Sun Pharma Advanced Research Company Ltd Share Price – NSE /  BSE

Pharmaceuticals, Small Cap

The LoI outlines the key terms of license and rights for development and commercialization by Tiller.

Under the LoI, SPARC will receive a 55% equity stake in Tiller upon execution of the agreement. The equity will vest in two tranches: 45% upon execution of the license agreement, and the remaining 10% upon the achievement of specific milestones or within 6 months of the agreement's execution.

Anil Raghavan, CEO of SPARC, said, “We are excited about the opportunity to partner with Tiller to advance potential treatment of solid tumors affecting millions each year, with no current cure.”

Sun Pharma Advanced Research Company (SPARC) is a pharmaceutical company focused on continuously improving standards of care for patients globally through innovation in therapeutics and delivery.

The company reported a net loss of Rs 107.28 crore in Q2 FY25 as compared with net loss of Rs 86.08 crore in Q2 FY24. Net sales declined 39.29% year on year (YoY) to 12.86 crore in the quarter ended 30 September 2024.

Shares of Sun Pharma Advanced Research Company fell 1.45% to Rs 227.15 on the BSE.

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Sun Pharma Advanced Research Company announced the signing of a binding Letter of Intent (LOI) with the University of California, San Francisco (UCSF), through the office of OTMA, and Tiller Therapeutics Inc. (Tiller) to license SPARC's rights in the joint intellectual property (IP) held between SPARC and UCSF for pre-clinical oncology asset along with associated IP. The LOI outlines the key terms of license and rights for development and commercialization by Tiller.

Under the terms of the LOI, SPARC will receive 55% equity stake in Tiller upon execution of LOI. The equity will vest in two tranches; 45% equity will vest upon execution of license agreement and the remaining 10% equity will vest at the earlier of achievement of certain milestones by Tiller or within 6 months of execution of license agreement. Other terms of the license will be outlined in the license agreement.

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Avanti Feeds Ltd, Jubilant Pharmova Ltd, Prestige Estates Projects Ltd, Oberoi Realty Ltd are among the other stocks to see a surge in volumes on NSE today, 16 December 2024.

Sun Pharma Advanced Research Company Ltd notched up volume of 152.55 lakh shares by 14:14 IST on NSE, a 41.98 fold spurt over two-week average daily volume of 3.63 lakh shares. The stock rose 12.43% to Rs.238.31. Volumes stood at 2.85 lakh shares in the last session.

Avanti Feeds Ltd saw volume of 41.59 lakh shares by 14:14 IST on NSE, a 13.45 fold spurt over two-week average daily volume of 3.09 lakh shares. The stock increased 7.45% to Rs.665.95. Volumes stood at 2.33 lakh shares in the last session.

Jubilant Pharmova Ltd notched up volume of 10 lakh shares by 14:14 IST on NSE, a 6.16 fold spurt over two-week average daily volume of 1.62 lakh shares. The stock slipped 1.86% to Rs.1,093.60. Volumes stood at 1.3 lakh shares in the last session.

Prestige Estates Projects Ltd recorded volume of 18.13 lakh shares by 14:14 IST on NSE, a 3.69 times surge over two-week average daily volume of 4.91 lakh shares. The stock gained 4.47% to Rs.1,833.00. Volumes stood at 7.81 lakh shares in the last session.

Oberoi Realty Ltd clocked volume of 30.79 lakh shares by 14:14 IST on NSE, a 3.26 times surge over two-week average daily volume of 9.43 lakh shares. The stock gained 6.90% to Rs.2,263.75. Volumes stood at 6.57 lakh shares in the last session.

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Jindal Worldwide Ltd, Vakrangee Ltd, Wockhardt Ltd and Hemisphere Properties India Ltd are among the other gainers in the BSE's 'A' group today, 16 December 2024.

Sun Pharma Advanced Research Company Ltd spiked 9.83% to Rs 232.9 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.07 lakh shares were traded on the counter so far as against the average daily volumes of 42206 shares in the past one month.

Jindal Worldwide Ltd surged 8.71% to Rs 419.9. The stock was the second biggest gainer in 'A' group. On the BSE, 49383 shares were traded on the counter so far as against the average daily volumes of 42696 shares in the past one month.

Vakrangee Ltd soared 8.53% to Rs 30.14. The stock was the third biggest gainer in 'A' group. On the BSE, 21.87 lakh shares were traded on the counter so far as against the average daily volumes of 13.16 lakh shares in the past one month.

Wockhardt Ltd rose 7.59% to Rs 1502.8. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 47546 shares in the past one month.

Hemisphere Properties India Ltd exploded 7.40% to Rs 183.5. The stock was the fifth biggest gainer in 'A' group. On the BSE, 64624 shares were traded on the counter so far as against the average daily volumes of 46248 shares in the past one month.

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