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Thursday 12 December 2019

Share Price of Cipla up 2% after associate firm submits an application to USFDA for IV tramadol


Intravenous tramadol is used for managing moderate to moderately severe pain in adults.


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Cipla share price added more than 2 % in the morning trade today after the pharmaceutical major announced submission of application for intravenous (IV) tramadol with USFDA.

Avenue Therapeutics Inc submitted a new drug application to the US Food and Drug Administration (USFDA) for IV tramadol for managing moderate to moderately severe pain in adults, the company said in a release.

The application is based on positive results from two Phase 3 clinical efficacy and safety trials in patients following bunionectomy and abdominoplasty surgeries, as well as an open-label safety study of more than 500 patients who received the 50 mg dosing regimen, it added.

At 09:31 hours, Cipla was quoting at Rs 461.00, up Rs 11.30, or 2.51 %, on the BSE.


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