Saw this news piece on Ajanta investing into an unrelated area (Restaurants)
Though, it could be an investment by the promoters in their personal capacity.
If it’s at the company level…seems like a red flag to me.
Saw this news piece on Ajanta investing into an unrelated area (Restaurants)
Though, it could be an investment by the promoters in their personal capacity.
If it’s at the company level…seems like a red flag to me.
Ajanta Pharma announces the US FDA approval of Zolmitriptan Tablets
Mumbai, India – (24th May, 2016) - Ajanta Pharma Limited, (Reuters: AJPH.NS, Bloomberg:
AJP:IN, NSE: AJANTPHARM, BSE: 532331), today announced the receipt of final approval
for Zolmitriptan tablets (2.5mg, 5mg) from the U.S. Food and Drug Administration (FDA).
Zolmitriptan is used in the acute treatment of migraine and is a bioequivalent generic version
of Zomig®1
.
Zolmitriptan Tablets is part of an ever-growing portfolio of products that Ajanta has
developed for the U.S. market. To date, the United States Food & Drug Administration (U.S.
FDA) has granted Ajanta Pharma 9 ANDA final approvals and 2 tentative approvals.
Additional 15 ANDAs are under review with the FDA.
@lustkills
Thanks Sandeep for the data provided.
I had one question though.
The company had 2 ANDA approvals prior to FY-2016 & has received 8 more ANDA approvals in FY-2106., yet there are hardly any sales in the US.
Can anyone help me understand the reason behind this ?
Also, what is the future outlook of sales to the US., for which the approvals have been received ?
I think the reason is they did not have US FDA approved facility…their US growth story will start from next year once their Dahej plant goes for commercial production…
Disc : Invested for long from lower levels
Did anyone attend agm? If someone could please add any updates you got from AGM.
Stock seems to have started steep upward trajectory after agm.
Disc: ajanta is 10% of my pf so have vested interest.
Some key points from the AR scanning -
They said the same thing last year and ended up filing low single digit. With no high value molecules in pipeline I doubt if US business will contribute meaningfully in next few years.
Disc: I exited few months ago and views could be biased.
Ajanta Pharma may be among the first to launch generic of US$ 400mn market size drug…
Ajanta Pharma receives approval for gZegerib and has launched the product in 2 strengths 20mg/1100mg and 40mg/1100mg capsules.
The Zegerid brand and generic had U.S. sales of approximately $ 306.7mn MAT for the most recent 12 months ending in May 2016 according to IMS Health (per DRL press release).
Shipment activities snapshot (source: zauba.com) -
@lustkills
Great work., Sandeep.
Ajanta Q1FY17 results are out. Revenue up 20%, PAT up 39%. Disproportionate growth continues.
Q1F17 Investor Presentation
Profit before tax has grown by 33%, but Tax has not increased anywhere proportionately. Tax has increased by 14%.
Lower Taxation (in Q4 FY16) was mainly due to higher tax benefits on incremental R&D capex - per ICICIDirect Q4FY16 Research Notes. Seems Q1 FY17 tax outgo is low due to the same reason. Tax experts please chim in…
Source: http://content.icicidirect.com/mailimages/IDirect_AjantaPharma_Q4FY16.pdf
Seniors who are tracking Ajanta, I have a question.
The quarterly result was already factored in at a price around 1500.
Without any new triggers why is there sudden spurt in price to 1900 ?
I am unable to connect the dots.
Please advice, is this just because of Dahej.
The PE was already too high even at 1500, and the price has now further increased to 1900.
Source: MarketResearch.com - Error page