Alembic Pharmaceuticals is currently trading at Rs 604.60, up by 1.70 points or 0.28% from its previous closing of Rs 602.90 on the BSE.
The scrip opened at Rs. 602.00 and has touched a high and low of Rs. 615.20 and Rs. 590.00 respectively. So far 25521 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 791.70 on 15-Jul-2015 and a 52 week low of Rs. 451.70 on 07-May-2015.
Last one week high and low of the scrip stood at Rs. 643.00 and Rs. 587.75 respectively. The current market cap of the company is Rs. 11332.63 crore.
The promoters holding in the company stood at 74.13% while Institutions and Non-Institutions held 12.92% and 12.96% respectively.
Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Lacosamide Tablets, 50 mg, 100 mg, 150 mg and 200 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Vimpat Tablets, 50 mg, 100 mg, 150 mg and 200 mg of UCB, Inc. Lacosamide Tablets are indicated as adjunctive therapy in patients with partial- onset seizures. Vimpat had an estimated market size of $ 650 million for the twelve months ending April 2016.
Alembic was one of the first ANDA applicants to submit a substantially complete ANDA with a paragraph IV certification. The launch of this product will be based on the outcome of the ongoing litigation in the United States District Court for the District of Delaware with UCB. Alembic now has a total of 47 ANDA approvals (43 Final approvals and 4 tentative approvals) from USFDA.
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