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Aurobindo Pharma gains on getting USFDA’s nod for Dexamethasone Sodium Phosphate Injection

03 Dec 2015 Evaluate

Aurobindo Pharma is currently trading at Rs. 827.10, up by 2.20 points or 0.27% from its previous closing of Rs. 824.90 on the BSE.

The scrip opened at Rs. 830 and has touched a high and low of Rs. 830 and Rs. 822.50 respectively. So far shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 860.80 on 29-Oct-2015 and a 52 week low of Rs. 490.50 on 26-Feb-2015.

Last one week high and low of the scrip stood at Rs. 842.30 and Rs. 808.00 respectively. The current market cap of the company is Rs. 48171.24 crore.

The promoters holding in the company stood at 53.92 %, while Institutions and Non-Institutions held 34.97 % and 11.11 % respectively.

Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Dexamethasone Sodium Phosphate Injection USP, 4 mg/mL (1 ml, 5 ml and 30 ml vials). This product is expected to be launched by Q4 FY2015-16. The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Dexamethasone Sodium Phosphate Injection USP, 4 mg/ml, of Luitpold Pharmaceuticals Inc.

Dexamethasone Sodium Phosphate Injection is used in the treatment of various conditions such as severe allergic reactions, arthritis, blood diseases, breathing problems, certain cancers, eye diseases, intestinal disorders and skin diseases. The approved product has an estimated market size of $31 million for the twelve months ending September 2015.

Aurobindo now has 17 ANDAs (including one tentative approval) approved out of Unit IV formulation facility in Hyderabad, India for manufacturing general injectable products. The company now has a total of 220 ANDA approvals (192 Final approvals including 10 from Aurolife Pharma LLC and 28 tentative approvals) from USFDA.

Aurobindo Pharma Share Price

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