FDC Ltd. News and Updates

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FDC Ltd.

19 Jun 2023

442.85

-2.98%

HC seeks Centre's stand on challenge to ban on fixed dose combination drugs

Business Standard

The Delhi High Court has sought the stand of the Centre on a petition by a pharmaceutical company challenging the government's decision to ban manufacture, sale and distribution for human use certain Fixed Dose Combination (FDC) drugs. FDC drugs are those which contain a combination of two or more active pharmaceutical ingredients (APIs) in a fixed ratio. While issuing notice on three petitions by Glenmark Pharmaceuticals Ltd against the ban, the court directed the FDC drugs produced by the petitioners that are already in the distribution channel shall not be withdrawn and no coercive steps will be taken against them. The petitioner was producing FDC drugs under the brand names Glencoff Q, Ascodex Dx Syrup, Ascoril-C Syrup and others, the court noted. The government had announced a ban on 14 FDC drugs on June 2 this year on the recommendations of an expert committee, saying there was "no therapeutic justification" for these medicines and they may involve "risk" to people. The cour

FDC Ltd. is trading below its 150 day SMA of 461.8

FDC Ltd.

09 Jun 2023

442.85

-2.98%

EV financing platform Revfin Services raises $5 million from US FDC

Business Standard

EV financing platform Revfin Services on Friday said it has secured USD 5 million funding from the United States International Development Finance Corporation (DFC). The investment is part of DFC's portfolio for impact and innovation and seeks to promote inclusive financing for EV adoption in India, Revfin said in a release. The freshly infused capital will be deployed for new products and in expanding company's footprint, it stated. Revfin said it plans to finance two million electric vehicles in the next five years. According to the company, it has already invested in over 21,800 electric three-wheelers and funds from DFC will further bolster its growth plans, which include new products by diversifying into two-wheelers for last-mile deliveries, four-wheelers for mid-mile cargo delivery, and ride-share taxis. "The EV industry in India has tremendous potential and also provides good employment prospects. The growth of the industry is restricted due to the limited financing option

FDC Ltd. is trading above its 100 day SMA of 436.8

FDC Ltd.

08 Jun 2023

442.85

-2.98%

Crackdown on FDCs continues, latest ban to affect Rs 824 cr market: Study

Business Standard

72 pharmaceutical companies have brands that fall under banned FDCs, says one expert

FDC Ltd. is trading above its 100 day SMA of 436.8

FDC Ltd.

05 Jun 2023

442.85

-2.98%

Ban on 14 FDC drugs unlikely to impact consumers'

Business Line

As drugmakers move to alternatives: experts

FDC Ltd. is trading above its 100 day SMA of 436.8

FDC Ltd.

04 Jun 2023

442.85

-2.98%

Centre bans 14 more fixed dose combination drugs on expert recommendation

Business Standard

One of the key FDCs banned by the Centre includes a commonly used medication - Nimesulide and paracetamol combination - which is used to relieve pain and fever