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Shilpa Medicare surges on getting tentative ANDA approval for Dimethyl Fumarate DR Capsules

16 Nov 2018 Evaluate

Shilpa Medicare is currently trading at Rs. 388.65, up by 14.65 points or 3.92% from its previous closing of Rs. 374.00 on the BSE.

The scrip opened at Rs. 383.95 and has touched a high and low of Rs. 399.75 and Rs. 382.40 respectively. So far 568 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 685.00 on 24-Nov-2017 and a 52 week low of Rs. 357.95 on 23-Jul-2018.

Last one week high and low of the scrip stood at Rs. 400.00 and Rs. 365.05 respectively. The current market cap of the company is Rs. 3195.85 crore.

The promoters holding in the company stood at 53.80%, while Institutions and Non-Institutions held 32.16% and 14.04% respectively.

Shilpa Medicare has received tentative approval for its ANDA for Dimethyl Fumarate Delayed Release Capsules 120 mg & 240 mg. from USFDA. Dimethyl Fumarate Delayed Release Capsules 120 mg & 240 mg is a generic of TECFIDERA, used in the treatment of patients with relapsing forms of multiple sclerosis.

This ANDA is a first to file submission made on NCE-1 dated March 27, 2017. USFDA review process was completed and got approval within a period of 19.5 months from the date of submission.

According to IQVIA MAT Q2 2018 data, the US market for Dimethyl Fumarate DR Capsules is around $3.46 billion.

Shilpa Medicare produces and exports consistently high-quality Active Pharmaceutical Ingredients Fine Chemicals, intermediates, herbal products and speciality chemical products using sophisticated technology, meticulously following international specifications.

Shilpa Medicare Share Price

411.55 0.30 (0.07%)
17-Apr-2026 16:59 View Price Chart
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