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Sun Pharma to replace domestic formulations distributor with its own subsidiary

22 Jan 2019 Evaluate

Sun Pharmaceutical Industries is going to replace its domestic formulations distributor Aditya Medisales with its own subsidiary in the backdrop of a second whistleblower complaint filed against the company. This change will be made effective by Q1FY20, post receipt of all requisite regulatory approvals.

Sun Pharmaceutical Industries is the world’s fourth largest specialty generic pharmaceutical company and India’s top pharmaceutical company.

Peers
Company Name CMP
Sun Pharma. Inds. 1787.40
Dr. Reddys Labs. 1205.65
Cipla 1329.70
Lupin 2016.70
Zydus Lifesciences 1158.10
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