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Caplin Point moves up as its arm gets USFDA’s approval for Phenylephrine Hydrochloride Ophthalmic Solution

24 May 2024 Evaluate

Caplin Point Laboratories is currently trading at Rs. 1321.10, up by 11.95 points or 0.91% from its previous closing of Rs. 1309.15 on the BSE.

The scrip opened at Rs. 1323.90 and has touched a high and low of Rs. 1337.95 and Rs. 1300.00 respectively. So far 3954 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1617.80 on 19-Feb-2024 and a 52 week low of Rs. 729.05 on 26-May-2023.

Last one week high and low of the scrip stood at Rs. 1349.00 and Rs. 1275.00 respectively. The current market cap of the company is Rs. 9979.88 crore.

The promoters holding in the company stood at 70.62%, while Institutions and Non-Institutions held 4.43% and 24.95% respectively.

Caplin Point Laboratories’ subsidiary -- Caplin Steriles (Caplin) has been granted final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Phenylephrine hydrochloride Ophthalmic Solution USP 2.5% and 10% (eye drops), a generic therapeutic equivalent version of the Reference Listed Drug (RLD), from Alcon Research LLC.

Phenylephrine hydrochloride Ophthalmic Solution USP 2.5% and 10% is indicated to dilate the pupil of the eyes. According to IQVIA (IMS Health), Phenylephrine hydrochloride Ophthalmic Solution USP 2.5% and 10% had US sales of approximately $32 million for the 12-month period ending March 2024.

Caplin Point Laboratories is engaged mainly in manufacturing a wide range of Ointments, Creams and other External application preparations in addition to the regular segments of pharmaceutical formulations.


Caplin Point Lab Share Price

1772.50 6.05 (0.34%)
17-Apr-2026 16:59 View Price Chart
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