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Cipla rises as its arm inks pact for anti-psychotic drug

11 Feb 2020 Evaluate

Cipla is currently trading at Rs. 445.85, up by 1.00 points or 0.22% from its previous closing of Rs. 444.85 on the BSE.

The scrip opened at Rs. 446.25 and has touched a high and low of Rs. 448.80 and Rs. 443.50 respectively. So far 14011 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 585.50 on 27-May-2019 and a 52 week low of Rs. 389.55 on 11-Oct-2019.

Last one week high and low of the scrip stood at Rs. 462.85 and Rs. 435.60 respectively. The current market cap of the company is Rs. 35966.07 crore.

The promoters holding in the company stood at 36.68%, while Institutions and Non-Institutions held 41.17% and 22.16% respectively.

Cipla's wholly-owned subsidiary -- Cipla Medpro South Africa has concluded an exclusive agreement securing originator and authorised generic brands of an atypical anti-psychotic drug, Quetiapine.

The agreement involves AstraZeneca Pharmaceuticals, the originator of the Medicine, and Luye Pharma Hong Kong, which acquired the assets and rights to the medicine in select territories. The transaction allows Cipla Medpro to market and distribute the Medicine in South Africa and neighbouring countries.

The existing portfolio consists of the originator brand Seroquel and the authorised generic brand Truvalin, medication which is used to treat mental health conditions such as schizophrenia, bipolar disorder, and major depressive disorder.

Cipla is a global pharmaceutical company focused on agile and sustainable growth, complex generics, and deepening portfolio in our home markets of India, South Africa, North America, and key regulated and emerging markets.

Cipla Share Price

1309.90 -6.75 (-0.51%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1808.20
Dr. Reddys Lab 1322.95
Cipla 1309.90
Zydus Lifesciences 891.65
Lupin 2303.70
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