Vivimed Labs stock rises 2.44% as it receives approval for six products

It received approvals for 3 ophthalmic products from its state of the art sterile Ophthalmic facility and 3 oral liquid suspension products.

Nov 23, 2020 06:11 IST India Infoline News Service

Vivimed Labs Limited, a niche Specialty Chemicals and Pharmaceuticals company, announced today that it received approvals for 3 ophthalmic products from its state of the art sterile Ophthalmic facility and 3 oral liquid suspension products from its PICS & Health Canada approved site, both facilities are situated at Hyderabad

1. Ambroxol Hydrochloride Syrup 15mg/5ml100ml under brand name AMBRO Kid
Uses:  Ambroxol is a mucolytic agent which reduces the thickness of the sputum. It is used to treat
• Emphysema with bronchitis pneumoconiosis
• Tracheobronchitis
• Acute exacerbations of bronchitis
2. Salbutamol sulphate, Bromhexine HCI, Guaifenesin, Menthol Expectorant under brand name ASKO EXPECTORANT
Uses: Salbutamol used to treat or prevent bronchospasm in patients with asthma, bronchitis, emphysema, and other lung diseases. This medicine is also used to prevent wheezing caused by exercise (exerciseinduced bronchospasm).

Bromhexine hydrochloride is used to treat breathing difficulties caused by excessive mucus secretions in the air passages associated with respiratory tract infections.

Guaifenesin (Guaiphenesin or Glyceryl Guaiacolate) is an expectorant. It usually solves over the counter and helps treat congestion in your chest and throat by the common cold, infections, or allergies. The medicine is for a cough and cold to make it easier to cough out through your mouth.

Menthol is a topical analgesic. It works by temporarily relieving minor pain.

3. Terbutaline sulphate, Bromhexine HCI, Guaifenesin, Menthol Expectorant under brand name BROXIMED EXPECTORANT 100ML
Uses: Terbutaline is used to treat breathing ailments symptoms like shortness of breath, chest tightness, wheezing etc.

Bromhexine hydrochloride is used to treat breathing difficulties caused by excessive mucus secretions in the air passages associated with respiratory tract infections.

Guaifenesin (Guaiphenesin or Glyceryl Guaiacolate) is an expectorant. It usually solves over the counter and helps treat congestion in your chest and throat by the common cold, infections, or allergies. The medicine is for a cough and cold to make it easier to cough out through your mouth.

Menthol is a topical analgesic. It works by temporarily relieving minor pain.

4. Dorzolamide Eye drops 5ml under brand name DORZOVIV
Uses: Dorzolamide is used to treat high pressure inside the eye due to glaucoma (open angle-type) or other eye diseases (e.g., ocular hypertension).

5. Moxifloxacin eye drops Sml under brand name MOXSIVIV
Uses: Moxifloxacin is a quinolone antibiotic used to treat bacterial eye infections. 

6. Ofloxacin Eye Drops Sml under brand name ZENOFLOKS
Uses: Ofloxacin is a quinolone antibiotic used to treat bacterial eye infections


Commenting on the Approvals, Ramesh Krishnamurthy, CEO of Vivimed Labs Ltd said, "These 6 approvals mark yet another significant milestone for increasing the exports of Vivimed own brands to multiple countries. Vivimed shall be launching 10+ new products in 03/04 FY 2021. Our purpose is to market innovative & top quality formulations at affordable prices. The approvals are testimony to Vivimed's growth strategy" . 

Vivimed was trading at Rs16.80 per piece up by Rs0.4 or 2.44% from its previous closing of Rs16.40 on the BSE, at around 11.40am.

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