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Jubilant Pharmova soars as its arm receives USFDA’s approval for Technetium Sulfur Colloid Injection

13 Nov 2023 Evaluate

Jubilant Pharmova is currently trading at Rs. 435.25, up by 22.85 points or 5.54% from its previous closing of Rs. 412.40 on the BSE.

The scrip opened at Rs. 420.00 and has touched a high and low of Rs. 439.80 and Rs. 415.00 respectively. 

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 484.55 on 01-Sep-2023 and a 52 week low of Rs. 268.80 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 439.80 and Rs. 392.60 respectively. The current market cap of the company is Rs. 6568.75 crore.

The promoters holding in the company stood at 50.68%, while Institutions and Non-Institutions held 24.84% and 24.48% respectively.

Jubilant Pharmova’s wholly owned subsidiary -- Jubilant Draximage Inc has received approval from the United States Food and Drug Administration (USFDA) with regards to the company’s abbreviated new drug application (ANDA) submitted pursuant to section 505(j) of the Federal Food, Drug, and Cosmetic Act (FD&C) for kit for the preparation of Technetium (Tc 99m) Sulfur Colloid Injection. For this approval, Jubilant is eligible for 180 days of exclusivity through the ‘Competitive Generic Therapy’ designation from the USFDA.

Technetium Sulfur Colloid Injection is used in the localization of metastatic lymph nodes in patients with breast cancer and melanoma, imaging of areas of the liver, spleen and bone marrow, and studies of esophageal transit, gastroesophageal reflux, and detection of pulmonary aspiration of gastric contents. This approval is effective from November 9, 2023.

Jubilant Pharmova (formerly Jubilant Life Sciences) is a company engaged in pharmaceuticals, contract research and development services and proprietary novel drugs businesses.

Jubilant Pharmova Share Price

973.45 3.70 (0.38%)
05-Jun-2026 16:59 View Price Chart
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