Hot Pursuit     18-Apr-24
Shilpa Medicare rises after marketing partner launches pemetrexed formulation in US
Shilpa Medicare advanced 1.61% to Rs 549.15 after the company informed that its marketing partner, Amneal Pharmaceuticals, has launched 'PEMRYDI RTU’ (Pemetrexed injection), a ready-to-use pemetrexed formulation, in the US market.

Pemetrexed injection is used as a drug, in the treatment of non-small cell lung cancer in combination with other chemotherapy agents. It is also indicated in the treatment of mesothelioma in combination with cisplatin.

"PEMRYDI RTU’ is a novel ready-to-use injection which eliminates the need for refrigeration or reconstitution and dilution for administration to the patient. This offers hospitals and oncology clinics a new, value-added presentation that should improve pharmacy efficiency by eliminating preparation steps and freeing up refrigerator space.

According to IQVIA, U.S. annual sales for pemetrexed for the 12 months ended February 2024 were $287 million.

Raichur-based Shilpa Medicare is a vertically integrated, manufacturer and distributor of quality drugs to global markets; specializing in the oncology therapeutic segment and introducing novel drugs focusing on patient convenience and compliance.

The company’s consolidated net profit stood at Rs 4.58 crore in Q3 FY24 as compared with net loss of Rs 6.62 crore posted in Q3 FY23. Net sales stood at Rs 286.48 crore in Q3 FY24, up 9.1% year on year.

Previous News
  Shilpa Medicare spurts as Bengaluru facility registers with Ministry of Health, UAE
 ( Hot Pursuit - 16-Feb-23   15:17 )
  Shilpa Medicare reports standalone net profit of Rs 6.60 crore in the September 2023 quarter
 ( Results - Announcements 11-Nov-23   07:44 )
  Shilpa Medicare sizzles after Unicycive gets positive results in clinical trials of OLC
 ( Hot Pursuit - 05-Jul-24   14:52 )
  Shilpa Medicare's Bengaluru facility gets registered with Ministry of Health, UAE
 ( Corporate News - 16-Feb-23   14:39 )
  Shilpa Medicare Unit III R&D facility in Bengaluru clears USFDA review
 ( Hot Pursuit - 19-Nov-21   13:42 )
  Sequent Scientific Ltd leads gainers in 'A' group
 ( Hot Pursuit - 09-Mar-23   12:00 )
  Shilpa Medicare acquires US-based Pilnova Pharma
 ( Corporate News - 02-Nov-23   19:11 )
  Shilpa Medicare AGM scheduled
 ( Corporate News - 05-Sep-23   15:26 )
  Shilpa Medicare to convene board meeting
 ( Corporate News - 04-Feb-23   13:49 )
  Shilpa Medicare to hold board meeting
 ( Corporate News - 12-Oct-21   10:58 )
  Shilpa Medicare gains on launching generic anticancer drug
 ( Hot Pursuit - 24-Apr-20   11:30 )
Other Stories
  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
  Utkarsh SFB deposits climb 30% YoY in Q1 FY25
  05-Jul-24   14:35
  Volumes soar at Medplus Health Services Ltd counter
  05-Jul-24   14:30
  Financials stocks slide
  05-Jul-24   14:00
  Banking stocks edge lower
  05-Jul-24   14:00
Back Top