Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Ipca gets US FDA nod for Propranolol
BackBack

Ipca gets US FDA nod for Propranolol

Ipca gets US FDA nod for Propranolol

Premium

PTI

Mumbai: Drug firm Ipca Laboratories Ltd today said it has entered into an strategic alliance with US based Heritage Pharmaceuticals Inc. to manufacture and market Propranolol HCI Oral Tablets, used for cardiovascular treatment.

Under the alliance, Ipca received approval from U.S. Food and Drugs Administration to manufacture and market the medicine in 10, 20, 40, 60 and 80 mg strength in the US market, it said in a filing to the Bombay Stock Exchange.

Ipca would manufacture and Heritage would commercialise this product in the U.S. market. Heritage would utilise its distribution network to market this formulation in the US healthcare system using Ipca’s DMF approved Active Pharmaceutical ingredient (API).

Propranolol Tablets has multiple cardiovascular related usages, including the treatment of hypertension, severe chest pain and abnormal rhythm of the heart.

Earlier this year, in June, Ipca received the USFDA approval to manufacture Propranolol HCI Oral Tablets for the US market and it was the first product approval received by Ipca for manufacturing a formulation.

At the same time, under the strategic alliance with Ranbaxy, Ipca received another USFDA approval to manufacture and market Metoclopramide Tablets.

Shares of the company were trading at Rs495, down 2.82% on the BSE.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 13 Oct 2008, 02:53 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie