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Aurobindo Pharma rises on receiving USFDA approval for Rosuvastatin Calcium Tablets

21 Jul 2016 Evaluate

Aurobindo Pharma is currently trading at Rs 805.15, up by 7.20 points or 0.90% from its previous closing of Rs 797.95 on the BSE.

The scrip opened at Rs. 807.00 and has touched a high and low of Rs. 814.00 and Rs. 801.80 respectively. So far 166841 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. 814.00 and Rs. 748.00 respectively. The current market cap of the company is Rs. 47267.07 crore.

The promoters holding in the company stood at 53.79%, while Institutions and Non-Institutions held 34.08% and 12.13% respectively.

Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Rosuvastatin Calcium Tablets, 5 mg (base), 10 mg (base), 20 mg (base) and 40 mg (base). Aurobindo was one of the first ANDA applicants to submit a substantially complete ANDA with a paragraph IV certification, therefore, Aurobindo is eligible for 180 days of generic drug shared exclusivity. The product is launched in the US market.

The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) CRESTOR (rosuvastatin calcium) Tablets 5 mg, 10 mg, 20 mg and 40 mg of IPR Pharmaceuticals Inc.

Rosuvastatin Calcium Tablets is an antihyperlipidemic to prevent cardiovascular disease. It is used to reduce elevated total-C, LDL-C, ApoB, non HDL-C, and TG levels and to increase HDL-C in patients with primary hypercholesterolemia and mixed dyslipidemia. The approved product has an estimated market size of $6.7 billion for the twelve months ending May 2016 according to IMS.

This is the 112th ANDA (including 19 tentative approvals) to be approved out of Unit III formulation facility in Hyderabad, India for manufacturing Oral Non-Antibiotic products. Aurobindo now has a total of 274 ANDA approvals (234 final approvals including 13 from Aurolife Pharma LLC and 40 tentative approvals) from USFDA.

Aurobindo Pharma Share Price

1486.75 -1.75 (-0.12%)
11-May-2026 12:29 View Price Chart
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