Alembic Pharmaceuticals is currently trading at Rs. 620.60, up by 9.45 points or 1.55% from its previous closing of Rs. 611.15 on the BSE.
The scrip opened at Rs. 612.75 and has touched a high and low of Rs. 624.80 and Rs. 612.00 respectively. So far 20408 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 709.30 on 23-Mar-2017 and a 52 week low of Rs. 517.90 on 24-Jun-2016.
Last one week high and low of the scrip stood at Rs. 629.00 and Rs. 601.65 respectively. The current market cap of the company is Rs. 11676.68 crore.
The promoters holding in the company stood at 72.68%, while Institutions and Non-Institutions held 13.74% and 13.58% respectively.
Alembic Pharmaceuticals has received final approvals from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Applications (ANDAs) for Olmesartan Medoxomil Tablets, 5 mg, 20mg and 40mg and Olmesartan Medoxomil with Hydrochlorothiazide Tablets 20/12.5mg, 40/12.5mg and 40/25mg.
The approved ANDAs are therapeutically equivalent to the reference listed drug products (RLDs) Benicar Tablets 5mg, 20mg and 40mg and Benicar HCT Tablets, 20/12.5mg, 40/12.5mg and 40/25mg, of Daiichi Sankyo Inc. The approved ANDAs are indicated for the treatment of hypertension.
According to IMS, Benicar and Benicar HCT have an estimated market size of $1.8 billion for twelve months ending December 2016. Alembic now has a total of 55 ANDA approvals (49 final approvals and 6 tentative approvals) from the USFDA.
Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907. The company manufactures and markets generic pharmaceuticals products all over the world.
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