Zydus receives tentative approval from the USFDA for Gabapentin Tablets, 300 mg and 600 mg

Zydus Lifesciences Limited's (including its subsidiaries/affiliates hereafter referred to as "Zydus") subsidiary Zydus Pharmaceuticals (USA) Inc. has received tentative approval from the United States Food and Drug Administration (USFDA) for Gabapentin Tablets (Once-Daily), 300 mg and 600 mg (USRLD: Gralise® Tablets).

Gabapentin tablets are indicated for the management of Postherpetic Neuralgia (PHN). The drug will be manufactured at the group's formulation manufacturing facility at Moraiya.

Gabapentin Tablets had annual sales of USD 90 mn in the United States (IQVIA MAT Dec. 2022).

The group now has 343 approvals and has so far filed over 440* ANDAs since the commencement of the filing process in FY 2003-04.

Shares of Cadila Healthcare Limited was last trading in BSE at Rs. 470.55 as compared to the previous close of Rs. 477.25. The total number of shares traded during the day was 18232 in over 1204 trades.

The stock hit an intraday high of Rs. 478.85 and intraday low of 469.25. The net turnover during the day was Rs. 8627714.00.

(*as of 31st December 2022)

Source : Equity Bulls

Keywords

ZydusLifesciences INE010B01027 USFDA TentativeApproval ZydusPharmaceuticalsUSAInc GabapentinTablets