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Monday, December 23, 2024 | 03:17 AM ISTEN Hindi

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Sun Pharma up 4% on USFDA acceptance of new drug application

The stock was up 4% at Rs 564 on the BSE with trading volumes on the counter more than doubled.

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A logo of Sun Pharmaceutical Industries Ltd is pictured at its research and development centre in Mumbai (Photo: Reuters)

SI Reporter Mumbai
Sun Pharmaceutical Industries was trading 4% higher at Rs 564 on the BSE at 10:26 am; after the company announced that the US drug regulator has accepted a New Drug Application (NDA) for OTX-101, a drug being evaluated for treatment of dry eye disease.

The trading volumes on the counter more than doubled with a combined 5.46 million shares changed hands on the BSE and NSE so far.

“The US Food and Drug Administration (FDA) has accepted a NDA, filed by the company’s wholly owned subsidiary, for OTX-101 (cyclosporine A, ophthalmic solution) 0.09%, a novel nanomicellar formulation of

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