Zydus Lifesciences jumps on getting USFDA`s tentative nod for Azilsartan Medoxomil and Chlorthalidone Tablets
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Zydus Lifesciences is currently trading at Rs. 1103.45, up by 13.15 points or 1.21% from its previous closing of Rs. 1090.30 on the BSE.
The scrip opened at Rs. 1095.20 and has touched a high and low of Rs. 1109.70 and Rs. 1093.80 respectively. So far 112109 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1171.95 on 21-May-2024 and a 52 week low of Rs. 533.10 on 15-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1109.70 and Rs. 1056.25 respectively. The current market cap of the company is Rs. 110781.33 crore.
The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 18.35% and 6.66% respectively.
Zydus Lifesciences has received tentative approval from the United States Food and Drug Administration (USFDA) to market Azilsartan Medoxomil and Chlorthalidone Tablets, 40 mg/12.5 mg and 40 mg/25 mg (USRLD: Edarbyclor tablets).
Azilsartan and chlorthalidone is an angiotensin II receptor blocker (ARB) and a thiazide like diuretic combination product indicated for the treatment of high blood pressure (hypertension), to lower blood pressure. The drug will be manufactured at the group’s formulation manufacturing facility in Ahmedabad SEZ - II, India. Azilsartan Medoxomil and Chlorthalidone Tablets had annual sales of $77.9 million in the United States (IQVIA MAT March 24).
The group now has 397 approvals and has so far filed over 460 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.
