He further said: "On our endeavour towards our differentiated products basket, we are happy to state that we have completed phase I clinical trials for our first biosimilar and started trials for three more products. We reiterate that we are committed to resolving all pending regulatory issues."
During the second quarter, the company said its US formulation revenue stood at Rs 3,189.8 crore as against Rs 2,835.5 crore in same period last fiscal, a growth of 12.5 per cent, while Europe formulation revenue was at Rs 1,514.8 crore, a growth of 8.1 per cent from the year-ago quarter.
The company said it received final approval for 10 ANDAs (abbreviated new drug applications) from USFDA.
Its board has also approved a second interim dividend of 125 per cent at Rs 1.25 per equity share of Re 1 for the financial year 2020-21.
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