Moneycontrol PRO
HomeNewsBusinessStocksCadila Healthcare up 4%, begins supply to US from Ahmedabad unit

Cadila Healthcare up 4%, begins supply to US from Ahmedabad unit

Zydus Cadila said it has received approval from the US Food and Drug Administration (USFDA) to market Doxycycline Capsules USP, 50 mg, 75 mg, and 100 mg. The drug falls in the anti-bacterials segment.

February 19, 2016 / 15:03 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Moneycontrol Bureau

    Shares of Cadila Healthcare rallied 4.3 percent intraday Friday as the company started supplying drugs to US from its Ahmedabad facility.

    Zydus Cadila said it has received approval from the US Food and Drug Administration (USFDA) to market Doxycycline capsules USP, 50 mg, 75 mg, and 100 mg. The drug falls in the anti-bacterials segment.

    With this first approval, the group will now commence supplies to the US market from its formulation manufacturing facility located at the SEZ in Ahmedabad, it said. The group now has 102 approvals and has so far filed over 280 ANDAs since the commencement of the filing process in FY2003-04.

    Cadila has USFDA approval for its Ahemdabad SEZ and Baddi facility while it received warning letters issued by the USFDA for Moraiya formulation and Ahmedabad API facility (Zyfine).

    Analysts feel approval for Ahmedabad SEZ reduced risk to US sales.

    At 14:34 hours IST, the scrip of Cadila Healthcare was quoting at Rs 327.50, up Rs 5.30, or 1.64 percent on the BSE.Posted by Sunil Shankar Matkar

    first published: Feb 19, 2016 03:03 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai