Stock Report

Zydus receives final approval from the USFDA for Sirolimus Tablets, 1 mg and 2 mg



Posted On : 2023-02-17 10:46:09( TIMEZONE : IST )

Zydus receives final approval from the USFDA for Sirolimus Tablets, 1 mg and 2 mg

Zydus Lifesciences Limited (including its subsidiaries / affiliates hereafter referred to as "Zydus") has received final approval from the United States Food and Drug Administration (USFDA) for Sirolimus Tablets, 1 mg and 2 mg (USRLD: Rapamune Tablets).

Rapamune is used to prevent rejection (anti-rejection medicine) in people 13 years of age and older who have received a kidney transplant. It is also given to treat a rare lung disorder called lymphangioleiomyomatosis which predominantly affects women of childbearing age. The drug will be manufactured at the group's formulation manufacturing facility at Moraiya.

Sirolimus Tablets had annual sales of USD 69mn in the United States (IQVIA MAT Dec. 2022).

The group now has 342 approvals and has so far filed over 440* ANDAs since the commencement of the filing process in FY 2003-04.

(*as of 31st December 2022)

Shares of Zydus Lifesciences Limited was last trading in BSE at Rs. 477.25 as compared to the previous close of Rs. 469.20. The total number of shares traded during the day was 38515 in over 1577 trades.

The stock hit an intraday high of Rs. 479.80 and intraday low of 470.00. The net turnover during the day was Rs. 18356753.00.

Source : Equity Bulls

Keywords

ZydusLifesciences INE010B01027 Pharmaceuticals FinalApproval USFDA SirolimusTablets