In India we all are seeing the surge in Covid 19 cases as 2nd wave has arrived and need for Oxygen Cylinders and Remdesiver is increasing day by day for treatment of patients. There are almost 5 listed companies manufacturing remdesivir in India 2021.
As the there is more demand for Remdesivir injection we can see this stocks adding some revenue to their portfolio through this.
In the recent times this 5 listed companies manufacturing remdesivir locally has decreased the price of medicine to Rs 899–3,490 per 100ml vial from Rs 2,800–5,400 earlier depending upon the brand.
Listed Remdesiver manufacturing companies in India
Cadila Healthcare
Cadila Healthcare is producing remdesivir from 2020 and now due to shortage in production they have doubled there manufacturing capacity. ZyCOV-D — Zydus Cadila’s covid 19 vaccine is also in trial as soon as they get approval there revenues can see the spike due to the covid portfolio. Remdsiver Zydus Cadila price is upto Rs. 899.
Jubilant Pharma
Jubliant pharma subsidiary Jubliant Pharmova has developed oral version of Coronavirus medicine remdesivir. As soon as they announced this on monday share price rised upto 10%. This innovative way of consuming remdesivir can solve the capacity constraints as the injection formula was time consuming.
Cipla
Remedesivir manufacturing company Cipla is looking attractive in this situation as there is a gap in demand and supply for the Remedesivir medicine and also they have market share of 50% in Remedesivir Production. To overcome the shortage of medicine they have doubled the producion of Remedesivir.
Dr Reddy’s Labratories
Dr Reddy is manufacturing remdesiver as well as Sputnik V for Covid infected patients. They have increased there production and also rates are slashed down as per the reports. Dr Reddy is consistent performer in terms of ROE and can be good bet for this one.
Syngene International
They have signed volunteering agreement with Gilead for the production of Remedesiver medicine. This is great chance for company to boost there earnings and increase ROE as its quite low.
These are the other stocks you keep watch in Covid pandemic.
Article originally published at https://ipogmp.in/
