Hot Pursuit     03-Nov-22
Alembic Pharma spurts on receiving USFDA nod for Ketorolac Tromethamine Injection
Alembic Pharmaceuticals jumped 7.98% to Rs 661.05 after the company said that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Ketorolac Tromethamine Injection USP.

The pharmaceutical company said that this is the second injectable product approval from its General Sterile Facility (F-3) which was inspected in August 2022.

The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Toradol Injection of Roche Palo Alto, LLC (Roche).

Ketorolac Tromethamine is indicated for the short-term (less than or equal to 5 days) management of moderately severe acute pain in adult patients.

According to IQVIA, Ketorolac Tromethamine Injection USP has an estimated market size of $59 million for twelve months ending June 2022.

Alembic has a cumulative total of 175 ANDA approvals (151 final approvals and 24 tentative approvals) from USFDA.

Alembic Pharmaceuticals is a vertically integrated research and development pharmaceutical company. It manufactures and markets generic pharmaceutical products all over the world.

The company reported a consolidated net loss of Rs 65.88 crore in Q1 FY23 as against a net profit of Rs 164.52 crore posted in Q1 FY22. Net sales fell 4.8% year on year to Rs 1,262.14 crore in the quarter ended 30 June 2022.

Previous News
  Volumes soar at Timken India Ltd counter
 ( Hot Pursuit - 30-Nov-23   11:00 )
  Alembic Pharmaceuticals receives USFDA approval for Sacubitril and Valsartan Tablets
 ( Corporate News - 30-May-24   14:49 )
  Alembic Pharmaceuticals to discuss results
 ( Corporate News - 17-Oct-23   10:13 )
  Alembic Pharmaceuticals to table results
 ( Corporate News - 22-Jul-23   11:01 )
  Camlin Fine Sciences Ltd leads gainers in 'A' group
 ( Hot Pursuit - 30-Nov-23   12:00 )
  Volumes soar at Alembic Pharmaceuticals Ltd counter
 ( Hot Pursuit - 30-Nov-23   14:30 )
  Alembic Pharmaceuticals consolidated net profit declines 29.03% in the December 2022 quarter
 ( Results - Announcements 01-Feb-23   17:10 )
  USFDA inspects Alembic Pharmaceuticals' Karkhadi unit
 ( Corporate News - 24-Mar-23   16:33 )
  Alembic Pharma karkhadi facility gets two USFDA observations
 ( Hot Pursuit - 25-Mar-23   12:35 )
  Alembic Pharmaceuticals gets USFDA nod for hypertension drug
 ( Hot Pursuit - 29-Aug-22   11:59 )
  Alembic Pharma's Jarod facility gets five USFDA observations
 ( Hot Pursuit - 19-Dec-22   12:39 )
Other Stories
  JSW Energy arm secures LoA from SJVN
  29-Jun-24   16:45
  GE Power bags purchase orders from NTPC, MAHAGENCO
  29-Jun-24   16:05
  Cochin Shipyard arm inks contract with Norwegian company
  29-Jun-24   15:01
  Titan signs JV agreement with Rhythm Jewelry
  29-Jun-24   13:30
  BEL bags order worth Rs 3,172 crore from Armoured Vehicles Nigam
  29-Jun-24   12:44
  Orchid Pharma partners with Cipla for pan-India distribution of Cefepime-Enmetazobactam
  29-Jun-24   10:08
  Rajoo Engineers board OKs 1:1 bonus issue
  29-Jun-24   09:27
  Aditya Vision board to mull stock split proposal
  29-Jun-24   08:51
  Giriraj Civil Developers rallies on securing order worth Rs 181 crore
  28-Jun-24   16:57
  Oil India rises on appointing Rupam Barua as CFO
  28-Jun-24   15:25
Back Top