Alembic Pharmaceuticals announces USFDA Tentative Approval for Bosutinib Tablets, 100 mg and 500 mg.

Alembic Pharmaceuticals Limited (Alembic) today announced that it has received tentative approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Bosutinib Tablets, 100 mg and 500 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Bosulif Tablets, 100 mg and 500 mg, of PF Prism C.V. (PF Prism). Bosutinib tablets are indicated for the treatment of a certain type of leukemia called Philadelphia chromosome-positive chronic myelogenous leukemia. Refer label for a detailed indication.

Bosutinib Tablets, 100 mg and 500 mg have an estimated market size of US$ 275 million for twelve months ending March 2024 according to IQVIA.

Alembic has a cumulative total of 206 ANDA approvals (179 final approvals and 27 tentative approvals) from USFDA.

Shares of Alembic Pharmaceuticals Limited was last trading in BSE at Rs. 876.40 as compared to the previous close of Rs. 879.60. The total number of shares traded during the day was 8439 in over 1312 trades.

The stock hit an intraday high of Rs. 900.00 and intraday low of 871.00. The net turnover during the day was Rs. 7455751.00.

Source : Equity Bulls

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AlembicPharmaceuticals INE901L01018 TentativeApproval USFDA ANDA BosutinibTablets