How do you see Indoco Remedies after its latest approval received from the USFDA?
Answer
Answer
Indoco Remedies got approval from the US Food and Drug Administration or USFDS for its blood thinning drug Apixaban tablets. It is the generic equivalent of Eliquis that is globally patented and manufactured by Bristol-Myers Squibb of the United States.
Indoco Remedies got approval for its abbreviated new drug application or ANDA for Apixaban tablets in strengths of 2.5 mg and 5 mg. Apixaban is an anti-coagulant and is also popular called blood thinner. It is normally used for patients with heart problems and clots.
Indoco Remedies has confirmed that the size of the US market for the Apixaban tablets is $11 billion. The stock was higher and the stock has rallied in the last few days along with most other pharma stocks.