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SPARC shines as Abraxis Biosciences LLC withdraws complaint against its Taclantis injection

Sun Pharma Advanced Research Company Ltd. | Business Support | Miscellaneous | BSE: 532872 | NSE: SPARC

10 Dec 2019 Evaluate

Sun Pharma Advanced Research Company is currently trading at Rs. 167.75, up by 5.25 points or 3.23% from its previous closing of Rs. 162.50 on the BSE.

The scrip opened at Rs. 163.50 and has touched a high and low of Rs. 169.60 and Rs. 163.40 respectively. So far 93489 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 217.25 on 13-Dec-2018 and a 52 week low of Rs. 107.00 on 09-Jul-2019.

Last one week high and low of the scrip stood at Rs. 169.60 and Rs. 150.70 respectively. The current market cap of the company is Rs. 4395.85 crore.

The promoters holding in the company stood at 68.46%, while Institutions and Non-Institutions held 4.27% and 27.26% respectively.

Sun Pharma Advanced Research Company’s (SPARC) patent infringement complaint regarding its New Drug Application for Taclantis injection PICS (Paclitaxel Injection Concentrate for Suspension) has been withdrawn by Abraxis Bioscience LLC. The company will also inform the USFDA of the dismissal of the complaint to vacate the 30-month stay.

Earlier, Abraxis Biosciences LLC has filed a complaint against the company in the US District Court for the district of New Jersey. It alleged that the SPARC’s filing of New Drug Application (NDA) for Taclantis injection (Paclitaxel Injection Concentrate for Suspension) is an act of infringement of the Orange Book listed patents for Abraxane.

SPARC is an international pharmaceutical company engaged in research and development of drugs and delivery systems.

Sun Pharma Adv. Res Share Price

147.90 -4.25 (-2.79%)

17-Apr-2026 16:59 View Price Chart

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SPARC shines as Abraxis Biosciences LLC withdraws complaint against its Taclantis injection

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