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Ipca Laboratories Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1309.5, down 1.06% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.56% on the day, quoting at 25084.95. The Sensex is at 81868.07, down 0.56%.Ipca Laboratories Ltd has eased around 0.06% in last one month.Meanwhile, Nifty Pharma index of which Ipca Laboratories Ltd is a constituent, has eased around 0.79% in last one month and is currently quoting at 22205.1, down 0.82% on the day. The volume in the stock stood at 63454 shares today, compared to the daily average of 2.11 lakh shares in last one month.
The PE of the stock is 36.96 based on TTM earnings ending June 25.
Ipca Laboratories and BioSimilar Sciences PR LLC (BSS) today announced a definitive Technology Transfer and Joint Development Agreement that will shift late-stage development, clinical manufacture, and commercial supply of a next generation anti-cancer / anti-inflammatory monoclonal antibody biosimilar being developed by Ipca to BioSimilar Sciences PR LLC (BSS) 200,000 square feet sterile campus in Aguadilla, Puerto Rico.