Tillkännagivande • Jul 28
Cipla Limited Receives U.S. Fda Approval for Generic Advair Diskus Cipla Limited has received U.S. Food and Drug Administration (FDA) approval for its Abbreviated New Drug Application (ANDA) for Generic Advair Diskus (fluticasone propionate and salmeterol inhalation powder) in all three strengths—100/50 mcg, 250/50 mcg, and 500/50 mcg. The product is a therapeutically equivalent version of Advair Diskus, a widely prescribed combination therapy indicated for the treatment of asthma and chronic obstructive pulmonary disease (COPD). According to IQVIA, the U.S. market for fluticasone propionate and salmeterol inhalation powder is approximately $908 million. This approval represents Cipla's first dry powder inhaler (DPI) approval from its U.S.-based manufacturing network, marking a significant milestone in the company's continued expansion of complex respiratory capabilities in the United States. Backed by Cipla's vertically integrated inhalation platform, the product reflects the company's commitment to strengthening U.S. manufacturing capabilities for complex respiratory treatments. This approval marks the first dry powder inhaler from Cipla's New York facility and reflects targeted investments in building differentiated inhalation manufacturing capabilities in the U.S. It strengthens the ability to provide reliable, high-quality supply in an important and competitive category. Tillkännagivande • Jul 25
Cipla Limited Announces Cessation of Sanjay Joseph as Senior Managerial Personnel, Effective July 24, 2026 Cipla Limited announced that the Board of Directors of the Company, at its meeting held on 23rd July, 2026, has inter-alia approved the change in reporting of Mr. Sanjay Joseph, Head - API Business. Consequent to this change, he will cease to be Senior Managerial Personnel (SMP) with effect from 24th July, 2026. Tillkännagivande • Jun 25
Cipla Limited to Report Q1, 2027 Results on Jul 23, 2026 Cipla Limited announced that they will report Q1, 2027 results on Jul 23, 2026 Tillkännagivande • Jun 17
Cipla Limited Appoints Shivam Puri as Chief Executive Officer of Its One India Business, Effective July 1, 2026 Cipla Limited has appointed Shivam Puri, the Managing Director and Chief Executive Officer of Cipla Health, as Chief Executive Officer of its One India Business. According to a BSE filing, the appointment is effective from July 1, 2026.Puri is currently the Managing Director and Chief Executive Officer of Cipla Health Limited, a wholly owned subsidiary of Cipla Limited focused on consumer healthcare and wellness products which he took over in 2019. Under his leadership, Cipla Health has rapidly expanded its portfolio and strengthened its presence across key consumer categories such as smoking cessation, pain care, cough and cold, skin care, hair care, nutrition etc. He has played a pivotal role in transforming the Cipla Health business from a small startup venture into one of India's leading fast-moving wellness goods companies over the last 7 years. With over 23 years of leadership experience across both FMCG and healthcare sectors, he brings strong commercial acumen and consumer-centric expertise to Cipla. Prior to joining Cipla Health in 2019, Mr. Puri held senior leadership roles at Hindustan Unilever Limited, Jubilant FoodWorks Limited and ITC Limited. Tillkännagivande • May 14
Cipla Limited announces Annual dividend Cipla Limited announced Annual dividend of INR 13.0000 per share, ex-date on June 05, 2026 and record date on June 05, 2026. Tillkännagivande • May 13
Cipla Limited, Annual General Meeting, Jun 25, 2026 Cipla Limited, Annual General Meeting, Jun 25, 2026. Tillkännagivande • Apr 30
Pfizer Inc. Enters into Settlement Agreements with Dexcel Pharma, Hikma Pharmaceuticals and Cipla Ltd for VYNDAMAX Pfizer Inc. announced that it has entered into settlement agreements with generic drug manufacturers Dexcel Pharma, Hikma Pharmaceuticals and Cipla Ltd, regarding lawsuits filed in the U.S. District Court for the District of Delaware for infringement of patents relating to VYNDAMAX (tafamidis), a treatment for cardiomyopathy transthyretin-mediated amyloidosis (ATTR-CM). These settlements extend the effective U.S. patent expiry date for VYNDAMAX to June 1, 2031, subject to the outcome of other litigation. Pfizer had previously anticipated a significant decline in U.S. revenues for VYNDAMAX beginning in 2029 upon patent expiry. As a result of this settlement, revenues are now expected to remain relatively stable from 2028 through mid-2031. VYNDAMAX remains the market leader with 75% of prescription volume within the overall ATTR-CM market. As the only once-daily capsule approved for ATTR-CM with statistically significant reductions in both all-cause mortality and cardiovascular-related hospitalizations with a demonstrated safety profile comparable to placebo, VYNDAMAX is backed by over seven years of market leadership and data from more than 7,000 patients across clinical trials and the largest ATTR-CM registry to date. As of December 31, 2025, Pfizer discontinued the supply of VYNDAQEL in the United States with VYNDAMAX remaining available for eligible patients. The decision followed consultation with clinical experts and patient advocates who agreed that a single-capsule taken once daily enhances patient-centered care and convenience, particularly for those with concomitant conditions requiring multiple oral medications. Tillkännagivande • Apr 23
