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Unichem rises on receiving ANDA approval from USFDA for Quetiapine Fumarate Tablets

Unichem Laboratories Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 506690 | NSE: UNICHEMLAB

10 Mar 2016 Evaluate

Unichem Laboratories is currently trading at Rs. 237.20, up by 6.20 points or 2.68% from its previous closing of Rs. 231.00 on the BSE.

The scrip opened at Rs. 229.00 and has touched a high and low of Rs. 241.40 and Rs. 229.00 respectively. So far 8881 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 334.00 on 06-Oct-2015 and a 52 week low of Rs. 174.00 on 08-Jun-2015.

Last one week high and low of the scrip stood at Rs. 241.40 and Rs. 214.70 respectively. The current market cap of the company is Rs. 2139.76 crore.

The promoters holding in the company stood at 50.11% while Institutions and Non-Institutions held 18.57% and 31.32% respectively.

Unichem Laboratories has received ANDA approval from the United States Food and Drug Administration (USFDA) for Quetiapine Fumarate Tablets. Quetiapine Fumarate Tablets 25mg, 50mg, 100mg, 200mg, 300mg and 400mg are therapeutically equivalent to Seroquel Tablets, 25mg, 50mg, 100mg, 200mg, 300mg and 400mg of AstraZeneca Pharmaceuticals LP.

Quetiapine Fumarate is an atypical antipsychotic indicated for the treatment of Schizophrenia. Quetiapine Fumarate is also indicated for the acute treatment of manic episodes associated with bipolar I disorder, both as monotherapy and as an adjunct to lithium or divalproex and for maintenance treatment as an adjunct to lithium or divalproex. It is also indicated as a monotherapy for the acute treatment of depressive episodes associated with bipolar disorder.

The product will be commercialized from the company’s Ghaziabad plant. Active Pharmaceutical Ingredient will also be made in house at Pithampur API Plant. The company has now has total of 21 ANDA approvals from USFDA.

Unichem Laboratories is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India and several other markets across the world.

Unichem Lab Share Price

350.85 4.85 (1.40%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1675.20
Dr. Reddys Lab	1235.40
Cipla	1238.30
Zydus Lifesciences	942.55
Lupin	2324.25
View more..

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Unichem rises on receiving ANDA approval from USFDA for Quetiapine Fumarate Tablets

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