According to IQVIA, testosterone gel has an estimated market size of $107 million for twelve months ending September 2020. Alembic has a cumulative total of 136 ANDA approvals (117 final approvals and 19 tentative approvals) from the US Food & Drug Administration (USFDA).
Aleor is a 60:40 joint venture between Alembic and Orbicular Pharmaceutical Technologies (Orbicular) formed in April 2016 focusing on commercialising dermatology products globally.
Shares of Alembic Pharma were down 1.54% at Rs 981. The scrip traded in the range of Rs 974.15 to Rs 1000 so far during the day.
Alembic Pharmaceuticals is a vertically integrated research and development pharmaceutical company.
The drug maker reported a 35.4% jump in consolidated net profit to Rs 333.37 crore on 17.4% rise in net sales to Rs 1,457.10 crore in Q2 September 2020 over Q2 September 2019.
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