SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Claris Lifesciences gains on receiving ANDA approval for Metroprolol Tartrate Injection in US

02 May 2013 Evaluate

Claris Lifesciences is currently trading at Rs 181.50, up by 2.70 points or 1.51% from its previous closing of Rs 178.80 on the BSE.

The scrip opened at Rs 181.50 and has touched a high and low of Rs 183.95 and Rs 180.20 respectively. So far 7547 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 292.20 on 05-Dec-2012 and a 52 week low of Rs 147.20 on 18-May-2012.

Last one week high and low of the scrip stood at Rs 182.05 and Rs 176.60 respectively. The current market cap of the company is Rs 1141.06 crore.

The promoters holding in the company stood at 62.06% while Institutions and Non-Institutions held 24.15% and 13.79% respectively.

Claris Lifesciences has received an Abbreviated New Drug Application (ANDA) approval for Metoprolol Tartrate Injection; having strength of 1mg / ml in 5 ml glass vials; in the United States of America (US). Metoprolol Tartrate Injection is used to treat angina (chest pain) and hypertension (high blood pressure). It is also used to treat or prevent heart attack.

According to the American Heart Association, an estimated 1.4 million people annually will suffer a heart attack or AMI. IMS data indicates 2009 sales of Metoprolol at approximately $13 million.

Claris is also one of the few injectables companies in India to have its own front end in the US, the company markets its products through its wholly owned subsidiary Claris Lifesciences Inc. The company now has 10 ANDAs approved in its name across 6 molecules. The company has a total filing of 32 ANDAs across 21 molecules.

Peers
Company Name CMP
Redington 227.30
Adani Enterprises 2223.85
Amrapali Industries 17.36
Rashi Peripheral 474.20
PDS 293.75
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×