Sequent Scientific inches up on launching Halofusol Oral Solution in European countries

01 Dec 2020 Evaluate

Sequent Scientific is currently trading at Rs. 155.95, up by 0.15 points or 0.10% from its previous closing of Rs. 155.80 on the BSE.

The scrip opened at Rs. 155.90 and has touched a high and low of Rs. 157.55 and Rs. 154.75 respectively. So far 37702 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 168.80 on 08-Oct-2020 and a 52 week low of Rs. 52.00 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 163.70 and Rs. 152.00 respectively. The current market cap of the company is Rs. 3847.27 crore.

The promoters holding in the company stood at 54.51%, while Institutions and Non-Institutions held 13.12% and 32.37% respectively.

Sequent Scientific has launched Halofusol 0.5 mg/ml Oral Solution for Calves in 19 European countries. The product had recently received approval from the European Medicines Agency (EMA) through its Spanish subsidiary Laboratorios Karizoo, S.A. The product was developed at SeQuent’s R&D centre at Barcelona, Spain & will be manufactured in Spain. The approval follows the recent approval of Tulathromycin, both of which were approved within 12 months of filing, reflecting of SeQuent’s growing strength in product development for the regulated markets.

Halofusol offers superior value for farmers with user-friendly and cost-effective drug delivery system. Halofusol is an oral antiprotozoal solution for the prevention and reduction of diarrhoea in new-born calves, diagnosed with Cryptosporidium parvum and is a generic version of Halocur (Innovator: Merck Animal Health) with market size of Euro10 million. The company is also planning to extend the launch to other geographies.

Sequent Scientific is an integrated pharmaceutical company with a global footprint headquartered in Bangalore, India which has presence in different pharmaceutical verticals including APIs, Animal Health, Analytical Services, CRAMS and specialty chemicals. Sequent is the world's largest producer of Anthelmintics and by far the strongest player in the Veterinary API business.

Sequent Scientific Share Price

201.70 9.60 (5.00%)
22-Nov-2024 16:59 View Price Chart
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