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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.

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DSIJ
Mindshare

IL&FS Transportation Networks shines on acquisition of equity stake

IL&FS Transportation Networks shines on acquisition of equity stake

IL&FS Transportation Networks acquires 1.02 per cent stake in Noida Toll Bridge. The company has acquired equity stake at Rs 23.5 per share for total consideration of Rs 4.46 crore. It is consolidating investment in road assets, Infrastructure, Leasing and Financial Services. After the acquisition Toll has increased from 25.35 per cent to 26.37 per cent.

L&T Infotech IPO soon on board

L&T Infotech IPO soon on board

Larsen & Toubro Infotech, an information technology arm of L&T is all set to hit the streets with its Initial Public Offering (IPO). L&T on Wednesday proposed an IPO of its subsidiary L&T Infotech where the Red Herring Prospectus filed was approved on June 28.

DLF sizzles on reports of being debt free

DLF sizzles on reports of being debt free

DLF is buzzing on bourses on Wednesday due to reports of promoters decision to wipe out DLF Ltd's debt in a two-step transaction. DLF is up by almost 8.55 per cent at Rs. 144.95 per share at 9.50 am.

Thomas Cook to be in limelight on Quess Corp IPO

Thomas Cook to be in limelight on Quess Corp IPO

Thomas Cook will likely be in the focus of June 29 trade as its subsidiary Quess Corp IPO opens today for subscription. The shares of the company in the last 8 days have rallied as much as 3 per cent on the news. However, in the last 3 months, shares have rallied by more than 13 per cent. 

Market likely to open in green

Market likely to open in green

Asian markets opened higher on Wednesday, following gains across U.S. and Europe on Tuesday. On the domestic front, A SGX Nifty 50 index future for June series is trading up by 32 points at 8,158. Indian markets are likely to open in green. However volatility in market may be seen due to F&O expiry on Thursday

Index trend and stocks in action June 29, 2016

Index trend and stocks in action June 29, 2016

The Indian benchmark indices started off the session on a positive note; however, the indices moved in sideways range for the first half of trading session. In the second half bulls showed some momentum as positive sentiments prevailed in the European market.

Overnight Digest – Stocks to look out for on June 29

Overnight Digest – Stocks to look out for on June 29

The stocks which could witness a significant movement on June 29 are Dr Reddy’s Laboratories Limited, Surya Roshni Limited, ITC Limited, JSW Steel Limited and Arrow Greentech Limited.

Bulls take the reins; FMCG, Healthcare rally

Bulls take the reins; FMCG, Healthcare rally

The Indian market has been witnessing good recovery from last couple of days, sectors like Banks, FMCG, Healthcare, Mid-caps and Small-Caps being the key gainers. The Nifty ended 33 points up at 8127 and the Sensex ended 121 points up at 26524. The global scenario also looked promising for the day.

Hinduja Leyland Finance all set for an IPO

Hinduja Leyland Finance all set for an IPO

Ashok Leyland is the stock to watch out for, once the market digests the response for Hinduja Leyland Finance - a Ashok Leyland arm, Initial Public Offer (IPO). Hinduja Leyland Finance has obtained the Securities Exchange Board of India (SEBI) approval to go for Initial Public Offering of its shares. 

RPG Life Sciences tie up with Italian firm

RPG Life Sciences tie up with Italian firm

RPG Life Sciences has forayed into the cosmetic market. The company has entered into a technical collaboration with Italian cosmetic leader Labo Cospropher.

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Rechal Sharma Jun 29 12:38PM
Yes defntly u have to valuate it....but it does not mean u sell on that point only..as market flacuate so than it depends on perception abt how things going.......technically & fundamentaly
jackpot calls Jun 29 12:38PM
intraday-buy heromoto, godrejcp, jubilant food
Suraj Thorat Jun 29 12:34PM
So do you mean its better to valuate a stock before investing in it and once you have come to a proper valuation you shouldnt change your valuation till you sell it??
Rechal Sharma Jun 29 12:31PM
First & very basic rule of market dont be greedi....if u r getting profit get it and exit...if u r making loss take it exit...dnt wait for more profit and more loss..thats depend on ur risk capacity..
Suraj Thorat Jun 29 12:30PM
I used to put sl price on sugar stocks with just a 10 paisa difference.Then it increased i would buy more stocks.it worked and i earned back then.Now it doesnt work.