Abbott India Ltd Share Price – NSE  / BSE

Pharmaceuticals, Mid Cap

Vonoprazan (PCAB or potassium competitive acid blocker) addresses severe acid related disorders like reflux esophagitis through a once daily dose.

Current treatments for reflux esophagitis, a condition under the gastroesophageal reflux disease (GERD) umbrella, have several limitations including the need for multiple dosing for effectiveness, especially when the condition is severe.

Vonoprazan, a first-of-its kind therapy, will help make it easier for patients to comply with their treatment and manage their condition better.

This license will enable the company, a leader in the gut health space, to enhance access to this novel therapy to more patients across India.

Abbott India has a portfolio of science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals.

The company's net profit jumped 41.1% to Rs 290.24 crore in Q1 FY24 as compared with Rs 205.64 crore in Q1 FY23. Revenue from operations was at Rs 1,479 crore in Q1 FY24, up 13.4% from Rs 1,304.12 crore reported in the same quarter previous year.

Shares of Abbott India shed 0.51% to Rs 27,820.80 on the BSE.

Powered by Capital Market - Live News

Net profit of Abbott India rose 13.01% to Rs 328.01 crore in the quarter ended June 2024 as against Rs 290.24 crore during the previous quarter ended June 2023. Sales rose 5.32% to Rs 1557.61 crore in the quarter ended June 2024 as against Rs 1479.00 crore during the previous quarter ended June 2023.

Powered by Capital Market - Live News

Abbott India will hold a meeting of the Board of Directors of the Company on 7 August 2024.

Powered by Capital Market - Live News

Abbott India has appointed Alison Davies (DIN: 10658884) as anAdditional Non-Executive Director of the Company with effect from 13 June 2024.

Powered by Capital Market - Live News