Nectar Lifesciences is currently trading at Rs 32.50, up by 1.90 points or 6.21% from its previous closing of Rs 30.60 on the BSE.
The scrip opened at Rs 31.35 and has touched a high and low of Rs 34.35 and Rs 30.80 respectively. So far 865360 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 35.00 on 09-Jun-2014 and a 52 week low of Rs 9.65 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs 35.00 and Rs 29.00 respectively. The current market cap of the company is Rs 726.61 crore.
The promoters holding in the company stood at 44.35% while Institutions and Non-Institutions held 14.87% and 20.26% respectively.
Nectar Lifesciences (NecLife) has touched a significant milestone by receiving second European cGMP (Current Good Manufacturing Practices) approval for its Cephalosporin Finished Dosage Forms (FDF) manufacturing facility in Baddi, Himachal Pradesh. NecLife has received second European cGMP compliance certification for both Oral & Injectables Cephalsporins followed by the successful inspection by the Portugal Authority - National Authority of Medicines and Health Products, Infarmed in July 2013. The Infarmed Certificate is accepted by all EU Health Authorities and by authorities of several other countries.
NecLife's FDF facility, Unit-VI, has received this approval for all the Cephalosporin steriles and Non-sterile products which includes tablets, capsule, powder for oral suspension and powder for injections. This approval is a testimony to the high standards of quality and compliance practices put in place by the company. This approval will facilitate exports to the lucrative generic drug markets of Europe and this certification opens up lot of opportunities for Contract Manufacturing for NecLife for European customers. In addition to EU approval NLL is eagerly awaiting USFDA approval in writing anytime for its FDF & API facility inspections by USFDA between January 12 and January 24, 2014.
Nectar Lifesciences is a $200 million pharmaceutical organization. The company offers a range of Cephalosporin active pharmaceutical ingredients (APIs) and finished dosage forms.
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