The stock dipped 4.7% to Rs 633 on BSE in late noon deal.
The stock of Aurobindo Pharma was trading 0.98 per cent higher at Rs 678 on the BSE
BS Reporter Hyderabad, 28 MarchAurobindo Pharma has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Meropenem injection, which is used in the treatment of complicated skin and other bacterial infections. Meropenem injection 500 mg/vial and 1 g/vial will be launched next month. This is a generic version of AstraZeneca Pharmaceuticals' Merrem Injection. It is indicated as single agent therapy for skin infections, complicated intra-abdominal infections such as appendicitis and peritonitis, and bacterial meningitis, the company said in a statement.According to IMS, Meropenem has an estimated market size of $118 million for the twelve months ending January 2017. This is the first abbreviated new drug application (ANDA) approved out of its subsidiary Auronext Pharma's formulation facility in Bhiwadi. This unit is used for manufacturing penem injectable products. With this, the Hyderabad-based company has an overall 314 ANDA approvals ...
The court has scheduled a five-day bench trial beginning April 17 to deliver a final judgment
FM Arun Jaitley has imposed a 10% tax on dividend income on shares held by trusts
Aurobindo reported a lower-than-expected October-December profit on Friday
They were acquired from TL Biopharmaceutical AG of Switzerland
The total income of the company increased 11% to Rs 3,906 cr
Firm eyes Euro 1 bn revenue in the continent, seeks to hike market share to 3% from 2% currently
The Portuguese acquisition should rub off positively on the stock
To become leader in Portugal's generic drugs market
Acquisition includes Generis' facility in Amadora which can manufacture 1.2 bn tablets annually
FDA observations, lawsuit impact to be negligible while earnings momentum is expected to continue
The plant is used for manufacturing of active pharmaceutical ingredients
Both companies intend to ensure continuity of the supply of the products to the market
Even as revenue growth may soften due to high base, rising operating profit margin bodes well for firm
Company's income from operations grew 12.19% to Rs 3775.45 crore
ViiV Healthcare, Aurobindo Pharma signed an agreement allowing Aurobindo to supply Dolutegravir 50 mg in 92 licensed countries
The stock up 4% to Rs 842 after the company has received the tentative approval of Dolutegravir 50mg from USFDA for the treatment of HIV.
The company has already 20 products in the US market under OTC segment