Alembic Pharmaceuticals is currently trading at Rs. 525.20, up by 7.95 points or 1.54% from its previous closing of Rs. 517.25 on the BSE.
The scrip opened at Rs. 514.75 and has touched a high and low of Rs. 530.15 and Rs. 514.70 respectively. So far 2409 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 588.00 on 15-Feb-2018 and a 52 week low of Rs. 412.40 on 24-May-2018.
Last one week high and low of the scrip stood at Rs. 540.50 and Rs. 511.45 respectively. The current market cap of the company is Rs. 9829.22 crore.
The promoters holding in the company stood at 72.96%, while Institutions and Non-Institutions held 14.30% and 12.74% respectively.
Alembic Pharmaceuticals has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Iloperidone tablets, 1 mg, 2 mg, 4 mg, 6 mg, 8 mg, 10 mg and 12 mg. The tentatively approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Fanapt Tablets, 1 mg, 2 mg, 4 mg, 6 mg, 8 mg, 10 mg and 12 mg, of Vanda Pharmaceuticals, Inc. Iloperidone tablets are indicated for the treatment of schizophrenia in adults.
Iloperidone Tablets have an estimated market size of $128 million for twelve months ending December 2017 according to IQVIA.
Alembic now has a total of 74 ANDA approvals (65 final approvals and 9 tentative approvals) from USFDA.
Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907.
