Hot Pursuit     16-Apr-21
Vivimed Labs soars on regulatory nod for three products
Vivimed Labs surged 15.50% to Rs 19.75 after the company said it received approvals for three products from its manufacturing site in Hyderabad.

The first approval is for Bilastine tablets 20mg under brand name 'FLUSTIN'. Bilastine is a second-generation antihistamine. The drug is used in the treatment of allergic rhino conjunctivitis and urticaria (hives).

The second approval is for Ornidazole and Otloxacin tablets under brand name 'ORZOLE COMBI'. Ornidazole 500mg + Ofloxacin 200mg tablets is used in the treatment of bacterial and parasitic infections. It is used to treat gastrointestinal infections such as acute diarrhoea or dysentery, gynaecological infections, lung infections and urinary infections.

The third approval is for Paracetamol 125mg/5ml and Chlorpheniramine Maleate Syrup 2mg/5ml 100ml under brand name 'FEBRIL'.

Paracetamol, also known as acetaminophen, is a medication used to treat fever and mild to moderate pain. Chlorpheniramine Maleate is an antihistamine used to treat the symptoms of allergic conditions such as allergic rhinitis. Menthol is a topical analgesic. It works by temporarily relieving minor pain.

Commenting on the approvals, Ramesh Krishnamurthy, CEO of Vivimed Labs, said: "These 3 approvals are testimony to high quality team work of Vivimed 's end to end team. Branded exports is strategic thrust of 'New and Vibrant Vivimed'. The approvals are testimony to Vivimed 's growth strategy."

Vivimed Labs is a pharmaceutical and chemical products company. The company's segments include speciality chemicals and pharmaceuticals.

On a consolidated basis, Vivimed Labs posted a net loss of Rs 49.55 crore in Q3 FY21 as against a net loss of Rs 32.07 crore in Q3 FY20. Net sales jumped 40.6% year on year to Rs 277.94 crore in Q3 FY21.

Previous News
  Vivimed Labs to convene AGM
 ( Corporate News - 17-Aug-18   12:42 )
  Vivimed Labs consolidated net profit declines 17.17% in the September 2018 quarter
 ( Results - Announcements 16-Nov-18   17:00 )
  Vivimed Labs to hold board meeting
 ( Corporate News - 01-Feb-21   17:06 )
  Vivimed Labs Ltd Spikes 2.33%
 ( Hot Pursuit - 17-Jun-19   09:30 )
  Vivimed Labs to hold AGM
 ( Corporate News - 05-Dec-20   15:04 )
  Vivimed Labs gains after subsidiary divests certain products
 ( Hot Pursuit - 25-Jul-16   12:50 )
  Vivimed Labs reports standalone net profit of Rs 1.69 crore in the September 2017 quarter
 ( Results - Announcements 17-Nov-17   17:04 )
  Vivimed Labs hits the roof after Uzbekistan govt approves Febril syrup
 ( Hot Pursuit - 22-Feb-21   15:16 )
  Vivimed Labs consolidated net profit declines 17.80% in the September 2017 quarter
 ( Results - Announcements 17-Nov-17   17:05 )
  Vivimed Labs Ltd Slips 16.57%
 ( Hot Pursuit - 27-Jun-19   09:45 )
  Vivimed Labs to hold AGM
 ( Corporate News - 19-Aug-16   12:51 )
Other Stories
  Tata Motors JLR wholesale rises 5% YoY in Q1
  06-Jul-24   13:01
  Marico's domestic biz sees modest volume growth in Q1
  06-Jul-24   12:25
  Titan revenue rises 9% YoY, adds 61 stores in Q1
  06-Jul-24   11:09
  Dabur India expects mid to high digit revenue growth in Q1
  06-Jul-24   10:40
  Dhanlaxmi Bank gains as gross advances rises 6% YoY in Q1 FY25
  05-Jul-24   15:27
  HDFC Bank Ltd leads losers in 'A' group
  05-Jul-24   15:00
  Shilpa Medicare sizzles after Unicycive gets positive results in clinical trials of OLC
  05-Jul-24   14:52
  Manugraph India Ltd leads losers in 'B' group
  05-Jul-24   14:45
  NSE SME Nephro Care India rallies on listing day
  05-Jul-24   14:45
  ESAF SFB total deposits jumps 33% YoY in Q1
  05-Jul-24   14:43
Back Top