Hot Pursuit     01-Apr-24
Alembic Pharma rises on USFDA nod for breast cancer drug
Alembic Pharmaceuticals advanced 2.94% to Rs 1,011.20 after it received tentative approval from the US Food & Drug Administration (US FDA) for Ribociclib tablets.
The approved drug is generic equivalent to the Kisqali tablets of Novartis Pharmaceuticals Corporation.

Ribociclib tablets are indicated for the treatment of adult patients with hormone receptor (HR)-positive, human epidermal growth factor receptor 2 (HER2)- negative advanced or metastatic breast cancer in combination with an aromatase inhibitor or fulvestrant as initial endocrine-based therapy.

Alembic has a cumulative total of 197 ANDA approvals (170 final approvals and 27 tentative approvals) from USFDA.

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

The company’s consolidated net profit increased jumped 48.01% to Rs 180.45 crore despite of 8.05% fall in revenue from operations to Rs 1,630.57 crore in Q3 FY24 over Q3 FY23.

Previous News
  Alembic Pharmaceuticals consolidated net profit rises 11.70% in the June 2024 quarter
 ( Results - Announcements 08-Aug-24   15:21 )
  Alembic Pharmaceuticals receives USFDA final approval for Albendazole Tablets
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  Alembic Pharma gets tentative USFDA nod for Selexipag injection
 ( Hot Pursuit - 15-Jul-24   10:35 )
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 ( Corporate News - 04-Jan-22   11:23 )
  Alembic Pharmaceuticals receives USFDA approval for Diclofenac Sodium Topical Gel, 3%
 ( Corporate News - 29-Jul-22   10:43 )
  Board of Alembic Pharmaceuticals recommends final dividend
 ( Corporate News - 06-May-23   09:20 )
  Aleor Dermaceuticals receives USFDA tentative approval for Efinaconazole Topical Solution
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 ( Corporate News - 23-Nov-21   13:37 )
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