Zydus Lifesciences jumps on getting USFDA`s final nod for Plerixafor Injection
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Zydus Lifesciences is currently trading at Rs. 645.95, up by 23.50 points or 3.78% from its previous closing of Rs. 622.45 on the BSE.
The scrip opened at Rs. 625.95 and has touched a high and low of Rs. 656.50 and Rs. 623.40 respectively. So far 84120 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 656.50 on 27-Jul-2023 and a 52 week low of Rs. 340.60 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 656.50 and Rs. 564.05 respectively. The current market cap of the company is Rs. 66228.52 crore.
The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 17.56% and 7.47% respectively.
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) for Plerixafor Injection, 24 mg/1.2 mL (20 mg/mL), Single-Dose Vial (USRLD: Mozobil Injection, 24 mg/1.2 mL (20 mg/mL)). Plerixafor is used by patients with certain types of cancer (non-Hodgkin's lymphoma-NHL, multiple myeloma-MM) to prepare them for stem cell transplant. The drug will be manufactured at the group’s injectable manufacturing facility of Zydus Lifesciences (Alidac) at SEZ, Ahmedabad (India).
Plerixafor Injection, 24 mg/1.2 mL (20 mg/mL), Single-Dose Vial had annual sales of $210 million in the United States (IQVIA MAT May 2023). The group now has 374 approvals and has so far filed over 442 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.
