Cipla plans to file over dozen new drug applications for FY20

In another key market of South Africa, during the current fiscal year, Cipla is looking to strengthen its OTC (over-the-counter) business.

New Delhi: Drug firm Cipla said it is looking at continued growth across all its key markets in the current fiscal year and plans to file over 12 abbreviated new drug applications during the period. Highlighting the priorities for FY20, the company said for the Indian market, it is looking at strong growth in existing franchises including respiratory and ramp-up of chronic therapies such as diabetes, cardio and women health, according to Cipla's latest investor presentation.

For the US market, where the company has seen significant growth driven by ramp-up across key differentiated products in FY19, it is looking to scale-up last fiscal's launches and also introduce more products in FY20 while continuing the speciality investments.

Read Also: Cipla to acquire 26 percent stake in AMP Solar Power Systems

In another key market of South Africa, during the current fiscal year, Cipla is looking to strengthen its OTC (over-the-counter) business.

In the rest of the world (RoW) market, the company will be focussing on continuing market leadership in key regions, it added.

For the current fiscal year, the company will focus on complex and differentiated assets and plans to file over 12 abbreviated new drug applications (ANDAs), while also ensuring compliance at all its facilities globally.

Cipla posted a net profit of Rs 1,492.44 crore for the 2018-19 fiscal as against Rs 1,416.57 crore in 2017-18.

Read Also: Cipla Q4 net profit jumps 133 pc at Rs 357.68 crore; plans fundraising of Rs 6000 crore

Total revenue from operations for the last fiscal stood at Rs 16,362.41 crore. It was Rs 15,219.25 crore in the preceding financial year.