Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
29 February, 2020 04:18 IST
Aurobindo Pharma gets nod for Esomeprazole capsules
Source: IRIS | 17 Oct, 2017, 11.38AM
Comments  |  Post Comment

Aurobindo Pharma to announce that the company has received final approval from the US Food & Drug Administration (USFDA) to manufacture Esomeprazole Magnesium Delayed-Release Capsules OTC, 20mg. Esomeprazole Magnesium Delayed-Release Capsules OTC, a therapeutic equivalent generic version of AstraZeneca's Nexium 24HR Capsules. The product will be launched immediately.

Nexium 24HR (Esomeprazole Magnesium) capsules are indicated to treat frequent heartburn (occurs 2 or more days a week). The approved product has an approximate annual sales in excess of USD 300 million, according to IRI database.
 
This is the 127 ANDA (including 23 tentative approvals) to be approved out of Unit VII formulation facility in Hyderabad, India used for manufacturing oral products. Aurobindo now has a total of 335 ANDA approvals (296 Final approvals including 16 from Aurolife Pharma LLC and 39 tentative approvals) from USFDA.

Shares of the company gained Rs 8.9, or 1.17%, to trade at Rs 766.50. The total volume of shares traded was 86,219 at the BSE (11.25 a.m., Tuesday).



Aurobindo Pharma Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
DIC India to sell Mumbai land for Rs 1.53 bn to Godrej Properties - 28-Feb-2020 16:51
DIC India to sell Mumbai land for Rs 1.53 bn to Godrej Properties - 28-Feb-2020 16:51
Pidilite Industries to acquire 70% stake in Tenax India - 28-Feb-2020 16:43
ONGC, Hindustan Petroleum buy 17.28% stake each in Petronet MHB - 28-Feb-2020 16:30
ONGC, Hindustan Petroleum buy 17.28% stake each in Petronet MHB - 28-Feb-2020 16:30
Suzlon Energy board approves proposal for restructuring of debt of Co - 28-Feb-2020 16:19
SC orders JP Associates to return to return pledged land to Jaypee - 27-Feb-2020 18:12
Thomas Cook India board approves buy-back of shares worth Rs 1.50 bn - 27-Feb-2020 18:07
TCS ranked no 1 in HFS Top 10 Retail and CPG Services report - 27-Feb-2020 17:56
CONCOR, Joint Stock Co of Russia ink MoU to promote cargo over INSTC - 27-Feb-2020 17:48
Adani Ports and Special Economic Zone incorporates overseas subsidiary - 27-Feb-2020 17:42
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer