SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Venus Remedies surges as MEROPENEM receives market authorisation in Mexico

11 Mar 2013 Evaluate

Venus Remedies is currently trading at Rs. 278.00, up by 6.40 points or 2.36% from its previous closing of Rs. 271.60 on the BSE.

The scrip opened at Rs. 274.80 and has touched a high and low of Rs. 283.40 and Rs. 274.35 respectively. So far 11660 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 327.80 on 05-Dec-2012 and a 52 week low of Rs. 155.00 on 27-Mar-2012.

Last one week high and low of the scrip stood at Rs. 283.40 and Rs. 267.00 respectively. The current market cap of the company is Rs. 269.46 crore.

The promoters holding in the company stood at 34.22% while Institutions and Non-Institutions held 14.45% and 51.33% respectively.

Venus Remedies has received grant of market authorisation from COFEPRIS the Drug Regulatory Authority of Mexico, for its Meropenem 500mg and Meropenem 1000mg in Mexico. The company is planning to launch the product in Mexico within the first quarter of fiscal year 2013-2014.

This grant from COFEPRIS (La Comision Federal para la Protecciob contra Riesgos Sanitarios) the Latin America’s most stringent regulatory authority, is further endorsement to Venus Remedies’ R&D capabilities and its expertise in developing world class products. Market authorisation for Meropenem will enable Venus Remedies to launch its first product in Mexico and will strengthen its position in Latin America where Venus is currently exporting to various countries of LAC such as Columbia, Peru, Guatemala, Dominican Republic, Jamaica, Bahamas and the Caribbean. A market authorisation grant at a point of time when the innovator’s product has already gone off patent is going to be an advantage for the company.

Venus Remedies is a pharmaceutical manufacturing company. The company provides formulations in area of antibiotics and oncological therapeutics. The company has two manufacturing facilities located in India and Germany. It manufactures Oncological and Cefelosporine Injectable products

Venus Remedies Share Price

1042.35 3.25 (0.31%)
17-Apr-2026 16:59 View Price Chart
Peers
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..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×