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Alembic Pharma surges on getting USFDA’s nod for Darifenacin Extended Tablets

12 Dec 2017 Evaluate

Alembic Pharmaceuticals is currently trading at Rs. 531.00, up by 13.20 points or 2.55% from its previous closing of Rs. 517.80 on the BSE.

The scrip opened at Rs. 525.00 and has touched a high and low of Rs. 533.00 and Rs. 513.00 respectively. So far 5222 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. 469.75 on 20-Sep-2017.

Last one week high and low of the scrip stood at Rs. 534.90 and Rs. 510.00 respectively. The current market cap of the company is Rs. 9887.66 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 has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Darifenacin Extended-Release Tablets, 7.5 mg and 15 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Enablex Extended-Release Tablets, 7.5 mg and 15 mg, of Allergan Pharmaceuticals. Darifenacin Extended-Release Tablets are indicated for the treatment of overactive bladder with symptoms of urge urinary incontinence, urgency and frequency.

Darifenacin Extended-Release Tablets, 7.5 mg and 15 mg, have an estimated market size of $64 million for twelve months ending December 2016 according to IMS. The company now has a total of 70 ANDA approvals (62 final approvals and 8 tentative approvals) from USFDA.

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.

Alembic Pharma Share Price

750.00 -19.80 (-2.57%)
24-Apr-2026 15:30 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1618.50
Dr. Reddys Lab 1312.40
Cipla 1295.00
Zydus Lifesciences 930.00
Lupin 2285.05
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