Zydus Lifesciences shares gained 5 percent to touch a 52-week high of Rs 654 on July 27 after the pharma company received final approval from the United States Food and Drug Administration (USFDA) for plerixafor injection.
Zydus Lifesciences got the American health regulator's nod for 24 mg/1.2 mL (20 mg/mL) single-dose vial of plerixafor injection used by patients with certain types of cancer (non-Hodgkin's lymphoma and multiple myeloma) to prepare them for a stem-cell transplant.
The drug will be manufactured at the group’s injectable manufacturing facility in Gujarat's Ahmedabad.
The group now has 374 approvals and has far filed over 442 ANDAs since the commencement of the filing process in FY 2003-04, the company said.
Catch all market action on our Live Blog
Bayer Zydus Pharma Private Limited, a joint venture between Zydus Lifesciences and Bayer (South East Asia) PTE Limited, entered into an agreement to set up a joint venture company for marketing pharmaceutical products.
The agreement is to amend certain clauses of the joint venture agreement (JVA) to enable participation in tenders of some government institutions / public sector undertakings for some products through an affiliate entity of a JV Partner, it said.
At 1.30 pm, the share was trading at Rs 655 on the National Stock Exchange, up 5.15 percent from the previous close.
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
