Alembic Pharmaceuticals gains on getting USFDA`s final approval for Betamethasone Valerate Foam
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Alembic Pharmaceuticals is currently trading at Rs. 1112.85, up by 12.30 points or 1.12% from its previous closing of Rs. 1100.55 on the BSE.
The scrip opened at Rs. 1227.35 and has touched a high and low of Rs. 1227.35 and Rs. 1107.05 respectively. So far 15526 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1285.60 on 08-Aug-2024 and a 52 week low of Rs. 707.50 on 31-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1227.35 and Rs. 1059.35 respectively. The current market cap of the company is Rs. 22131.04 crore.
The promoters holding in the company stood at 69.61%, while Institutions and Non-Institutions held 19.79% and 10.60% respectively.
Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Betamethasone Valerate Foam, 0.12%. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Luxiq Foam, 0.12%, of Norvium Bioscience, LLC (Norvium). Betamethasone valerate foam, 0.12% is a medium potency topical corticosteroid indicated for relief of the inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses of the scalp.
Alembic has a cumulative total of 213 ANDA approvals (185 final approvals and 28 tentative approvals) from USFDA.
Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907.
