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Alkem Laboratories gains on inking an out-licensing deal with Stempeutics Research

09 Feb 2018 Evaluate

Alkem Laboratories is currently trading at Rs. 2187.20, up by 10.40 points or 0.48% from its previous closing of Rs. 2176.80 on the BSE.

The scrip opened at Rs. 2141.05 and has touched a high and low of Rs. 2191.50 and Rs. 2131.05 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2468.00 on 10-Jan-2018 and a 52 week low of Rs. 1578.00 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 2200.00 and Rs. 1956.05 respectively. The current market cap of the company is Rs. 26,151.00 crore.

The promoters holding in the company stood at 65.86%, while Institutions and Non-Institutions held 6.59% and 27.55% respectively.

Alkem Laboratories has inked an out-licensing deal with Stempeutics Research, a group company of Manipal Education and Medical Group (MEMG), for Stempeucel product for osteoarthritis indication. The out licensing deal comprises of upfront payment, royalties and various regulatory & sales based milestones payments.

Under this agreement, Alkem will get the exclusive marketing rights for Stempeucel in India for Osteoarthritis with Stempeutics manufacturing & supplying the product to Alkem. The product is expected to be available in Indian market by 2020 after undergoing the phase 3 Clinical trial in India, which is expected to commence in 2018.

Alkem Laboratories is a leading Indian pharmaceutical company with global operations, engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products. The company produces branded generics, generic drugs, active pharmaceutical Ingredients (APIs) and nutraceuticals, which it markets in India and International markets.


Alkem Laboratories Share Price

5583.70 16.00 (0.29%)
17-Apr-2026 16:59 View Price Chart
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