Trading Picks

Friday, 12 August 2011

Orchid Chemicals & Pharmaceuticals Limited

BUY ON DIPS .........Orchid Chemicals & Pharmaceuticals (ORCHIDCHEM) is a Chennai-based pharmaceuticals (bulk drugs) company. With exports spanning more than 75 countries, it is the largest manufacturer-exporter of cephalosporin bulk actives in India and is ranked amongst the top five cephalosporin producers globally. The company was incorporated on July 1, 1992 and obtained the certificate for commencement of business on Oct. 15. Orchid`s antibiotics portfolio includes cephalosporins, high-end betalactams, monobactams and carbapenems. Its non-antibiotic product portfolio covers drugs in central nervous system, cardiovascular, gastro-intestinal, pain management and osteoporosis therapeutic categories, ..etc. Orchid has two manufacturing sites for APIs and three manufacturing sites for dosage forms besides two R&D centers. In 1994, it entered into an agreement with SBD Laboratories, Italy for technology to keep production in sterile condition. In 1998, it entered into the formulation market. The Drug Controller of India granted a licence to Cipla and Orchid Pharmaceuticals & Chemicals to export sildenafil citrate, the bulk drug that goes into Pfizer`s patented anti-impotence pill Viagra. In 2000, it entered into a joint venture with the UK-based Cambridge Chemicals to distribute its nutraceutical products in that country.