Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>
Idioma: En

Dr Reddy’s Labs Gains 3% On US FDA Approval To Anti-Addiction Drug

Dr Reddy’s Labs’ shares gained a little over 3 percent in the opening minutes as investors cheered a regulatory approval to its Drug.

The company announced an approval from US FDA and is launching Buprenorphine and Naloxone Sublingual Film, a therapeutic equivalent generic version of Suboxone

Related Articles

Buprenorphine and naloxone are used to treat adults with opioid addiction.

“Buprenorphine helps suppress withdrawal symptoms caused by discontinuation of opioid drugs, and naloxone reverses and blocks the effect of opioids. This combination of medications is used as part of a complete treatment program including prescription monitoring, counseling, and psychosocial support,” the company said in a filing to the exchanges.
The Suboxone brand had US sales of approximately $1.86 billion MAT for the most recent twelve months ending in April 2018 according to IMS Health.

The stock has gained 16 percent in the past one month, while in the past three days, it has surged 6 percent. At 09:29 hrs Dr Reddys Laboratories was quoting at Rs 2,329.05, up Rs 60.65, or 2.67 percent, on the BSE. It touched an intraday high of Rs 2,345.95 and an intraday low of Rs 2,290.00.

Want to earn some profit click here



This post first appeared on After Italy Verdict Gold Trades Higher On Safe-haven Demands; Silver Down, please read the originial post: here

Share the post

Dr Reddy’s Labs Gains 3% On US FDA Approval To Anti-Addiction Drug

×

Subscribe to After Italy Verdict Gold Trades Higher On Safe-haven Demands; Silver Down

Get updates delivered right to your inbox!

Thank you for your subscription

×