Zydus Cadila receives tentative approval from the USFDA for Ibrutinib Tablets

Zydus Cadila has received tentative approval from the USFDA to market Ibrutinib Tablets, in the strengths of 140 mg, 280 mg, 420 mg and 560 mg (US RLD: Imbruvica Tablets). Ibrutinib belongs to a class of drugs known as kinase inhibitors and is used to treat certain cancers, such as mantle cell lymphoma or marginal zone lymphoma, chronic lymphocytic leukemia/small lymphocytic lymphoma, and Waldenstrom's macroglobulinemia.

The drug will be manufactured at the group's formulation manufacturing facility at the SEZ, Ahmedabad. The group now has 319 approvals and has so far filed over 400 ANDAs since the commencement of the filing process in FY 2003-04.

Shares of CADILA HEALTHCARE LTD. was last trading in BSE at Rs.622.75 as compared to the previous close of Rs. 639.5. The total number of shares traded during the day was 263809 in over 5918 trades.

The stock hit an intraday high of Rs. 639.55 and intraday low of 615. The net turnover during the day was Rs. 164729140.

Source : Equity Bulls

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