Granules Pharmaceuticals, Inc. receives ANDA Approval for Bupropion Hydrochloride Extended-Release Tablets

Granules India Limited announced today that the US Food & Drug Administration (US FDA) has approved the Abbreviated New Drug Application (ANDA) filed by Granules Pharmaceuticals, Inc (GPI)., a wholly-owned foreign subsidiary of the company, for Bupropion Hydrochloride Extended-Release Tablets USP (XL), 150 mg and 300 mg. It is bioequivalent to the reference listed drug product, Wellbutrin XL Extended-Release Tablets, 150 mg and 300 mg, of Bausch Health US, LLC.

Bupropion Hydrochloride is used as an antidepressant medication used to treat major depressive disorder (MDD) and seasonal affective disorder (SAD).

Commenting on the approval Ms. Priyanka Chigurupati, Executive Director, GPI, said "We are pleased to receive approval of Bupropion Hydrochloride (XL) tablet product within first review cycle of 10 months from filing date. This product will be a valuable addition to our growing modified release product portfolio in the US market. The approval stands as a testimonial for our research and project management competence."

Granules now have a total of 50 ANDA approvals from US FDA (48 Final approvals and 2 tentative approvals).

The current annual U.S. market for Bupropion Hydrochloride Extended-Release Tablets USP (XL), 150 mg and 300 mg is approximately $661 Million, according to MAT Dec 2021, IQVIA/IMS Health.

Shares of Granules India Limited was last trading in BSE at Rs. 321.25 as compared to the previous close of Rs. 310.75. The total number of shares traded during the day was 58689 in over 1609 trades.

The stock hit an intraday high of Rs. 322.55 and intraday low of 310.75. The net turnover during the day was Rs. 18701092.00.

Source : Equity Bulls

Keywords

GranulesIndia INE101D01020 GranulesPharmaceuticals BupropionHydrochloride ANDAApproval USFDA