ZIM Laboratories Limited, a pharmaceutical company which manufactures differentiated generic products based on R&D and innovative process technologies has announced that AEPMS - The Spanish Agency for Medicine and Healthcare Products has granted Marketing Authorisation for it's innovative product "Sildenafil 50 mg" ODS in Spain to it's wholly owned European Subsidiary - SIA ZIM Laboratories Limited.
ZIM Labs is a pioneer in developing Oral Thin Films ("OTF") an innovative and novel drug delivery dosage form. The above product is developed using patented Thinoral® technology, which yields instantly wettable, rapidly dissolving, and stable orally dissolving films.
The conventional dosage form such as tablet and capsule are difficult to administer, may poses choking hazards and unfriendly to patient convenience. Against the odds of drug intake, oral thin film dissolves instantly after placing on the tongue and results in faster action. Unique features of OTFs and it's flexibility offers unparalleled convenience in drug handling and administration.
According to various global research institutions, the market of sildenafil is expected to gain healthy growth in the forecast period of 2021 to 2028.Rising adoption of sedentary lifestyle and increasing incidence of lifestyle diseases are further anticipated to fuel the growth.
Dr. Anwar Daud, Chairman & Managing Director of ZIM Laboratories, gladly commented on the authorization, "The marketing approval for Sildenafil Oral Thin Films can be viewed as a further assurance that ZIM laboratories with it's R&D capabilities and high quality manufacturing standards can become a promising partner for the overseas clients who look for the cost effective innovative drug delivery solutions to meet global market challenges and cater the needs of patients and medical professionals".
Shares of Zim Laboratories Ltd was last trading in BSE at Rs. 190.00 as compared to the previous close of Rs. 187.00. The total number of shares traded during the day was 1686 in over 36 trades.
The stock hit an intraday high of Rs. 195.00 and intraday low of 178.00. The net turnover during the day was Rs. 310512.00.