Packaging | September 22, 2021
SCHOTT expands tubing capacity in India
In India, almost all approved vaccines are packed in FIOLAX glass made by SCHOTT
In India, almost all approved vaccines are packed in FIOLAX glass made by SCHOTT
A long waiting period for critical equipment and a 50% hike in the cost of APIs imported from China are among the immediate challenges
The segment delivered strong sales growth of 20% YoY
In H1FY21, it attracted PE deals worth US $ 1.6 billion compared to US $ 3 billion in CY2020
It is the only biopharmaceutical company in India to offer all three dosage strengths of the drug (125mcg, 250mcg, and 500mcg)
Serum buys 50 per cent stake in Indian joint venture of SCHOTT Kaisha
The company reports revenue growth of 26% and PAT growth of 21% YoY
Ibuprofen and Famotidine Tablets is an AB-rated generic therapeutic equivalent version of Horizon Medicines LLC’s Duexis Tablets, 800 mg/26.6 mg
Vikas Lifecare has already paid Rs. 25 million to the Advik bankers till date and the remaining amount shall also be paid within July 2021, making Advik a debt free company
The company expects to see steady performance led by new launches and gradual normalization post the scale-up in vaccination
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