Introduction:
Leading pharmaceutical company has entered into a strategic distribution partnership with a UK-based firm. This collaboration will result in the launch of around 20 products over the next 18 months, expanding the company’s presence in the UK market.
Share price movement of Indoco Remedies:
On December 3, 2024, Indoco Remedies Ltd. opened at ₹338.00, up 4.97% from ₹322.00. The stock reached a high of ₹353.80 (9.91%) and a low of ₹335.85. By 10:26 AM, it traded at ₹336.45, a 4.49% increase, with a market cap of ₹3,101.47 crore.
Indoco partners with Clarity:
Indoco Remedies Limited announced a strategic distribution partnership with Clarity Pharma, UK, on December 2, 2024. This collaboration marks a significant milestone as Indoco plans to launch approximately 20 products through Clarity Pharma in the next 18 months.
Under the agreement, Clarity Pharma will serve as the distributor for Indoco’s products in the UK. The pharmaceutical company will continue its existing B2B relationships, ensuring the supply of products to its current clients alongside the new distribution channel.
This partnership strengthens Indoco’s global presence and expands its reach in the UK market. The company’s strategic growth plan includes launching a variety of products to cater to the evolving healthcare needs in the region.
Recent news on Indoco Remedies:
As of Nov 05, 2024, Indoco Remedies appointed Vaibhav Sinha as Vice President of Business Development (Rest of the World). With over 19 years of experience, he brings expertise in licensing, M&A, business strategy, and portfolio management.
Stock performance of Indoco Remedies for Period of 1 week, 6 months and 1 year:
Indoco Remedies Ltd. reported a 2.06% return over the past week and a 1.53% return over the last six months. However, the stock has faced a decline of 15.4% over the past year, indicating some volatility in its performance.
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Shareholding pattern of Indoco Remedies:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 58.80% | 58.80% | 58.70% |
| FII | 1.70% | 1.50% | 1.90% |
| DII | 18.30% | 18.70% | 19.40% |
| Public | 21.30% | 21.10% | 19.90% |
About Indoco Remedies:
Indoco Remedies Limited (NSE: INDOCO) is a research-driven pharmaceutical company with a global presence. It offers a diverse product portfolio across various therapeutic segments, supported by 11 manufacturing facilities and strong international partnerships.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
