Zydus Cadila receives final approval from the USFDA for Sevelamer Carbonate Tablets

Zydus Cadila has received final approval from the USFDA to market Sevelamer Carbonate Tablets (US RLD - Renvela Tablets) in the strength of 800 mg.

The drug is a phosphate binder and is used to control phosphorus levels in people with chronic kidney disease who are on dialysis. It helps prevent hypocalcemia (low levels of calcium in the body) caused by elevated phosphorus. The drug will be manufactured at the group's formulation manufacturing facility at SEZ, Ahmedabad.

The group now has 296 approvals and has so far filed over 390 ANDAs since the commencement of the filing process in FY 2003-04.

Shares of CADILA HEALTHCARE LTD. was last trading in BSE at Rs.385.9 as compared to the previous close of Rs. 385.3. The total number of shares traded during the day was 285508 in over 5238 trades.

The stock hit an intraday high of Rs. 395.05 and intraday low of 385.2. The net turnover during the day was Rs. 110902255.

Source : Equity Bulls

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