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Hyderabad, Jan. 25 Natco Pharma Ltd has posted 31 per cent increase in the net profit at Rs 11.43 crore in the third quarter ended December 31, 2007 against Rs 8.69 crore in the corresponding quarter of the previous fiscal. The total revenues too had gone up by 31 per cent to Rs 95 crore (Rs 72 crore).

The company is pursuing the development of two new chemical entities useful in treatment of blood and lung cancers and would commence Phase I clinical trials shortly. It was also in the process of acquiring a pharmacy store in the US, according to a release.

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