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Aurobindo Pharma advances on receiving USFDA approval for Raloxifene Hydrochloride tablets

31 Aug 2015 Evaluate

Aurobindo Pharma is currently trading at Rs. 772.50, up by 17.75 points or 2.35% from its previous closing of Rs. 754.75 on the BSE.

The scrip opened at Rs. 774.50 and has touched a high and low of Rs. 779.70 and Rs. 767.65 respectively. So far 43,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 832.50 on 20-Aug-2015 and a 52 week low of Rs. 382.50 on 24-Sep-2014.

Last one week high and low of the scrip stood at Rs. 793.95 and Rs. 646.20 respectively. The current market cap of the company is Rs. 45,111.00 crore.

The promoters holding in the company stood at 53.92% while Institutions and Non-Institutions held 35.75% and 10.33% respectively.

Aurobindo Pharma has received the final approval from the US Food & Drug Administration (USFDA) to manufacture and market Raloxifene Hydrochloride Tablets USP 60mg (ANDA 204310). The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Evista Tablets, 60mg of Eli Lilly.

Raloxifene Hydrochloride Tablets are indicated for treatment and prevention of osteoporosis in postmenopausal women. The product has an estimated market size of $404 million for the twelve months ending June 2015.

This is the 45th ANDA to be approved out of Unit VII formulation facility in Hyderabad, India for manufacturing Oral Non-Antibiotic products. Aurobindo now has a total of 210 ANDA approvals (182 Final approvals including 9 from Aurolife Pharma LLC and 28 tentative approvals) from USFDA.


Aurobindo Pharma Share Price

1367.70 -17.95 (-1.30%)
20-Apr-2026 16:59 View Price Chart
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