Dr Reddy gets USFDA nod for Primidone

Submitted by Nalin Grover on Thu, 10/09/2008 - 08:11

Drug producer, Dr Reddy`s Laboratories has informed that it has received final sanction from the US Food and Drug Administration (USFDA) to sell (on prescription basis) its anti-convulsant drug Primidone, in the strengths of 15 mg/ml and 30 mg/ml.

Primidone drug is used mainly to cure complex partial, simple partials, generalized tonic-lonic seizures, myoclonic, akinetic seizures.

Recently, the company has got final approval from the US Food and Drug Administration (USFDA) to market Nabumetone tablets, in the strengths of 500 mg and 750 mg.

Stock of Dr Reddys Laboratories ended the day at Rs 465, up 3.37 percent on National Stock Exchange (NSE). The total volume of shares traded was 766,920 at the NSE.


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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.

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