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Aurobindo Pharma surges on receiving USFDA approval for Eptifibatide Injection

10 Dec 2015 Evaluate

Aurobindo Pharma is currently trading at Rs. 794.10, up by 7.45 points or 0.95% from its previous closing of Rs. 786.65 on the BSE.

The scrip opened at Rs. 799.00 and has touched a high and low of Rs. 806.65 and Rs. 788.00 respectively. So far 16189 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. 840.00 and Rs. 781.20 respectively. The current market cap of the company is Rs. 45937.57 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 Eptifibatide Injection USP, 20 mg/10 mL, 75 mg/100 mL, and 200 mg/100 mL single-use vials. This product is expected to be launched in this month. The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Integrilin Injection, 20 mg/10 mL, 75 mg/100 mL, and 200 mg/100 mL of Schering Corporation.

Eptifibatide Injection is used in the treatment of acute coronary syndrome. The approved product has an estimated market size of $137 million for the twelve months ending October 2015 according to IMS.

The pharma major now has 18 ANDAs (including one tentative approval) approved out of Unit IV formulation facility in Hyderabad, India for manufacturing general injectable products. Aurobindo now has a total of 222 ANDA approvals (194 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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