Aurobindo Pharma, one of the leading drugmakers in India, has informed that it has received final approval from the US Food and Drug Administration (US FDA) for its Cefazolin injection in the strengths of 500 mg and 1 gram per vial.

According to the company, the injection is a Sterile Cephalosporin product under the anti-infective segment and is a generic equivalent to Abraxis Pharmaceutical Products' reference listed drug Cefazolin.

Aurobindo has 74 abbreviated new drug applications (ANDA) approved by the U. S. FDA.

Stock market analysts have maintained ‘buy’ rating on Cipla stock with an intraday target of Rs 231.

According to them, interested traders can purchase the stock around Rs 228 with a strict stop loss of Rs 225. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 232.
 

The Japanese drug maker major Daiichi Sankyo is all set for acquisition of majority shares in Ranbaxy Laboratories. The company has received approval of Sebi and FIPB to push the deal.

The Japanese major can invest its $4.6 billion in the Ranbaxy laboratories. Earlier, the company has acquired over 15% stake of Ranbaxy. It had announced to buy 34.8 per cent shares at the face value of Rs 737 per share. It has shown interest to buy 20 per cent additional stakes in the company.

Drugmaker Aurobindo Pharma Ltd has received US regulatory approval to

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Divis Laboratories Ltd stock with an intraday target of Rs 1530.

According to Karvy, day traders can purchase the stock between Rs 1440-1450 with a strict stop loss of Rs 1400. The stock pricing becomes more attractive, and reach above Rs 1540, if the stock market remains on positive track.

Stock market analysts have maintained ‘buy’ rating on Ranbaxy Laboratories stock with an intraday target of Rs 531.

According to them, interested traders can purchase the stock above Rs 525 with a strict stop loss of Rs 521. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 532.
 
Shares of the company, on Monday (August 4), closed at Rs 524 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 829050. The share price has seen a 52-week high of Rs 613.70 and a low of Rs 299.90 on BSE.