Zydus Lifesciences rises on getting final nod for Clindamycin Phosphate Gel
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Zydus Lifesciences is currently trading at Rs. 630.50, up by 6.00 points or 0.96% from its previous closing of Rs. 624.50 on the BSE.
The scrip opened at Rs. 628.35 and has touched a high and low of Rs. 630.95 and Rs. 628.15 respectively. So far 1387 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. 653.55 and Rs. 623.40 respectively. The current market cap of the company is Rs. 63212.15 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 Clindamycin Phosphate Gel USP, 1% (USRLD: Cleocin T Gel, 1%). Clindamycin Phosphate Gel USP, 1% is used to treat acne. It helps to decrease the number of acne lesions. Clindamycin is an antibiotic which works by stopping the growth of bacteria. The drug will be manufactured at the group’s topical manufacturing facility at Changodar, Ahmedabad (India).
Clindamycin Phosphate Gel USP, 1% had annual sales of $37 million in the United States (IQVIA MAT July 2023). The group now has 381 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
