Cipla inches up on entering into licensing agreement with MSD

Cipla Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 500087 | NSE: CIPLA

29 Apr 2021 Evaluate

Cipla is currently trading at Rs. 910.90, up by 0.45 points or 0.05% from its previous closing of Rs. 910.45 on the BSE.

The scrip opened at Rs. 911.05 and has touched a high and low of Rs. 913.75 and Rs. 904.05 respectively. So far 138966 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 966.00 on 20-Apr-2021 and a 52 week low of Rs. 565.90 on 15-May-2020.

Last one week high and low of the scrip stood at Rs. 953.05 and Rs. 870.00 respectively. The current market cap of the company is Rs. 73428.83 crore.

The promoters holding in the company stood at 36.73%, while Institutions and Non-Institutions held 40.43% and 22.84% respectively.

Cipla has signed a non-exclusive licensing agreement with MSD a tradename of Merck & Co., Inc. Kenilworth, NJ., USA for the manufacturing and distribution of Molnupiravir, the investigational oral antiviral drug currently being studied in a Phase 3 trial for the treatment of non-hospitalized patients with confirmed COVID-19. MSD is developing Molnupiravir in collaboration with Ridgeback Biotherapeutics. This agreement is a part of Cipla’s efforts to enhance global access to treatments for patients affected by the pandemic.

As part of the agreement, Cipla will be permitted to manufacture, market and distribute Molnupiravir in India and more than 100 low and middle income countries. Cipla’s extensive geographical and commercial footprint will help make this therapy accessible to more patients and markets.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients.

Cipla Share Price

1304.70 -43.00 (-3.19%)

11-May-2026 15:43 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1872.40
Dr. Reddys Lab	1282.15
Cipla	1304.70
Zydus Lifesciences	960.00
Lupin	2249.70
View more..

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