Alembic Pharmaceuticals is currently trading at Rs. 566.50, up by 8.15 points or 1.46% from its previous closing of Rs. 558.35 on the BSE.
The scrip opened at Rs. 565.00 and has touched a high and low of Rs. 570.00 and Rs. 559.05 respectively. So far 1570 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 612.75 on 18-Jan-2019 and a 52 week low of Rs. 435.10 on 21-Jun-2019.
Last one week high and low of the scrip stood at Rs. 570.00 and Rs. 549.45 respectively. The current market cap of the company is Rs. 10599.31 crore.
The promoters holding in the company stood at 72.97%, while Institutions and Non-Institutions held 15.96% and 11.07% respectively.
Alembic Pharmaceuticals (Alembic) has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Vilazodone Hydrochloride Tablets, 10 mg, 20 mg, and 40 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Viibryd Tablets, 10 mg, 20 mg, and 40 mg, of Allergan Sales, LLC (Allergan). Vilazodone Hydrochloride Tablets are indicated for the treatment of major depressive disorder.
Vilazodone Hydrochloride Tablets, 10 mg, 20 mg, and 40 mg have an estimated market size of $469 million for twelve months ending September 2019 according to IQVIA.Alembic had previously received tentative approval for this ANDA. Alembic was one of the first ANDA applicants to submit a substantially complete ANDA with a paragraph IV certification and hence is eligible for 180 days of shared exclusivity. The launch of this product will be as per settlement agreement with Allergan.
Alembic has a cumulative total of 110 ANDA approvals (98 final approvals and 12 tentative approvals) from USFDA.
Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907.
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