New Covid-19 drugs provide additional fuel as Cipla fires on all cylinders

Topics Cipla | Compass

Cipla’s stock surged nearly 8 per cent on Friday, following the recall of Albuterol — a respiratory product by its competitor Perrigo, in the US — over concerns that some units may not dispense properly because of clogging issues.  This move is expected to benefit both Cipla and Lupin. Cipla is estimated to gain additional $20 million sales during September-December 2020 following the recall by Perrigo say analysts at a foreign brokerage. Also there could be more gains beyond the period as company gains market share and could lead to 4-6 per cent earnings upside.....

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