{"id":115495,"date":"2023-12-13T15:53:40","date_gmt":"2023-12-13T10:23:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115495"},"modified":"2023-12-13T16:22:08","modified_gmt":"2023-12-13T10:52:08","slug":"stock-jumps-after-receiving-approval-from-tga-australia-for-medicinal-oral-mouth-dissolving-films","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-after-receiving-approval-from-tga-australia-for-medicinal-oral-mouth-dissolving-films\/","title":{"rendered":"Stock jumps after receiving approval from TGA Australia for medicinal oral mouth dissolving films"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3082432252\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Small-cap stock jumped 2 percent in the day\u2019s trade after it received approval from TGA, Australia for a product that is being supplied to the US and other markets.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2784489160\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 3:05 p.m. the shares of Shilpa Medicare Limited were trading at Rs. 378.10, up 2.42 percent from its previous day\u2019s close price of Rs. 369.15 and its market capitalization is Rs. 3,280 Crores.&nbsp;<\/p><p>Shilpa Medicare Limited\u2019s Unit VI, has received approval from TGA, Australia for the manufacture, labeling, packaging, and testing of medicinal Oral Mouth Dissolving Films.&nbsp;<\/p><p>This Unit is supplying Oral Film products to the US and other markets. This approval will enable the company to secure approval and market its Oral Film products in Australia.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4045928367\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Oral Mouth Dissolving Film is a technology-intensive, niche dosage form that offers significant advantages over conventional oral dosage forms in terms of patient convenience, dosing compliance, and quick and effective delivery of drugs. The company has a pipeline of products in this type of dosage form.&nbsp;<\/p><p>In Q2FY24 it generated 70 percent(Rs. 220.1 Crores) of its revenue from API, 27 percent(Rs. 85.7 Crores) from Formulation, and 3 percent(Rs. 9 Crores) from others.&nbsp;<\/p><p>The company\u2019s revenue from operations declined 8.33 percent from Rs. 1,145.52 Crores in FY22 to Rs. 1,050.11 Crores in FY23, accompanied by a profit of Rs. 60.66 Crores to a loss of Rs. 32.48 Crores.&nbsp;<\/p><p>Shilpa Medicare Limited is engaged in the business of manufacturing, sale, and research and development of generic pharmaceutical products, active pharmaceutical ingredients (APIs), and formulations for both domestic and international markets.&nbsp;<\/p><p><strong>Written by: Bharath K.S<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3975432914\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-197409671\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Small-cap stock jumped 2 percent in the day\u2019s trade after it received approval from TGA, Australia for a product that is being supplied to the US and other markets.&nbsp; At 3:05 p.m. the shares of Shilpa Medicare Limited were trading at Rs. 378.10, up 2.42 percent from its previous day\u2019s close price of Rs. 369.15 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-115495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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