{"id":114601,"date":"2023-11-29T15:15:24","date_gmt":"2023-11-29T09:45:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114601"},"modified":"2023-11-29T15:15:27","modified_gmt":"2023-11-29T09:45:27","slug":"pharma-stock-jumps-after-receiving-usfda-approval-for-a-drug-which-has-a-market-size-of-274-8-mil","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-after-receiving-usfda-approval-for-a-drug-which-has-a-market-size-of-274-8-mil\/","title":{"rendered":"Pharma stock jumps after receiving USFDA approval for a drug which has a market size of $274.8 Mil"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2315814756\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this pharmaceutical gained up to 1.31 after the company announced that it has received final approval from the US Food &amp; Drug Administration (USFDA) to manufacture and market Darunavir Tablets.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2452601237\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 59,830.19 Crores. Aurobindo Pharma Ltd, On Wednesday, The shares were trading at Rs 1,021.10 a share, an increase of 0.34 percent from the previous closing price.&nbsp;<\/p><p>According to the company filing, Aurobindo Pharma Ltd announced that it has received final approval from the US Food &amp; Drug Administration (USFDA) to manufacture and market Darunavir Tablets, Prezista Tablets, 600 mg and 800 mg, of Janssen Products, which are bioequivalent and therapeutically.&nbsp;<\/p><p>In addition to the paragraph above, IQVIA estimates that the approved product&#8217;s market size will be US $ 274.8 million for the year ending in October 2023. As of right now, Aurobindo has received 500 ANDA approvals from the USFDA (478 final approvals and 22 tentative approvals).\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-699507574\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Darunavir tablets are recommended for the treatment of HIV-1 infection in adults and pediatric patients three years of age and older when combined with other antiretroviral medications.&nbsp;<\/p><p>Aurobindo Pharma&#8217;s emphasis on growing the API business has resulted in notable advancements and accomplishments for FY23. The company is happy to announce that its total API revenue increased by 9.5% year over year to \u20b93,848 crore.&nbsp;<\/p><p>Looking into the company&#8217;s performance, Aurobindo Pharma Ltd&#8217;s revenue increased by 25.7 percent from Rs 5,739 Crore in Q2FY23 to Rs 7,219 Crore in Q2FY24. During the same period, net profits increased by 83 percent from Rs 410 crore to Rs 752 crore.&nbsp;<\/p><p>Manufacturing and selling active ingredients for pharmaceuticals, generic medications, and associated services are the main business activities of Aurobindo Pharma.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3807679955\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this pharmaceutical gained up to 1.31 after the company announced that it has received final approval from the US Food &amp; Drug Administration (USFDA) to manufacture and market Darunavir Tablets.&nbsp; With a market capitalization of Rs 59,830.19 Crores. Aurobindo Pharma Ltd, On Wednesday, The shares were trading at Rs 1,021.10 a share, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9217,14766,9216,948,936],"class_list":["post-114601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-aurobindo-pharma-latest-news","tag-aurobindo-pharma-new-drug","tag-aurobindo-pharma-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharma stock jumps after receiving USFDA approval for a drug which has a market size of $274.8 Mil - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this pharmaceutical gained up to 1.31 after the company announced that it has received final approval from the US Food &amp; Drug Administration (USFDA) to manufacture and market Darunavir Tablets.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-after-receiving-usfda-approval-for-a-drug-which-has-a-market-size-of-274-8-mil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharma stock jumps after receiving USFDA approval for a drug which has a market size of $274.8 Mil\" \/>\n<meta property=\"og:description\" content=\"The shares of this pharmaceutical gained up to 1.31 after the company announced that it has received final approval from the US Food &amp; Drug Administration (USFDA) to manufacture and market Darunavir Tablets.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-after-receiving-usfda-approval-for-a-drug-which-has-a-market-size-of-274-8-mil\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-29T09:45:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-29T09:45:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pharma03.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-after-receiving-usfda-approval-for-a-drug-which-has-a-market-size-of-274-8-mil\/\",\"url\":\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-after-receiving-usfda-approval-for-a-drug-which-has-a-market-size-of-274-8-mil\/\",\"name\":\"Pharma stock jumps after receiving USFDA approval for a drug which has a market size of $274.8 Mil - 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