Glenmark unit gets FDA approval for Adapalene Gel

Glenmark Generics Ltd said its US-based subsidiary Glenmark Generics Inc received abbreviated new drug application (ANDA) approval from Food and Drug Administration (USFDA) for its Adapalene Gel, 0.1% and it will soon commence marketing and distribution of this product in that market.

Adapalene Gel is used for the topical treatment of acne vulgaris. On Friday, Glenmark Pharmaceuticals shares closed 2% higher at Rs275 on the Bombay Stock Exchange, while the Sensex ended at 0.28% down at 17,460 points.

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Pipavav Shipyard appoints M Jitendran as CEO

Pipavav Shipyard Ltd said it appointed Cmde (Retd) M Jitendran, VSM as its new chief executive officer (CEO) with immediate effect, replacing Jai Prakash Rai.Mr Rai has been appointed as group CEO of SKIL Infrastructure Ltd, promoter of Pipavav Shipyard.

Earlier, Cmde Jitendran was chairman and managing director of state-run Cochin Shipyard Ltd.

On Friday, Pipavav Shipyard shares closed 0.5% up at Rs100 on the Bombay Stock Exchange, while the Sensex ended at 0.28% down at 17,460 points.

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Sun Pharma launches generic Exelon in US

Sun Pharmaceutical Industries Ltd said it launched its generic of Exelon, rivastigmine tartrate capsules for the US market. Earlier, the United States Food and Drug Administration (USFDA) had granted it a final abbreviated new drug application (ANDA) approval to market the product.

Rivastigmine tartrate used for the treatment of mild to moderate dementia of the Alzheimer's type and for the treatment of mild to moderate dementia associated with Parkinson’s disease.

On Friday, Sun Pharma shares closed flat at Rs1,754 on the Bombay Stock Exchange, while the Sensex ended at 0.28% down at 17,460 points.

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