NEWS FLASH

Outlook for the year 2008

Audited Financial Results 2007-08
 
News Update
.: Unaudited financial results for the quarter ended 31st December, 2006
.: Unaudited financial results for the quarter ended 31st December, 2005
.: Ind-Swift Lab Net Rises 418% In Q4. Closes The Year With Np Of Rs.26.48 Crores (Up 244.64%). Declares A Dividend Of 15 %

.: Ind-Swift Laboratories net up 106 pc on higher exports
.: Ind-Swift Labs enter into contract research tie-up with two European companies.
.: Ind-Swift Laboratories net rises 44% in 2003-04
.: Ind-Swift Laboratories receives Express Pharma Pulse Award
.: Ind-Swift Laboratories board recommends 10% maiden dividend
.: Ind-Swift Laboratories - CAPEX PLANS

Ind-Swift Laboratories Limited undergoes successful USFDA audit

Ind-Swift Laboratories Ltd. has successfully completed USFDA inspection for  Clarithromycin, Active Pharmaceutical Ingredient (API) manufacturing facility. Ind-Swift Laboratories Inc. USA ( ISL INC.), a wholly owned subsidiary of Ind-Swift Laboratories was instrumental in achieving this milestone, said N.R. Munjal, Managing Director.

This would enable us to roll out our API’s in the North American market. ISL Inc. has partnered with top US generic companies for generic pharmaceutical business. We are also working on alliances with biotechnology companies in North America which will fuel our long term growth strategy  said Vikas Narendra, President  Ind-Swift Laboratories Inc.

Ind-Swift has already filed 10  Drug Master Files  (DMF’s)  and plans to file a significant number of DMF’s with USFDA during next financial year. This will pave way for the company to enter the US market, which is biggest  generic drugs market in the World.

Ind-Swift Laboratories has a significant presence in more than 45 countries, in addition to a strong position in the domestic market. Its research and development centre employs over 150 scientists.

Clarithromycin is a Macrolide Antibiotic Molecule used in the treatment of the lower respiratory tract infections. The Macrolides have a World Market Size of US$ 1.3 bn . Ind-Swift is one of the largest manufacturer of Clarithromycin after the innovator.

The facility has already received the COS and TGA certifications . The Company is also at an advanced stage of launching its drugs in the Japanese Markets .










To know about our Formulation Division, please visit us at Ind-Swift Limited, our other group company.