Glenmark Pharmaceuticals stock has hit a lifetime high of Rs 749 after a wholly owned subsidiary announced the discovery and initiation of IND enabling studies of a novel clinical development candidate, GBR 1302. The stock hit record high of Rs 749 in intraday trade. The announcement was made before market hours today, 20 August 2014. Glenmark Pharmaceuticals S.A. (GPSA), a wholly owned subsidiary of Glenmark Pharmaceuticals (GPL), announced the discovery and initiation of IND enabling studies of a novel clinical development candidate, GBR 1302, a HER2xCD3 bispecific antibody. GBR 1302 was discovered and developed by the Glenmark Biologics Research Centre located in La Chaux-de-Fonds, Switzerland. GBR 1302 is based on Glenmark`s innovative BEAT antibody technology platform which facilitates the efficient development and manufacture of antibodies with dual specificities, so-called bispecific antibodies. GBR 1302 is the first clinical development candidate based on the BEAT technology. Glenmark expects to obtain approval for the initiation of clinical studies during this financial year.
Category Archives: Business
ACC cement company reports lower Net Profit Q2 2014
India’s leading cement maker, ACC has reported Q2, 2014 net profit of US$40.1m, some 7% lower than the US$43.1m reported in the Q2, 2013. The fall in profit was attributed to higher total expenses. Total expenses increased by 10% during the quarter compared to year-ago period due to higher raw material and employee costs and increased power, fuel and freight charges. Other expenses grew by 8% year-on-year. Manufacturing and distribution costs continued to rise, though the company derived some benefits from the ongoing cost leadership program and an increase in the sales of premium products. Continue reading ACC cement company reports lower Net Profit Q2 2014
State Bank of India (SBI)
Auto rickshaws wait in front of the SBI Head Office in New Delhi August 12, 2013. Image Credit: Reuters/Anindito Mukherjee
Importing Electronic Items into India for Resale
I wanted to share these thoughts with you based on my personal experience: Importing of electronic items into India has a wide range of import duties. Many times, the profitability of importing from China/Taiwan/Hong Kong is competely removed because of the import duties in India. Therefore I request you to study import duties carefully. If you can assemble electronic products in India using imported components, then it has lesser import duties. You will also need a strong logistics partner who can successfully clear customs and deliver products to your India warehouse.
Non-Life General Insurance Companies in India
1. Bajaj Allianz General Insurance Co. Ltd.
2. ICICI Lombard General Insurance Co. Ltd.
3. IFFCO Tokio General Insurance Co. Ltd.
4. National Insurance Co.Ltd.
5. The New India Assurance Co. Ltd.
6. The Oriental Insurance Co. Ltd.
7. Reliance General Insurance Co. Ltd.
8. Royal Sundaram Alliance Insurance Co. Ltd
9. Tata AIG General Insurance Co. Ltd.
10. United India Insurance Co. Ltd. Continue reading Non-Life General Insurance Companies in India