Cipla is currently trading at Rs. 628.40, up by 8.15 points or 1.31% from its previous closing of Rs. 620.25 on the BSE.
The scrip opened at Rs. 622.25 and has touched a high and low of Rs. 630.00 and Rs. 622.00 respectively. So far 29,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 639.05 on 16-Sep-2014 and a 52 week low of Rs. 366.70 on 24-Feb-2014.
Last one week high and low of the scrip stood at Rs. 639.05 and Rs. 603.85 respectively. The current market cap of the company is Rs. 50,455.00 crore.
The promoters holding in the company stood at 36.80% while Institutions and Non-Institutions held 35.85% and 26.23% respectively.
Cipla, a global pharmaceutical company, has signed an agreement with Salix Pharmaceuticals, Inc., a US-based speciality pharmaceutical company. Under the agreement, Cipla has granted Salix exclusive rights under certain patent applications in the ‘Rifaximin Complexes’ patent family controlled by Cipla.
The grant is on a worldwide basis, excluding the countries of Asia (other than Japan) and Africa. Salix is required to make an up-front payment and, upon achievement, additional regulatory milestone payments to Cipla in respect of the new license agreement regarding the ‘Rifaximin Complexes’ patent rights. Salix also will pay a royalty on net sales of products covered by the ‘Rifaximin Complexes’ patents licensed to Salix.
Last year, Cipla announced the expansion of its existing collaboration with MEDA by granting global commercialisation rights for a proprietary combination nasal spray product (fluticasone and azelastine), Dymista.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
| View more.. | |
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