Comments
Shares of pharma company Cipla on Tuesday gained over 1 per cent after the firm acquired brand name and trademark rights of Vysov for anti-diabetic drug Vildagliptin.
On the Bombay Stock Exchange (BSE), the shares rose up to 1.61 per cent to Rs 466 per unit.
The stock gained as much as 1.73 per cent to trade at Rs 464.25 apiece on the National Stock Exchange (NSE).
The homegrown pharma major on Monday said it has acquired brand name and trademark rights for Vysov for anti-diabetic drug Vildagliptin for the Indian market from Novartis.
Cipla has been co-marketing Vildagliptin in agreement with Novartis under brand names Vysov and Vysov M (Vildagliptin plus Metformin), the company said in a regulatory filing.
The market size of Vildagliptin in India is Rs 818 crore as per IQVIA MAT data of November 2019, Cipla said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.