The company would reportedly finance the deal with a loan of more than $1 billion
According to Bloomberg, Aurobindo will finance acquisition of 'overlapping drugs' with a loan of $1 billion
Product approvals, Natrol drive US growth; European turnaround adds to performance
The move is crucial to its ambitious goal of seeing $3 billion revenues by FY18
Company crosses $2 billion revenue mark in FY16
The stock was up 5% at Rs 795 on the BSE.
Net profit for the January-March quarter rose to Rs 5.63 billion from Rs 4.03 billion a year earlier
The product has an estimated market size of $50 mn for 12 months to March 2016, according to IMS Health data
The approved ANDA is generic version of Hospira Inc's Marcaine injection
With this approval, the company has now a total of 260 abbreviated new drug application (ANDA) approvals from the USFDA
The stock moved higher by 5% to Rs 809, its highest level since February 2, this year on the BSE.
The company is eligible for 180 days of generic drug shared exclusivity
Heartburn relief medicine Famotidine tablets is expected to be launched in the second quarter of 2016-17
The USFDA has approved manufacture and market Amlodipine and Valsartan tablets USP
The USFDA nod is for Esomeprazole Magnesium delayed-release capsules USP in dosages of 20mg and 40mg.
The drug major said that the launch of the product is based on the settlement terms with AstraZeneca.
The approved drug has an estimated market size of $4.2 billion for twelve months ending February, 2016
This product is expected to be launched in the first quarter of FY17
The firm said this product is expected to be launched in the first quarter of next fiscal
The company will launch its antibiotic drug Vancomycin Hydrochloride in the later part of FY16-17