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Cadila Healthcare gains on entering into settlement agreement with Depomed on Gralise

15 Apr 2014 Evaluate

Cadila Healthcare is currently trading at Rs. 984.70, up by 17.80 points or 1.84 % from its previous closing of Rs. 966.90 on the BSE.

The scrip opened at Rs. 986.50 and has touched a high and low of Rs. 994.50 and Rs. 966.00 respectively. So far 5977 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1079.00 on 03-Mar-2014 and a 52 week low of Rs. 631.00 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1026.30 and Rs. 955.50 respectively. The current market cap of the company is Rs. 20157.49 crore.

The promoters holding in the company stood at 74.79 % while Institutions and Non-Institutions held 13.98 % and 11.23 % respectively.

Cadila Healthcare, a global pharmaceuticals company, and Zydus Pharmaceuticals (USA), Inc., a leading generic pharmaceutical company in the United States, have entered into a settlement agreement with Depomed, Inc. to settle their ongoing patent infringement litigation related to Gralise (gabapentin) 300 mg and 600 mg tablets. The settlement permits Cadila and Zydus to begin selling generic versions of Gralise on January 1, 2024, or earlier under certain circumstances.

The agreement is subject to review by the US Department of Justice and the Federal Trade Commission, and entry of an order dismissing the litigation by the US District Court for the District of New Jersey.

Zydus Cadila is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies. It is the only Indian pharma company to launch its own patented NCE - Lipaglyn, the world’s first drug to be approved for the treatment of diabetic dyslipidemia.

Zydus Lifesciences Share Price

942.55 3.35 (0.36%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
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