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Alembic Pharmaceuticals rises on acquiring Orit Laboratories LLC

01 Nov 2017 Evaluate

Alembic Pharmaceuticals is currently trading at Rs. 510.00, up by 5.90 points or 1.17% from its previous closing of Rs. 504.10 on the BSE.

The scrip opened at Rs. 506.00 and has touched a high and low of Rs. 511.50 and Rs. 506.00 respectively.

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. 469.75 on 20-Sep-2017.

Last one week high and low of the scrip stood at Rs. 517.50 and Rs. 485.00 respectively. The current market cap of the company is Rs. 9,614.00 crore.

The promoters holding in the company stood at 72.68%, while Institutions and Non-Institutions held 14.14% and 13.18% respectively.

Alembic Pharmaceuticals through its 100% owned subsidiary, Alembic Pharmaceuticals Inc., has completed acquisition of West Caldwell, New Jersey, USA based generic drug developer Orit Laboratories LLC (Orit) along with real estate, owned by Okner Realty LLC (Okner).

The acquisition increases Alembic’s US product portfolio with 7 approved ANDAs, and 4 ANDAs pending approval. The acquisition also increases Alembic’s breadth and capabilities in the US with a competent R&D team bringing complementary skill sets in soft-gelatin based oral solids and oral liquids.

Alembic Pharmaceuticals is a vertically integrated research and development pharmaceutical company, has been at the forefront of healthcare since 1907.



Alembic Pharma Share Price

766.70 3.15 (0.41%)
22-Apr-2026 11:03 View Price Chart
Peers
Company Name CMP
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