Aurobindo gets provisionary approval to produce Sumatriptan Succinate Tablets

Submitted by Nalin Grover on Fri, 02/01/2008 - 15:04

Aurobindo Pharma Ltd has got provisionary approval to develop and market the Sumatriptan Succinate Tablets in dosage of 25mg, 50mg and 100mg. The company got approval from the US Food & Drug Administration. This is the 63rd ANDA approval from the USFDA of the Pharmaceutical major.

These tablets will be tantamount to the GlaxoSmithKlines Imitrex® Tablets, and will be helpful for the treatment of acute migraine headaches.

Sumatriptan Succinate tablets have registered a net sale figure of USD 950 million in the United States for the past year.

Aurobindo Pharma has registered a net profit of Rs 229 crores for the year ended March 2007 and Rs 55 Crores quarter ended December 2007. The stock was marginally up in early trades on Friday.


Tagged with

Miscellaneous

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

© Copyright 2010