Alembic Pharma gains on getting USFDA’s nod for Desvenlafaxine Extended-Release Tablets

22 Jan 2019 Evaluate

Alembic Pharmaceuticals is currently trading at Rs. 599.00, up by 7.65 points or 1.29% from its previous closing of Rs. 591.35 on the BSE.

The scrip opened at Rs. 588.35 and has touched a high and low of Rs. 612.50 and Rs. 588.35 respectively. So far 24248 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 664.00 on 27-Sep-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. 612.75 and Rs. 582.20 respectively. The current market cap of the company is Rs. 11442.92 crore.

The promoters holding in the company stood at 72.96%, while Institutions and Non-Institutions held 15.05% and 11.99% respectively.

Alembic Pharmaceuticals has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Desvenlafaxine Extended-Release Tablets, 25 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), PRISTIQ Extended-Release Tablets, 25 mg of Wyeth Pharma. Desvenlafaxine Extended-Release Tablets, 25 mg are indicated for the treatment of major depressive disorder (MDD).

Desvenlafaxine Extended-Release Tablets, 25 mg has an estimated market size of $ 13.3 million for twelve months ending December 2017 according to IQVIA

Alembic now has a total of 77 ANDA approvals (64 final approvals and 13 tentative approvals) from USFDA.

Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907.


Alembic Pharma Share Price

979.40 -4.45 (-0.45%)
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