Alembic Pharmaceuticals Ltd Share Price – NSE  / BSE

Pharmaceuticals, Small Cap

Alembic Pharmaceuticals (Alembic) announced that it has received Final Approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Divalproex Sodium Delayed-Release Capsules USP, 125 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Depakote Sprinkle Capsules, 125 mg, of AbbVie Inc.

Divalproex Sodium is an anti-epileptic drug indicated for monotherapy and adjunctive therapy of complex partial seizures and simple and complex absence seizures; adjunctive therapy in patients with multiple seizure types that include absence seizures. Refer label for a detailed indication.

Divalproex Sodium Delayed-Release Capsules USP, 125 mg have an estimated market size of US$ 61.1 million for twelve months ending September 2024 according to IQVIA.

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The market breadth was weak. On the BSE, 1,166 shares rose and 2,775 shares fell. A total of 108 shares were unchanged.

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Sobha (down 3.66%), Brigade Enterprises (down 3.35%), Macrotech Developers (down 3.13%), Prestige Estates Projects (down 2.95%) and Raymond (down 2.42%) were the top losers. Among the other losers were Phoenix Mills (down 2.27%), DLF (down 1.91%), Godrej Properties (down 1.66%), Oberoi Realty (down 0.63%) declined

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In the commodities market, Brent crude for February 2024 settlement lost 32 cents, or 0.44% to $72.56 a barrel.

Stocks in Spotlight:

Alembic Pharmaceuticals rose 0.64%. The company announced that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Divalproex Sodium Delayed-Release Capsules.

Hindustan Construction Company declined 3.49%. The company said that its board has approved the closure of the issue for the qualified institutions placement of equity shares of the company on Thursday, 19 December 2024.

Kothari Products hit an upper circuit of 20% after the company‘s board scheduled to meet on 27 December 2024 to consider bonus issue of equity shares.

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The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Depakote Sprinkle Capsules.

Divalproex Sodium is an anti-epileptic drug indicated for monotherapy and adjunctive therapy of complex partial seizures and simple and complex absence seizures; adjunctive therapy in patients with multiple seizure types that include absence seizures.

According to IQVIA, Divalproex Sodium Delayed-Release Capsules USP, 125 mg, have an estimated market size of $61.1 million for twelve months ending September 2024.

Alembic has a cumulative total of 220 ANDA approvals (193 final approvals and 27 tentative approvals) from USFDA.

Alembic Pharmaceuticals is in the business of the development, manufacturing, and marketing of pharmaceutical products, i.e., formulations and active pharmaceutical ingredients.

The pharmaceutical company’s consolidated net profit increased 12.3% to Rs 153.41 crore in Q2 FY25 as compared to Rs 136.56 crore posted in Q2 FY24. Revenue from operations grew 3.3% year on year (YoY) to Rs 1,647.98 crore in the quarter ended 30 September 2024.

The scrip rose 0.78% to currently trade at Rs 1,058.35 on the BSE.

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Alembic Pharmaceuticals has successfully completed the Brazilian Health Regulatory Agency (ANVISA) GMP audit at active pharmaceutical ingredient (API)-II Facilty at Panelav for its 8 APIs. The inspection was conducted from 16 to 20 September 2024.

Alembic Pharmaceuticals is in the business of the development, manufacturing, and marketing of pharmaceutical products, i.e., formulations and active pharmaceutical ingredients.

The pharmaceutical company’s consolidated net profit increased 12.3% to Rs 153.41 crore in Q2 FY25 as compared to Rs 136.56 crore posted in Q2 FY24. Revenue from operations grew 3.3% year on year (YoY) to Rs 1,647.98 crore in the quarter ended 30 September 2024.

The scrip slipped 1.34% to currently trade at Rs 1,088.95 on the BSE.

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