Hot Pursuit     09-Aug-24
Granules India receives US FDA nod for depression treatment drug Trazodone
The Hyderabad-based company said that the US Food & Drug Administration (US FDA) has approved its abbreviated new drug application (ANDA) for Trazodone Hydrochloride Tablets.

It is bioequivalent and therapeutically equivalent to the reference listed drug Desyrel Tablets of Pragma Pharmaceuticals, LLC.

Trazodone tablets are indicated for the treatment of major depressive disorder in adults.

The current annual U.S. market for Trazodone tablets is approximately $128 Million, according to MAT Jun 2024, IQVIA/IMS Health.

Dr. Krishna Prasad Chigurupati, chairman and managing director, Granules India, said: “We have received the approval within 10 months of filing the application, which is a testament to our strong R&D capabilities. The product will be launched within this quarter and the market share will grow steadily over the next few quarters.”

Granules now has 65 ANDA approvals from the US FDA (64 final approvals and 1 tentative approval).

Granules India is primarily involved in the manufacturing and selling of Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation intermediates (PFIs) and Finished Dosages (FDs).

The pharma company reported a consolidated net profit of Rs 134.65 crore in Q1 FY25, steeply higher than Rs 47.89 crore posted in Q1 FY24. Revenue from operations in first quarter of FY25 was at Rs 1,179.87 crore, up 19.72% from Rs 985.52 crore reported in the same period a year ago.

The scrip rose 0.90% to currently trade at Rs 658.30 on the BSE.

Previous News
  Granules India Ltd soars 1.63%, up for third straight session
 ( Hot Pursuit - 21-Aug-24   13:05 )
  Granules Pharmaceuticals receives USFDA approval for Glycopyrrolate Oral Solution
 ( Corporate News - 20-Aug-24   15:24 )
  Granules India rises on USFDA nod for oral drug Glycopyrrolate
 ( Hot Pursuit - 20-Aug-24   14:00 )
  Granules India receives US FDA nod for depression treatment drug Trazodone
 ( Hot Pursuit - 09-Aug-24   14:52 )
  Granules India receives USFDA approval for Trazodone Hydrochloride Tablets
 ( Corporate News - 09-Aug-24   12:17 )
  Granules India hits life high as PAT soars to Rs 135 cr in Q1 FY25
 ( Hot Pursuit - 30-Jul-24   15:07 )
  Granules India consolidated net profit rises 181.11% in the June 2024 quarter
 ( Results - Announcements 30-Jul-24   13:00 )
  Granules India Ltd spurts 2.3%, up for five straight sessions
 ( Hot Pursuit - 26-Jul-24   13:00 )
  Granules India Ltd spurts 1.69%, gains for third straight session
 ( Hot Pursuit - 24-Jul-24   13:05 )
  Granules India schedules board meeting
 ( Corporate News - 15-Jul-24   17:38 )
  Granules India Ltd soars 2.74%, Gains for third straight session
 ( Hot Pursuit - 05-Jul-24   13:05 )
Other Stories
  Synergy Green ends sharply higher after bagging orders worth Rs 163 crore from Vestas Wind Systems
  06-Sep-24   15:49
  Godfrey Phillips hits record high on 2:1 bonus issue
  06-Sep-24   15:29
  L&T Finance allots NCDs worth Rs 175 crore
  06-Sep-24   15:27
  Sansera Engg inks long-term pact with Dynamatic Tech
  06-Sep-24   15:20
  Vodafone Idea Ltd leads losers in 'A' group
  06-Sep-24   15:00
  UR Sugar Industries Ltd leads losers in 'B' group
  06-Sep-24   14:45
  Volumes jump at Indigo Paints Ltd counter
  06-Sep-24   14:30
  Telecom stocks edge lower
  06-Sep-24   14:00
  Oil and Gas shares slide
  06-Sep-24   14:00
  Energy stocks edge lower
  06-Sep-24   14:00
Back Top