Cipla Limited Announces U.S. Fda Approval for First Ab-Rated Generic of Ventolin Hfa Cipla Limited and its wholly owned subsidiary Cipla USA Inc. announced that it has received final approval for its Abbreviated New Drug Application (ANDA) for Albuterol Sulfate Inhalation Aerosol, 90 mcg per actuation from the United States Food and Drug Administration (USFDA). It is the first AB–rated generic therapeutic equivalent of Ventolin HFA, marketed by GlaxoSmithKline. Albuterol Sulfate Inhalation Aerosol is indicated for the treatment or prevention of bronchospasm in adult and pediatric patients aged four years and older with reversible obstructive airway disease, as well as for the prevention of exercise–induced bronchospasm in patients aged four years and older. According to IQVIA, the total U.S. albuterol market is valued at approximately $1,500 million. This approval enhances Cipla's U.S. respiratory portfolio and reinforces its leadership in the albuterol inhalation category, with approved generics for both Ventolin HFA and Proventil HFA. The product is backed by Cipla's vertically integrated inhalation platform, reflecting the company's continued investment in U.S.-based manufacturing for complex respiratory therapies. The product will be manufactured at Cipla's newly constructed, dedicated inhalation facility in Fall River, Massachusetts, reinforcing both supply resilience and domestic manufacturing footprint. Tillkännagivande • Apr 11
Cipla Limited to Report Q4, 2026 Results on May 13, 2026 Cipla Limited announced that they will report Q4, 2026 results on May 13, 2026 Tillkännagivande • Mar 17
Fennec Pharmaceuticals Inc. Settles Patent Litigation with Cipla Limited and Cipla Usa, Inc. Regarding Pedmark Fennec Pharmaceuticals Inc. had entered into an agreement with Cipla Limited and Cipla USA Inc. to settle the litigation between them regarding Cipla’s application to FDA for approval to market a generic version of Fennec’s PEDMARK (sodium thiosulfate injection) product. Under the terms of the agreement, the lawsuit will be dismissed with each party bearing their own costs, and Cipla will not enter the market with its generic sodium thiosulfate product until September 1, 2033, or earlier under certain circumstances. Tillkännagivande • Dec 23
Cipla Limited to Report Q3, 2026 Results on Jan 23, 2026 Cipla Limited announced that they will report Q3, 2026 results on Jan 23, 2026 Tillkännagivande • Sep 24
Cipla Limited to Report Q2, 2026 Results on Oct 30, 2025 Cipla Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Tillkännagivande • Jul 02
Cipla Limited to Report Q1, 2026 Results on Jul 25, 2025 Cipla Limited announced that they will report Q1, 2026 results on Jul 25, 2025 Tillkännagivande • May 15
Cipla Limited Recommends Special Dividend for the financial year ended March 31, 2025 The Board of Directors of the Cipla Limited recommended special dividend of INR 3 per equity share on the occasion of completing 90 years of the Company, taking the total dividend to INR 16 per equity share (face value INR 2 each) for the financial year ended 31st March, 2025. The dividend, upon approval by the shareholders, will be paid to shareholders within 30 days from the date of the Annual General Meeting. The record date for the purpose of payment of final dividend, if declared, shall be 27th June, 2025. Tillkännagivande • May 14
Cipla Limited announces Annual dividend, payable on August 15, 2025 Cipla Limited announced Annual dividend of INR 13.0000 per share payable on August 15, 2025, ex-date on June 27, 2025 and record date on June 27, 2025. Tillkännagivande • May 13
Cipla Limited, Annual General Meeting, Jul 16, 2025 Cipla Limited, Annual General Meeting, Jul 16, 2025. Tillkännagivande • Apr 08
Cipla Limited to Report Q4, 2025 Results on May 13, 2025 Cipla Limited announced that they will report Q4, 2025 results on May 13, 2025 Tillkännagivande • Feb 21
Cipla Limited Receives Final Approval from United States Food and Drug Administration for New Drug Application Submit for Nilotinib Capsules 50, 150 and 200 Mg Cipla Limited announced that it has received final approval from the United States Food and Drug Administration (USFDA) for the New Drug Application (NDA) submitted for Nilotinib Capsules 50, 150 and 200 mg on 19 February 2025. Nilotinib is an oncology category product in capsule form for oral consumption and is used for treatment of philadelphia chromosome positive chronic myeloid leukemia (CML). The product is expected to be launched in the financial year 2025-2026 in the United States of America. Tillkännagivande • Jan 28
Cipla Limited Approves the Elevation of Achin Gupta as Global Chief Operating Officer, Effective 1 February 2025 Cipla Limited announced that at its board meeting held on 28 January 2025 has approved the elevation of Mr. Achin Gupta, Chief Executive Officer One India Business (SMP) as the Global Chief Operating Officer (GCOO) of the company with effect from 1 February 2025. Terms of appointment: Full-time employment. Achin Gupta joined Cipla in 2021 as CEO One India business and has been a part of the Management Council. He has led successful growth and transformation of One India business with market beating, double digit growth in revenue & strong growth in profitability, thereby consolidating Cipla's position as the #1 ranked company by volumes. This has been driven by deepening presence in chronic therapies, expansion into Tier 2-6 geographies, establishing category leadership in Wellness brands & building a future-fit trade generics business with direct customer reach. He has also driven strategic partnerships with MNCs positioning Cipla as the preferred partner for in-licensing deals and Innovation portfolio. Achin has reinforced Cipla as a highly patient centric, purpose-driven organization with innovation, execution excellence and digital transformation as the core strengths through launch of Cipla Digital Health, Retail Task Force & multiple consumer centric initiatives which have been recognized in prestigious forums. Achin holds a M Tech degree from IIT Delhi, specializing in Biochemical Engineering and Biotechnology and an MBA from IIM, Ahmedabad. In over two decades of his career, Achin has built a strong track record as an entrepreneurial leader, establishing new businesses across markets in India, Europe and emerging markets. Tillkännagivande • Jan 23
