The word on the street is that SII is facilitating ADO with its reach into the Indian market.
SII is the worlds largest vaccine maker and has many interests and influence in other Indian companies
The deal with Vidcare may be done soon as they move into the next phase of their product development.
miscellaneous $$ may arrive from the Korean connection.
The Indian pharmaceutical industry is a global powerhouse, often referred to as the "pharmacy of the world." It is the largest provider of generic medicines globally, supplying over 50% of the world's vaccine demand and 40% of generic drugs in the U.S. market2. The industry is projected to grow significantly, with its market size expected to reach $130 billion by 2030 and $450 billion by 2047.India's strengths lie in its cost-efficient manufacturing, skilled workforce, and a large number of USFDA-compliant facilities. The government has also implemented policies like the Production Linked Incentive (PLI) scheme to boost domestic manufacturing and reduce dependency on imports.
ADO Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)