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Aurobindo Pharma gains on receiving USFDA approval for Linezolid Injection

08 Aug 2016 Evaluate

Aurobindo Pharma is currently trading at Rs. 772.50, up by 2.40 points or 0.31% from its previous closing of Rs. 770.10 on the BSE.

The scrip opened at Rs. 772.00 and has touched a high and low of Rs. 781.90 and Rs. 768.00 respectively. So far 76,000 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. 807.00 and Rs. 741.00 respectively. The current market cap of the company is Rs. 45,160.46 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 Linezolid Injection, 600 mg/300 mL (2 mg/mL). The product is expected to be launched by Q2 FY2016-17. The approved Abbreviated New Drug Application (ANDA) is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Zyvox Injection, 600 mg/300 mL (2 mg/mL), of Pharmacia & Upjohn Company (Pharmacia).

Linezolid Injection is an anti-infective used to treat infections caused by susceptible Gram-positive bacteria in some specific conditions. The approved product has an estimated market size of $ 87 million for the twelve months ending June 2016 according to IMS.

This is the 36th ANDA (including 2 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 275 ANDA approvals (235 Final approvals including 13 from Aurolife Pharma LLC and 40 tentative approvals) from USFDA.


Aurobindo Pharma Share Price

1475.00 -13.50 (-0.91%)
11-May-2026 15:51 View Price Chart
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