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Aurobindo Pharma declines as its US based arm initiates recall of Gabapentin capsules

25 Nov 2014 Evaluate

Aurobindo Pharma is currently trading at Rs. 1099.00, down by 19.35 points or 1.73% from its previous closing of Rs 1118.35 on the BSE.

The scrip opened at Rs. 1118.95 and has touched a high and low of Rs. 1133.60 and Rs. 1093.20 respectively. So far 78331 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1151.70 on 19-Nov-2014 and a 52 week low of Rs. 280.50 on 25-Nov-2013.

Last one week high and low of the scrip stood at Rs. 1151.70 and Rs. 1088.00 respectively. The current market cap of the company is Rs. 32059.66 crore.

The promoters holding in the company stood at 54.10 % while Institutions and Non-Institutions held 35.67 % and 10.22 % respectively.

Aurobindo Pharma’s American arm Aurobindo Pharma USA, Inc. has initiated a voluntary recall of Gabapentin capsules, which are used in the treatment of epilepsy, of a particular lot in the US market as some of the capsules were found to be empty. The empty capsules could have adverse health consequences that can range from having no effect to a short term reduction in efficiency.

The company received the American drug regulator's approval to manufacture and market the product in October 2011. The affected Gabapentin lot, GESB14011-A, expires on December 2015 and is packaged in 100-count bottles.

Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceutical ingredients. The company’s robust product portfolio is spread over 6 major therapeutic/product areas encompassing Antibiotics, Anti-Retrovirals, CVS, CNS, Gastroenterologicals, and Anti-Allergics, supported by an outstanding R&D set-up.

 

Aurobindo Pharma Share Price

1385.65 -0.45 (-0.03%)
17-Apr-2026 16:59 View Price Chart
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