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Aurobindo Pharma gains on receiving USFDA approval for Famotidine tablets

Aurobindo Pharma Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 524804 | NSE: AUROPHARMA

28 Dec 2015 Evaluate

Aurobindo Pharma is currently trading at Rs. 872.85, up by 1.60 points or 0.18% from its previous closing of Rs. 871.25 on the BSE.

The scrip opened at Rs. 877.00 and has touched a high and low of Rs. 880.70 and Rs. 868.25 respectively. So far 41613 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 882.75 on 24-Dec-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. 882.75 and Rs. 825.65 respectively. The current market cap of the company is Rs. 50729.00 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 Famotidine Tablets USP, 20 mg and 40 mg. The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Pepcid Tablets, 20 mg and 40 mg, of Valeant Pharmaceuticals International, Inc.

Famotidine Tablet is used for the short-term treatment of gastroesophageal reflux disease and active duodenal ulcer. The approved product has an estimated market size of $ 29 million for the twelve months ending October 2015 according to IMS.

This is the 54th 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 226 ANDA approvals (198 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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Aurobindo Pharma gains on receiving USFDA approval for Famotidine tablets

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