Sun Pharma extend gains on getting US FDA nod for Sanfoi’s DDAVP Nasal Spray Generic

27 Dec 2013 Evaluate

Sun Pharma is currently trading at Rs. 575.00, up by 4.55 points or 0.80% from its previous closing of Rs. 570.45 on the BSE.

The scrip opened at Rs. 572.00 and has touched a high and low of Rs. 575.00 and Rs. 569.05 respectively. So far 40,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 650.00 on 09-Oct-2013 and a 52 week low of Rs. 347.10 on 21-Jan-2013.

Last one week high and low of the scrip stood at Rs. 585.00 and Rs. 565.10 respectively. The current market cap of the company is Rs. 1, 19,088 crore.

The promoters holding in the company stood at 63.65% while Institutions and Non-Institutions held 25.95% and 10.40% respectively. Sun Pharmaceutical Industries has received US Food and Drug Administration (US FDA) approval for Sanfoi’s DDAVP nasal Spray Generic, which is indicated as antidiuretic replacement therapy in the management of central cranial diabetes insipidus and for management of the temporary polyuria and polydipsia following head trauma or surgery in the pituitary region.

The use of DDAVP Nasal Spray in patients with an established diagnosis will result in a reduction in urinary output with increase in urine osmolality and a decrease in plasma osmolality.

Recently, the company’s subsidiary granted the USFDA final approval for its Abbreviated New Drug Application (ANDA) to market a generic version of Cymbalta, Duloxetine Delayed-Release Capsules USP, 20 mg, 30 mg and 60 mg. Duloxetine Delayed-Release Capsules USP, 20 mg, 30 mg and 60 mg are therapeutic equivalents of Eli Lilly & Company’s Cymbalta Delayed-Release Capsules.

Sun Pharmaceutical Industries is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India, US and several other markets across the world.

Sun Pharma Inds. Share Price

1777.65 2.45 (0.14%)
21-Nov-2024 16:59 View Price Chart
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