Caplin Steriles gets USFDA approval for Milrinone Lactate Injection

Caplin Point Laboratories Limited (BSE: CAPPL (524742), NSE: CAPLIPOINT) Caplin Steriles Limited (Caplin), a Subsidiary Company of Caplin Point Laboratories Limited, has been granted final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Milrinone Lactate Injection USP, 10 mg/10 mL (1 mg/mL), 20 mg/20 mL (1 mg/mL), 50 mg/50 mL (1 mg/mL), Single-dose vial presentation, a generic therapeutic equivalent version of (RLD), PRIMACOR Injection, 1 mg/mL, of Sanofi-Aventis U.S. LLC.

Milrinone lactate injection is indicated for the short-term intravenous treatment of patients with acute decompensated heart failure. According to IQVIA™ (IMS Health), Milrinone Lactate Injection had US sales data of approximately $24 million for the 12-month period ending Dec 2020, for both the Vial and Bag presentations, the latter of which is under development at Caplin Steriles.

Mr. C. C. Paarthipan, Chairman of Caplin Point Laboratories Limited commented "We're expecting approvals for 3 more products this Quarter and we're working on launches for 9 products in the next few months from the site."

Shares of CAPLIN POINT LABORATORIES LTD. was last trading in BSE at Rs.467.15 as compared to the previous close of Rs. 451.4. The total number of shares traded during the day was 4636 in over 464 trades.

The stock hit an intraday high of Rs. 471.85 and intraday low of 453. The net turnover during the day was Rs. 2143282.

Source : Equity Bulls

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