Zydus receives final approval from the USFDA for Tavaborole Topical Solution, 5%

Zydus Lifesciences Limited (including its subsidiaries/affiliates, hereafter referred to as "Zydus") has received final approval from the United States Food and Drug Administration (USFDA) to manufacture and market Tavaborole Topical Solution, 5% (USRLD: Kerydin® Topical Solution).

Tavaborole topical solution is indicated to treat fungal toenail infections (infections that may cause nail discoloration, splitting, or pain). The drug will be manufactured at the group's topical manufacturing facility at Changodar, Ahmedabad (India).

Tavaborole Topical Solution, 5% had annual sales of USD 3.1 mn in the United States (IQVIA MAT Feb. 2023).

The group now has 361 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. 496.50 as compared to the previous close of Rs. 494.00. The total number of shares traded during the day was 25443 in over 1275 trades.

The stock hit an intraday high of Rs. 499.90 and intraday low of 492.40. The net turnover during the day was Rs. 12637063.00.

(*as of 31st December 2022)

Source : Equity Bulls

Keywords

ZydusLifesciences INE010B01027 Pharmaceuticals USFDA FinalApproval TavaboroleTopicalSolution