Aurogen South Africa (Aurogen), a wholly owned step-down subsidiary of Aurobindo Pharma in South Africa, has entered into an agreement with Novabee Proprietary, to sell and dispose of the entire 50% shares held by Aurogen in Novagen. After the disposal of 50% shares held by Aurogen, Aurogen will cease to be the joint venture partner of Novagen.Powered by Capital Market - Live

Aurogen South Africa, (Aurogen) a wholly owned step-down subsidiary of Aurobindo Pharma in South Africa, has entered into an agreement with Rene Glyne Family trust to sell and dispose of the entire 24.5% shares held by Aurogen. After the disposal of 24.5% shares held by Aurogen, Aurogen will cease to be the joint venture partner of Novagen BBBEE Invest Co (Proprietary). Powered by Capital Market - Live

The approved drug is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Keflet Tablets, 250 mg and 500 mg, of Eli Lilly and company. The product will be launched in Q3FY25. Aurobindo Pharma was granted Competitive Generic Therapy (CGT) designation for Cephalexin Tablets USP, 250 mg and 500 mg, and is eligible for 180 days of shared generic drug exclusivity. Cephalexin Tablets USP, 250 mg and 500 mg are indicated for the treatment of infections caused by susceptible strains of the designated microorganisms. The drug maker now has a total of 523 ANDA approvals (506 Final approvals and 17 tentative approvals) from USFDA. Aurobindo Pharma is principally engaged in manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals and related services. The pharma major reported 79.5% jump in consolidated net profit to Rs 908.75 crore on a 17.1% rise in revenue from operations to Rs 7,580.15 crore in Q4 FY24 over Q4 FY23. Shares of Aurobindo Pharma rose 0.83% to Rs 1,450.55 on the BSE. Powered by Capital Market - Live

Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Cephalexin Tablets USP, 250 mg and 500 mg, which is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Keflet Tablets, 250 mg and 500 mg, of Eli Lilly and Company. Aurobindo Pharma was granted Competitive Generic Therapy (CGT) designation for Cephalexin Tablets USP, 250 mg and 500 mg, and is eligible for 180 days of shared generic drug exclusivity. The product is expected to be launched in Q3FY25. Cephalexin Tablets USP, 250 mg and 500 mg are indicated for the treatment of infections caused by susceptible strains of the designated microorganisms. Powered by Capital Market - Live

The USFDA conducted inspection from 23 September to 27 September 2024.The inspection was closed with 10 observations. The firm stated that the observations are of procedural in nature and will be responded to within the stipulated time. Aurobindo Pharma is principally engaged in manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals and related services. The pharma major reported 61.1% surge in consolidated net profit to Rs 919.22 crore on a 9.8% rise in revenue from operations to Rs 7,457.65 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

Aurobindo Pharma announced that the United States Food and Drug Administration (US FDA) inspected Unit-II, an API manufacturing facility, of Apitoria Pharma, a wholly owned subsidiary of the Company, situated at Gaddapotharam Village IDA, Jinnaram Mandal, Sanga Reddy District, Telangana from 23-27 September 2024. The inspection closed with 10 observations. The observations are of procedural in nature and will be responded to within the stipulated time.Powered by Capital Market - Live

The United States Food and Drug Administration (USFDA) had conducted a pre-approval inspection (PAI) of the new injectable facility of Eugia Steriles, situated at Parawada Mandal, Anakapalli District in Andhra Pradesh, from 28 March 2024 to 5 April 2024. The unit has now received the EIR and the inspection is closed. Aurobindo Pharma is principally engaged in manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals and related services. The pharma major reported 61.1% surge in consolidated net profit to Rs 919.22 crore on a 9.8% rise in revenue from operations to Rs 7,457.65 crore in Q1 FY25 over Q1 FY24. Shares of Aurobindo Pharma fell 0.62% to currently trade at Rs 1,542.40 on the BSE. Powered by Capital Market - Live

