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Natco Pharma gains on receiving approval for generic version of ledipasvir+sofosbuvir tablets in India

15 Dec 2015 Evaluate

Natco Pharma is currently trading at Rs. 551.85, up by 2.60 points or 0.47% from its previous closing of Rs. 549.25 on the BSE.

The scrip opened at Rs. 549.50 and has touched a high and low of Rs. 552.70 and Rs. 543.00 respectively. So far 25279 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.00 on 26-Nov-2015 and a 52 week low of Rs. 260.38 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 554.00 and Rs. 507.60 respectively. The current market cap of the company is Rs. 9552.59 crore.

The promoters holding in the company stood at 51.29% while Institutions and Non-Institutions held 16.74% and 31.97% respectively.

Natco Pharma has received approval for the generic version of ledipasvir+sofosbuvir combination from Drugs Controller General (India). The company plans to launch this combination drug immediately, under its brand name Hepcinat LP, and through its strategic partners in India. Ledipasvir+Sofosbuvir is a two-drug fixed-dose combination product that contains 90 mg of ledipasvir and 400 mg of sofosbuvir in a single tablet, and sold globally by Gilead Sciences, Inc., under its brand HARVONI. It is indicated for the treatment of chronic hepatitis C (CHC) genotype 1 infection in adults. This single-tablet regimen is the first of its kind to offer significantly higher cure rates in Genotype-1 CHC infection compared to conventional therapies.

The company will price its generic medicine, Hepcinat LP, at an MRP of Rs 25,000 for a bottle of 28 tablets. The company was the first licensed company to launch the generic version of this combination drug earlier in Nepal. The company had signed a non-exclusive licensing agreement with Gilead Sciences earlier in 2015 to manufacture and sell generic versions of its chronic hepatitis C medicines, including generic version of HARVONI, in 100 other developing countries in addition to India.

Natco Pharma was promoted as a private company to be in the business of research, developing, manufacturing and marketing of pharmaceutical substances and finished dosage forms for Indian and International markets.

Natco Pharma Share Price

1158.00 -16.00 (-1.36%)
11-May-2026 10:15 View Price Chart
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