Cipla Limited Announces Resignation of Rajeev Kumar Sinha as Global Chief Manufacturing Officer, Effective April 2, 2025 Cipla Limited announced that Mr. Rajeev Kumar Sinha, Global Chief Manufacturing Officer and Senior Management Personnel of the Company has resigned due to personal reasons. His last working day will be 2nd April 2025. Tillkännagivande • Jan 06
Cipla Limited to Report Q3, 2025 Results on Jan 28, 2025 Cipla Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 28, 2025 Tillkännagivande • Dec 02
Cipla Promoters Reportedly May Sell 1.72% Stake Worth INR 20,000 Million via Block Deal Promoters of Cipla Limited (NSEI:CIPLA) are expected to sell shares worth INR 20,000 million through a block deal, according to sources cited in a CNBC-TV18 report. Samina Hamied and Rumana Hamied – daughters of MK Hamied, Vice-Chair and Non-Executive Director on the Cipla board – are planning to sell a 1.72% stake in the company. The floor price for the sale has been set at INR 1,442 per share, reflecting a 6% discount to the current market price. Kotak Securities is likely to serve as the broker for the transaction. The block deal is described as a clean-out trade, indicating that the promoters intend to completely exit their holdings. Earlier in May, the promoters of Cipla had sold a 2.53% stake for INR 27,510 million in a block deal on the NSE. According to the NSE block deal data, Shirin Hamied, wife of MK Hamied, and her two daughters, and Okasa Pharma Private Ltd, all categorised as the promoter group, had then sold 20.4 million shares at INR 1,345 apiece. Tillkännagivande • Oct 16
Cipla, Alkem Laboratories Reportedly in Final Lap to Buy SMT Cipla Limited (NSEI:CIPLA) and Alkem Laboratories Limited (NSEI:ALKEM) have emerged as the frontrunners to acquire a controlling stake in Sahajanand Medical Technologies Limited (SMT), India's largest cardiac stent maker, said people in the know. This follows the withdrawal of rival private equity contenders KKR TPG Capital and Apax Partners after showing initial interest. The deal is expected to value SMT at INR 35,000 million-INR 40,000 million, and binding offers are due by next week, the people said. Promoters of SMT—the Kotadia family— plan to keep a minority stake after the transaction that would see other shareholders also divest their holdings. “They could retain about 15-20% stake post the deal,” said one of the persons cited above. Morgan Stanley PE Asia (Morgan Stanley Private Equity Asia, Inc.) and Samara Capital Markets Holding Limited collectively own 49% of SMT, while Kotak Pre-IPO Opportunities Fund has a 6% stake. The Kotadias own the remaining 45%. SMT is also simultaneously working on plans for a domestic public listing if the shareholders don't get the desired valuation from the stake sale, the people said. They added that an IPO is likely to fetch a comparatively higher valuation for the company. SMT had filed a draft prospectus in 2022 with the market regulator to launch a INR 15,000 million IPO but eventually put the plans in abeyance. A spokesperson for SMT declined to comment. Samara Capital, Morgan Stanley PE Asia, Cipla, and Alkem did not respond to ET's queries. Tillkännagivande • Oct 14
Cipla Limited Announces Executive Appointments Cipla Limited approved appointments of Ms Maya Hari as an Independent Director of the Company and Mr. Kamil Hamied as a Non-Executive Director of the Company. Tillkännagivande • Oct 02
Cipla Limited to Report Q2, 2025 Results on Oct 29, 2024 Cipla Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Tillkännagivande • Sep 04
Cipla Limited Announces Resignation of M K Hamied as Vice Chairman and Non-Executive Director, Effective October 29, 2024 Cipla Limited announced that at the board meeting held on September 3, 2024, Mr. M K Hamied has resigned from the position of Vice Chairman and Non-Executive Director of the Company with effect from close of business hours of October 29, 2024 due to age and health. Tillkännagivande • Aug 21
Cipla Limited Announces Retirement of S. Radhakrishnan, Non-Executive Director Cipla Limited announced that Mr. S. Radhakrishnan, Non-Executive Director (DIN: 02313000), has retired from Directorship of the Company with effect from the conclusion of 88th Annual General Meeting of the Company held 20th August 2024. Tillkännagivande • Jul 05
Cipla Limited to Report Q1, 2025 Results on Jul 26, 2024 Cipla Limited announced that they will report Q1, 2025 results on Jul 26, 2024 Tillkännagivande • May 22
Exelixis Announces Settlement of CABOMETYX® (cabozantinib) Patent Litigation with Cipla Limited and Cipla USA Exelixis, Inc. announced that it has entered into a Settlement and License Agreement (Agreement) with Cipla Ltd. and Cipla USA, Inc. (collectively Cipla). This settlement resolves two patent litigations brought by Exelixis in response to Cipla’s Abbreviated New Drug Application (ANDA) seeking approval to market generic versions of CABOMETYX® (cabozantinib) tablets prior to the expiration of the applicable patents. The first case (Civil Action No. 23-287), filed on March 16, 2023, relates to Cipla’s ANDA for a 60 mg cabozantinib dosage strength. The second case (Civil Action No. 24-565-RGA), filed on May 9, 2024, relates to a recent amendment to Cipla’s ANDA, for the primary purpose of seeking additional approval for 20 mg and 40 mg cabozantinib dosage strengths. Pursuant to the terms of the Agreement, Exelixis will grant Cipla a license to market generic versions of CABOMETYX in the United States beginning on January 1, 2031, if approved by the U.S. Food and Drug Administration and subject to conditions and exceptions common to agreements of this type. Additionally, in accordance with the Agreement, the parties will terminate all ongoing Hatch-Waxman litigation between Exelixis and Cipla regarding CABOMETYX patents pending in the U.S. District Court for the District of Delaware. The Agreement is confidential and subject to review by the U.S. Federal Trade Commission (FTC) and the U.S. Department of Justice. The lawsuits will be dismissed after a period of time to allow for FTC review. Tillkännagivande • May 18
