Zydus Lifesciences rises on getting USFDA`s final approval for Darunavir Tablets 600 mg, 800 mg
Zydus Lifesciences is currently trading at Rs. 648.90, up by 5.40 points or 0.84% from its previous closing of Rs. 643.50 on the BSE.
The scrip opened at Rs. 651.05 and has touched a high and low of Rs. 651.05 and Rs. 645.95 respectively. So far 1340 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. 401.05 on 19-Dec-2022.
Last one week high and low of the scrip stood at Rs. 651.05 and Rs. 632.05 respectively. The current market cap of the company is Rs. 65135.34 crore.
The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 17.95% and 7.07% respectively.
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) for Darunavir Tablets 600 mg and 800 mg, and tentative approval for 75 mg and 150 mg tablets (USRLD: Prezista Tablets, 75 mg, 150 mg, 600 mg, and 800 mg).
Darunavir is a protease inhibitor antiviral medicine that prevents Human Immunodeficiency Virus (HIV-1) from multiplying in the body. It is indicated for the treatment of HIV-1 infection in adult patients. It is also indicated for the treatment of HIV-1 infection in pediatric patients 3 years of age and older. It must be –co-administered with Ritonavir and with other antiretroviral agents. The product will be manufactured at the group’s formulation manufacturing facility in SEZ, Ahmedabad (India).
Darunavir Tablets, 75 mg, 150 mg, 600 mg, and 800 mg had annual sales of $275 million in the United States (IQVIA MAT October 2023). The group now has 383 approvals and has so far filed over 440 (as of September 2023) 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.