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Vivimed Labs zooms as its JV plans to launch Ranitidine OTC tables in US markets

Vivimed Labs Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 532660 | NSE: VIVIMEDLAB

26 Feb 2018 Evaluate

Vivimed Labs is currently trading at Rs. 78.55, up by 1.80 points or 2.35% from its previous closing of Rs. 76.75 on the BSE.

The scrip opened at Rs. 77.05 and has touched a high and low of Rs. 80.10 and Rs. 76.55 respectively. So far 182583 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 153.30 on 21-Sep-2017 and a 52 week low of Rs. 75.00 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 83.55 and Rs. 75.60 respectively. The current market cap of the company is Rs. 649.05 crore.

The promoters holding in the company stood at 35.81%, while Institutions and Non-Institutions held 10.14% and 54.05% respectively.

Vivimed Labs’ Joint Venture (JV) has received its first product approval Ranitidine tablet USP, 150 mg (OTC) and will be launched in the US markets. As per the IRI data, the US OTC market for Ranitidine tablets, which is a generic form of the popular brand is Zantac, is around $200 million.

The product will be manufactured at JV's oral dosage manufacturing facility in Chennai. The product will be launched in the US markets immediately. Ranitidine belongs to a class of drugs known as H2 histamine blockers. It is used to treat peptic ulcers of the stomach and intestines and gastroesophageal reflux and heartburn related to indigestion.

Vivimed Labs is engaged in providing specialty chemicals and pharmaceuticals products. The company offers products for oral care, sun care, skin care, hair care, reversacol photochromic dyes, imaging chemicals and nisarg.

Vivimed Labs Share Price

7.72 -0.07 (-0.90%)

20-Apr-2026 10:25 View Price Chart

Peers

Company Name	CMP
Sun Pharma Inds.	1670.25
Dr. Reddys Lab	1235.65
Cipla	1237.60
Zydus Lifesciences	940.00
Lupin	2327.65
View more..

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Vivimed Labs zooms as its JV plans to launch Ranitidine OTC tables in US markets

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