Unichem Laboratories share price rose over 7 percent in the early trading hours on December 3 after its schizophrenia pill received approval from the US Food and Drug Administration (USFDA).
“Unichem Laboratories has received ANDA approval for its Aripiprazole Tablets USP, 2 mg, 5 mg, 10 mg, 15 mg, 20 mg, and 30 mg from the United States Food and Drug Administration to market a generic version of Abilify Tablets, 2 mg, 5 mg, 10 mg, 15 mg, 20 mg, and 30 mg, of Otsuka Pharmaceutical Company Ltd,” the company said in a statement.
Aripiraprazole tablets are indicated for schizophrenia and irritability associated with autistic disorders. The product will be commercialised from Unichem’s Ghaziabad plant.
At 9:22am, Unichem Laboratories was quoting at Rs 234.45, up Rs 11.20, or 5.02 percent, on the BSE.