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emerging therapies and market dynamics for acute bacterial skin infections
DelveInsight's report on Acute Bacterial Skin and Skin-Structure Infections (ABSSSI) forecasts significant market growth by 2034, driven by rising prevalence and awareness. Key players include Glenmark Pharma and AbbVie, with therapies like Zevtera and Dalbavancin leading the charge. The report highlights a higher incidence in men and notes nearly 870,000 hospital admissions in the U.S. due to ABSSSI in 2004.
global bisoprolol fumarate market poised for significant growth through 2032
The Global Bisoprolol Fumarate market is projected to grow from USD 1.3 billion in 2023 to USD 2.0 billion by 2032, with a CAGR of 7%. This medication, primarily used for hypertension and heart-related conditions, is expected to see increased demand driven by regulatory changes and market dynamics across various regions, particularly in Europe and Asia-Pacific. Key players include Merck, Pfizer, and Novartis, with a focus on understanding market trends and competitive strategies.
Global Generic Pharmaceuticals Market Sees Growth in Simple Generics and Biosimilars
India's "Pharmaceuticals Mission" aims to boost generic production, with simple generics leading the market due to cost-effectiveness and ease of manufacturing. Cardiovascular diseases drive demand, while small molecules dominate product types. Retail pharmacies remain the preferred distribution channel, and key players like Cipla and Teva are expanding their offerings.
Glenmark Pharmaceuticals receives buy rating with target price of 1894 rupees
KR Choksey has maintained a "BUY" rating for Glenmark Pharmaceuticals with a target price of INR 1,894. The company"s revenue growth was supported by strong performance in India and Europe, although EBITDA fell short due to higher employee and other expenses. Adjusted net profit exceeded estimates, driven by lower depreciation and tax expenses, with expectations of 6.7% revenue growth and 42.5% adjusted PAT growth over FY24-FY26E.
hsbc lowers glenmark pharma target while morgan stanley upgrades suzlon energy
HSBC has maintained a hold rating on Glenmark Pharma, reducing its target price to ₹1,600 from ₹1,660, citing a disappointing Q2 performance due to higher overheads, despite strong sales in India. Meanwhile, Morgan Stanley has upgraded Suzlon Energy, highlighting positive market sentiment. Glenmark"s future growth hinges on new launches and improved execution in the US market, with plans for significant R&D investment in the coming years.
markets outlook this week hero moto and glenmark in focus
Markets are set to experience notable movements this week, with particular attention on Hero Moto and Glenmark. Investors are encouraged to stay informed and receive updates on their transactions through push notifications for relevant content.
Glenmark Pharmaceuticals reports strong Q2 earnings with revenue growth
Glenmark Pharmaceuticals reported a PAT of Rs 354 crore for the September quarter, with consolidated total revenue from operations reaching Rs 3,433.8 crore, up from Rs 3,207.37 crore in the same period last year. Total expenses decreased slightly to Rs 3,000.64 crore compared to Rs 3,008 crore a year ago.
Glenmark Pharma reports strong Q2 profit driven by India and Europe markets
Glenmark Pharmaceuticals reported a consolidated net profit of Rs 354.5 crore for Q2 FY25, rebounding from a loss of Rs 180.3 crore in the same quarter last year. Revenue from operations increased by 7.1% to Rs 3,433 crore, driven by strong performances in the Indian and European markets, particularly in cardiac and dermatology sectors. Despite a slight revenue drop in North America, the company’s EBITDA grew by 30.2% to Rs 601.9 crore, with margins at 17.5%.
companies report mixed q2 earnings as market sentiment adjusts
On November 14, 1,181 companies, including Hero MotoCorp, HAL, and Glenmark, are set to report their Q2 earnings, reflecting diverse sectoral trends. Eicher Motors achieved record revenue despite a slight sales volume decline, while Vodafone Idea reported a narrowed net loss amid a shrinking subscriber base. The market showed signs of recovery after recent declines, with the BSE Sensex and Nifty 50 gaining points in early trading.
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