Aurobindo Pharma rises as its arm enters into agreement with global pharma major

25 Nov 2024 Evaluate

Aurobindo Pharma is currently trading at Rs. 1240.55, up by 16.90 points or 1.38% from its previous closing of Rs. 1223.65 on the BSE.

The scrip opened at Rs. 1255.90 and has touched a high and low of Rs. 1255.90 and Rs. 1237.90 respectively. So far 4852 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1592.55 on 13-Sep-2024 and a 52 week low of Rs. 959.05 on 14-Feb-2024.

Last one week high and low of the scrip stood at Rs. 1266.70 and Rs. 1202.65 respectively. The current market cap of the company is Rs. 72199.45 crore.

The promoters holding in the company stood at 51.82%, while Institutions and Non-Institutions held 41.72% and 6.46% respectively.

Aurobindo Pharma’s wholly owned subsidiary-- Aurobindo Pharma USA Inc., has entered into a Collaboration and License Agreement on November 22, 2024 with a global pharma major for development of specific products across respiratory therapeutic area and their commercialisation.

Both the parties will co-exclusively commercialize the product. The products, once commercialized, will be manufactured at Partner’s facility and will be marketed by both the parties. Aurobindo has an option to technology transfer at a future date. A cost-sharing arrangement has been agreed by both the parties with each of them contributing 50% of the cost incurred with an overall cap of $90 million for Aurobindo over the development period. 

Aurobindo Pharma is engaged in manufacturing pharmaceutical products. It offers active pharmaceutical ingredients, intermediates and generic formulations like astemizole, domeperidone and omeprazole; anti-infective, oral and sterile antibiotics, pain management and osteoporosis segments.


Aurobindo Pharma Share Price

1247.85 34.40 (2.83%)
18-Dec-2024 16:59 View Price Chart
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