Jubilant Life gains on receiving ANDA approval for Bupropion Hydrochloride

18 Oct 2013 Evaluate

Jubilant Life Sciences is currently trading at Rs. 75.80, up by 0.45 points or 0.60 % from its previous closing of Rs. 75.35 on the BSE.

The scrip opened at Rs. 76.90 and has touched a high and low of Rs. 77.30 and Rs. 75.15 respectively. So far 23002 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 248.25 on 10-Dec-2012 and a 52 week low of Rs. 65.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 83.80 and Rs. 74.00 respectively. The current market cap of the company is Rs. 1218.50 crore.

The promoters holding in the company stood at 53.95 % while Institutions and Non-Institutions held 28.41 % and 17.65 % respectively.

Jubilant Life Sciences, an integrated Pharmaceuticals and Life Sciences Company has received Abbreviated New Drug Application (ANDA) approvals from the US Food and Drug Administration (US FDA) for Bupropion Hydrochloride Extended-release Tablets USP (SR), 100 mg, 150 mg and 200 mg, the generic version of GlaxoSmithKline’s antidepressant Wellbutrin SR. The company has also received approval for Bupropion Hydrochloride Extended-release Tablets USP (SR), 150 mg, the generic version of GlaxoSmithKline’s smoking cessation aid, Zyban.

The current total market size for these products as per IMS is $518 million per annum. The company is likely to launch these products in Q3 FY 14. As on June 30, 2013, Jubilant Life Sciences had a total of 649 filings for formulations of which 189 have been approved in various regions of the world. This includes 58 ANDAs filed in the US and 41 Dossier filings in Europe.

Jubilant Life Sciences is a global Pharmaceutical and Life Sciences Company engaged in manufacture and supply of APIs, Solid Dosage Formulations, Radiopharmaceuticals, Allergy Therapy Products and Life Science Ingredients.

Jubilant Pharmova Share Price

1072.05 9.00 (0.85%)
23-Dec-2024 11:50 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1823.60
Dr. Reddys Lab 1350.00
Cipla 1490.85
Lupin 2187.05
Zydus Lifesciences 981.65
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.