Hot Pursuit     04-Jul-24
Zydus Life jumps on USFDA nod for BP lowering drug
Zydus Lifesciences advanced 3.89% to Rs 1,137.20 after the drug maker received tentative approval from the United States Food and Drug Administration (USFDA) to market Azilsartan Medoxomil tablets.
The approved drug is reference listed drug of Edarbi tablets. Azilsartan is an angiotensin II receptor blocker (ARB) indicated for the treatment of hypertension to lower blood pressure. Lowering blood pressure reduces the risk of fatal and nonfatal cardiovascular events, primarily strokes and myocardial infarctions. Azilsartan medoxomil tablets may be used either alone or in combination with other antihypertensive agents.

The drug will be manufactured at the group’s formulation manufacturing facility in Ahmedabad SEZ - II, India.

According to IQVIA MAT March 24, Azilsartan Medoxomil tablets had annual sales of $89 million in the United States.

The group now has 398 approvals and has so far filed over 460* ANDAs since the commencement of the filing process in FY 2003-04.

Zydus Lifesciences is a discovery-driven, global lifesciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies.

The pharma major reported consolidated net profit of Rs 1,182.3 crore in Q4 FY24 steeply higher than Rs 296.6 crore recorded in Q4 FY23. Revenue from operations jumped 10.44% to Rs 5,533.8 crore during the quarter as compared with Rs 5,010.6 crore posted in corresponding quarter last year.

Previous News
  Stock Alert: Zydus Lifesciences, Dr Reddy’s Lab, Shyam Metalics and Energy, KEC International
 ( Market Commentary - Stock Alert 26-Aug-24   08:31 )
  Market opens on firm note; breadth strong
 ( Market Commentary - Mid-Session 26-Aug-24   09:35 )
  Zydus Life gets final approval from USFDA for cancer drug
 ( Hot Pursuit - 28-Sep-24   14:42 )
  Zydus Lifesciences Ltd spurts 0.43%, up for five straight sessions
 ( Hot Pursuit - 08-Jul-24   13:01 )
  Zydus Life arm inks pact with Daewoong Pharma to market Leuprolide Acetate
 ( Hot Pursuit - 11-Dec-23   11:22 )
  Zydus announces NDA acceptance of Desidustat in China by NMPA
 ( Corporate News - 23-Apr-24   16:06 )
  Zydus' transdermal manufacturing site completes USFDA inspection
 ( Corporate News - 19-Jul-24   19:26 )
  Zydus receives USFDA approval for Enzalutamide capsules
 ( Corporate News - 28-Sep-24   14:21 )
  Zydus Lifesciences to declare Quarterly Result
 ( Corporate News - 31-Jan-24   12:07 )
  Zydus Life rises as Q2 PAT soars 53% YoY to Rs 801 cr
 ( Hot Pursuit - 07-Nov-23   15:23 )
  Zydus SEZ-2 units at Ahmedabad clears USFDA inspection
 ( Corporate News - 08-Jul-23   10:46 )
Other Stories
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
Back Top