of the eight analysts tracking SYNN, seven maintain "buy" and one suggests "hold"; median TP is 723.50 rupees - Refinitiv data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
India's Syngene International March-Quarter Consol Profit Rises
April 26 (Reuters) - Syngene International Ltd SYNN.NS:
MARCH-QUARTER CONSOL PROFIT 1.79 BILLION RUPEES VERSUS 1.48 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.94 BILLION RUPEES VERSUS 7.58 BILLION RUPEES
FINAL DIVIDEND OF 1.25 RUPEES PER SHARE
Source text for Eikon: [ID:]
Further company coverage: SYNN.NS
(([email protected];))
April 26 (Reuters) - Syngene International Ltd SYNN.NS:
MARCH-QUARTER CONSOL PROFIT 1.79 BILLION RUPEES VERSUS 1.48 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.94 BILLION RUPEES VERSUS 7.58 BILLION RUPEES
FINAL DIVIDEND OF 1.25 RUPEES PER SHARE
Source text for Eikon: [ID:]
Further company coverage: SYNN.NS
(([email protected];))
Upcoming Events:
Quarterly Results
Events:
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Bonus
Dividend
Dividend
Dividend
More Small Cap Ideas
See similar 'Small' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
-
Business
-
Financials
-
Share Price
-
Shareholdings
What does Syngene Internation. do?
Syngene International Limited, established in 1993, is a renowned CRMO offering integrated drug discovery and development services. With various certifications and accreditations, the company provides support from lead generation to clinical supplies.
Who are the competitors of Syngene Internation.?
Syngene Internation. major competitors are Piramal Pharma, Laurus Labs, Sun Pharma Adv. Res, Dishman Carbogen Amc, Zenotech Laboratorie, Vivo Bio Tech, Jeevan Scientific. Market Cap of Syngene Internation. is ₹29,268 Crs. While the median market cap of its peers are ₹3,296 Crs.
Is Syngene Internation. financially stable compared to its competitors?
Syngene Internation. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Syngene Internation. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Syngene Internation. latest dividend payout ratio is 9.85% and 3yr average dividend payout ratio is 10.26%
How has Syngene Internation. allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress
How strong is Syngene Internation. balance sheet?
Balance sheet of Syngene Internation. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Syngene Internation. improving?
The profit is oscillating. The profit of Syngene Internation. is ₹502 Crs for TTM, ₹510 Crs for Mar 2024 and ₹464 Crs for Mar 2023.
Is the debt of Syngene Internation. increasing or decreasing?
Yes, The debt of Syngene Internation. is increasing. Latest debt of Syngene Internation. is -₹361 Crs as of Sep-24. This is greater than Mar-24 when it was -₹985.3 Crs.
Is Syngene Internation. stock expensive?
Syngene Internation. is not expensive. Latest PE of Syngene Internation. is 58.36, while 3 year average PE is 60.28. Also latest EV/EBITDA of Syngene Internation. is 28.65 while 3yr average is 31.89.
Has the share price of Syngene Internation. grown faster than its competition?
Syngene Internation. has given lower returns compared to its competitors. Syngene Internation. has grown at ~8.65% over the last 2yrs while peers have grown at a median rate of 25.07%
Is the promoter bullish about Syngene Internation.?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Syngene Internation. is 52.74% and last quarter promoter holding is 54.72%
Are mutual funds buying/selling Syngene Internation.?
The mutual fund holding of Syngene Internation. is increasing. The current mutual fund holding in Syngene Internation. is 15.4% while previous quarter holding is 13.58%.