Alembic Pharmaceuticals is currently trading at Rs. 550.20, up by 1.45 points or 0.26% from its previous closing of Rs. 548.75 on the BSE.
The scrip opened at Rs. 554.45 and has touched a high and low of Rs. 554.70 and Rs. 547.50 respectively. So far 1545 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. 556.95 and Rs. 528.00 respectively. The current market cap of the company is Rs. 10366.49 crore.
The promoters holding in the company stood at 72.68%, while Institutions and Non-Institutions held 13.74% and 13.58% respectively.
Drug firm Alembic Pharmaceuticals is looking at filing 100 abbreviated new drug applications (ANDAs) with the US health regulator United States Food and Drug Administration (USFDA) over the next three years starting this fiscal as part of its expansion plans. The company is also aiming to launch up to 12 products per year in America during this time.
Aligned with the R&D efforts, the company is creating the requisite manufacturing infrastructure for ensuring timely supplies upon receiving regulatory approvals. Around 90 per cent of the company's R&D resources are allocated towards developing products for the US markets which, in turn, can be leveraged for strengthening presence in other regulated markets.
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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