API gains boost Ipca’s sales
A 27% rise in turnover from active pharmaceutical ingredients (APIs) contributed to Ipca Laboratories increasing its group turnover by just over a fifth to Rs8.68 billion (US$121 million) in its financial first quarter ended 30 June 2018. Exports of APIs climbed by 17% to Rs1.58 billion, while the Indian company’s domestic sales of bulk drugs shot up by two-thirds to Rs600 million (see Figure 1).
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