Gland Pharma Limited (Gland or Company), a generic injectable-focused pharmaceutical company, has received approval from the United States Food and Drug Administration (USFDA) for Latanoprost Ophthalmic Solution, 0.005% (2.5 mL Fill).
The Product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Xalatan®, latanoprost ophthalmic solution 0.005% (50 μg/mL) held by UPJOHN US 2 LLC.
This Product is used for the treatment of high eye pressure/intraocular pressure (IOP) in patients with openangle glaucoma or ocular hypertension.
The Company expects to launch this Product through its marketing partners in FY25. According to IQVIA, the product had US sales of approximately USD 111.6 million for the twelve months ending December 2023.
Shares of Gland Pharma Limited was last trading in BSE at Rs. 1779.40 as compared to the previous close of Rs. 1739.10. The total number of shares traded during the day was 13038 in over 1364 trades.
The stock hit an intraday high of Rs. 1806.00 and intraday low of 1720.05. The net turnover during the day was Rs. 23084283.00. |
