Alembic Pharmaceuticals jumps on settling patent litigation with Novartis

Alembic Pharmaceuticals Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 533573 | NSE: APLLTD

15 Jun 2012 Evaluate

Alembic Pharmaceuticals is currently trading at Rs. 54.40, up by 3.15 points or 6.13% from its previous closing of Rs. 51.35 on the BSE.

The scrip opened at Rs. 51.25 and has touched a high and low of Rs. 55.25 and Rs. 51.20 respectively. So far 1, 74,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 59.95 on 17-Apr-2012 and a 52 week low of Rs. 34.00 on 06-Jan-2012.

Last one week high and low of the scrip stood at Rs. 55.25 and Rs. 49.50 respectively. The current market cap of the company is Rs. 1,027 crore.

The promoters holding in the company stood at 74.13% while Institutions and Non-Institutions held 7.86% and 18.00% respectively.

Alembic Pharmaceuticals and Breckenridge Pharmaceutical Inc, USA have settled their Paragraph IV patent litigation with Novartis concerning Rivastigmine Tartrate Capsules, a generic version of Exelon by Novartis, and that the US Food and Drug Administration (USFDA) approved their abbreviated new drug application (ANDA). With this, the companies will launch product immediately.

Alembic Pharmaceuticals is the sponsor and manufacturer of the ANDA, which will be marketed exclusively by Breckenridge. Under the terms of the settlement agreement, Novartis has granted Breckenridge and Alembic a license to market a generic version of Exelon before the expiration of US Patent No. 5,602,176, on February 11, 2014.

Rivastigmine Tartrate Capsules is a prescription medicine that is indicated for the treatment of mild to moderate dementia of the Alzheimer’s type, and for the treatment of mild to moderate dementia associated with Parkinson’s disease.

Alembic Pharmaceuticals (APL) was incorporated in June 2010 after the demerger of core pharmaceutical business of erstwhile Alembic, one of the oldest pharmaceutical companies in India. APL is an integrated company having presence across the pharmaceutical value chain.

Alembic Pharma Share Price

754.50 -6.95 (-0.91%)

30-Apr-2026 16:59 View Price Chart

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