Aurobindo Pharma share price rose nearly 3% to ₹1,222.9 on the BSE after its subsidiary, Eugia Pharma Specialities, received final approval from the US FDA to manufacture and sell Dasatinib tablets in the US. By 12:22 PM, the stock was trading 2.65% higher at ₹1,219.6, while the Sensex was up 0.20%.
Dasatinib is used to treat specific types of blood cancers like chronic myeloid leukemia (CML) and acute lymphoblastic leukemia (ALL) in adults, especially in patients resistant or intolerant to earlier treatments like imatinib. The approval is for multiple strengths: 20 mg, 50 mg, 70 mg, 80 mg, 100 mg, and 140 mg.
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The approved product is bioequivalent to Sprycel from Bristol-Myers Squibb. It has a large market size of $1.8 billion (as of February 2025), and Eugia plans to launch it in Q1FY26. This approval marks Eugia Pharma’s 181st ANDA approval, reinforcing its strong presence in oncology and speciality drugs.
Aurobindo Pharma is a global pharma company headquartered in Hyderabad, India. It produces a wide range of generic and branded drugs along with active pharmaceutical ingredients (APIs). Operating in over 150 countries, the company runs more than 30 manufacturing and packaging facilities. Its diverse product portfolio covers CNS, anti-retroviral, cardiovascular, antibiotics, gastrointestinal, anti-diabetics, and anti-allergy drugs, all backed by a solid R&D team.
This latest FDA approval strengthens Aurobindo Pharma’s US pipeline and reinforces its growth in the high-value oncology segment, boosting investor confidence and the stock price.
The USFDA approval for Dasatinib is a major win for Aurobindo Pharma, strengthening its oncology portfolio and opening doors to a multi-billion-dollar market. As the company gears up for the Q1FY26 launch, this move further solidifies its presence in the US generic drug space and boosts investor sentiment.
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Published on: Apr 23, 2025, 1:36 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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