Alembic Pharma gains after USFDA approval for ophthalmic solution

Alembic Pharmaceuticals said it has received US Food & Drug Administration (USFDA)'s final approval for Travoprost ophthalmic solution USP, 0.004%.

Alembic Pharmaceuticals (Alembic) on Tuesday announced that the approved Abbreviated New Drug Application (ANDA) is therapeutically equivalent to the reference listed drug product (RLD), Travatan Ophthalmic Solution, 0.004%, of Alcon Pharmaceuticals (Alcon).

Travoprost Ophthalmic Solution USP, 0.004% is indicated for the reduction of elevated intraocular pressure in patients with open angle glaucoma or ocular hypertension.

Alembic has a cumulative total of 110 ANDA approvals (97 final approvals and 13 tentative approvals) from USFDA.

Alembic Pharmaceuticals gained 1.07% to Rs 546.15. The stock trades below its 50 days simple moving average placed at 554.05, this level will act as a resistance in near term. The stock trades above its 100 days moving average placed at 534.51, this level will act as support in near term.

 

Alembic Pharmaceuticals is a vertically integrated research and development pharmaceutical company.

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