Moneycontrol Be a Pro
Get App
Last Updated : Jul 18, 2019 01:39 PM IST | Source: Moneycontrol.com

Caplin Point climbs 4% on USFDA nod for injection to prevent excessive blood loss

The injection is available in 1000mg/10ml (1O0mg/mL) vial.

Moneycontrol News @moneycontrolcom
Representative image
Representative image
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Caplin Point Laboratories shares rallied nearly 4 percent intraday on July 18 after the US drug regulator approved injection that prevents excessive blood loss.

"Caplin Steriles Limited, a wholly owned subsidiary, has been granted final approval from the United States Food and Drug Administration for its abbreviated new drug application (ANDA) Tranexamic acid injection," the company said in its BSE filing.

The injection is available in 1000mg/10ml (1O0mg/mL) vial. Tranexamic is a generic therapeutic equivalent version of Cyklokapron injection of Pharmacia & Upjohn Company.

Close

Tranexamic acid injection is administered in patients with hemophilia for short-term use (two to eight days) to reduce or prevent hemorrhage and reduce the need for replacement therapy during and following tooth extraction.

According to IQVIA (IMS Health) data, the drug had US sales data of approximately $30 million for the 12-month period ending March 2019, company said.

Caplin Steriles has developed and filed 11 ANDAs on its own and with partners, with 5 approvals so far. The company said it is also working on a portfolio of 35 simple and complex injectable and ophthalmic products to be filed over the next 4 years.

The stock was quoting at Rs 423, up Rs 9.15, or 2.21 percent on the BSE at 1321 hours IST.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jul 18, 2019 01:39 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant