Unichem Laboratories is currently trading at Rs. 286.00, up by 10.40 points or 3.77% from its previous closing of Rs. 275.60 on the BSE.
The scrip opened at Rs. 276.80 and has touched a high and low of Rs. 291.00 and Rs. 273.00 respectively. So far 53545 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 334.00 on 06-Oct-2015 and a 52 week low of Rs. 174.00 on 08-Jun-2015.
Last one week high and low of the scrip stood at Rs. 291.00 and Rs. 273.00 respectively. The current market cap of the company is Rs. 2583.49 crore.
The promoters holding in the company stood at 50.11% while Institutions and Non-Institutions held 18.36% and 31.53% respectively.
Unichem Laboratories has received final ANDA approval (tentative approval was received earlier) from the United States Food and Drug Administration (USFDA) for Irbesartan Tablets USP. Irbesartan Tablets USP 75mg, 150mg and 300mg are therapeutically equivalent to Avapro Tablets, 75mg, 150mg and 300 mg of Sanofi-aventis U.S.LLC.
Irbesartan is indicated for the treatment of hypertension. It may be used alone or in combination with other antihypertensive agents. Irbesartan is also indicated for the treatment of diabetic nephropathy with an elevated serum creatinine and proteinuria (>300 mg/day) in patients with type 2 diabetes and hypertension. In this population, Irbesartan reduces the rate of progression of nephropathy as measured by the occurrence of doubling of serum creatinine or end-stage renal disease (need for dialysis or renal transplantation). The product will be commercialized from the company’s Ghaziabad plant. Active Pharmaceutical Ingredient will also be made in house at Pithampur API Plant.
Unichem Laboratories 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 and several other markets across the world.
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