Cipla Ltd News Today

Cipla reported a net profit of ₹1,303 crore, marking a 15% increase compared to the same period last year.

The VAI designation now clears the way for significant specialised launches, such as the Abraxane generic.

The company is now able to pursue important speciality medicine launches because to its VAI classification.

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Cipla's total research and development expenditure for the quarter reached ₹385 Crore, representing 5.5% of total sales and reflecting a 2% increase year-on-year.

This comes after competing private equity firms TPG Capital, Apax Partners, and KKR withdrew their original interest.

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On February 6, 2023, Cipla informed exchanges that I-T department officials had searched some of company offices and manufacturing units.