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Indoco Remedies shines on receiving approval for Rasagiline tablets

07 Oct 2019 Evaluate

Indoco Remedies is currently trading at Rs. 145.00, up by 4.60 points or 3.28% from its previous closing of Rs. 140.40 on the BSE.

The scrip opened at Rs. 141.00 and has touched a high and low of Rs. 147.95 and Rs. 137.50 respectively. So far 1697 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 238.00 on 26-Nov-2018 and a 52 week low of Rs. 133.80 on 29-Aug-2019.

Last one week high and low of the scrip stood at Rs. 153.10 and Rs. 137.50 respectively. The current market cap of the company is Rs. 1319.13 crore.

The promoters holding in the company stood at 58.68%, while Institutions and Non-Institutions held 17.29% and 24.04% respectively.

Indoco Remedies has received final approval for its Abbreviated New Drug Application (ANDA) for Rasagiline 0.5 mg and 1 mg tablets from the United States Food & Drug Administration (USFDA). Rasagiline is used for treatment of Parkinson's disease. The market size of this product in the US as per IMS 2018 data is $105 million.

This is the first ANDA approval for the company after receipt of warning letter in March 2017 for Goa plant II and III. The Company has 32 ANDAs pending for approval for different dosage forms from this site.

Indoco Remedies is engaged in the manufacturing and marketing of formulations (finished dosage forms) and active pharmaceutical ingredients (APIs) in India.

Indoco Remedies Share Price

228.20 -23.05 (-9.17%)
08-May-2026 16:59 View Price Chart
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