Sun Pharma – Artifex.News https://artifex.news Stay Connected. Stay Informed. Tue, 01 Sep 2026 16:33:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.1 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png Sun Pharma – Artifex.News https://artifex.news 32 32 Sun Pharma agrees to supply at MFN pricing to U.S. medicaid programmes https://artifex.news/article71416574-ece/ Tue, 01 Sep 2026 16:33:00 +0000 https://artifex.news/article71416574-ece/ Read More “Sun Pharma agrees to supply at MFN pricing to U.S. medicaid programmes” »

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Sun Pharmaceutical Industries Ltd., in Mumbai, India
| Photo Credit: Reuters

Sun Pharmaceutical Industries will extend Most Favoured Nation (MFN) pricing to state medicaid programmes of the U.S. It has also committed to MFN pricing for future innovative medicine launches.

The announcement followed a White House ceremony on August 31, in which the U.S. government signed agreements with nine pharmaceutical companies, including Sun Pharma, aimed at improving access to affordable medicines for millions of Americans.

Sun Pharma said the agreement recognises its investment in the U.S. market by delaying Section 232 tariffs on innovative pharmaceutical products for over two years. Further terms of the agreements remain confidential, the company said.

“The United States is a key area of investment and expansion for Sun Pharma across clinical development, sales and marketing, and both API and finished products manufacturing. We are proud to play our part in delivering the medicines that millions of American patients count on every day,” said Rick Ascroft, North America CEO, Sun Pharma, who represented the company at the White House.

The company said it built its U.S. presence on a foundation of high-quality generic medicines, followed by an increasing focus on innovative and specialty products. It ranks second in the U.S. by prescriptions in dermatology and continues to expand its presence across dermatology and immunology, cutaneous oncology, and ophthalmology. These businesses complement its strong portfolio of consumer health products and generics.

The U.S. is the company’s largest market for innovative medicines and a cornerstone of its long-term growth strategy, generating approximately 27% of the company’s global revenue. Earlier this year, Sun Pharma signed a definitive agreement to acquire Organon & Co in a deal valued at $11.75 billion.

The White House said the nine new agreements are part of President Donald Trump’s initative to lower prescription drug prices for Americans in line with the lowest prices paid by other developed nations (known most-favoured-nation price). With the latest agreements, 26 pharmaceutical manufacturers now have signed MFN deals, covering 89% of the branded drug market.

Alcon, Astellas Pharma, BeOne Medicines, BridgeBio, CSL, Kyowa Kirin, Sun Pharma, Teva Pharmaceuticals, and UCB are the nine manufacturers.

The agreements will provide every State Medicaid programme in the country access to MFN drug prices on products made by the nine companies, resulting in billions of dollars in savings for Americans.

The nine manufacturers have committed to invest at least $19.6 billion collectively in U.S. manufacturing in the near term. Additionally, as part of the agreements, several companies are donating active pharmaceutical ingredients for key products to the Strategic Active Pharmaceutical Ingredients Reserve (SAPIR) to reduce reliance on foreign nations and ensure the U.S. has an adequate supply of such products in the event of an emergency, the White House said.

Sun Pharma will contribute 71.4 tonnes of clindamycin and 6.75 tonnes of doxycycline — both antibiotics — to the SAPIR.

Medicaid is jointly funded by States and the federal government in the U.S. and provides health coverage to millions of Americans, including eligible low-income adults, children, pregnant women, elderly adults and people with disabilities.



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Sun Pharma gets favourable verdict in antitrust-litigation in U.S. https://artifex.news/article71357425-ece/ Mon, 17 Aug 2026 16:15:00 +0000 https://artifex.news/article71357425-ece/ Read More “Sun Pharma gets favourable verdict in antitrust-litigation in U.S.” »

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Image used for representational purposes.
| Photo Credit: Reuters

Sun Pharmaceutical Industries on Monday (August 17, 2026) said an appellate court in the United States has passed a judgment in favour of the company and its subsidiaries in the antitrust litigation, in the U.S., relating to a 2008 patent litigation settlement agreement with Pfizer concerning generic Lipitor (Atorvastatin).

The United States Court of Appeals for the Third Circuit has affirmed the order of the United States District Court granting summary judgment in its entirety in favour of the company and its subsidiaries. The appellate court has also affirmed the District Court’s orders denying class certification as to the plaintiffs, the generic drugmaker said.

“This decision represents a significant favourable development for the company and its subsidiaries in the matter, and brings the litigation substantially to a close, subject to any further remedies that may be available to the plaintiffs under applicable law,” it said.

The plaintiffs, in the antitrust litigation, had alleged the settlement agreement with Pfizer unlawfully delayed generic competition for Lipitor.



