Sun Pharmaceutical

Merck close to strategic deal with Sun PharmaSun Pharmaceutical Industries announced to close a strategic marketing partnership with US-based drug multinational Merck and Company Inc. in the domestic market which has reported gains for Sun Pharmaceutical Industries. Its shares rose 1.27% to Rs. 447 at 9:38 IST.

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Sun Pharma net falls 26%

Sun Pharmaceutical Industries’ has announced its annual financial results for the fiscal year 2009-10. The net profit of the company has fallen down by 26% for the year that ended in 31st March, 2010.

The net profit of the firm was reported to be Rs 1,351 crore for the preceding financial year. So this year was not so impressive for the leading pharmaceutical company of the country. Form a mammoth net profit posted last year, it has declined to almost 26% this year.

Franklin Templeton relieves Sun PharmaPharmaceutical major Sun Pharmaceutical has finally got some relief after Franklin Templeton has finally decided to withdraw the appeal against the company. Franklin Templeton was a co- appellant along with Israeli pharmaceutical major Taro Pharma against Sun Pharma.

The news helped the shares of Sun Pharma to upsurge by 5.62% to Rs. 1538.80 on the BSE.

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