Zydus Cadila Gets US Regulator’s Nod For Drug, Shares Jump 2%

Zydus Cadila has more than 140 approvals

New Delhi: Zydus Cadila has received approval from the US Food and Drug Administration (USFDA) to market aspirin and extended release dipyridamole capsules, used to prevent excessive blood clotting and reduce the risk of strokes. After the announcement, shares of the company’s listed entity Cadila Healthcare rose by over two per cent to Rs. 510 apiece on the Bombay Stock Exchange (BSE). The company has received final approval from the US health regulator (USFDA) to market the drug in the strengths of 25mg/200mg, Zydus Cadila said in a filing to the BSE.

The company said it will manufacture the drug at its formulations manufacturing facility in Ahmedabad.

The company has more than 140 approvals and has so far filed over 300 abbreviated new drug applications (ANDAs) since it commenced filings in 2003-04.