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Biocon : Syngene targets delivering 500,000 vials of remdesivir in India as COVID-19 surges


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BENGALURU (Reuters) - India s Syngene International Ltd aims to supply half-a-million vials of COVID-19 drug remdesivir through its local distribution partners next month, its top executive said, as the country faces shortages of the medicine amid a second wave.
At the moment we are operating at near maximum capacity (to produce remdesivir), Chief Executive Officer Jonathan Hunt told Reuters on Wednesday.
I d expect the volume of drug that we are supplying into the Indian market to step up as we get into May, he added.
Hunt did not provide details on how many vials the company has already delivered. ....

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India's Macrotech Developers IPO fully subscribed on final day after tepid start


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BENGALURU (Reuters) - Indian real estate company Macrotech Developers Ltd’s initial public offering (IPO) was oversubscribed 1.36 times on the final day, as its weak sales, substantial debt and a resurgence of COVID-19 cases weighed on investor interest.
Macrotech, formerly known as Lodha Developers, is among the major players in the Indian real estate industry. Most of its residential projects are concentrated in the country’s financial capital of Mumbai, which regularly features in the top 10 most expensive property locations in the world.
The IPO, which got a chilly response in the first two days, received bids for 49.5 million shares versus 36.4 million shares offered, as of 1130 GMT on Friday. ....

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