Ranbaxy Laboratories is currently trading at Rs. 434.70, up by 1.90 points or 0.44% from its previous closing of Rs. 432.80 on the BSE.
The scrip opened at Rs. 436.80 and has touched a high and low of Rs. 438.80 and Rs. 433.00 respectively. So far 19228 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 578.30 on 04-Sep-2012 and a 52 week low of Rs. 370.50 on 01-Mar-2013.
Last one week high and low of the scrip stood at Rs. 441.95 and Rs. 407.50 respectively. The current market cap of the company is Rs. 18409.26 crore.
The promoters holding in the company stood at 63.54% while Institutions and Non-Institutions held 21.04% and 13.31% respectively.
Ranbaxy Pharmaceuticals, a wholly owned subsidiary of Ranbaxy Laboratories (RLL), has entered into an in-licensing agreement with Alembic Pharmaceuticals to exclusively market Desvenlafaxine Base Extended Release Tablets in the US healthcare system. Alembic Pharmaceuticals is the sponsor and manufacturer of the New Drug Application (NDA) Desvenlafaxine Base Extended Release Tablets. The product is a bioequivalent version of innovator drug - Pristiq by Pfizer Inc.
Desvenlafaxine Base Extended Release Tablets is indicated for the treatment of major depressive disorder. The product will be available in 50 mg and 100 mg dosage strengths. Alembic has received the final approval from the US Food and Drug Administration (USFDA) and Ranbaxy expects the product to be available in the US marketplace during the first quarter of 2013.
Ranbaxy Laboratories is India's largest pharmaceutical company. The company has global presence in 49 countries and is ranked amongst top ten global generics companies. Ranbaxy has world-class manufacturing facilities in 11 countries namely Brazil, China, Ireland, India, Japan, Malaysia, Nigeria, Romania, South Africa, USA and Vietnam.
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