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Natco Pharma gains on receiving USFDA approval for generic Fosrenol Chewable Tablets

16 Aug 2017 Evaluate

Natco Pharma is currently trading at Rs. 765.00, up by 25.70 points or 3.48% from its previous closing of Rs. 739.30 on the BSE.

The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 777.00 and Rs. 745.00 respectively. So far 96,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1080.00 on 09-Jun-2017 and a 52 week low of Rs. 495.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 913.75 and Rs. 671.25 respectively. The current market cap of the company is Rs. 13,334.00 crore.

The promoters holding in the company stood at 51.16%, while Institutions and Non-Institutions held 27.06% and 21.78% respectively.

Natco Pharma has received the final approval of Abbreviated New Drug Application (ANDA) from the U.S. Food and Drug Administration (USFDA) for Lanthanum Carbonate Chewable Tablets 500 mg (base), 750 mg (base), and 1000 mg (base). The product, as the first generic, will be launched shortly in the USA market.

Natco’s Lanthanum Carbonate strengths mentioned above are generic equivalents of Shire Development LLC’s Fosrenol Chewable Tablets and are indicated to reduce serum phosphate in patients with End Stage Renal Disease (ESRD). Fosrenol Chewable Tablets has US sales of $122.4 million as per IMS MAT June 2017. Lupin and Natco had entered into an agreement on September 01, 2008 to jointly commercialize generic equivalents of Fosrenol Chewable Tablets.

Natco Pharma was promoted as a private company to be in the business of research, developing, manufacturing and marketing of pharmaceutical substances and finished dosage forms for Indian and International markets.


Natco Pharma Share Price

1118.95 31.25 (2.87%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
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