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flag Piramal Pharma saw lower FY26 revenues due to global delays and regulatory issues, but cost controls and strategic moves supported recovery and growth.

flag Piramal Pharma reported lower revenues in FY26 due to inventory adjustments, delayed orders, and regulatory setbacks for inhalation anesthesia outside the U.S., but EBITDA was supported by cost controls. flag A recovery began in October 2025, driven by improved biopharma funding and increased M&A activity. flag The company is expanding its Lexington and Riverview facilities with a $90 million investment, attracting strong onshoring interest. flag It acquired Kenalog® from Bristol-Myers Squibb for $35 million upfront and up to $65 million in contingent payments. flag Piramal maintained a 'Zero OAI' compliance record across 30 inspections, including two USFDA audits, and remains confident in long-term growth, citing historically strong Q4 performance.

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