Aurobindo Pharma announced that the USFDA has issued the Establishment Inspection Report for the new injectable facility of Eugia Steriles (a 100% subsidiary of Eugia Pharma Specialities and a step-down subsidiary of the company), situated at Parawada Mandal, Anakapalli District, Andhra Pradesh. The inspection was conducted from 28 March 2024 to 05 April 2024. Powered by Capital Market - Live

The domestic equity benchmarks traded with minor gains in early afternoon trade. The Nifty scaled above the 25,050 mark after hitting the day's low of 24,981.30 in early trade. Pharma shares advanced for the two consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 142.15 points or 0.17% to 82,063.52. The Nifty 50 index added 48.55 points or 0.19% to 25,089.70. In the broader market, the S&P BSE Mid-Cap index rose 0.25% and the S&P BSE Small-Cap index added 0.19%. The market breadth was positive. On the BSE, 2,064 shares rose and 1,724 shares fell. A total of 127 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 1.12% to 13.21. The Nifty 26 September 2024 futures were trading at 25,118.65, at a premium of 28.95 points as compared with the spot at 25,089.70. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 57.9 lakh contracts at the 25,000 strike price. Maximum Put OI of 103.4 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Pharma index rose 0.69% to 23,416.50. The index added 1.76% in the two consecutive trading sessions. Natco Pharma (up 3.77%), Biocon (up 1.36%), Torrent Pharmaceuticals (up 1.23%), Laurus Labs (up 1.18%) and Lupin (up 1.16%), Zydus Lifesciences (up 1%), Sun Pharmaceuticals Industries (up 0.96%), Aurobindo Pharma (up 0.58%), Alkem Laboratories (up 0.54%) and Divis Laboratories (up 0.52%) edged higher. On the other hand, Sanofi India (down 1.57%), Granules India (down 0.67%) and Gland Pharma (down 0.18%) edged lower. Aurobindo Pharma rose 0.58%. The pharma major announced that its stepdown subsidiary, Eugia Steriles received its first product approval from the United States Food and Drug Administration (USFDA) for Lidocaine Hydrochloride injection. Stocks in Spotlight : Jubilant Pharmova rose 0.67%. The company's subsidiary, Jubilant HollisterStier LLC's (JHS) manufacturing facility located at Spokane, Washington (USA) received classification of 'Voluntary Action Indicated' from USFDA. The United States Food & Drug Administration (USFDA) conducted an audit of the facility from 28 May to 6 June 2024. The US drug regulator has now determined the inspection classification of the facility as 'Voluntary Action Indicated'. Ramco Systems added 2.41% after the company said it has launched 'Aviation Software 6.0' to drive transformation in M&E and MRO operations. Powered by Capital Market - Live

Lidocaine is a local anesthetic (numbing medication) that is used to numb an area of your body to help reduce pain or discomfort caused by invasive medical procedures such as surgery, needle punctures, or insertion of a catheter or breathing tube. 'The new injectable facility of Eugia Steriles (a 100% subsidiary of Eugia Pharma Specialities and a stepdown subsidiary of the company), situated at Parawada Mandal, Anakapalli district, Andhra Pradesh, which was inspected by the US FDA from 28 March 2024 to 5 April 2024, has now received its first product approval from the US FDA for Lidocaine Hydrochloride injection, USP, 1% (10 mg/mL) and 2% (20 mg/mL),' Aurobindo Pharma stated. The sANDA was submitted as 'Prior Approval Supplement' for addition of an alternate drug product manufacturing, labeling, packaging, and testing facility. Aurobindo Pharma is principally engaged in manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals and related services. The pharma major reported 61.05% jump in consolidated net profit to Rs 919.22 crore on a 9.82% rise in revenue from operations to Rs 7,457.65 crore in Q1 FY25 over Q1 FY24. Shares of Aurobindo Pharma added 0.43% to Rs 1,525on the BSE. Powered by Capital Market - Live