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Latest news about Shilpa Medicare

Shilpa Medicare Reports 9% Revenue Growth and Record EBITDA in Q1 21 minutes ago Today

Shilpa Medicare Limited reported a 9% year-over-year revenue growth to INR 328.00 crores in Q1, driven by API and Biologics verticals. EBITDA increased by 18% to INR 98.00 crores, with a 30% margin. Gross margins improved to 76%. The API segment generated INR 227.00 crores in revenue, while Formulations contributed INR 98.00 crores. Biologics segment showed significant growth with INR 73.00 crores in revenue. The company received approval for NorUDCA, its first NCE, and is progressing in biosimilars and CDMO projects. The Board proposed a 1:1 bonus issue.

Shilpa Medicare's Norduca Secures Global First Approval for NAFLD Treatment 4 days ago

Shilpa Medicare Sets Record Dates for Final Dividend and 1:1 Bonus Share Issue, Reports Strong Q1 FY26 Results 4 days ago

Shilpa Medicare Secures CDSCO Approval for Pioneering NAFLD Treatment 7 days ago

Shilpa Medicare Secures Global First Approval for NAFLD Treatment 9 days ago

More news about Shilpa Medicare

08Aug 25

Shilpa Medicare to Consider Bonus Share Issue on August 13

Shilpa Medicare Limited has scheduled a board meeting for August 13, 2025, to consider and potentially approve a proposal for issuing bonus shares. The company has also announced a trading window closure from July 1, 2025, to August 15, 2025, in compliance with SEBI regulations. This development could have implications for the company's shareholding structure and stock liquidity.

24Jul 25

Shilpa Medicare Invests $2 Million in US Biotech Alveolus Bio, Advancing Lung Disease Therapies

Shilpa Medicare Limited's subsidiary, Shilpa Pharma Inc, is investing $2 million in SAFE Notes in Alveolus Bio, a US-based biotech startup focused on lung disease therapies. Shilpa Biologics Private Limited will be the exclusive global development and manufacturing partner for Alveolus Bio. The investment aims to fund Alveolus Bio's lead COPD program through Phase 2 clinical trials and accelerate preclinical programs. Alveolus Bio's pipeline includes therapies for COPD, BPD, Pulmonary Fibrosis, and other lung conditions. The company has shown significant income growth over the past three years. The partnership combines Shilpa's pharmaceutical expertise with Alveolus Bio's innovative resMIT platform, potentially leveraging India's competitive biologics manufacturing ecosystem.

16Jul 25

Shilpa Medicare Receives EIR from USFDA for Bengaluru Unit VI

Shilpa Medicare Limited has received an Establishment Inspection Report (EIR) with Voluntary Action Indicated (VAI) classification from the USFDA for its Unit VI in Bengaluru. The facility, specializing in Oral Dissolving Films and Transdermal Systems, underwent a GMP inspection from October 24 to 30. The unit already has approvals from EMA, MHRA, SFDA, and TGA, and supplies Oral Film products to the US and other international markets. Shilpa Medicare has also filed for approval of Transdermal products in Europe.

10Jul 25

Shilpa Medicare's Bengaluru Facility Achieves SFDA Saudi Arabia GMP Certification with Zero Observations

Shilpa Medicare Limited's Bengaluru facility has obtained Good Manufacturing Practice (GMP) certification from the Saudi Food and Drug Authority (SFDA) with zero observations. This certification opens opportunities for the company in the Saudi Arabian pharmaceutical market, one of the largest in the Middle East. The achievement underscores Shilpa Medicare's commitment to high-quality manufacturing practices and enhances its global credibility. The certification potentially allows the company to introduce its products in Saudi Arabia, subject to necessary approvals.

07Jul 25

Shilpa Medicare's Pharma Unit Clears ANVISA Inspection with Flying Colors

Shilpa Medicare Limited's Shilpa Pharma Lifesciences Unit-1 successfully completed a Good Manufacturing Practice (GMP) inspection by ANVISA, Brazil's Health Regulatory Agency, with no critical or major observations. This achievement validates the company's quality management systems and manufacturing processes, potentially enhancing its access to the Brazilian pharmaceutical market and demonstrating compliance with international regulatory standards.

