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Caplin Point Laboratories zooms after its arm gets USFDA nod for Milrinone Lactate Injection

19 Apr 2021 Evaluate

Caplin Point Laboratories is currently trading at Rs. 488.45, up by 22.25 points or 4.77% from its previous closing of Rs. 466.20 on the BSE.

The scrip opened at Rs. 465.95 and has touched a high and low of Rs. 496.00 and Rs. 441.00 respectively. So far 44789 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 686.00 on 07-Aug-2020 and a 52 week low of Rs. 300.10 on 22-Apr-2020.

Last one week high and low of the scrip stood at Rs. 496.00 and Rs. 441.00 respectively. The current market cap of the company is Rs. 3469.73 crore.

The promoters holding in the company stood at 69.03%, while Institutions and Non-Institutions held 2.74% and 28.23% respectively.

Caplin Steriles (Caplin), a subsidiary company of Caplin Point Laboratories, has been granted final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Milrinone Lactate Injection USP, 10 mg/10 mL (1 mg/mL), 20 mg/20 mL (1 mg/mL), 50 mg/50 mL (1 mg/mL), Single-dose vial presentation, a generic therapeutic equivalent version of (RLD), PRIMACOR Injection, 1 mg/mL, of Sanofi-Aventis U.S. LLC.

Milrinone lactate injection is indicated for the short-term intravenous treatment of patients with acute decompensated heart failure. According to IQVIA (IMS Health), Milrinone Lactate Injection had US sales data of approximately $24 million for the 12-month period ending Dec 2020, for both the Vial and Bag presentations, the latter of which is under development at Caplin Steriles.

Caplin Point Laboratories is engaged mainly in manufacturing a wide range of Ointments, Creams and other External application preparations in addition to the regular segments of pharmaceutical formulations.

Caplin Point Lab Share Price

1859.95 2.60 (0.14%)
11-May-2026 13:08 View Price Chart
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