Shilpa Medicare shines on receiving approval from USFDA for Irinotecan HCL Injection

01 Jan 2019

Shilpa Medicare is currently trading at Rs. 398.40, up by 14.35 points or 3.74% from its previous closing of Rs. 384.05 on the BSE.

The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 401.30 and Rs. 396.25 respectively. So far 860 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 637.00 on 12-Jan-2018 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. 401.30 and Rs. 371.00 respectively. The current market cap of the company is Rs. 3131.04 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 US Food and Drug Administration (USFDA) approval for its ANDA Irinotecan HCL Injection USP, 40 mg/2mL and 100 mg/5mL (20mg/mL) Single Dose Vials. Irinotecan injection is used in the treatment of patients with metastatic carcinoma of the colon or rectum.

According to IQVIA MAT Q2 2018 data, the US market for Irinotecan HCL approximately $18 million

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.

Related Shilpa Medicare Ltd. Links:

Shilpa Medicare Share Price

373.40 -2.50 (-0.67%) Mar 08, 18:37
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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