Gland Pharma surges on getting EIR for Pashamylaram Facility
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Gland Pharma is currently trading at Rs. 1761.05, up by 52.75 points or 3.09% from its previous closing of Rs. 1708.30 on the BSE.
The scrip opened at Rs. 1724.85 and has touched a high and low of Rs. 1817.15 and Rs. 1701.05 respectively. So far 78520 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1914.00 on 29-Nov-2022 and a 52 week low of Rs. 861.50 on 22-May-2023.
Last one week high and low of the scrip stood at Rs. 1817.15 and Rs. 1618.80 respectively. The current market cap of the company is Rs. 29148.12 crore.
The promoters holding in the company stood at 57.86%, while Institutions and Non-Institutions held 27.36% and 14.78% respectively.
Gland Pharma has received Establishment Inspection Report (EIR) from the USFDA indicating closure of the inspection at Pashamylaram Facility, Hyderabad. The Pre-Market Inspection covering USFDA’s Quality System/Current Good Manufacturing Practice regulations for Medical Devices (21 CFR Part 820) by USFDA conducted at the Company’s Pashamylaram Facility at Hyderabad between August 23, 2023 and August 26, 2023.
Gland Pharma develops, manufactures and markets complex injectables. The company sells its products primarily under a business-to-business model in many countries.
