Shilpa Medicare Limited announces the approval of its, Nor Ursodeoxycholic Acid (NorUDCA) Tablets 500 mg, by the Central Drugs Standard Control Organization (CDSCO), marking a major milestone in innovative NAFLD therapy in India. The approvalreinforces Shilpa Medicare's commitment to addressing unmet medical needs in hepatology through innovation and evidence?based solutions. This approval will allow Shilpa to become the first company in the World to launch this novel product in any part of the World for NAFLD.
NorUDCA is the first?in?class treatment for Non?alcoholic Fatty Liver Disease (NAFLD) in India, addressing a significant unmet medical need.
NAFLD is currently the most prevalent liver condition globally, affecting about 25% of the world's population (approximately 1.2 billion people) and impacting an estimated 188 million individuals in India alone. If not managed early, NAFLD may progress to non?alcoholic steatohepatitis (NASH) and severe liver complications, underscoring the urgent necessity for effective therapy.
These results collectively demonstrate a significant improvement in both liver structure and function, confirming NorUDCA's superior efficacy compared to placebo in NAFLD.
Nor UDCA demonstrated superior efficacy over placebo, and no significant safety concerns were identified. NorUDCA is uniquely positioned with its choleretic and anti?inflammatory properties, enhancing bile flow, reducing hepatic inflammation, and offering therapeutic potential in halting the progression of NAFLD and associated cholestatic liver disorders.
Commenting on this approval, Mr. Vishnukant Bhutada, Managing Director, Shilpa Medicare Limited, said: "We are delighted to receive historic approval for NorUDCA, India's first?in?class therapy for NAFLD-making Shilpa the first company globally to obtain approval for NorUDCA in this indication. This milestone is a moment of immense pride for Shilpa and the nation, as we now pioneer the launch of its finished dosage form. This breakthrough exemplifies Shilpa's unwavering dedication to innovation and accessible healthcare to millions battling liver disease in India and beyond. We are excited to introduce NorUDCA tabletsin India immediately, while advancing global regulatory efforts to bring this vital therapy to patients internationally."
Shares of Shilpa Medicare Limited was last trading in BSE at Rs. 831.80 as compared to the previous close of Rs. 819.80. The total number of shares traded during the day was 2373 in over 183 trades.
The stock hit an intraday high of Rs. 855.00 and intraday low of 805.15. The net turnover during the day was Rs. 1975259.00. |
