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Alembic Pharmaceuticals surges on getting USFDA’s final approval for Diclofenac Sodium Topical Solution

01 Dec 2022 Evaluate

Alembic Pharmaceuticals is currently trading at Rs. 597.95, up by 2.95 points or 0.50% from its previous closing of Rs. 595.00 on the BSE.

The scrip opened at Rs. 593.00 and has touched a high and low of Rs. 606.50 and Rs. 593.00 respectively. So far 2940 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 847.95 on 04-Jan-2022 and a 52 week low of Rs. 541.10 on 20-Oct-2022.

Last one week high and low of the scrip stood at Rs. 607.00 and Rs. 591.30 respectively. The current market cap of the company is Rs. 11756.44 crore.

The promoters holding in the company stood at 69.61%, while Institutions and Non-Institutions held 17.87% and 12.52% respectively.

Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA), Diclofenac Sodium Topical Solution USP, 2% w/w. The ANDA was filed by Aleor Dermaceuticals Limited (Aleor) which was amalgamated with Alembic. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Pennsaid Topical Solution, 2% w/w, of Horizon Therapeutics Ireland DAC (Horizon). Diclofenac Sodium Topical Solution is indicated for the treatment of the pain of osteoarthritis of the knee(s).

Aleor had previously received tentative approval for this ANDA. Diclofenac Sodium Topical Solution USP, 2% w/w has an estimated market size of $512 million for twelve months ending Sep 2022 according to IQVIA. Alembic has received a cumulative total of 177 ANDA approvals (154 final approvals and 23 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

784.95 36.05 (4.81%)
17-Apr-2026 16:59 View Price Chart
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