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Caplin Point’s Subsidiary Secures USFDA Approval for Glaucoma Eye Drops

Written by: Nikitha DeviUpdated on: Feb 27, 2025, 10:00 AM IST
Caplin Point Laboratories’ subsidiary gets USFDA approval for Brimonidine-Timolol eye drops, a COMBIGAN generic, targeting glaucoma; U.S. sales hit $242M in 2024.
Caplin Point’s Subsidiary Secures USFDA Approval for Glaucoma Eye Drops
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Caplin Point Laboratories Limited announced that its subsidiary, Caplin Steriles Limited, has received final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Brimonidine Tartrate and Timolol Maleate Ophthalmic Solution (Eye Drops).

About the Approved Drug

The approved product, available in 5mL, 10mL, and 15mL fill presentations, is a generic therapeutic equivalent of COMBIGAN by AbbVie Inc. It is indicated for reducing elevated intraocular pressure (IOP) in patients with glaucoma or ocular hypertension.

According to IQVIA (IMS Health), Brimonidine Tartrate and Timolol Maleate Ophthalmic Solution had U.S. sales of approximately $242 million for the 12-month period ending December 2024.

About Caplin Point Laboratories Limited

Caplin Point Laboratories Limited is a rapidly expanding pharmaceutical company with a distinctive business model focused on emerging markets in Latin America and Africa. The company operates state-of-the-art manufacturing facilities that produce a comprehensive range of finished dosage forms. Caplin Point is among the few firms that have demonstrated consistent, high-quality growth in cash flows, profitability, and revenue over the past 15 years.

On February 27, 2025, Caplin Point share price opened at ₹1,982.25, up from its previous close of ₹1,967.35. At 9:56 AM, the share price of Caplin Point was trading at ₹1,931.25, down by 1.83% on the NSE.

Conclusion 

This approval strengthens Caplin Steriles’ presence in the U.S. ophthalmic market and enhances its portfolio of sterile injectable and ophthalmic products.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 27, 2025, 10:00 AM IST

Nikitha Devi

Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.

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