Zydus Lifesciences bags PAS approval to market Mycophenolate Mofetil

21 Mar 2022 , 09:29 AM

The injection will be manufactured at the groups injectables manufacturing facility at Jarod near Vadodara in Gujarat. The Prior Approval Supplement (PAS) was for a site transfer into the Jarod site. This site was recently inspected by the USFDA. Earlier, in September 2017, the group was granted approval to market Mycophenolate Mofetil for Injection in the strength of 500 mg/vial.

Mycophenolate Mofetil is indicated for use in combination with other drugs i.e., cyclosporine and corticosteroids for the prophylaxis of organ rejection in patients receiving renal, hepatic or cardiac transplants. Currently, the group has 330 approvals and has so far filed over 400 ANDAs since the commencement of the filing process in FY 2003-04.

On a consolidated basis, Zydus Lifesciences net profit fell 5.08% to Rs 500.40 crore on 0.61% increase in revenue from operations to Rs 3,655 crore in Q3 FY22 over Q3 FY21.

Shares of Zydus Lifesciences rose 0.58% to Rs 375.35 on BSE. Zydus Lifesciences is a discovery-driven, global lifesciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies.

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