Zydus Lifesciences gains on getting USFDA`s final approval for Levothyroxine Sodium for Injection
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Zydus Lifesciences is currently trading at Rs 483.25, up by 0.95 points or 0.20% from its previous closing of Rs. 482.30 on the BSE.
The scrip opened at Rs. 478.60 and has touched a high and low of Rs. 483.05 and Rs. 478.45 respectively. So far 10146 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 488.10 on 16-Mar-2023 and a 52 week low of Rs. 319.40 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 487.00 and Rs. 471.10 respectively. The current market cap of the company is Rs. 48600.98 crore.
The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 16.21% and 8.81% respectively.
Zydus Lifesciences has received final approval for Levothyroxine Sodium for Injection, 100 mcg/vial, 200 mcg/vial, and 500 mcg/vial from the United States Food and Drug Administration (USFDA). Levothyroxine Sodium Injection is indicated for the treatment of myxedema coma.
The drug will be manufactured at the group’s injectable manufacturing facility at Jarod, near Vadodara (India). The group now has 354 approvals and has so far filed over 440 ANDAs since the commencement of the filing process in FY 2003-04.
Zydus Lifesciences (formerly known as Cadila Healthcare) is an India-based pharmaceutical company.
