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Aurobindo Pharma shares soar 7%; mcap rises by Rs 2,447 cr

Press Trust of India  |  New Delhi 

of Pharma today surged almost 7 per cent as the company received USFDA nod to make oral suspension used for controlling serum phosphorus in patients with chronic kidney disease on dialysis.

The stock jumped 6.94 per cent to close at Rs 643.20 on During the day, it rose sharply by 7.78 per cent to Rs 648.30.


At NSE, of the company gained 6.94 per cent to end at Rs 643.90.

Following the rise in the stock, the company's market valuation went up by Rs 2,446.96 crore to Rs 37,683.96 crore.

In terms of volume, 9.13 lakh of the company were traded on and over one crore changed hands at during the day.

The company has received final approval from the US Food and Drug Administration (USFDA) to manufacture Sevelamer Carbonate oral suspension, 0.8 gm and 2.4 gm, the drug maker said in a filing today.

Sevelamer Carbonate oral suspension is indicated for the control of serum phosphorus in patients with chronic kidney disease (CKD) on dialysis.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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