Cipla Limited Approves the Appointment of Dr. Balram Bhargava as an Independent Director Cipla Limited approved the appointment of Dr. Balram Bhargava as an Independent Director of the Company, through postal ballot. Tillkännagivande • May 12
Cipla Limited, Annual General Meeting, Aug 20, 2024 Cipla Limited, Annual General Meeting, Aug 20, 2024. Tillkännagivande • Apr 06
Cipla Limited to Report Q4, 2024 Results on May 10, 2024 Cipla Limited announced that they will report Q4, 2024 results on May 10, 2024 Tillkännagivande • Mar 27
Cipla Limited Appoints Rajeev Kumar Sinha as Senior Management Personnel and Global Chief Manufacturing Officer, Effective April 1, 2024 Cipla Limited announced that Mr. Rajeev Kumar Sinha, presently working as Global Head - Formulations Manufacturing, has been appointed as Senior Management Personnel and Global Chief Manufacturing Officer of the Company with effect from 1st April, 2024. Mr. Rajeev Kumar Sinha is an accomplished leader with over thirty-five years of rich experience in the Operations & Supply Chain domain across diverse industries such as Chemical, FMCG, Foods & Beverages and Pharmaceuticals, and has worked in the Pharmaceutical Operations [both Formulations & API] since 2016. Prior to joining Cipla, Mr. Rajeev was Executive Vice President and Global Head - Formulations Operations at Glenmark Pharmaceuticals, India. In this role, he was functional steward of Global Formulations Operations. He led 12 Formulations Manufacturing Units (India, US, Argentina, Czech) and enhanced service levels through operations excellence, improvement in overall equipment effectiveness and quality performance. Prior to this, Mr. Rajeev has worked with PepsiCo, Cadbury India Limited, ICI India Limited (Paints Division), Hindustan Unilever Limited and ICI India Limited (Explosives Division). In Cipla, Mr. Rajeev has led Global Operations Strategy & Excellence, Formulations Manufacturing Operations and API Manufacturing Operations. Mr. Rajeev has played a pivotal role in driving Cipla's transformation towards becoming a digitally agile company as well as reimagining its operations across the value chain, breaking barriers of technology to move the company to top quartile /top decile performance chosen areas. He strengthened the Global Operations Excellence Function through Network Optimization, embedding a culture of Lean Six Sigma in Manufacturing Operations and focusing the Manufacturing Science & Technology Group for enhanced Product & Process Robustness, Technical Capability and Complex Investigations Capability. His leadership and insights have helped the organization in sustaining cost leadership in Operations, maintaining legacy of Quality in Manufacturing and superior value creation through Engineering. He holds a Bachelor of Technology degree in Mechanical Engineering from IIT Kanpur [1989]. Tillkännagivande • Mar 15
Cipla Limited Appoints Venkata Sai Mungara as Senior Management Personnel and Global Head - Supply Chain, Effective from 1 April 2024 Cipla Limited announced that Mr. Venkata Sai Mungara, presently working as Vice- President and Head Regional Supply Chain, North America, has been appointed as Senior Management Personnel and Global Head - Supply Chain of the Company with effect from 1st April 2024. Terms of appointment: Full-time employment. Mr. Venkata Sai Mungara is an accomplished leader with over two and half decades of rich experience in the supply chain domain out of which over 10 years of his experience has been in the pharmaceutical industry. In his earlier roles, Mr. Mungara has worked with Sun Pharmaceuticals, Dr. Reddy's Labs and Triniti Corp. He holds a PhD in Chemical Engineering and Statistics from Iowa State University, and a B. Tech in Chemical Engineering from IIT, Kharagpur. In Cipla, Mr. Mungara made significant contributions which enabled growth for North America business by ramping up and optimizing third party supply chain operations, re-designing and driving productivity enhancement projects. His leadership helped in driving improvement in the visibility of supplies, reduction of air shipments resulting into significant cost reduction in logistics and de-risking of multiple products. Tillkännagivande • Jan 25
Cipla Limited Announces Resignation of Ms. Samina Hamied as Executive Vice Chairperson Cipla Limited announced that effective close of business hours of 31st March, 2024, Ms. Samina Hamied has decided to step down from the position of Executive Vice Chairperson of the company, while continuing as a non-executive director liable to retire by rotation. The Board has accepted the above letter in its meeting held on 25th January, 2024. Effective close of business hours of 31st March, 2024, Ms. Samina Hamied has decided to step down from the position of Executive Vice Chairperson of the Company while continuing as a non-executive director liable to retire by rotation. Samina Hamied is an alumna of the London School of Economics. She has worked with the leading global firm Goldman Sachs (UK & US). Samina joined the Cipla leadership team in 2011 as Executive Director, and Global Head - Strategy, M&A & Cipla New Ventures. She has been instrumental in driving the Company's transformation agenda; playing a key role in successfully incubating Cipla's consumer health business and spearheading the company's ambitious foray into the US market with strategic acquisitions. Samina has built a