04Jul 25

Shilpa Medicare's Pharma Unit Clears ANVISA Inspection with Minor Observations

Shilpa Medicare Limited's subsidiary, Shilpa Pharma Lifesciences Limited, Unit-1, has successfully passed a Good Manufacturing Practice (GMP) inspection by ANVISA, Brazil's Health Regulatory Agency. The inspection, conducted from June 30 to July 4, concluded with no critical or major observations, only noting a few procedural points. The company will submit a Corrective and Preventive Action (CAPA) plan to address these minor issues. This approval potentially strengthens Shilpa Medicare's access to the Brazilian pharmaceutical market and enhances its global reputation.

28Jun 25

Shilpa Medicare's Amalgamation with InM Technologies Receives NCLT Approval

Shilpa Medicare Limited has obtained approval from the National Company Law Tribunal (NCLT) Bengaluru to amalgamate with its wholly-owned subsidiary, InM Technologies. This merger is part of Shilpa Medicare's corporate restructuring efforts, aimed at streamlining operations and potentially enhancing technological capabilities. The amalgamation is expected to bring synergies and operational efficiencies to the combined entity.

27May 25

Shilpa Medicare Advances Drug Pipeline: NORUDCA Approval Expected in FY26

Shilpa Medicare reports progress on its drug development pipeline. The company anticipates approval and launch of its New Chemical Entity, NORUDCA, in the first half of FY26. Additionally, two immunotherapy drugs, Nivolumab and Pembrolizumab, have completed R&D scale product development and are undergoing pre-clinical studies. Human studies for these drugs are expected to commence in FY26.

27May 25

Shilpa Medicare Outlines Strategic Plans for Product Launches and Business Growth

Shilpa Medicare announced plans to launch Axitinib in Europe in Q1 FY2026 with secured supply orders. Methotrexate's CEP review is ongoing with expected approval in FY2026. A Phase II molecule received clearance for clinical trials starting Q1 FY2026. The company anticipates increased CDMO revenue and margin improvements following US facility approval. Lower interest costs are expected to yield savings. A $4 million polymer order is set to generate revenue in FY2026.

26May 25

Shilpa Medicare Q4 Results: EBITDA Up, Net Profit Down; Announces ₹1 Per Share Dividend

Shilpa Medicare's Q4 results show revenue growth of 13.01% YoY to ₹3.30 billion and EBITDA increase of 9.71% to ₹768.00 million. However, net profit declined 40.82% YoY to ₹145.00 million. The company announced a dividend of ₹1 per equity share.

23May 25

Shilpa Medicare Unit Secures European Distribution Deal with Orion Corporation

Shilpa Medicare's unit has entered into a strategic partnership with Orion Corporation, granting the latter exclusive rights for distribution, marketing, and sales of Shilpa's recombinant human albumin in Europe. This collaboration aims to expand Shilpa Medicare's presence in the European pharmaceutical market, leveraging Orion's established network. The deal focuses on recombinant human albumin, a vital protein used in various medical applications, showcasing Shilpa's biotechnology expertise. While financial terms were not disclosed, this agreement could potentially boost Shilpa Medicare's revenue from the European market.

15May 25

Shilpa Medicare's Subsidiary Receives USFDA Approval with VAI Classification

Shilpa Pharma Lifesciences Ltd, a subsidiary of Shilpa Medicare Limited, has received an Establishment Inspection Report (EIR) from the USFDA for its Unit-1 facility. The inspection, conducted from March 3 to March 7, 2025, resulted in a Voluntary Action Indicated (VAI) classification. This favorable outcome indicates that the facility largely meets regulatory standards, with only minor issues that can be addressed voluntarily. The VAI classification is expected to positively impact Shilpa Medicare's operations and potential expansion in the U.S. market.

14May 25

Shilpa Medicare's Subsidiary Receives USFDA Approval with VAI Classification

Shilpa Pharma Lifesciences Ltd, a subsidiary of Shilpa Medicare Limited, has received an Establishment Inspection Report (EIR) from the USFDA following an inspection of its Unit-1 facility from March 3 to March 7, 2025. The USFDA classified the site as Voluntary Action Indicated (VAI), indicating minor issues that don't require official FDA action. This outcome demonstrates the company's alignment with FDA standards and positions it for potential growth in the U.S. market.

21Apr 25

Shilpa Medicare Reaches $3.4 Million Settlement with Celltrion

Shilpa Medicare Limited has reached a settlement agreement with Celltrion, a South Korean biopharmaceutical company, for $3.40 million. The settlement will be paid in installments until July 2025. This resolution is expected to provide clarity and stability for Shilpa Medicare's future operations. The specific reasons for the dispute were not disclosed.

