Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Laurus Labs and Aspen Pharmacare launch an improved triple combination HIV drug in South Africa

Posted On: 2018-12-02 08:30:58

Laurus Labs, a leading integrated pharmaceutical company in India with presence across the globe and partner, Aspen Pharmacare, South Africa's leading pharmaceutical company, have launched a new HIV drug with the triple combination of Tenofovir Disoproxil Fumarate, Lamivudine and Dolutegravir (TLD) in South Africa on 26 November 2018.

Earlier, Aspen Pharma received approvals for the dossier where Aspen Port Elizabeth and Laurus Labs Visakhapatnam are registered as manufacturing facilities, from the South African Health Products Regulatory Authority (SAHPRA). Named Emdolten™, the product provides significant benefits to existing therapies, including countering drug resistance that often develops with older HIV treatments. This once-a-day triple combination tablet is positioned to become a preferred first-line ARV choice in multiple markets. It will be available in 50mg/300mg/300mg dosages.

As part of the partnership, Aspen launched the product in South Africa for the private market and Laurus Labs will supply the API, from its manufacturing facility located in Jawaharlal Nehru Pharma city, Visakhapatnam, India. This state-of-the-art facility is approved by USFDA.

Dr. Satyanarayana Chava, Founder and CEO, Laurus Labs said, "we convey our best wishes to our partner Aspen Pharma on the new product launch and we are happy to contribute to the treatment of millions of HIV patients across the globe through our fully integrated and the state of the art manufacturing facilities. I am sure that the new triple combination drug will contribute to the successful treatment of patients affected by HIV and AIDS."

Stavros Nicolaou, Senior Executive for Aspen Pharmacare stated "The Aspen Pharmacare and Laurus Labs intervention is one with an outstanding track record that has delivered millions of patient treatment packs to HIV infected patients on the African continent, Laurus Labs supplying the API and Aspen the ARV formulation. Through Emdolten™, which provides the latest ARV triple cocktail, cutting edge technology, many hundreds and thousands of patients will continue to benefit from the Aspen/Laurus intervention."

Shares of Laurus Labs Ltd was last trading in BSE at Rs.383 as compared to the previous close of Rs. 375.75. The total number of shares traded during the day was 2589 in over 103 trades.

The stock hit an intraday high of Rs. 386 and intraday low of 378. The net turnover during the day was Rs. 992502.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Zydus receives approvals from the USFDA for Albendazole Tablets and Pregabalin Capsules

Datamatics to demerge and separately list its subsidiary Lumina Datamatics

Future Consumer Ltd completes sale of stake in Amar Chitra KathaIBrivate Limited

Infosys Ltd board to announce Q3 FY19 results on Jan 11, 2019

United Bank of India to seekk approval for raising Rs. 3000 crore

DBL Rewa Sidhi Highways Private Limited receives appointed date from NHAI

Wipro Positioned as a Leader in Everest Group PEAK Matrix™ for Application Services in Capital Markets

Solara Research Centre completes USFDA Inspection with Zero 483s

Satin Creditcare Network Ltd allots 2130 NCDs

Mitsu Chem Plast Ltd commences new facility

Premier Explosives Ltd enters into MoA with IAF

TV Today Network Ltd launches 'Aaj Tak HD' News Channel

Gujarat Ambuja Exports Ltd to put up green field plant at Malda, West Bengal

Satin Creditcare raises US$ 30 mn NCD from FMO to accelerate microfinance lending portfolio

Gayatri Projects Ltd JV bags new order of Rs. 493 crore

NIIT Ltd. appoints Bimaljeet Singh Bhasin as President - Skills and Careers Business India Operations

Indian Hume Pipe Company Ltd receives two LOAs for orders worth Rs. 234.11 crores

Caprihans India Ltd announces resignation of Mr. Mohan H. Bhandari

Caprihans India Ltd appoints additional director

The Ramco Cements Limited lays foundation stone for 3.15 MTPA cement plant at Kalavatala, Kurnool district

Religare Health Insurance recognized as one of the brands making healthcare accessible

Walchand PeopleFirst Launched CommunityFirst Initiative To Celebrate Its 15th Anniversary

Asirvad Microfinance achieves a milestone of reaching Rs 3,000 crore micro-finance AUM

DLF Shopping Malls Announces the First Ever Food Excellence Awards 2018

JK Cement salutes the unsung heroes of India at JK Cement SwachhAbility Awards

Ind-Ra upgrades credit rating of Escorts Ltd

City Union Bank new branch at Nelson Manickam Road, Chennai

Infosys announces JV with Hitachi, Panasonic and Pasona in Japan

TVS Motor Company expands and strengthens its presence in Peru with three new product launches

Escorts Ltd launches new range of Construction Equipment at Bauma CONEXPO 2018

IL&FS Transportation Networks Ltd appoints Ms. Shaivali Parekh as CFO

DBL Rewa Sidhi Highways Private Limited receives financial closure letter from NHAI

Reliance Capital Ltd's arm sells stake in Menon & Menon Ltd for Rs. 23 crore

Adani Enterprises arm acquires stake in Alpha Design Technologies Pvt Ltd

Khadim India Ltd allots 4417 shares

CARE updates on ratings of Himadri Speciality Chemical Ltd

Dhunseri Petrochem Ltd is now Dhunseri Ventures Ltd

IOC declares interim dividend of Rs. 6.75 for 2018-19

Premier Explosives Ltd bags order from Israel Company

Advanced Enzyme Technologies Ltd bags award in UBM India Pharma Awards 2018

CARE revises ratings on bank facilities of Dilip Buildcon Ltd

Jain Irrigation bags order of Rs. 584 crores

IOC announces buy back of 29,76,51,006 equity shares at Rs. 149

Lupin receives tentative US FDA approval for Dimethyl Fumarate Delayed Release Capsules, 120 mg and 240 mg

YES BANK updates on today's board meeting

Techno Electric & Engineering Company Ltd approves buy-back of 26,82,400 shares

Ganesh Films India Ltd acquires North India distribution rights for 'KANAA'

TVS Motor Company rolls out the 50,000 unit of the BMW 310cc series motorcycle

Maruti Suzuki receives 'Commendation for Significant achievement' at CII-ITC Sustainability Awards'18

Steel Strips Wheels Ltd receives 90,000 Truck Wheel Order







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018