Shares of Marksans Pharma settled with a nearly 11 per cent gain today after it received approval from USFDA for loratadine liquid-filled capsules, used for treatment of allergies, in the American market.
The stock climbed 10.76 per cent to end the day at Rs 53 on BSE. Intra-day, it jumped 12.53 per cent to Rs 53.85.
At NSE, shares of the company climbed 10.58 per cent to settle at Rs 52.75.
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On the volume front, 59.10 lakh shares changed hands on BSE and over 2 crore at NSE.
"USFDA has granted approval for an abbreviated new drug application (ANDA) for loratadine liquid-filled capsules 10 mg," Marksans Pharma said in a BSE filing.
Loratadine liquid-filled capsules are therapeutically equivalent to the reference listed drug Claritin Liqui-Gels Capsules 10 mg of Bayer Healthcare LLC, it said.
Loratadine is an anti-histamine that reduces the effect of natural chemical histamine in the body. It is used for treating sneezing, runny nose, watery eyes, hives, skin rash, itching and other allergy symptoms.
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