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Sun Pharma gets Brazil nod for Semaglutide https://artifex.news/article71286383-ece/ Thu, 30 Jul 2026 13:56:00 +0000 https://artifex.news/article71286383-ece/ Read More “Sun Pharma gets Brazil nod for Semaglutide” »

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Sun Pharmaceutical Industries has received Brazilian Health Regulatory Agency ANVISA approval to manufacture and market semaglutide injection in the Latin American country.

The generic drugmaker plans to launch the product in the next few days in partnership with Hypera Pharma, a pharmaceutical company in Brazil. It will be available as a pre‑filled, multi‑dose injectable pen in two strengths (2 mg/1.5 mL and 4 mg/3 mL) allowing flexible, once‑weekly dosing.

“The approval of semaglutide in Brazil expands access to an evidence-based treatment option for people living with inadequately controlled type 2 diabetes. It reflects the strength of our development and manufacturing capabilities,” said Aalok Shanghvi, Chief Operating Officer, Sun Pharma.

The semaglutide injectable market in Brazil is around $413 million, Sun Pharma said citing IQVIA, MAT June 2026 data.

Earlier this month, Sun Pharmaceutical launched generic semaglutide in South Africa following approval from the regulator in the country. The product is supplied in a pre-filled, multi-dose injectable pen in two strengths (2 mg/1.5 mL and 4 mg/3 mL) that allow flexible, once-weekly dosing, the company said. South Africa was the second market where it had launched the product, after India.

Sun Pharma was among a clutch of generic drugmakers that launched semaglutide following patent expiry in March, in India. Semaglutide is the active ingredient in Novo Nordisk’s blockbuster diabetes and weight loss drugs Wegovy and Ozempic.

Sun Pharma getting Brazil’s approval comes on the heels of competitor Dr. Reddy’s recently halting commercial supplies of its generic semaglutide after an issue associated with the active pharmaceutical ingredient (API) used in the drug and fresh despatches were likely to resume only towards late October or early November. The development is bound to affect customers in India and Canada, said Dr. Reddy’s. The Hyderabad-based generic drugmaker was also eyeing Brazil for its semaglutide.



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Profit Up 16%, Revenue Sees Uptick https://artifex.news/sun-pharma-q3-results-profit-up-16-revenue-sees-uptick-10919882publishernewsstand/ Sat, 31 Jan 2026 12:02:00 +0000 https://artifex.news/sun-pharma-q3-results-profit-up-16-revenue-sees-uptick-10919882publishernewsstand/ Read More “Profit Up 16%, Revenue Sees Uptick” »

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Sun Pharma Q3 Results: Profit Up 16%, Revenue Sees Uptick

Sun Pharma’s revenue was at Rs. 15,521 crore compared with Rs. 13,676 crore, up 13.5%.

Photo Source: Company Facebook Page

Sun Pharmaceutical Industries Ltd. reported a 16% year-on-year rise in the consolidated net profit to Rs. 3,369 crore in Q3FY26 from Rs. 2,903 crore. Revenue was at Rs. 15,521 crore compared with Rs. 13,676 crore, up 13.5%. Earnings before interest, taxes, depreciation and amortisation was reported to be Rs 4,949 crore versus Rs. 4,009 crore, up 23.4%. Margin is seen at 29.3% versus 31.9%. 

Sun Pharmaceutical Industries Q3FY26 results (Cons, YoY)

  • Profit Up 16% at Rs 3,369 crore versus Rs 2,903 crore.
  • Revenue Up 13.5% at Rs 15,521 crore versus Rs 13,676 crore.
  • Ebitda Up 23.4% at Rs 4,949 crore versus Rs 4,009 crore.
  • Margin at 29.3% versus 31.9%. 

Sun Pharmaceutical Share Price On Sunday

Shares of Sun Pharmaceutical Industries closed 0.36% higher at Rs. 1,595.30 crore on NSE, compared to a 0.39% decrease in the Nifty index on Sunday. 

Also Read: Q3 Results LIVE Updates: IDFC First Bank, Sun Pharma, And CDSL Quarterly Earnings Today




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Gautam Adani Emerges As Biggest Dollar Gainer In Forbes Rich List 2024 https://artifex.news/forbes-rich-list-2024-gautam-adani-emerges-as-biggest-dollar-gainer-in-forbes-rich-list-2024-6758235rand29/ Thu, 10 Oct 2024 08:52:16 +0000 https://artifex.news/forbes-rich-list-2024-gautam-adani-emerges-as-biggest-dollar-gainer-in-forbes-rich-list-2024-6758235rand29/ Read More “Gautam Adani Emerges As Biggest Dollar Gainer In Forbes Rich List 2024” »

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With his brother Vinod, Gautam Adani added $48 billion to take the familys net worth to $116 billion

New Delhi:

Adani Group chairman Gautam Adani emerged as the biggest dollar gainer on Thursday among the list of Forbes India’s 100 richest tycoons, with the family’s net worth rising to $116 billion.

