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Alembic Pharmaceuticals is currently trading at Rs. 823.50, up by 7.30 points or 0.89% from its previous closing of Rs. 816.20 on the BSE.

The scrip opened at Rs. 807.00 and has touched a high and low of Rs. 826.90 and Rs. 800.00 respectively. So far 14520 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1119.00 on 13-Jan-2021 and a 52 week low of Rs. 720.80 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 847.95 and Rs. 796.55 respectively. The current market cap of the company is Rs. 16100.49 crore.

The promoters holding in the company stood at 69.48%, while Institutions and Non-Institutions held 16.94% and 13.58% respectively.

Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Entacapone Tablets USP, 200 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Comtan Tablets, 200 mg, of Orion Corporation. Entacapone Tablets are indicated as an adjunct to levodopa and carbidopa to treat end-of-dose ‘wearing-off’ in patients with Parkinson's disease.

Entacapone Tablets USP, 200 mg have an estimated market size of $10.5 million for twelve months ending September 2021 according to IQVIA. Alembic has received year to date (YTD) 17 approvals (13 final approvals and 4 tentative approvals) and a cumulative total of 156 ANDA approvals (136 final approvals and 20 tentative approvals) from USFDA.

Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907.