Aurobindo Pharma is currently trading at Rs. 1250.00, up by 24.05 points or 1.96% from its previous closing of Rs. 1225.95 on the BSE.
The scrip opened at Rs. 1234.55 and has touched a high and low of Rs. 1253.00 and Rs. 1220.00 respectively. So far 24424 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1279.05 on 19-Mar-2015 and a 52 week low of Rs. 504.50 on 31-Mar-2014.
Last one week high and low of the scrip stood at Rs. 1279.05 and Rs. 1135.25 respectively. The current market cap of the company is Rs. 35795.57 crore.
The promoters holding in the company stood at 54.06% while Institutions and Non-Institutions held 36.20% and 9.73% respectively.
Aurobindo Pharma has received a tentative approval from the US Food & Drug Administration (USFDA) for Lacosamide Tablets 50mg, 100mg, 150mg and 200mg (ANDA 204994). Lacosamide Tablets are the generic equivalent of USB Inc's Vimpat Tablets and used in the treatment of partial-onset seizures in patients with epilepsy aged 17 years and older with a market size of approximately $593 Million for the twelve months ending January 2015 according to I MS.
This ANDA contains a Paragraph IV certification and is currently under litigation in the United States District Court for the District of Delaware [UCB Inc, UCB Pharma GMBH Research Corporation Technologies Inc. and Harris FRC Corporation v. Aurobindo Pharma and Aurobindo Pharma USA Inc, Civil Action No. 1:13-cv-01210-UNA]. Aurobindo now has a total of 193 ANDA approvals (165 Final approvals and 28 Tentative approvals) from USFDA.
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.
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