Bernstein, HSBC Weigh In on Aurobindo Pharma Amid FDA OAI Classification
Aurobindo Pharma's Eugia Unit-III has received a US FDA OAI classification following an inspection with 11 findings. Bernstein maintains a Market Perform rating with a TP of ₹1,498, warning of ~35 frozen ANDAs and a 3–3.5% FY27 EPS drag. HSBC retains a Buy rating with a TP of ₹1,580, highlighting the Lannett acquisition as a driver toward USD 2 billion in US sales by FY27, with gAdvair launch and Pen G and China plant cost breakeven as additional catalysts.
Aurobindo Pharma Receives Final US FDA Approval for Tofacitinib Tablets in 5 mg and 10 mg Strengths
Aurobindo Pharma has received final US FDA approval for Tofacitinib Tablets in 5 mg and 10 mg strengths, marking a key regulatory milestone. The approval underscores the company's commitment to FDA quality standards and further strengthens its generics pipeline for the US market.
Aurobindo Pharma Draws Mixed Analyst Views; DAM Capital, Goldman Sachs, Nuvama Maintain Buy
Aurobindo Pharma has received Buy ratings from DAM Capital (₹1767), Goldman Sachs (₹1550), Nuvama (₹1680), and BofA Securities (₹1700), with brokerages citing the Lannett deal, Pen-G ramp-up, Europe growth, and biosimilar investments as key drivers. CLSA, however, downgraded the stock to Hold at ₹1490, flagging higher opex and margin pressure, with meaningful growth expected only from FY28 onwards.
Aurobindo Pharma's subsidiary CuraTeQ Biologics has received CDSCO marketing authorisation (Form CT 23) for Bevqolva®, a bevacizumab biosimilar. This approval enables CuraTeQ Biologics to market the biosimilar product in India. The development marks a notable regulatory achievement for Aurobindo Pharma's biologics arm, reinforcing its presence in the oncology biosimilars space.
Aurobindo Pharma Records ₹30.08 Crore Block Trade on NSE at ₹1,496.50 Per Share
Aurobindo Pharma witnessed a block trade on the NSE involving approximately 2,00,977 shares executed at ₹1,496.50 per share, with the aggregate deal value amounting to ₹30.08 crores. Such large-scale block trades are typically associated with institutional investors and may indicate portfolio rebalancing or strategic position changes by major market participants.
Aurobindo Pharma Records Rs. 33.11 Crore Block Trade on NSE
Aurobindo Pharma Ltd. executed a significant block trade on NSE involving 241,320 shares at Rs. 1371.90 per share, totaling Rs. 33.11 crores. The transaction represents substantial institutional trading activity in the pharmaceutical company's stock, indicating strong investor interest and potential portfolio adjustments by large market participants.
UBS Raises Aurobindo Pharma Target Price to Rs 1400 Amid Balanced Risk-Reward Outlook
UBS has raised Aurobindo Pharma's target price to Rs 1400 from Rs 1200 while maintaining a neutral rating, citing balanced risk-reward dynamics. The brokerage noted the company's moderated US base business and gradual diversification strategy, including the inspection of Eugia III facility. However, UBS expects meaningful contribution from diversification efforts only from FY28-29, supporting their cautious outlook despite the price target increase.