Senores Pharmaceuticals to increase stake in Havix to 54.96%
Havix was incorporated under the laws of the State of Delaware on February 17, 2015
Havix was incorporated under the laws of the State of Delaware on February 17, 2015
The basket acquired, comprises of 13 ANDAs, which are approved by the USFDA and 1 ANDA, which is pending approval from the USFDA
This is Senores' second API manufacturing facility adding significantly to the existing API manufacturing capabilities.
PAT after MI is Rs. 41 crore which is 162% increase
The company's portfolio includes 21 commercialized products, 19 approved ANDAs, 4 CGT designations, 6 filed ANDAs, and 45 products in its pipeline
The product will be marketed by Dr. Reddy's
The proceeds from its fresh issuance to the extent of Rs 107 crore will be utilized for funding the capital expenditure requirements
The Toradol tablets, 10 mg brand and generic had U.S. sales of approximately US $ 16.8 million MAT for the most recent twelve months ending in March 2022 according to IQVIA
Company leadership is framing the move as transformational.
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