X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Megatrend signals from a recent trip, what to look for in 2Q results and more... - Views on News from Equitymaster
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  
The Equitymaster Research Digest

Megatrend signals from a recent trip, what to look for in 2Q results and more...
Oct 13, 2015

Unless you are like my colleague Bhavita (our in-house pharma analyst), having an outlook on pharma sector stocks can be quite a challenge. Unlike her, for investors who do not understand pharma terms and have no clue about drug pipelines, market size etc, the sector is a complex maze. Even attending a basic quarterly result conference call with the management will throw at you half a dozen jargons. And unless you have good grip over the history of para IV filings, your estimates of the company's EPS has a fair chance of going horribly wrong!

My previous discussions with management of pharma companies have been peppered with terms like these...

ANDAs (Abbreviated new drug applications)

NCEs (New Chemical entities - a new drug)

Para IV filings (notice filed by a generic pharma company challenging the patent)

NDDS (New drug delivery system - a new method to administer the drug)

DMF - Drug master file

API - Active pharmaceutical ingredients (bulk drugs - raw material for most pharma entities)

ODT - Orally disintegrating tablets

483s (USFDA's observations regarding the company's manufacturing plant)

I had little reason to expect anything different this time. My guess was that as usual it would be some updates and numbers on such jargons. Needless to say, I prepared myself well.

To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS