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Aurobindo Pharma soars on receiving USFDA nod for Vecuronium Bromide Injection

Aurobindo Pharma Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 524804 | NSE: AUROPHARMA

24 Dec 2018 Evaluate

Aurobindo Pharma is currently trading at Rs. 726.65, up by 6.10 points or 0.85% from its previous closing of Rs. 720.55 on the BSE.

The scrip opened at Rs. 722.00 and has touched a high and low of Rs. 738.90 and Rs. 722.00 respectively. So far 79289 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 830.00 on 04-Dec-2018 and a 52 week low of Rs. 527.05 on 04-Jun-2018.

Last one week high and low of the scrip stood at Rs. 750.80 and Rs. 715.50 respectively. The current market cap of the company is Rs. 42859.14 crore.

The promoters holding in the company stood at 51.87%, while Institutions and Non-Institutions held 34.15% and 13.98% respectively.

Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Vecuronium Bromide Injection, 10mg and 20mg. Aurobindo’s Vecuronium Bromide Injection is a generic equivalent of Organon’s Norcuron Injection. The product will be launched in Q4FY19.

Vecuronium Bromide Injection is used as part of general anesthesia to provide skeletal muscle relaxation during surgery or mechanical ventilation. It is also used to facilitate endotracheal intubation. The approved product has an estimated market size of $11 million for the twelve months ending September 2018 according to IQVIA.

This is the 58th ANDA to be approved out of Unit IV formulation facility in Hyderabad, India used for manufacturing general injectable & ophthalmic products. The company now has a total of 397 ANDA approvals (369 Final approvals including 20 from Aurolife Pharma LLC and 28 tentative approvals) from USFDA.

Aurobindo Pharma is engaged in manufacturing pharmaceutical products. It offers active pharmaceutical ingredients, intermediates and generic formulations like astemizole, domeperidone and omeprazole; anti-infective, oral and sterile antibiotics, pain management and osteoporosis segments.

Aurobindo Pharma Share Price

1385.65 -0.45 (-0.03%)

17-Apr-2026 16:59 View Price Chart

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Aurobindo Pharma soars on receiving USFDA nod for Vecuronium Bromide Injection

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