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Natco Pharma shines on receiving USFDA tentative approval for Sorafenib Tablets

03 Jun 2016 Evaluate

Natco Pharma is currently trading at Rs. 510.00, up by 32.45 points or 6.80% from its previous closing of Rs. 477.55 on the BSE.

The scrip opened at Rs. 480.10 and has touched a high and low of Rs. 522.65 and Rs. 480.00 respectively. So far 402208 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 623.60 on 05-Jan-2016 and a 52 week low of Rs. 382.20 on 24-Aug-2015.

Last one week high and low of the scrip stood at Rs. 488.50 and Rs. 460.00 respectively. The current market cap of the company is Rs. 8882.89 crore.

The promoters holding in the company stood at 51.28% while Institutions and Non-Institutions held 25.31% and 23.40% respectively.

Natco Pharma’s marketing partner, Mylan Inc., has received a tentative approval for its Abbreviated New Drug Application (ANDA) for Sorafenib Tablets, 200mg, with the US Food and Drug Administration (USFDA). This product is the generic version of NEXAVAR, which is indicated for the treatment of certain types of cancers including unresectable hepatocellular carcinoma and advanced renal cell carcinoma.

Natco Pharma and Mylan have filed an ANDA containing a Paragraph IV certification for this product. The company manufactures this product at its facility in Kothur, Mahaboobnagar District in state of Telangana.

Bayer Healthcare LLC, Bayer Healthcare Pharmaceuticals Inc., and Onyx Pharmaceuticals Inc., sells Sorafenib Tablets, 200mg, under Brand name NEXAVAR, in the US market. For the 12 months ending December 31, 2015, NEXAVAR had US sales of approximately $300 million.

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

1174.00 19.80 (1.72%)
08-May-2026 16:59 View Price Chart
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