Panacea Biotec: Amongst the top 50 innovators in India; Buy for an upside of 12% | Rudra Shares | IndiaNotes.com
Robust product pipeline of promising niche products to fuel long term future growth, Strong Product Portfolio with significant brand market share in respective therapeutic segment, PANACEA is amongst the top 50 innovators in India with strong foundation of over two decades.
USFDA NOD- Prasugrel Tablets
First-to-file abbreviated new drug application (ANDA) of Prasugrel 5 mg and 10 mg tablets- an important milestone to achieve growth in US business, has been approved from the US health regulator (as on 24th oct,17) , used for preventing blood clots in people with acute coronary syndrome, in the American market. The company is also entitled for 180 days of shared market exclusivity for the Prasugrel HCL tablets. The annual sale of Prasugrel prior to entry of generics in the market was around USD 600 million in the US market. The tablets are indicated for reduction of thrombotic cardiovascular events in people with acute coronary syndrome.
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