Venus Remedies gets final Rs 11 Cr AMR milestone from Cipla
VENUSREM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 4.2 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Venus Remedies received the final Rs 11 crore milestone payment from Cipla, completing all commercial milestones from their 2019 licensing deal. The patented AMR-focused anti-infective, licensed to Cipla for India marketing, has treated over 1 million patients with no serious adverse events reported. The company highlighted pipeline candidates VRP-034 and MET-X, both granted US FDA QIDP designation.
Positive — validates 2019 licensing deal completion, reinforces AMR research credibility, and adds modest cash inflow.