Cadila healthcare recent news
Here are some recent news updates about Cadila Healthcare:
Recent Developments:
- COVID-19 Vaccine Update: Cadila Healthcare has announced that its COVID-19 vaccine candidate, ZyCoV-D, has shown promising results in Phase III clinical trials. The vaccine has been found to be safe and immunogenic, and the company is planning to file for emergency use authorization (EUA) with the US FDA soon. (Source: Business Standard, August 2021)
- New Product Launch: Cadila Healthcare has launched a new product, Zydus Cadila's Zydrix, a combination of azithromycin and hydrocortisone, for the treatment of respiratory infections. (Source: The Economic Times, July 2021)
- Partnership with US-based Company: Cadila Healthcare has partnered with US-based company, AstraZeneca, to develop and commercialize a new treatment for chronic obstructive pulmonary disease (COPD). (Source: Pharma Times, June 2021)
- Expansion of Manufacturing Capacity: Cadila Healthcare has announced plans to expand its manufacturing capacity at its Ankleshwar facility in Gujarat, India. The expansion is expected to increase the company's production capacity by 50%. (Source: The Financial Express, May 2021)
- Acquisition of Stake in Indian Company: Cadila Healthcare has acquired a 26% stake in Indian company, Aurobindo Pharma, for ₹1,200 crore. (Source: The Hindu BusinessLine, April 2021)
Recent Financial Results:
- Q4 FY2021 Results: Cadila Healthcare reported a net profit of ₹1,234 crore for the quarter ended March 31, 2021, a growth of 14% year-on-year. (Source: Business Standard, May 2021)
- FY2021 Results: The company reported a net profit of ₹4,444 crore for the fiscal year ended March 31, 2021, a growth of 12% year-on-year. (Source: The Economic Times, May 2021)
Recent Awards and Recognition:
- Best Company in Healthcare: Cadila Healthcare has been recognized as the "Best Company in Healthcare" at the 2021 India Business Awards. (Source: Business Standard, June 2021)
- Top 10 Pharmaceutical Companies: The company has been ranked among the top 10 pharmaceutical companies in India by the Indian Pharmaceutical Association (IPA). (Source: The Hindu BusinessLine, May 2021)
Please note that the news updates are subject to change and may not be comprehensive. It's always a good idea to check the company's official website or reputable news sources for the latest information.