Orchid Pharma Ltd Share Price – NSE  / BSE

Pharmaceuticals, Small Cap

Net profit of Orchid Pharma rose 212.23% to Rs 29.35 crore in the quarter ended June 2024 as against Rs 9.40 crore during the previous quarter ended June 2023. Sales rose 33.62% to Rs 244.41 crore in the quarter ended June 2024 as against Rs 182.92 crore during the previous quarter ended June 2023.

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Orchid Pharma will hold a meeting of the Board of Directors of the Company on 12 August 2024.

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Orchid Pharma announced that the Annual General Meeting (AGM) of the company will be held on 21 August 2024.

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Cefepime-Enmetazobactam has been approved for the treatment of complicated urinary tract infections (cUTI), hospital-acquired pneumonia (HAP) and ventilator-associated pneumonia (VAP) indications.

The launch of Cefepime-Enmetazobactam marks a significant milestone for India's pharmaceutical industry in the fight against AMR, a growing global health issue,” Orchid Pharma said in a statement.

The partnership between Orchid Pharma and Cipla combines Orchid's innovative drug development capabilities with Cipla's extensive distribution network and market presence. This collaboration aims to ensure that this life-saving medication reaches healthcare providers across India as quickly and efficiently as possible.

Manish Dhanuka, managing director Orchid Pharma said: “With increasing resistance to the current drugs most commonly used for treatment of these indications – e.g. Piperacillin-Tazobactam for cUTI – doctors were forced to start using Carbapenems – a reserve drug meant to be used when most other drugs don't work.

Now, Orchid's Cefepime Enmetazobactam will allow doctors to spare Carbapenems, prolonging their effective life by restricting their use.”

Orchid Pharma is one of the leading pharmaceutical companies in India head quartered in Chennai and involved in the development, manufacture and marketing of diverse bulk actives, formulations and nutraceuticals with exports spanning over 40 countries.

The pharma company’s consolidated net profit tumbled 49.19% to Rs 33.50 crore in Q4 FY24 as compared with Rs 65.93 crore in Q4 FY23. However, income from operations rose 3.43% YoY to Rs 217.10 crore in the quarter ended 31 March 2024.

The scrip had declined 1.93% to end at Rs 1139.85 on the BSE yesterday.

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