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BSE   29 May 17 | 04:01 PM

513.70 -19.55 (-3.67%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 524804
Face Value: N.A.

NSE   29 May 17 | 03:59 PM

512.40 -20.1 (-3.77%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: AUROPHARMA
Performance
1 Week : Rs 542.05 (-5.23%)
1 Month : Rs 606.05 (-15.24%)
1 Year : Rs 754.45 (-31.91%)
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Aurobindo Pharma gains on tentative nod for HIV drug

SI Reporter / Mumbai 22 Sep 16 | 12:53 PM

Aurobindo Pharma has moved higher by 4.4% to Rs 842 on the BSE after the company announced that it has received tentative approval for Dolutegravir 50mg from US Food & Drug Administration (USFDA). The drug is used for the treatment of HIV.

Dolutegravir 50mg is indicated for the treatment of HIV-1 infection in combination with other antiretroviral agents.

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“The approved Abbreviated New Drug Application (ANDA) is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Tivicay®, of ViiV Healthcare," Aurobindo Pharma said in a press release.

ViiV Healthcare and Aurobindo Pharma signed a licensing agreement in 2014 that allows Aurobindo Pharma to supply Dolutegravir 50mg in 92 licensed countries, following completion of required local regulatory approval processes, it added.

At 12:49 pm, the stock up 4% at Rs 839 on the BSE, as compared to 0.73% rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 4.2 million shares changed hands on the BSE and NSE so far.

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