Senores Pharmaceuticals acquires ANDA for Topiramate HCl 25, 50, 100 and 200 mg tablets

Senores Pharmaceuticals Limited ("SPL"), through its wholly-owned subsidiary Senores Pharmaceuticals, Inc., USA ("SPI"), has signed agreement today to acquire the USFDA-approved Abbreviated New Drug Application ("ANDA") for Topiramate HCl 25, 50, 100 and 200 mg tablets ("Topiramate") from Wockhardt Limited ("Wockhardt").

Topiramate is indicated as a treatment of epilepsy and migraine. The market size of Topiramate Tablet in the USA was ~USD 111.47 Mn (MAT December 2024)1 as per IQVIA.

The acquisition will be funded through the Initial Public Offer ("IPO") proceeds raised by SPL. This is in line with the Objects of the IPO stated in the Red Herring Prospectus.

Shares of Senores Pharmaceuticals Limited was last trading in BSE at Rs. 505.40 as compared to the previous close of Rs. 507.00. The total number of shares traded during the day was 24244 in over 937 trades.

The stock hit an intraday high of Rs. 509.70 and intraday low of 496.85. The net turnover during the day was Rs. 12179081.00.

Source : Equity Bulls

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