Aurobindo Pharma surges on receiving USFDA approval for Duloxetine Hydrochloride Delayed Release Capsules

13 Dec 2013 Evaluate

Aurobindo Pharma is currently trading at Rs. 300.75, up by 2.80 points or 0.94% from its previous closing of Rs. 297.95 on the BSE.

The scrip opened at Rs. 297.00 and has touched a high and low of Rs. 302.00 and Rs. 295.50 respectively. So far 86,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 312.00 on 05-Dec-2013 and a 52 week low of Rs. 127.15 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 310.30 and Rs. 290.65 respectively. The current market cap of the company is Rs. 8,745 crore.

The promoters holding in the company stood at 54.84% while Institutions and Non-Institutions held 31.34% and 13.82% respectively.

Aurobindo Pharma has received the final approval from the US Food & Drug Administration (USFDA) to manufacture and market Duloxetine Hydrochloride Delayed-Release Capsules 20mg (base), 30mg (base) and 60mg (base) which was earlier tentatively approved. According to IMS, the market size of the product is estimated to be $5.4 billion for the twelve months ending September 2013.

Duloxetine Hydrochloride Delayed-Release Capsules 20mg (base), 30mg (base) and 60mg (base) are the generic equivalent of Eli Lilly & Company’s Cymbalta Delayed-Release Capsules 20mg (base), 30mg (base) and 60mg (base). Duloxetine Hydrochloride Delayed-Release Capsules are indicated for the treatment of for the treatment of major depressive disorder (MDD) and falls under the Neurological (CNS) therapeutic category. The company now has a total of 188 ANDA approvals (163 Final approvals including 7 from Aurolife Pharma LLC and 25 Tentative approvals) from USFDA.

Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceutical ingredients. The company’s robust product portfolio is spread over 6 major therapeutic/product areas encompassing Antibiotics, Anti-Retrovirals, CVS, CNS, Gastroenterologicals, and Anti-Allergics, supported by an outstanding R&D set-up.

Aurobindo Pharma Share Price

1223.65 3.45 (0.28%)
22-Nov-2024 16:59 View Price Chart
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