8 months ago

Granules India Gets USFDA Nod for ADHD Drug

Granules India Gets USFDA Nod for ADHD Drug
Granules India shares in focus today on tentative USFDA nod for ADHD drug · businesstoday.in

Granules India, a pharmaceutical company, got a tentative approval from the US FDA for a new drug that helps people with ADHD.

This drug will be made in Virginia, USA.

The company is happy because this approval shows they are doing well in making special medicines.

They also got some notes from the FDA about their factory in Hyderabad, but these notes are not very serious.

The company's stock price went up a little bit.

This news is important because it shows Granules India is trying to make more kinds of medicines and follow the rules in the USA.

Key facts

Company
Granules India Limited
Subsidiary
Granules Pharmaceuticals Inc.
Approval
Tentative USFDA approval for ADHD drug
Market Size
$172 million (US market)
Manufacturing Location
Chantilly, Virginia
Stock Performance
Up 0.3% at ₹583.3 per share (previous trading session)
Regulatory Observation
USFDA form 483 with five observations at Hyderabad unit

Quotes

Krishna Prasad Chigurupati

Chairman and Managing Director of Granules India

“This approval further strengthens Granules' US generics portfolio and underscores its continued investments in complex dosage forms, patient-friendly delivery technologies, and value-driven healthcare solutions”
deccanchronicle.com

Sources

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