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14-Sep2018

Cadila Healthcare trades higher on the bourses

Cadila Healthcare is currently trading at Rs. 413.60, up by 5.30 points or 1.30% from its previous closing of Rs. 408.30 on the BSE.

The scrip opened at Rs. 415.00 and has touched a high and low of Rs. 419.50 and Rs. 412.50 respectively. So far 49558 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 515.00 on 02-Nov-2017 and a 52 week low of Rs. 332.85 on 16-Aug-2018.

Last one week high and low of the scrip stood at Rs. 432.40 and Rs. 400.00 respectively. The current market cap of the company is Rs. 41799.41 crore.

The promoters holding in the company stood at 74.79%, while Institutions and Non-Institutions held 17.38% and 7.84% respectively.

Zydus Cadila has received the final approval from the US Food and Drug Administration (USFDA) to market Risedronate Sodium Delayed-Release Tablets (US RLD - ATELVIA delayed-release tablets), 35 mg. It will be manufactured at the group's formulations manufacturing facility at Moraiya, Ahmedabad.

Risedronate is a medicine of bisphosphonate group that alters bone formation and breakdown in the body. This can slow bone loss and may help prevent bone fractures. This medicine is used to treat osteoporosis in women, caused by menopause.

The group now has 218 approvals and has so far filed over 330 ANDAs since the commencement of the filing process in FY 2003-04.

Zydus Cadila is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies.


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