top-class leadership pipeline for the Company as it continues to spread its wings globally. In her previous role as the Executive Vice-Chairperson of Cipla, Samina focused on board and governance issues, in addition to furthering Cipla's strategic priorities through key global partnerships, corporate culture, hiring the right talent, and public advocacy. Samina also chaired the Inclusion & Diversity Council at Cipla. Recognised as the third generation of the founding family, Samina has been feted for her diverse work experience and business knowledge. She was amongst Business Today's `Most Powerful Women in Business' in 2017 & 2022. In 2018, Forbes featured Samina in the `Top 25 Emergent Women Business Leaders in Asia'. Fortune India named her amongst the `Most Powerful Women in Business for five consecutive years (2018-2022). She was awarded `Businesswoman of the Year' at The Economic Times Awards for Corporate Excellence in 2021. Most recently, Samina was conferred the `EY Entrepreneur of the Year 2022' in life sciences and healthcare category; and was named among the `Most Influential Women in Healthcare 2023' by BW Healthcare World. Tillkännagivande • Oct 25
Torrent Pharmaceuticals Reportedly Bid to Acquire the Stake of Cipla Stalled over Valuation Differences Torrent Pharmaceuticals Limited (BSE:500420)'s bid to acquire the stake of the promoter, the Hamied family, in Cipla Limited (NSEI:CIPLA) has stalled over valuation differences, said people with knowledge of the matter. That has derailed plans to create one of India's biggest pharmaceutical companies, at least for now. The third generation of the Hamied family had been in discussions with their counterparts, the Sudhir and Samir Mehta family of Torrent. Negotiations have been suspended by mutual agreement and may be revived later, said the people cited. The bid-ask gap is 15-20%, which appears to stem from the surge in Cipla shares since news of a potential stake sale by the Hamieds became public. Talks may resume if both sides find a meeting ground on the valuation, especially if the stock returns to `900-1,000 levels, said the people cited above. “It's pens down at Torrent's side,” said one of them. “The control premium asked will be difficult to bridge and then get an equity upside. Once things cool off, I do believe re-engagement is possible." Technically, Cipla is free to negotiate with others, but Torrent is said to be the sole player left. The Cipla stock surge had seen rival contenders Baring PE Asia-EQT, the Abu Dhabi Investment Authority and Blackstone baulk at rising valuations. They too might jump back into the fray if the stock price drops, said investment banking sources. Tillkännagivande • Oct 24
Torrent Pharma Calls the Reports of Cipla Acquisition as Speculative Torrent Pharmaceuticals Limited (BSE:500420) on October 23, 2023 called the reports about the drug maker in the race to acquire the promoters' stake in Cipla Limited (NSEI:CIPLA) as "speculative". "As a policy we don't want to comment on speculative news," said Sudhir Mehta, Chairman Emeritus of Torrent Pharma, referring to reports about the race to acquire Cipla at the company's earnings call. Mehta said the company's capital allocation will be largely geared towards India. "India is something which we understand properly, and we have a track record of successfully integrating most of the acquired businesses," Mehta said. Mehta said the leverage the company would take will depend on the cash flows of acquired business. In the past during the Unichem acquisition Torrent took 3x of net debt to EBITDA, which came down substantially over the period of two years. "Starting at 3x is something which would be comforting, provided that over the next two years the leverage is coming down substantially to maybe 1.5-2x," Mehta said. Tillkännagivande • Oct 11
Family Rift Clouds $7 Billion Sale of Cipla Differences within the Hamied family, Cipla Limited's (NSEI:CIPLA) promoters, over the pricing of the deal and the decision of patriarch Yusuf K. Hamied to sell the drugmaker threaten to derail the $7 billion sale plan, according to five people aware of the discussions. Any sale may take longer than anticipated since a consensus is yet to emerge within the Hamied family, the people said on condition of anonymity. Some family members have questioned the deal's pricing of around INR 1,200 per share and the family's decision to exit the eight-decade-old business. "The third-generation of the Cipla promoter group family is not keen to exit at this stage unless a substantial premium is offered to their shareholding," said the second person. According to the first person, Sophie Ahmed (Yusuf Hamied's sister) and Samina Hamied (Yusuf's younger brother M.K. Hamied's daughter), who together own 7.93% of Cipla, are not in favour of the deal. Samina Hamied declined to comment on the matter. Emails sent to Hamied family members remained unanswered. According to several news reports, Gujarat-based Torrent Pharmaceuticals Limited (BSE:500420) has evinced interest in buying the promoter stake and taking over Cipla, valuing the company at over INR 1 trillion. Tillkännagivande • Oct 05
Cipla Limited to Report Q2, 2024 Results on Oct 27, 2023 Cipla Limited announced that they will report Q2, 2024 results on Oct 27, 2023 Tillkännagivande • Sep 21
Blackstone Reportedly Withdraws Plan to Acquire Founders' Stake in Cipla Blackstone Inc. (NYSE:BX) withdraws plan to acquire founders' stake in Cipla Limited (NSEI:CIPLA). Tillkännagivande • Sep 19
Torrent Pharma Reportedly in Advance Talks with CVC Capital to Buyout Cipla Promoters Torrent Pharmaceuticals Limited (BSE:500420) is in advanced negotiations with CVC Capital Partners Limited to form a consortium and raise at least $1.2-$1.5 billion from the European buyout fund as the Ahmedabad-based pharma-power conglomerate puts together a INR 600,000 million ($7 billion) acquisition financing package, one of the largest in recent times, to acquire rival Cipla Limited (NSEI:CIPLA), said people in the know. Tillkännagivande • Sep 15
