Aurobindo Pharma gained 1.68% to Rs 305.10 at 13:57 IST on BSE after the company said it has received final approval from US Food and Drug Administration for Cefazolin for injection USP 500 miligram/vial and 1gram/vival.
The company made this announcement during trading hours today, 11 August 2008.
The stock hit a high of Rs 309.50 and a low of Rs 300.10 so far during the day. The stock had hit a 52-week high of Rs 647 on 5 September 2007 and a 52-week low of Rs 233 on 22 January 2008.
The company has an equity capital of Rs 26.88 crore. Face value per share is Rs 10.
The current price of Rs 305.10 discounts its Q1 June 2008 annualised EPS of Rs 29.67, by a PE multiple of 10.28.
On 5 August 2008, Aurobindo Pharma secured final approval from US Food & Drug Administration (USFDA) to manufacture and market Alendronate sodium tablets in multiple strengths.
On 1 August 2008, the company received final approval from USFDA for its two abbreviated new drug applications for ceftriaxone injections in multiple strengths.
On 10 June 2008, the company received final approval from the USFDA to manufacture and market zaleplon capsules in 5 and 10-miligram strengths.
Aurobindo Pharma’s net profit fell 31.9% to Rs 39.87 crore on 34.9% increase in net sales to Rs 647.23 crore in Q1 June 2008 over Q1 June 2007.
Aurobindo Pharma is engaged in developing, manufacturing and marketing active pharmaceutical ingredients, intermediates and generic formulations.
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