Sun Pharmaceutical surges as its arm receives US FDA approval for generic Cymbalta

13 Dec 2013 Evaluate

Sun Pharmaceutical Industries is currently trading at Rs 576.50, up by 1.15 points or 0.20% from its previous closing of Rs 575.35 on the BSE.

The scrip opened at Rs 572.75 and has touched a high and low of Rs 579.50 and Rs 571.00 respectively. So far 13127 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 650.00 on 09-Oct-2013 and a 52 week low of Rs 347.10 on 21-Jan-2013.

Last one week high and low of the scrip stood at Rs 594.50 and Rs 572.50 respectively. The current market cap of the company is Rs 119164.42 crore.

The promoters holding in the company stood at 63.65% while Institutions and Non-Institutions held 25.95% and 10.40% respectively.

Sun Pharmaceutical Industries’ subsidiary has been granted the US Food and Drug Administration (USFDA) final approval for its Abbreviated New Drug Application (ANDA) to market a generic version of Cymbalta, Duloxetine Delayed-Release Capsules USP, 20 mg, 30 mg and 60 mg. Duloxetine Delayed-Release Capsules USP, 20 mg, 30 mg and 60 mg are therapeutic equivalents of Eli Lilly & Company’s Cymbalta Delayed-Release Capsules.

These Capsules have annual sales of approximately $5.5 billion in the US. Duloxetine Delayed-Release Capsules USP are indicated for the treatment of major depressive disorder (MDD), generalized anxiety disorder (GAD) and diabetic peripheral neuropathic pain (DPNP). Sun Pharma’s subsidiary, being one of the first-to-file ANDAs for generic Cymbalta with a para IV certification, is eligible for shared 180-day marketing exclusivity in the US.

Sun Pharmaceutical Industries is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India, US and several other markets across the world.

Sun Pharma Inds. Share Price

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