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Cipla rises with arm securing rights to market cancer drug in US

13 Aug 2018 Evaluate

Cipla is currently trading at Rs. 626.75, up by 5.85 points or 0.94% from its previous closing of Rs. 620.90 on the BSE.

The scrip opened at Rs. 621.00 and has touched a high and low of Rs. 630.90 and Rs. 620.65 respectively. So far 65721 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 663.00 on 07-Nov-2017 and a 52 week low of Rs. 508.10 on 22-May-2018.

Last one week high and low of the scrip stood at Rs. 661.90 and Rs. 614.25 respectively. The current market cap of the company is Rs. 50648.14 crore.

The promoters holding in the company stood at 36.77%, while Institutions and Non-Institutions held 38.66% and 24.57% respectively.

Cipla USA, Inc, a subsidiary of Cipla, has secured rights from Hyderabad-based MSN Laboratories to market and distribute colon cancer treatment drug Capecitabine in the US market. The company will be marketing the drug in strengths of 150 and 500 mg tablets. Its product is generic equivalent of Genentech's Xeloda.

Capecitabine tablets are indicated in patients with Dukes C colon cancer and for the treatment of patients with metastatic breast cancer after failure of prior anthracycline-containing chemotherapy. As per IQVIA (IMS Health), Xeloda and its generic equivalents had sales of around $178 million in the US for 12-month period ending June 2018.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients. The company’s portfolio includes over 1500 products across wide range of therapeutic categories with one quality standard globally.

Cipla Share Price

1438.75 -2.95 (-0.20%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma. Inds. 1935.25
Dr. Reddys Labs. 1245.50
Cipla 1438.75
Zydus Lifesciences 1150.50
Lupin 2496.05
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