Established in 1944, Unichem Labs is one of the oldest pharmaceutical companies in India having large brands like Losar, Losar H and Ampoxin. However, a safe and middle of the road approach towards overall business resulted in loss of lucrative US opportunities in the past. In 2014, coinciding with regulatory / NLEM clampdowns in the Indian market, massive price cuts were taken in Losar & Trika. Hence, the stock underperformed over FY14-16 (BSE Health 65% vs. Unichem 17%).