Cipla's Founding Family's Stake Sale Reportedly in Jeopardy over $13 Billion Valuation Target The sale of a stake in Cipla Limited (NSEI:CIPLA) is in jeopardy as potential buyers have balked at the INR 1.09 trillion ($13.1 billion) valuation members of the founding family are targeting for the Indian firm in a deal, according to people familiar with the matter. Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward, as the founders are demanding about INR 1,350 per share, the people said. The price represents a premium of about 10% over September 13, 2023’s close, according to Bloomberg calculations. The family shareholder group, known in India as the promoter group, controls around 33% of Cipla's shares, which are worth nearly $4 billion at September 13, 2023’s closing price. Cipla shares have climbed about 16% since CNBC-TV18 reported on July 27 the Hamied family was likely to sell part of their stake. The family members could sell some or all of their respective stakes in Cipla, the people said, asking not to be identified as the information isn't public. Deliberations are ongoing and no final decision has been made on the deal, the people said. The family members can still revise the asking price lower or decide not to proceed with the sale, according to the people. A spokesperson for the firm didn't respond to requests for comment. Tillkännagivande • Sep 07
Bain Capital Reportedly Approaches Dr. Reddy's Laboratories to Explore Joint Bid to Buy Out the Promoters of Cipla Bain Capital, LP has approached Dr. Reddy's Laboratories Limited (BSE:500124) (DRL) to explore a joint bid to buy out the promoters of Cipla Limited (NSEI:CIPLA), the Hamied family. Last week, senior leadership from both sides met along with their advisors to discuss and formalise a strategy, said people aware of the development. DRL is believed to be evaluating the opportunity and countering the offer by Torrent Pharmaceuticals Limited (BSE:500420), currently the sole Indian strategic investor in the fray. Torrent has submitted a non-binding bid for the Hamieds' stake in the 88-year-old company, competing against PE firms Blackstone Inc. (NYSE:BX) and Baring Private Equity Asia-EQT (BPEA-EQT). Bain Capital is also one of the PE funds that Torrent has been in discussions with to raise as much as INR 83 billion ($1 billion) as part of its financing plan for a potential $7 billion plus buyout, the largest ever in India, ET reported September 1. If DRL decides to participate, then not only will it enhance the competitive bidding landscape for Cipla but a merged entity would become the number two Indian-origin pharma major at home by revenue, with a consolidated market share of 8% (based on June 2023 IPM data) and also in the US and emerging markets. Tillkännagivande • Sep 05
Torrent Pharmaceutical Leads in the Race to Acquire Cipla Torrent Pharmaceuticals Limited (BSE:500420) has emerged as a frontrunner to acquire its rival Cipla Limited (NSEI:CIPLA) with its non-binding offer 30% higher than American private equity major, Blackstone Inc. (NYSE:BX)'s offer. Tillkännagivande • Sep 01
Torrent Reportedly in Top Gear to Close Out Cipla Buyout, in Talks with PES, Banks for Funds Torrent Pharmaceuticals Limited (BSE:500420) is cranking up its efforts to put together financing to buy out the promoter family of Cipla Limited (NSEI:CIPLA), said several people with knowledge of the matter, emerging as a key contender to conclude the largest pharma sector acquisition in the country till date. This includes a likely INR 83,000 million ($1 billion) equity infusion from one or more private equity players, they said. Ahmedabad-based Torrent has reached out to several PE funds, including including Advent International Corporation, Bain Capital, LP, Warburg Pincus LLC and CVC Capital Partners Limited, for a minority stake in a consortium. In addition, it is in talks with domestic shadow banks and mutual funds for INR 90,000-100,000 Million ($1.1 billion) in share-backed promoter financing. Torrent's founders, the Sudhir and Samir Mehta family, own 71.25% as promoters. That's amongst the highest promoter ownership in Indian pharma and they are seeking to use that headroom to dilute equity to raise leverage. They are also in separate discussions with foreign banks - Standard Chartered, JP Morgan, MUFG, Citi and Barclays among others - to raise as much INR 320,000-350,000 million (up to $4.23 billion) against the cashflows of the target as acquisition financing. The lenders are expected to revert with funding commitment letters at the earliest, said the sources mentioned above. JP Morgan is also advising Torrent Pharma. Bain, Advent, Warburg and CVC declined to comment. The financing terms are still being worked on and may change in the coming days. The PE discussions too are at an early stage and may get adversely impacted if Cipla's valuation keeps going up. Torrent is currently aiming at submitting a binding offer in early October. Tillkännagivande • Aug 24
Torrent Reportedly Joins Fray for Hamied Family Stake in Cipla Torrent Pharmaceuticals Limited (BSE:500420) has joined the race to buy out the Hamied family's stake in Cipla Limited (NSEI:CIPLA), said people aware of the matter, in what could be the biggest pharma deal since 2014. The competition includes Blackstone Inc. (NYSE:BX), the biggest buyout fund, and Baring PE Asia-EQT (BPEA EQT). Torrent, advised by JP Morgan, is looking to form a consortium with private equity funds and has had preliminary discussions with a few. Lenders tapped In parallel, it has approached multiple lenders for funding and is keen to make an all-cash offer. Work has intensified in the past month, said one of the people mentioned above. Cipla and Torrent didn't respond to queries. JP Morgan declined to comment. Tillkännagivande • Aug 05
