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Aurobindo Pharma shares jump over 4% on USFDA nod for heartburn drug

Press Trust of India  |  New Delhi 

Shares of rose by over 4 per cent today after the company said it has received final approval from the US health regulator to manufacture delayed-release tablets, used in the treatment of frequent heartburn.

The stock gained 4.42 per cent to settle at Rs 571.95 on BSE. During the day, it jumped 5.43 per cent to Rs 577.50.

At NSE, shares of the company rose by 4.24 per cent to close at Rs 571.

In terms of equity volume, 2.57 lakh shares of the company were traded on BSE and over 39 lakh shares changed hands at NSE during the day.

"The company has received final approval from the (USFDA) to manufacture Delayed-Release tablets OTC, 20mg. The product will be launched in June 2018," said in a BSE filing.

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

First Published: Fri, June 08 2018. 16:50 IST