Alembic Pharmaceuticals is currently trading at Rs. 559.15, up by 6.75 points or 1.22% from its previous closing of Rs. 552.40 on the BSE.
The scrip opened at Rs. 553.50 and has touched a high and low of Rs. 560.80 and Rs. 553.50 respectively. So far 1483 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 793.75 on 19-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. 564.00 and Rs. 550.70 respectively. The current market cap of the company is Rs. 10990.83 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 tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA), Acalabrutinib Capsules, 100 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Calquence Capsules, 100 mg, of AstraZeneca UK Limited (AstraZeneca). Acalabrutinib Capsules are indicated for the treatment of adult patients with mantle cell lymphoma (MCL) who have received at least one prior therapy and treatment of adult patients with chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL).
Acalabrutinib Capsules, 100 mg, have an estimated market size of $1.5billion for twelve months ending Sep 2022 according to IQVIA. Alembic has a cumulative total of 180 ANDA approvals (157 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.
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