Blackstone Reportedly to Submit Bid for over 33% Stake in Cipla Blackstone Inc. (NYSE:BX) is expected to submit a non-binding bid next week for acquiring over 33% promoter stake in India's third-large generics company by revenues 'Cipla Limited' (NSEI:CIPLA), according to a report published by Economic Times. With this, the eventual exit process of the Hamied family from the company started in 1935, will be formally started. Moneycontrol earlier reported that Cipla's top shareholders are in talks to sell around 33.47% of their stake in the company to private equity players including Blackstone and Baring Asia (BPEA EQT). The company hired an investment bank to advise on the deal. Tillkännagivande • Jul 28
Cipla Promoters Reportedly Mull Stake Sale to Top PE Firms Blackstone, Baring Asia Promoters of Cipla Limited (NSEI:CIPLA) are in talks with top private equity (PE) players to sell a part of their total holding in the company, according to a media report. An investment bank has been hired to advise on the deal, and Blackstone Inc. (NYSE:BX), BPEA EQT (Baring Asia), among others, are in talks to explore a deal, the report said, citing three independent sources. The promoters own a 33.47% stake in Cipla, and this move is seen as a step towards succession planning for the company, the report said. “They (promoters) are evaluating options for a strategic investor to come on board to revamp future strategy to enhance capital allocation, operational efficiency to improve return metrics,” the report said, further citing one of the sources. The news was reported by Moneycontrol. However, the company has issued a clarification on CNBC-TV18, saying that "the company is not aware of any event that requires disclosure under Listing Regulations. The company will make appropriate disclosure in compliance with the listing regulations as and when any such requirement arises". Tillkännagivande • Jul 27
Cipla Limited Announces Change in Management Cipla Limited informed that due to change in reporting structure, Mr. Sharad Jain, Lead Project Management Office, shall not be regarded as senior management of the Company with effect from 26th July 2023. Tillkännagivande • Jul 12
Cipla Limited, Annual General Meeting, Aug 10, 2023 Cipla Limited, Annual General Meeting, Aug 10, 2023, at 15:00 Indian Standard Time. Tillkännagivande • Jul 06
Cipla Limited to Report Q1, 2024 Results on Jul 26, 2023 Cipla Limited announced that they will report Q1, 2024 results on Jul 26, 2023 Tillkännagivande • May 16
Shibam Group Holding Limited entered into a binding term sheet to acquire additional 51% stake in Saba Investment Ltd from Cipla Limited (NSEI:CIPLA) for $6.5 million. Shibam Group Holding Limited entered into a binding term sheet to acquire additional 51% stake in Saba Investment Ltd from Cipla Limited (NSEI:CIPLA) for $6.5 million on May 15, 2023. Shibam Group Holding Limited currently holds a stake of 49% in Saba.Transaction is expected to close on within 120 days from the date of signing of the binding term sheet or upon satisfaction of closing conditions as agreed in the definitive agreement. Tillkännagivande • Jan 19
Cipla Limited Announces the Launch of Cippoint Cipla Limited announced the launch of Cippoint, a point-of-care testing device. This device offers a wide range of testing parameters including cardiac markers, diabetes, infectious diseases, fertility, thyroid function, inflammation, metabolic markers, and coagulation markers. The device is CE IVD approved - indicating the device is approved by the European In-Vitro Diagnostic Device Directive, thus ensuring reliable testing solutions. With entry in these new segments, Cipla has expanded its product offerings for diagnostics laboratories and aims to bridge the current gap in the diagnostic ecosystem in India by providing reliable and accurate tests at affordable prices. Cippoint - an immunofluorescence based quantitative analyser, will allow healthcare professionals to get test results in 3 to 15 minutes, thus enabling a faster clinical decision-making process. Cippoint has an automated system and user-friendly interface which can be used even in rural areas, mobile vans, and remote areas with limited infrastructure. Cippoint aims to enable smaller healthcare establishments provide an accurate point-of-care testing experience, ultimately improving patient health outcomes. Tillkännagivande • Dec 30
Cipla Limited to Report Q3, 2023 Results on Jan 25, 2023 Cipla Limited announced that they will report Q3, 2023 results on Jan 25, 2023 Tillkännagivande • Dec 18
Cipla Limited Announces Partnership with the Premier Medical Corporation Private Limited for Commercialisation of the Rapid Antigen Test Kits for COVID-19 in India Cipla Limited announced its partnership with the Premier Medical Corporation Private Limited for commercialisation of the rapid antigen test kits for COVID-19 in India. The company will commence supply from this week. This is Cipla's second launch in the diagnostics space after Elifast: SARS CoV-2 IgG ELISA Test Kit. In this collaboration, Cipla will be responsible for the marketing and distribution of the Rapid Antigen Detection Test for the qualitative detection of SARS-CoV-2 antigen that will be manufactured by Premier Medical Corporation Private Limited. The test is a rapid point-of-care nasopharyngeal swab test that directly detects the presence or absence of coronavirus antigen in the patient's body, generating results within 15-20 minutes. Only authorised labs are permitted by ICMR to conduct the rapid antigen testing. The test will be marketed under the brand name CIPtest. CIPtest is a reliable high-performing kit that has been validated and approved by ICMR. It is found to have specificity and sensitivity of 98.09% and upto 75% respectively. The test is not only rapid with a quick turn-around time, but also enables easy interpretation of results without the need of any additional instrument. Cipla's expansive distribution network will help in ensuring supply of kits across the country. Tillkännagivande • Dec 13
