Ranbaxy Laboratories is currently trading at Rs. 339.20, up by 5.75 points or 1.72% from its previous closing of Rs. 333.45 on the BSE.
The scrip opened at Rs. 331.00 and has touched a high and low of Rs. 344.00 and Rs. 326.75 respectively. So far 527937 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 559.80 on 08-Nov-2012 and a 52 week low of Rs. 253.95 on 02-Aug-2013.
Last one week high and low of the scrip stood at Rs. 411.55 and Rs. 297.25 respectively. The current market cap of the company is Rs. 14361.02 crore.
The promoters holding in the company stood at 63.51% while Institutions and Non-Institutions held 20.74% and 13.69% respectively.
Ranbaxy Laboratories’ wholly owned subsidiary - Ranbaxy Laboratories Inc. (RLI), has received a Paragraph IV Certification Notice of filing from Watson Laboratories Inc. of an Abbreviated New Drug Application (ANDA) to the US Food and Drug Administration (USFDA) for a generic version of Absorica (isotretinoin capsules), a product that is licensed from Cipher Pharmaceuticals Inc. (Cipher) of Mississauga, Ontario.
RLI and Cipher intend to vigorously defend Absorica’s intellectual property rights and pursue all available legal and regulatory pathways in defense of the product. Absorica is currently protected by two issued patents listed in the USFDA’s Approved Drug Products List (Orange Book), which expire in September 2021. RLI shall take appropriate actions in response to the Paragraph IV notice letter, and USFDA approval of the ANDA shall then be governed by the Hatch-Waxman Act.
Absorica was approved by the USFDA in May 2012, and granted a three-year market exclusivity period, which expires in May 2015.
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