Along with his brother Vinod Adani, Gautam Adani added $48 billion to climb up to the second position on the list. The Forbes report said Mr Adani posted a strong recovery from “last year’s short-selling attack”. This amounts to a 71 percent rise in wealth.

Reliance Industries chairman and managing director Mukesh Ambani’s wealth increased by $27.5 billion to bring his total net worth to $119.5 billion. Mr Ambani’s wealth rose by 30 percent, even as he emerged as the second biggest dollar gainer this year. Reliance had announced a bonus issue of shares as a Diwali gift to Reliance investors.

In a record-breaking year, the collective wealth of India’s 100 richest tycoons surpassed the trillion dollar milestone for the first time as more than 80 per cent of the country’s richest tycoons are now wealthier than they were a year ago and twice as rich as they were in 2019, the Forbes report showed.

More than 80% of the richest Indians are wealthier with 58 of them adding $1 billion or more to their respective net worths. Half a dozen fortunes swelled by more than $10 billion each, including the top five, who as a group gained nearly $120 billion. The top 12 list members account for roughly half the group’s combined wealth.

India’s richest woman Savitri Jindal, matriarch of steel-to-power conglomerate OP Jindal Group, whose son Sajjan Jindal recently made an ambitious foray into electric vehicles with MG Motor, moved up to No. 3 for the first time. She’s one of nine women on the list, up from eight a year ago.

The new woman in the ranks is Mahima Datla, who controls privately-held vaccine producer Biological E. She’s one of four newcomers to the list, a group that includes B Partha Saradhi Reddy, founder of Hetero Labs, a maker of generic medicines and pharma ingredients.

The two other new faces are Harish Ahuja, whose apparel maker Shahi Exports supplies to labels such as H&M and Calvin Klein; India’s booming IPO market made Surender Saluja, founder and chairman of Premier Energies, which makes solar panels and modules, a multi-billionaire after his company got listed in September.

Dilip Shanghvi, founder of Sun Pharmaceutical Industries, jumped three spots to No. 5 with $32.4 billion on rising demand for its skin treatments for everything from acne to psoriasis; siblings Sudhir & Samir Mehta, whose Torrent Group flagship Torrent Pharmaceuticals is eyeing acquisitions, more than doubled their wealth to $16.3 billion.

Four prominent property fortunes on the list were up more than $16 billion combined. Another notable real estate gainer was Irfan Razack and his siblings, whose Bangalore-based developer Prestige Estates Projects rode the boom in India’s tech capital and is now making a mark in Mumbai, the country’s financial hub. The family is one of five members who had previously dropped out of the ranks but rejoined after a hiatus. The other four made their fortunes in everything from operating airports to making industrial explosives.

The storied Godrej family finally concluded a division of their holdings between two factions in April and as a result they appear separately for the first time: brothers Adi & Nadir Godrej, who control the listed companies under the Godrej Industries Group, and their cousins Jamshyd Godrej and Smita Crishna Godrej, who control their privately held flagship Godrej & Boyce under the Godrej Enterprises Group.

The youngest list member is Nikhil Kamath, 38 who cofounded and runs discount brokerage Zerodha with his brother Nithin, 45.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)



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LIC sells over 2% stake in Sun Pharma for ₹4,699 crore https://artifex.news/article67307102-ece/ Thu, 14 Sep 2023 11:27:01 +0000 https://artifex.news/article67307102-ece/ Read More “LIC sells over 2% stake in Sun Pharma for ₹4,699 crore” »

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Life Insurance Corporation of India (LIC) eastern zonal head office building in Kolkata. File
| Photo Credit: REUTERS

LIC on Thursday said it has sold 2% of its holding in Sun Pharma for ₹4,699 crore via open market sale.

Following the share sale, there is a decrease of 2% in holding during the period from July 22, 2022 to September 13, 2023.

“Corporation’s shareholding in Sun Pharma has diluted from 12,05,24,944 to 7,22,68,890 equity shares decreasing its shareholding from 5.023% to 3.012% of the paid-up capital of the said company,” LIC said in a regulatory filing.

The shares were sold at an average price of ₹973.80 per share during the period through an open market sale in an ordinary course of transaction, it said.

Sun Pharma is engaged in the business of manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharma Ingredients (APls).

Shares of the country’s largest state-owned insurer, LIC, closed at ₹660.80 apiece on BSE, up by 0.27%. Sun Pharma shares ended 0.8% up at ₹1,143.60.



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