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Alembic Pharmaceuticals jumps on getting USFDA’s final approval for Doxycycline Hyclate Tablets

15 May 2020 Evaluate

Alembic Pharmaceuticals is currently trading at Rs. 874.55, up by 28.90 points or 3.42% from its previous closing of Rs. 845.65 on the BSE.

The scrip opened at Rs. 857.35 and has touched a high and low of Rs. 896.00 and Rs. 851.30 respectively. So far 20608 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 896.00 on 15-May-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. 896.00 and Rs. 774.40 respectively. The current market cap of the company is Rs. 16457.44 crore.

The promoters holding in the company stood at 72.97%, while Institutions and Non-Institutions held 15.15% and 11.88% respectively.

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Doxycycline Hyclate Tablets USP 100mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Vibra-Tabs, 100mg of Pfizer, Inc.

Doxycycline Hyclate Tablets USP 100mg should be used only to treat or prevent infections that are proven or strongly suspected to be caused by susceptible bacteria. In acute intestinal amebiasis, doxycycline may be a useful adjunct to amebicides. In severe acne, doxycycline may be useful adjunctive therapy. It is also indicated for the prophylaxis of malaria due to Plasmodium falciparum in short-term travelers (<4 months) to areas with chloroquine and/or pyrimethamine-sulfadoxine resistant strains. Doxycycline Hyclate Tablets 100mg have an estimated market size of $53 million for twelve months ending December 2019 according to IQVIA.

Alembic has a cumulative total of 121 ANDA approvals (108 final approvals and 13 tentative approvals) from USFDA.

Alembic Pharma Share Price

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