Aurobindo Pharma gets nod for Donepezil HCL Tablets

Submitted by Shiela Rao on Wed, 07/29/2009 - 21:03

Aurobindo Pharma gets nod for Donepezil HCL TabletsHyderabad-based Aurobindo Pharma has informed that it has received the tentative approval for Donepezil Hydrochloride Tablets 5mg and 10mg from the US Food and Drug Administration (USFDA).

Donepezil Hydrocholoride Tablet 5mg and 10 mg is the generic equivalent to Aricept Tablets 5mg and 10mg of Eisai Medical Research Inc.

The drug is indicated for the treatment of mild, moderate, and severe dementia of the Alzheimer's type and falls under the Central Nervous System (CNS) therapeutic segment. The product has a market size of approximately US$ 1.9 billion for the twelve months ending Dec 2008 according to Newport.

With latest approval, Aurobindo now has a total of 99 ANDA approvals (70 final approval and 29 tentative approvals) from USFDA.


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