Aurobindo Pharma shines on receiving USFDA approval for Polymyxin B for Injection

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

07 Apr 2016 Evaluate

Aurobindo Pharma is currently trading at Rs. 762.80, up by 16.85 points or 2.26% from its previous closing of Rs. 745.95 on the BSE.

The scrip opened at Rs. 746.00 and has touched a high and low of Rs. 769.90 and Rs. 738.00 respectively. So far 85069 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 891.50 on 30-Dec-2015 and a 52 week low of Rs. 582.00 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 769.90 and Rs. 720.00 respectively. The current market cap of the company is Rs. 44660.14 crore.

The promoters holding in the company stood at 53.90% while Institutions and Non-Institutions held 35.24% and 10.86% respectively.

Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Polymyxin B for Injection USP, 500,000 units/vial. This product is expected to be launched in Q2 FY16-17. The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Polymyxin B for Injection USP, 500,000 units/vial of Eurohealth International Sarl.

Polymyxin B for Injection is an Anti-Infective used in the treatment of infections of the urinary tract, meninges, bloodstream and eye caused by susceptible strains of Pseudomonas aeruginosa. According to IMS, the approved product has an estimated market size of $7.6 million for the twelve months ending February 2016.

This is the 31st ANDA (including two tentative approvals) to be approved out of Unit IV formulation facility in Hyderabad, India used for manufacturing general injectable products. Aurobindo now has a total of 252 ANDA approvals (216 Final approvals including 10 from Aurolife Pharma LLC and 36 tentative approvals) from USFDA.

Aurobindo Pharma Share Price

1488.50 9.95 (0.67%)

08-May-2026 16:59 View Price Chart

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