Sun Pharmaceutical gets USFDA nod for Oxycodone HCL tablets

Submitted by Sumeet Verma on Mon, 04/13/2009 - 14:18

Sun, FDADrug firm Sun Pharmaceutical Industries has informed that the US health regulator Food & Drug Administration (FDA) has finally granted its subsidiary an approval for its Abbreviated New Drug Application (ANDA) to market oxycodone hydrochloride tablets.

The drug is a generic version of Xanodyne Pharmaceuticals' Roxicodone tablet, which is used as a narcotic painkiller in the treatment of moderate to severe pain. The company said that it would launch the products in US market shortly, in the strength of 5mg, 15mg and 30mg.

According to reports, oxycodone tablets have annual sales of approximately US$160 million in the US.

Recently, Sun Pharmaceutical got U. S. Food & Drug Administration approval to make and sell generic versions of anticonvulsant topiramate tablets.

At 3:10 pm, the shares of company were trading at Rs 1148 on BSE, up by Rs 20.90 or 1.85%. The stock hit an intraday high of Rs 1163 and low of Rs 1127.10.


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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.

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.

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