{"id":4785,"date":"2024-05-07T21:23:42","date_gmt":"2024-05-07T16:23:42","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=4785"},"modified":"2024-05-07T21:23:44","modified_gmt":"2024-05-07T16:23:44","slug":"cphl-joint-venture-expanding-api-production-in-pakistan","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/cphl-joint-venture-expanding-api-production-in-pakistan\/","title":{"rendered":"CPHL joint venture expanding API production in Pakistan"},"content":{"rendered":"\n<p>In an notification sent to PSX on Citi Pharma Ltd (CPHL) announced about a new venture for pharmaceutical innovation.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Citi Pharma Limited has formed a joint venture named ETACI LIMITED with Hangzhou Newsea Technology Co., Ltd to expand API production in Pakistan. This venture aims to add 30 new APIs to Citi Pharma&#8217;s existing portfolio of 20, reflecting their commitment to innovation and growth in response to healthcare demands. Citi Pharma retains a controlling interest of <strong>65%<\/strong> in ETACI LIMITED, with Hangzhou Newsea holding <strong>35%<\/strong>. The partnership seeks to reduce reliance on imports, improve cost efficiency, and strengthen the supply chain. Projected annual turnover exceeds <strong>PKR 15,000 million<\/strong>, with anticipated gross profits of <strong>PKR 4,500 million<\/strong>. This initiative aligns with Citi Pharma&#8217;s vision for 2030, emphasizing self-reliance in API production to bolster Pakistan&#8217;s pharmaceutical industry and contribute to economic development.<\/p>\n<\/blockquote>\n\n\n\n<p>The shares of <strong>CPHL<\/strong> were last trading at <strong>Rs.29.39<\/strong> today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CPHL announced about a new venture for pharmaceutical innovation.<\/p>\n","protected":false},"author":11,"featured_media":4786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152],"tags":[242],"class_list":["post-4785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-material-information","tag-cphl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/CPHL-Material-Information-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/CPHL-Material-Information-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/CPHL-Material-Information-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/05\/CPHL-Material-Information.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=4785"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/4786"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=4785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=4785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=4785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}