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Shilpa Medicare's joint venture with Zydus, Oncosol, has received USFDA approval for IMKELDI, the first oral liquid formulation of imatinib for certain cancers. This innovative delivery system aims to improve patient adherence and dosing precision, particularly for those who struggle with swallowing. The company reported a significant rise in net profit and revenue for the September quarter, marking eight consecutive quarters of EBITDA improvement.
On Friday, traders are advised to consider strategies for stocks including Ashok Leyland, DLF, HFCL, NALCO, Shilpa Medicare, and CDSL. Additionally, there is an option to receive push notifications for relevant content and transaction updates.
Shilpa Medicare shares surged over 6% following the approval of two Certificates of Suitability (CEP) from the EDQM for its subsidiary, Shilpa Pharma Lifesciences. The stock has skyrocketed 180% year-to-date, significantly outperforming the Nifty 50"s 9% gain. The first CEP, for Octreotide, aids in treating acromegaly and related conditions, while the second, for Nifedipine, is used to manage hypertension and angina.
Medplus Health, PG Electroplast, Shilpa Medicare, Themis Medicare, and Waaree Energies are set to be in focus on Tuesday due to significant market activities. In quarterly earnings, Godavari Biorefineries reported a widened loss of Rs 75 crore for Q2, compared to a loss of Rs 65.1 crore in the previous year.
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