17Apr 25

Shilpa Medicare Settles Dispute with Celltrion for $3.4 Million

Shilpa Medicare Limited has reached a settlement agreement with Celltrion, Inc., ending a legal dispute over a 2019 supply and distribution agreement. The settlement, disclosed on April 17, 2025, requires Shilpa Medicare to pay $3.40 million to Celltrion in installments until July 2025. This agreement follows an arbitration process by the London Court of International Arbitration and reduces the initially awarded amount. Shilpa Medicare states that the settlement payment is not expected to impact its future operations.

09Apr 25

Shilpa Medicare Secures USFDA Approval for Varenicline Tablets, Eyeing $203M US Market

Shilpa Medicare Limited has received USFDA approval for Varenicline tablets in 0.5 mg and 1 mg strengths on April 9, 2025. This generic version will compete with Chantix Tablets in the US market, estimated at $203 million. Varenicline is a prescription medication for smoking cessation. Shilpa Medicare, based in Raichur, Karnataka, is an integrated pharmaceutical company with diverse capabilities in oncology and non-oncology APIs, peptides, polymers, and various formulations. The company operates four R&D units and seven manufacturing facilities.

03Apr 25

Shilpa Medicare Launches BORUZU™: A Ready-to-Use Bortezomib Injection in US Market

Shilpa Medicare Limited has introduced BORUZU™ (Bortezomib for injection 3.5mg/1.4mL), its second NDA product, in the United States. BORUZU™ is a ready-to-use oncology drug for treating multiple myeloma and mantle cell lymphoma, referencing the branded drug Velcade®. The product offers versatile administration options and has received a permanent J-code from CMS. Amneal Pharmaceuticals will handle manufacturing and commercialization in the US market.

18Mar 25

Shilpa Medicare's Biologicals Unit Partners with mAbTree for Novel Cancer Therapy

Shilpa Biologicals Private Limited, a subsidiary of Shilpa Medicare Limited, has entered into a binding term sheet with mAbTree Biologics AG for co-development, manufacture, and commercialization of a New Biological Entity. The collaboration focuses on developing a novel checkpoint inhibitor for immuno-oncological applications, aiming to create a fully human monoclonal antibody that targets a new immune checkpoint protein. This therapy shows promise for various cancers, including lung cancer and head and neck squamous cell carcinoma. Shilpa Biologicals will support development phases and provide GMP manufacturing at its Dharwad facility.

17Mar 25

Shilpa Medicare's Subsidiary Inks Strategic Partnership with mAbTree Biologics for Novel Cancer Treatment

Shilpa Biologicals, a subsidiary of Shilpa Medicare, has entered a strategic partnership with mAbTree Biologics AG to co-develop, manufacture, and commercialize a New Biological Entity for cancer treatment. The collaboration focuses on developing a fully human monoclonal antibody targeting a novel immune checkpoint protein, aiming to enhance T cell activation and immune responses against tumors. Shilpa will provide manufacturing support and access to Indian and global markets. The therapy shows potential for various cancers, including lung cancer and hematologic malignancies.

17Mar 25

Shilpa Medicare's Subsidiary Aces USFDA Inspection with Zero Observations

Shilpa Medicare Limited's subsidiary, Shilpa Pharma Lifesciences Limited, has successfully passed a USFDA inspection at its Unit-2 in Raichur with zero observations. The inspection, conducted from March 10-14, 2025, concluded flawlessly, potentially strengthening the company's position in the U.S. pharmaceutical market and enhancing investor confidence.

10Mar 25

Shilpa Medicare's Unit-1 Receives Single Observation in FDA Inspection

Shilpa Medicare Limited's Unit-1 of Shilpa Pharma Lifesciences underwent an FDA inspection, resulting in one procedural observation in Form 483. This outcome is generally viewed positively, indicating no significant issues with product quality, safety, or efficacy. The company is expected to address the observation promptly to maintain good standing with the FDA.

07Mar 25

Shilpa Medicare's Unit-1 Receives One Observation in USFDA Inspection

Shilpa Medicare Limited's subsidiary, Shilpa Pharma Lifesciences Limited, underwent a USFDA inspection at its Unit-1 facility in Raichur, Karnataka from March 3-7, 2025. The inspection resulted in one procedural observation in Form 483. The company has committed to addressing this observation comprehensively within the stipulated time, demonstrating its commitment to regulatory compliance.