Unichem Laboratories is currently trading at Rs. 172.75, up by 6.10 points or 3.66% from its previous closing of Rs. 166.65 on the BSE.
The scrip opened at Rs. 170.05 and has touched a high and low of Rs. 175.00 and Rs. 170.05 respectively. So far 14,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 216.80 on 10-Jan-2013 and a 52 week low of Rs. 138.00 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 169.70 and Rs. 161.10 respectively. The current market cap of the company is Rs. 1,564.00 crore.
The promoters holding in the company stood at 50.24% while Institutions and Non-Institutions held 14.47% and 35.29% respectively.
Unichem Laboratories has received ANDA approval from the United States Food and Drug Administration (USFDA) for Amlodipine Besylate Tablets. Amlodipine Besylate Tablets USP 2.5mg, 5mg and 10mg are therapeutically equivalent to NORVASC Tablets 2.5mg, 5mg and 10mg from Pfizer Inc.
The product will be commercialized from the company’s Goa plant. Active pharmaceutical ingredient i.e., Amlodipine Besylate used for this ANDA is also made in house at Roha plant. Currently, there are 6-7 companies are dominating the US market. The current market size is around $ 45-50 million.
Amlodipine Besylate Tablet USP is a calcium channel blocker indicated for the treatment of hypertension, to lower blood pressure. Lowering blood pressure reduces the risk of fatal and nonfatal cardiovascular events, primarily strokes and myocardial infarctions.
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