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Alembic Pharma soars on getting USFDA’s nod for Azithromycin Tablets

29 Jan 2020 Evaluate

Alembic Pharmaceuticals is currently trading at Rs. 634.30, up by 2.60 points or 0.41% from its previous closing of Rs. 631.70 on the BSE.

The scrip opened at Rs. 638.00 and has touched a high and low of Rs. 641.60 and Rs. 633.00 respectively. So far 7540 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 641.60 on 29-Jan-2020 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. 641.60 and Rs. 583.00 respectively. The current market cap of the company is Rs. 11964.16 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 has received final approvals from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Applications (ANDAs) Azithromycin Tablets USP, 250 mg and 500 mg. The approved ANDAs are therapeutically equivalent to the reference listed drug products (RLDs), Zithromax Tablets, 250 mg and 500 mg, of Pfizer, Inc. (Pfizer).

Azithromycin Tablet is a macrolide antibacterial drug indicated for mild to moderate infections caused by designated, susceptible bacteria in acute bacterial exacerbations of chronic bronchitis in adults; acute bacterial sinusitis in adults; uncomplicated skin and skin structure infections in adults; urethritis and cervicitis in adults; genital ulcer disease in men; acute otitis media in pediatric patients; community-acquired pneumonia in adults and pediatric patients; and pharyngitis/tonsillitis in adults and pediatric patients.

Azithromycin Tablets USP, 250 mg and 500 mg have an estimated market size of $129 million for twelve months ending September 2019 according to IQVIA. Alembic has a cumulative total of 117 ANDA approvals (105 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.

Alembic Pharma Share Price

785.40 8.05 (1.04%)
08-May-2026 16:59 View Price Chart
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