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Cipla gains with arm receiving final approval for generic Renvela Tablets

27 Oct 2017 Evaluate

Cipla is currently trading at Rs. 621.00, up by 8.60 points or 1.40% from its previous closing of Rs. 612.40 on the BSE.

The scrip opened at Rs. 624.00 and has touched a high and low of Rs. 628.00 and Rs. 618.60 respectively. So far 1,16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 633.95 on 17-Oct-2017 and a 52 week low of Rs. 479.00 on 26-May-2017.

Last one week high and low of the scrip stood at Rs. 628.00 and Rs. 590.00 respectively. The current market cap of the company is Rs. 49,967.00 crore.

The promoters holding in the company stood at 37.26%, while Institutions and Non-Institutions held 37.49% and 25.25% respectively.

Cipla’s subsidiary, InvaGen Pharmaceuticals Inc., has received final approval for its Abbreviated New Drug Application (ANDA) for Sevelamer Carbonate Tablets, 800 mg, from the United States Food and Drug Administration (USFDA) to market a generic version of Genzyme’s Renvela Tablets, 800 mg. Renvela Tablets had US sales of approximately $1.85 billion for the 12-month period ending August 2017, according to IMS Health.

Sevelamer Carbonate Tablets, 800 mg is a AB-rated generic equivalent to the reference listed drug (RLD), Renvela Tablets, 800 mg of Genzyme Corporation and are indicated for the control of serum phosphorus in adults with chronic kidney disease (CKD) on dialysis.

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

1289.40 -16.45 (-1.26%)
24-Apr-2026 12:40 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1619.70
Dr. Reddys Lab 1331.25
Cipla 1289.40
Zydus Lifesciences 930.55
Lupin 2270.00
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