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Shilpa Medicare trades in green on launching 'IBRUSHIL' for treatment of Leukemia

28 May 2020 Evaluate

Shilpa Medicare is currently trading at Rs. 375.85, up by 5.85 points or 1.58% from its previous closing of Rs. 370.00 on the BSE.

The scrip opened at Rs. 370.05 and has touched a high and low of Rs. 388.50 and Rs. 370.05 respectively. So far 1967 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 538.75 on 26-Feb-2020 and a 52 week low of Rs. 190.80 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 389.00 and Rs. 365.00 respectively. The current market cap of the company is Rs. 3087.02 crore.

The promoters holding in the company stood at 53.80%, while Institutions and Non-Institutions held 26.93% and 19.26% respectively.

Shilpa Medicare has launched the Indian branded generic of Ibrutinib, an anti-cancer drug with a brand name IBRUSHIL. IBRUSHIL is available in 140 mg capsules in packs of 30's capsules and 120's capsules. IBRUSHIL is used to treat patients suffering from Chronic Lymphocytic Leukemia (CLL), Mantle Cell Lymphomas (MCL) and other related cancers.

This new Leukemia drug is more effective and easier to use. IBRUSHIL attacks cancer cells without damaging normal cells, this causing fewer side effects. The drug is taken once daily, than the standard treatment that requires multiple injections by the patients. Current, monthly therapy cost of innovator is approximately Rs 4.36 Lacs, with the launch of IBRUSHIL monthly cost of treatment will be reduced drastically to Rs 34,920, as monthly therapy cost.

IBRUSHIL (Ibrutinib 140 mg) capsules is being manufactured in the state-of-the-art US Food and Drug Administration (US FDA) approved manufacturing facility. IBRUSHIL is the same product which was filed with US FDA thus Shilpa is bringing a quality product meeting the world class standards.

Shilpa Medicare produces and exports consistently high-quality Active Pharmaceutical Ingredients Fine Chemicals, intermediates, herbal products and speciality chemical products using sophisticated technology, meticulously following international specifications.

 

Shilpa Medicare Share Price

411.55 0.30 (0.07%)
17-Apr-2026 16:59 View Price Chart
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