Hot Pursuit     31-Aug-23
Ajanta Pharma gains after receiving USFDA approval for Topiramate capsules
Ajanta Pharma rallied 3.03% to Rs 1,780.85 after the company received final approval from the US Food and Administration (USFDA) to market Topiramate extended-release capsules, 25 mg, 50 mg, 100 mg and 200 mg.
Topiramate is the generic version of Supernus Pharmaceuticals Inc's Trokendi XR. As per the settlement with the innovator, Ajanta can launch Topiramate on 01 February 2026 or earlier under certain circumstances.

Topiramate is used alone or with other medications to prevent and control seizures (epilepsy). This medication is also used to prevent migraine headaches.

Ajanta has received 50 final ANDA approvals, out of which 41 are commercialized. Ajanta also holds 2 tentative approvals and 22 ANDAs are awaiting USFDA approvals.

Ajanta Pharma is a specialty pharmaceutical formulation company having branded generic business in India and emerging markets, generic business in US and institution business in Africa.

The company's consolidated net profit jumped 19% to Rs 208.12 crore on 7.4% increase in net sales to Rs 1021.04 crore in Q1 FY24 over Q1 FY23.

Previous News
  Ajanta Pharma fixes record date for interim dividend and special dividend
 ( Market Beat - Reports 27-Jul-23   16:03 )
  Volumes jump at Ajanta Pharma Ltd counter
 ( Hot Pursuit - 03-May-24   11:00 )
  Ajanta Pharma
 ( Results - Analysis 27-Jul-23   17:47 )
  Ajanta Pharma
 ( Results - Analysis 10-May-22   16:35 )
  Ajanta Pharma consolidated net profit rises 19.18% in the June 2023 quarter
 ( Results - Announcements 27-Jul-23   16:40 )
  Ajanta Pharma gains after receiving USFDA approval for Topiramate capsules
 ( Hot Pursuit - 31-Aug-23   09:32 )
  Ajanta Pharma to declare Quarterly Result
 ( Corporate News - 23-Jan-21   14:03 )
  Indices pare all early gains; metal shares rally for 2nd day
 ( Market Commentary - Mid-Session 03-May-24   10:36 )
  Ajanta Pharma consolidated net profit rises 64.23% in the December 2020 quarter
 ( Results - Announcements 02-Feb-21   17:50 )
  Neuland Laboratories Ltd Spurts 8.97%, S&P BSE Healthcare index Rises 1.07%
 ( Hot Pursuit - 03-Feb-21   09:30 )
  Ajanta Pharma AGM scheduled
 ( Corporate News - 04-Jun-21   10:55 )
Other Stories
  RVNL gains on emerging as L-1 bidder for Rs 133-cr railway project
  03-Jul-24   15:38
  Cholamandalam Financial Holdings Ltd leads losers in 'A' group
  03-Jul-24   15:00
  Sakuma Exports Ltd leads losers in 'B' group
  03-Jul-24   14:45
  NTPC power generation climbs 9.5% YoY in Q1
  03-Jul-24   14:41
  Volumes soar at MMTC Ltd counter
  03-Jul-24   14:30
  Oil and Gas shares fall
  03-Jul-24   14:00
  Real Estate stocks edge lower
  03-Jul-24   14:00
  Energy stocks edge lower
  03-Jul-24   14:00
  Sundaram-Clayton gains after board OKs to raise funds upto Rs 400 cr
  03-Jul-24   13:38
  JSW Infra's subsidiary concession agreement V.O. Chidambaranar Port Authority
  03-Jul-24   13:34
Back Top