Alembic Pharmaceuticals surges after its joint venture gets USFDA’s nod for Testosterone Topical Solution

Alembic Pharmaceuticals Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 533573 | NSE: APLLTD

16 Jun 2021 Evaluate

Alembic Pharmaceuticals is currently trading at Rs. 1011.45, up by 13.85 points or 1.39% from its previous closing of Rs. 997.60 on the BSE.

The scrip opened at Rs. 1003.00 and has touched a high and low of Rs. 1019.00 and Rs. 991.00 respectively. So far 16871 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1150.00 on 18-Dec-2020 and a 52 week low of Rs. 863.55 on 19-Mar-2021.

Last one week high and low of the scrip stood at Rs. 1025.00 and Rs. 959.45 respectively. The current market cap of the company is Rs. 19961.97 crore.

The promoters holding in the company stood at 69.48%, while Institutions and Non-Institutions held 17.53% and 12.99% respectively.

Alembic Pharmaceuticals’ (Alembic) joint venture -- Aleor Dermaceuticals (Aleor) has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Testosterone Topical Solution USP, 30 mg per pump actuation. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Axiron Topical Solution, 30 mg per pump actuation, of Eli Lilly and Company (Lilly). Testosterone Topical Solution USP, 30 mg per pump actuation is indicated for replacement therapy in males for conditions associated with a deficiency or absence of endogenous testosterone: Primary hypogonadism (congenital or acquired) and Hypogonadotropic hypoqonadisrn (congenital or acquired).

Testosterone Topical Solution USP, 30 mg per pump actuation has an estimated market size of $21 million for twelve months ending March 2021. Alembic has a cumulative total of 145 ANDA approvals (127 final approvals and 18 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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