Markets
BSE See NSE See 27,257.64
21.98 (0.08%)
collapse Related Readings collapse

Aurobindo Pharma Gets USFDA Approval For Generic Diovan HCT

By Shrikant Akolkar | 3/22/2013 3:42 PM Friday

Aurobindo Pharma has reported receiving final approval for the Valsartan and Hydrochlorothiazide tablets (brand name Diovan HCT held by Novartis). The drug is indicated in the treatment of hypertension to lower blood pressure. The market size of this drug is USD 1.7 billion (Rs 9350 crore) as per the company’s BSE filings. Aurobindo has said that the product is ready for launch and that this will happen soon.

Drug major Mylan has already launched an authorised generic version of this drug in USA. We believe that Aurobindo is the first to launch the generic of this drug considering that Mylan’s was an authorised generic.

We spoke to the company spokesperson, who declined to comment on the pricing and market share of the drug. However, he did say that the company expects to see about 3-4 generic players in the market. Considering this, about 20% market share looks achievable for Aurobindo. Since it is the first to launch, there would not be a massive erosion of price initially. However, as the drug has already fallen out of patent cover, new players would try to enter the market as faster as possible. Once other companies start launching their versions of the drug, the price will go down.

Considering 80% price erosion and 10% market share for Aurobindo, it can be estimated that the company may achieve revenues of about Rs 700 crore from the drug. Of course, these numbers are based on the assumption that the company makes the best of this opportunity.

With this approval, Aurobindo Pharma has a total of 181 ANDA approvals from USFDA, of which 156 are final and 25 are tentative approvals.

Find More Articles on: Markets, DSIJ Mindshare, Product, Large Cap

DSIJ
Mindshare

BSNL rolls out 1000 WIFI hotspots to counter 4G challenge

BSNL rolls out 1000 WIFI hotspots to counter 4G challenge

Amid the saga of revolutionary launch of Reliance Jio, the state-owned PSU, Bharat Sanchar Nigam Limited (BSNL) is all set to launch around 1000 high speed WIFI hotspots across the state of Kerala, the CGM of Kerala BSNL Circle announced in Thiruvananthapuram. He said, "This will be launched in a month and would give better speed than 4G."

Overnight Digest- Stocks to look out for on January 19

Overnight Digest- Stocks to look out for on January 19

The stocks which could see a significant movement either side on January 19 are KPIT Technologies, Sasken Communication, Alembic, Axis Bank, Yes Bank, DB Corp, Federal Bank, Ujjivan Financial Services, Yes Bank, Cipla, PNB and Tata Group stocks.

Q3FY17 Result : KPIT Technologies Ltd.

Q3FY17 Result : KPIT Technologies Ltd.

KPIT Technologies total sales for the December 2016 quarter came in at Rs 830.6 crore. This represents a 0.04 per cent sequential decline and 2.14 per cent YoY increase.

Trident stocks tumbles at 4.9 percent in Q3

Trident stocks tumbles at 4.9 percent in Q3

Trident, a manufacturer of terry towel, yarn and wheat straw-based paper, posted Q3FY17 results on January 18, 2017. Despite a positive opening, the stock tumbled at 4.9 per cent.

Metals shine to keep markets in the green

Metals shine to keep markets in the green

Indian capital markets opened on positive note, but the day’s gains were erased at the close of Wednesday’s session. Nifty rose above the 8450 level but could not sustain it on intra-day basis.

Pankaj Patel's Cadila receives approval from USFDA, stock sizzles

Pankaj Patel's Cadila receives approval from USFDA, stock sizzles

One of the leading pharmaceutical companies in India and also a global healthcare provider, Ahmedabad-based Zydus Cadila Healthcare has received a final approval from the US Food and Drug Administration (USFDA) to market Methotrexate Tablets USP, 2.5 mg.

Cabinet approves listing of public sector general insurance companies

Cabinet approves listing of public sector general insurance companies

The Cabinet of the Narendra Modi government approved on Wednesday listing of public sector general insurance companies through fresh equity, or through offer of sale or a mix of both. The news came in the middle of a market that remained in the green throughout the day.

Sterlite Technologies Ltd puts up stellar performance in Q3FY17.

Sterlite Technologies Ltd puts up stellar performance in Q3FY17.

Sterlite Technologies Ltd. reported its results for the quarter ended December 31, 2016 during market hours today. The company's total sales for Q3FY17 at Rs 732 crore represent a 32.85 per cent sequential increase and 22.82 per cent YoY increase.

Strengthening Tata's passenger car portfolio, Hexa hits the road

Strengthening Tata's passenger car portfolio, Hexa hits the road

The multinational automotive manufacturing company and a member of the Tata Group, the Tata Motors has launched its new flagship model, known as 'Tata Hexa' in India on January 18. The Hexa had been on Tata's drawing board for quite some time and has been designed by studios of three countries.

Quarterly Results: Phillips Carbon Black Ltd.

Quarterly Results: Phillips Carbon Black Ltd.

The standalone numbers showed robust growth on a sequential basis and stupendous growth when compared to the year ago period. The company's stock, which opened for trading at Rs. 255 on the BSE, has risen by 1.41 per cent after the results were declared and is currently trading around the Rs 255-mark.

Market
CHIT CHAT

What is your view on markets today?

200  Characters Remaining.
Please LOGIN  to post your comments or Click here to go back.
Sanjay Kumar Jan 18 06:55PM
Buy infosys@950 in bulk
kumar aditya Jan 18 06:51PM
hey i m a new trader . i just want to ask that i had purchased sun pharma stock yesterday but it was sold automatically today . why? how can i purchase and retain my stock as it as for sometime..
Sachin Kabs Jan 18 03:56PM
I AM BACK
mohan thakre Jan 18 03:15PM
buy century text
Beept fleck Jan 18 02:48PM
@varun which scrip?

news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »