Company watch: R&D spend weighs down Multiples PE-backed Encube Ethicals in FY18
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Company watch: R&D spend weighs down Multiples PE-backed Encube Ethicals in FY18

By Ankit Agarwal

  • 23 Nov 2018
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Company watch: R&D spend weighs down Multiples PE-backed Encube Ethicals in FY18
Credit: VCCircle

Encube Ethicals Pvt. Ltd, which provides research and manufacturing services to drugmakers, reported lower revenue and profit for the year through March 2018 as expenses on a research and development project weighed on the Mumbai-based company. The company, started by Mehul Shah in 1995, makes semi-solid creams, ointments, lotions and gels ......

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