The product, as the first generic, will be launched shortly in the USA market.
The Lanthanum Carbonate Chewable Tablets are generic equivalents of Shire Development LLC’s Fosrenol Chewable Tablets and are indicated to reduce serum phosphate in patients with End Stage Renal Disease (ESRD).
Fosrenol Chewable Tablets has US sales of USD 122.4 million (Rs 785 crore), as per latest data provided by IMS. Lupin and Natco had entered into an agreement on September 1, 2008 to jointly commercialise generic equivalents of Fosrenol Chewable Tablets.
Meanwhile, the stock ended higher by 5.48% at Rs 741 per share on BSE.
Natco Pharma Ltd ended at Rs 739.3, up by Rs 36.8 or 5.24% from its previous closing of Rs 702.5 on the BSE.
The scrip opened at Rs 710 and touched a high and low of Rs 746 and Rs 707.55 respectively. A total of 1326377(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 12245.12 crore.
The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 1080 on 09-Jun-2017 and a 52 week low of Rs 495 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 986.55 and Rs 671.25 respectively.
The promoters holding in the company stood at 51.16 % while Institutions and Non-Institutions held 27.06 % and 21.78 % respectively.
The stock traded below its 50 DMA.
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