Cipla trades jubilantly on receiving nod from UK MHRA for Sereflo

23 Dec 2016 Evaluate

Cipla is currently trading at Rs 583.00, up by 22.80 points or 4.07% from its previous closing of Rs 560.20 on the BSE.

The scrip opened at Rs 563.00 and has touched a high and low of Rs 583.00 and Rs 552.55 respectively. So far 143206 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs 660.00 on 29-Dec-2015 and a 52 week low of Rs 458.25 on 25-May-2016.

Last one week high and low of the scrip stood at Rs 583.00 and Rs 552.55 respectively. The current market cap of the company is Rs 44643.89 crore.

The promoters holding in the company stood at 36.74 %, while Institutions and Non-Institutions held 35.31% and 26.64% respectively.

Cipla, a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients, has yielded a final approval for its lead MDI product Fluticasone + Salmeterol (Sereflo) from UK MHRA for its partner in the UK.

Sereflo, 25 mcg/125 mcg & 25 mcg/250 mcg are generic equivalent to GlaxoSmithKline’s Seretide Inhalers and are indicated for Asthma treatment. Seretide Inhaler, for the aforementioned strengths, had UK sales of approximately $278M for the 12 month period ending June 2016, as per IMS Health. Cipla’s Sereflo will be launched in the UK through a partner in the coming weeks.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients. For 80 years, Cipla has emerged as one of the most respected pharmaceutical names in India as well as across more than 100 countries.

Cipla Share Price

1565.50 22.05 (1.43%)
14-Jun-2024 16:01 View Price Chart
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