Sun Pharmaceutical gains on USFDA nod for Ximino

The approval is for XiminoTM (Minocycline HCl) extended-release capsules 45 mg, 90 mg and 135 mg.

A man carrying a gas cylinder walks out of the research and development centre of Sun Pharmaceutical Industries Ltd in Mumbai
SI Reporter Mumbai
Last Updated : Aug 20 2015 | 11:11 AM IST
Shares of Sun Pharmaceutical were up over 3% after the company announced that the US Food and  Drug  Administration  (USFDA) has approved its supplemental new drug application  for XiminoTM (Minocycline HCl) extended-release capsules
45 mg, 90 mg and 135 mg.  

XiminoTM extended-release capsules are indicated for inflammatory lesions of non-nodular moderate to severe acne vulgaris  in  patients  12  years  of  age  and  older, Sun Pharmaceutical said in a release.

This approval  further  strengthens  the  Company’s  branded dermatology portfolio in the US. It expects XiminoTM extended-release capsules to be available for patients during the fourth quarter of 2015, the release added.

The stock opened at Rs 948 and touched a high of Rs 961. At 9:55AM, over 2.1 million shares were traded on both the stock exchanges.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 20 2015 | 9:55 AM IST

Next Story