Thursday, December 17, 2009

[Investors] Ipca Event update ; Raises target price to Rs1107; BUY


Ipca Laboratories has received approval for its Anti-malarial finished fixed dose combination formulation - Artemether + Lumefantrine under WHO's Prequalification Programme. IPCA is the 4th Company in the World to have pre-qualification for this product. Ipca's API - Artemether and Lumefantrine are already approved by WHO. IPCA currently manufactures and supplies Artemether and Lumefantrine APIs to many of its customers in several countries across the globe.

With this approval, Ipca is the only company in the world who has WHO pre-qualification for both API as well as formulation. The total market for this combination is around 200mn treatment (each treatment cost US$1 to 1.33). The addressable market is US$200-250mn.

As of now, Novartis (brand name Coartem) is the major supplier to UNICEF and other agencies. Novartis procures the API from Chinese company. Ajanta Pharma of India has recently got approval for this combination and Ipca is supplying them one of the API. With this approval, now Ipca can participate in the UNICEF/ PAHO tender next year (annual tender; tender will be finalized by May-June 2010)

--
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
 
You received this message because you are subscribed to the Google Groups "Investors Please Listen !" group.
To post to this group, send email to investorspleaselisten@googlegroups.com
To unsubscribe from this group, send email to
investorspleaselisten+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/investorspleaselisten?hl=en

No comments:

Blog Archive

Life Insurance | Health Insurance | Auto Insurance


Investors Please Listen !

 
More than 100 kinds of Insurance products from more than
20 companies under one roof.



Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
Powered by Olark
Advertising Learn to Invest