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Gland Pharma jumps on getting USFDA’s tentative approval for Latanoprostene Bunod Ophthalmic Solution

24 Jul 2024 Evaluate

Gland Pharma is currently trading at Rs. 2014.00, up by 35.70 points or 1.80% from its previous closing of Rs. 1978.30 on the BSE.

The scrip opened at Rs. 2040.00 and has touched a high and low of Rs. 2040.00 and Rs. 1986.30 respectively. So far 1602 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2195.75 on 07-Feb-2024 and a 52 week low of Rs. 1172.05 on 27-Jul-2023.

Last one week high and low of the scrip stood at Rs. 2056.95 and Rs. 1935.30 respectively. The current market cap of the company is Rs. 33080.50 crore.

The promoters holding in the company stood at 51.83%, while Institutions and Non-Institutions held 39.71% and 8.45% respectively.

Gland Pharma has received tentative approval from the United States Food and Drug Administration (USFDA) for Latanoprostene Bunod Ophthalmic Solution, 0.024%. The Product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Vyzulta Ophthalmic Solution, 0.024%, registered by Bausch & Lomb Inc. (Bausch & Lomb). Based on the available updates, the company believes that it is the first applicant to have filed its ANDA with Paragraph IV certification. Upon final approval, the Company may be eligible for 180 days of generic drug exclusivity.

Latanoprostene Bunod Ophthalmic Solution, 0.024%, is indicated for reducing elevated intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension. According to IQVIA, the product had US sales of around $153 million for the twelve months ended December 2023.

Gland Pharma develops, manufactures and markets complex injectables. The company sells its products primarily under a business-to-business model in many countries.


Gland Pharma Share Price

1781.20 -0.95 (-0.05%)
22-Apr-2026 09:23 View Price Chart
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