Bristol Myers Squibb Announces Settlement of U.S. Patent Litigation for REVLIMID (Lenalidomide) with Cipla Bristol Myers Squibb announced that its wholly owned subsidiary, Celgene, and Cipla Limited (Cipla) have settled their litigation related to patents for REVLIMID (lenalidomide). As part of the settlement, the parties will file Consent Judgments with the United States District Court for the District of New Jersey that enjoin Cipla from marketing generic lenalidomide before the expiration of the patents-in-suit, except as provided for in the settlement. In settlement of all outstanding claims in the litigation, Celgene has agreed to provide Cipla with a license to Celgene’s patents required to manufacture and sell certain volume-limited amounts of generic lenalidomide in the United States beginning on a confidential date that is some time after March 2022. For each consecutive twelve-month period (or part thereof), following the volume-limited entry date until January 31, 2026, the volume of generic lenalidomide sold by Cipla cannot exceed certain agreed-upon percentages. The specific volume-limited license date and percentages are confidential. In addition, Celgene has agreed to provide Cipla with a license to Celgene’s patents required to manufacture and sell an unlimited quantity of generic lenalidomide in the United States beginning no earlier than January 31, 2026. Tillkännagivande • Nov 18
Cipla Limited Launches Covi-G for COVID-19 Rapid Antibody Detection Cipla Limited announced that it signed a licensing agreement with Multi G for the distribution of their COVID-19 Rapid Antibody test kit, across most Emerging markets and Europe. This licensing agreement is part of Cipla's efforts to enhance global access to life- saving treatments and diagnostic infrastructure for patients in need. As part of this agreement, Cipla will be responsible for distribution of the COVID-19 rapid antibody kit that will be manufactured by MultiG. It is marketed under the brand name `Covi-G', this was among the earliest Antibody kits to declare CE-compliance and is awaiting approval by ICH country regulators It has been commercialised in 20+ countries already, with sensitivity and specificity exceeding 92%. It tests for both IgM and IgG antibodies, using a single-prick blood test using of the test result indicator visual interpretation. The kit gives results within 10 minutes. Tillkännagivande • Sep 29
Cipla Limited Receives Final Approval for Generic Version of Biogen Idec Inc.'S Tecfidera® (Dimethyl Fumarate Dr Capsules 120Mg, 240Mg and 120Mg/240Mg Starter Pack) Cipla Limited announced that it has received final approval for its Abbreviated New Drug Application (ANDA) for Dimethyl Fumarate DR Capsules 120mg, 240mg and 120mg/240mg Starter Pak from the United States Food and Drug Administration (US FDA). Cipla's Dimethyl Fumarate DR Caps 120mg, 240mg and 120mg/240mg Starter Pak is AB-rated generic therapeutic equivalent version of Biogen IDEC Inc.'s Tecfidera®. It is indicated for the treatment of relapsing forms of multiple sclerosis (MS), to include clinically isolated syndrome, relapsing-remitting disease, and active secondary progressive disease, in adults. According to IQVIA (IMS Health), Tecfidera® had US sales of approximately $3.8 Billion for the 12-month period ending July 2020. The product is available for shipping immediately. Cipla will providing Co-Pay Assistance. Tillkännagivande • Sep 26
Cipla Limited Receives Final Approval from the United States Food and Drug Administration for its Abbreviated New Drug Application for Dimethyl Fumarate DR Capsules Starter Pak Cipla Limited announced that it has received final approval for its Abbreviated New Drug Application (ANDA) for Dimethyl Fumarate DR Capsules 120mg, 240mg and 120mg/240mg Starter Pak from the United States Food and Drug Administration (US FDA). Cipla's Dimethyl Fumarate DR Caps 120mg, 240mg and 120mg/240mg Starter Pak is AB-rated generic therapeutic equivalent version of Biogen IDEC Inc.'s Tecfidera®. It is indicated for the treatment of relapsing forms of multiple sclerosis (MS), to include clinically isolated syndrome, relapsing-remitting disease, and active secondary progressive disease, in adults. According to IQVIA (IMS Health), Tecfidera® had US sales of approximately $3.8 Billion for the 12-month period ending July 2020. The product is available for shipping immediately. Cipla will providing Co-Pay Assistance. Tillkännagivande • Sep 24
Cipla Limited Launches Generic Version of Broad-Spectrum Anti-Viral Drug Remdesivir (Branded Cipremi), to Be Used on Critically Ill Covid Patients in the Hospitals Cipla Limited launched generic version of broad-spectrum anti-viral drug remdesivir (branded Cipremi), to be used on critically ill Covid patients in the hospitals. Claimed to be priced the lowest in the market, the product is launched under a licensing agreement with the US-based Gilead Sciences Inc. Gilead had earlier decided to build a consortium of manufacturing partners to maximize global supply of remdesivir. While Cipla did not disclose the price, industry sources said that Cipremi is likely to be priced at INR 4,000 per vial even while Hetero has priced its remdesivir brand Covifor at INR 5,400 per 100 mg vial and Mylan's Desrem is priced at INR 4,800. Tillkännagivande • Jul 18
Cipla Limited to Report Q1, 2021 Results on Aug 07, 2020 Cipla Limited announced that they will report Q1, 2021 results on Aug 07, 2020 
