Wockhardt is currently trading at Rs. 1214.00, up by 0.50 points or 0.04% from its previous closing of Rs. 1223.10 on the BSE.
The scrip opened at Rs. 1229.65 and has touched a high and low of Rs. 1239.00 and Rs. 1210.00 respectively. So far 4,273 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 1325.00 on 21-Aug-2012 and a 52 week low of Rs. 251.25 on 06-Jan-2012.
Last one week high and low of the scrip stood at Rs. 1278.40 and Rs. 1103.70 respectively. The current market cap of the company is Rs. 13,390 crore.
The promoters holding in the company stood at 73.64% while Institutions and Non-Institutions held 8.86% and 17.32% respectively.
Wockhardt has received final approval from the United States Food & Drug Administration (US FDA) for marketing 100mg, 150mg and 200mg 12-Hr extended release tablets of Bupropion HCI, which is used in the treatment of depression. Bupropion is the generic name for the brand Wellbutrin SR, marketed in the US by Glaxo Smithkline. The company is launching the product immediately.
The total market for this product in the US is about $268 million. Depression is a rapidly growing condition globally and Bupropion is one of the more used drug for treating this condition.
In the US generic pharmaceutical market, Wockhardt has been consistently growing market shares for all its products. The company will be manufacturing the extended release tablets of Bupropion 12-Hr at its facility in Walju in India. The technology for the tablets was developed in-house.
Wockhardt is one of the few companies with end to end integrated capabilities for its products, starting with the manufacture of the oral and sterile API’s, the dose forms and marketing through wholly owned subsidiary in the US, enabling the company to capture maximum value
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1797.80 |
| Dr. Reddys Lab | 1213.90 |
| Cipla | 1486.30 |
| Lupin | 2069.95 |
| Zydus Lifesciences | 948.70 |
| View more.. | |
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