Zydus Lifesciences rises on getting USFDA`s final nod for Doxepin Tablets
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Zydus Lifesciences is currently trading at Rs. 652.40, up by 7.75 points or 1.20% from its previous closing of Rs. 644.65 on the BSE.
The scrip opened at Rs. 655.00 and has touched a high and low of Rs. 659.00 and Rs. 647.20 respectively. So far 18824 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 668.50 on 10-Aug-2023 and a 52 week low of Rs. 350.30 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 659.70 and Rs. 636.30 respectively. The current market cap of the company is Rs. 66177.91 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 Doxepin Tablets, 3 mg and 6 mg (USRLD: Silenor Tablets, 3 mg and 6 mg). Doxepin is used to treat a certain sleep problem (insomnia). It is expected to help stay asleep longer and reduce the number of times a person wakes up during the night. Doxepin belongs to a class of drugs known as tricyclic antidepressants. The drug will be manufactured at the group’s formulation manufacturing facility at Moraiya.
Doxepin Tablets, 3 mg and 6 mg had annual sales of $43.4 million in the United States (IQVIA MAT June 2023). The group now has 376 approvals and has so far filed over 444 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.
