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Syngene International Q2 Review - Decent Numbers Despite Some Margin Pressure: ICICI Direct

Syngene International Q2 Review - Decent Numbers Despite Some Margin Pressure: ICICI Direct

Syngene International viral testing facility. (image Company website)
Syngene International viral testing facility. (image Company website)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Syngene is a contract research, development and manufacturing organisation catering mainly to global innovator pharma\chemical companies offering integrated scientific services from early discovery to commercial supply.

  • Syngene serves these players, which outsource some or substantial part of their business in the product development life cycle and operates via full time equipment (FTE) and fee for services (FFS) models

  • Revenue breakup: Discovery services (35%): FTE engagements with high renewability; Dedicated services (32%): Long-term strategic alliances that last usually five years or more, Development and manufacturing (33%): FFS engagements which increase in volume/scale over time

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IDirect_Syngene_Q2FY22.pdf

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