1. Marksans Pharma shares surge 10% on USFDA nod for diabetes drugs

Marksans Pharma shares surge 10% on USFDA nod for diabetes drugs

At 2.47 pm, shares of Marksans Pharma were trading 10.71 per cent up at Rs 50.65.

By: | New Delhi | Updated: May 2, 2016 4:18 PM
MARKSANS PHARMA bse sensex, nse nifty Marksans Pharma share price soared as much as 13 per cent on Monday after the company informed bourses that it has received approval from the US health regulator for its Metformin Hydrochloride tablets, used for treatment of diabetes, in the American market.(Express photo by Ganesh Shirsekar)

Marksans Pharma share price soared as much as 13 per cent on Monday after the company informed bourses that it has received approval from the US health regulator for its Metformin Hydrochloride tablets, used for treatment of diabetes, in the American market.

At 2.47 pm, shares of Marksans Pharma were trading 10.71 per cent up at Rs 50.65. The scrip opened at Rs 45.85 and has touched a high and low of Rs 51.70 and Rs 45.20, respectively, in trade so far.

Later, the scrip closed 9.84 per  cent up at Rs 50.25.

The company has been granted the US Food and Drug Administration (USFDA) approval for Metformin Hydrochloride extended release tablets in the strengths of 500 mg and 750 mg, Marksans Pharma said in a BSE filing on Monday.

The product is generic version of Bristol Meyers Squibb’s Glucophage XR extended release tablets in the same strengths, it added.

“The annual sale of the product is approximately $230 million,” Marksans Pharma said.

  1. R
    Rebecca C.
    May 7, 2016 at 6:03 am
    In July of 2015, it was discovered that I got type 2 diabetes. By the end of the July month, I was given a prescription for the Metformin. I stated with the ADA diet and followed it completely for several weeks but was unable to get my blood sugar below 140. Without results to how for my hard work, I really panicked and called my doctor. His response? Deal with it yourself. I started to feel that something wasn’t right and do my own research. Then I found Rachel’s great blog (google " HOW I FREED MYSELF FROM THE DIABETES " ) . I read it from cover to cover and I started with the diet and by the next morning, my blood sugar was 100. Since then, I get a fasting reading between the mid 70s and 80s. My doctor was very surprised at the results that, the next week, he took me off the Metformin drug. I lost 30 pounds in my first month and lost more than 6 inches off my waist and I’m able to work out twice a day while still having lots of energy. The truth is that we can get off the drugs and help myself by trying natural methods
    Reply

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