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Alembic Pharma shines on getting USFDA’s tentative approval for Empagliflozin Tablets

15 Jan 2020 Evaluate

Alembic Pharmaceuticals is currently trading at Rs. 569.50, up by 7.50 points or 1.33% from its previous closing of Rs. 562.00 on the BSE.

The scrip opened at Rs. 565.00 and has touched a high and low of Rs. 576.75 and Rs. 564.50 respectively. So far 2234 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. 576.75 and Rs. 553.00 respectively. The current market cap of the company is Rs. 10795.36 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 tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Empagliflozin Tablets, 10 mg and 25 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Jardiance Tablets, 10 mg and 25 mg, of Boehringer Ingelheim Pharmaceuticals, Inc. (Boehringer). Emapgliflozin Tablets are indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes mellitus.

Emapgliflozin Tablets have an estimated market size of $3.4 billion for twelve months ending September 2019 according to IQVIA.

The company has a cumulative total of 112 ANDA approvals (99 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

754.50 -6.95 (-0.91%)
30-Apr-2026 16:59 View Price Chart
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