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Covid jab approval brightens prospects for Cadila earnings

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₹2,400 crore and ₹4,500 crore in FY22 and FY23 and incremental net profit of ₹400 crore and ₹1,000 crore in FY22 and FY23 resulting in 17% and 40% earnings upgrade to our FY22 and FY23 earnings estimates," said analysts at Phillip Capital Institutional Equities in a note.

They expect Cadila to sell close to 83-150 million doses in FY22 and FY23, respectively, and assume a blended price of ₹300 per dose.

Meanwhile, the company also announced receiving approval for the launch of Tofacitinib extended-release tablets of 11 mg and 22 mg in the US.

The 22mg tablet will have a 180-day marketing exclusivity. Though the US market for Tofacitinib is currently more than $2 billion a year, extended-release tablets comprise half of this market, say

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United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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