FINWIRES · TerminalLIVE
FINWIRES

Cipla Arm Gets US FDA's Final Nod for Albuterol Sulfate Inhalation Aerosol; Shares Up 3%

-- Cipla USA Inc., a wholly-owned subsidiary of Cipla (NSE:CIPLA, BOM:500087), has received final approval from the U.S. Food and Drug Administration for its Albuterol Sulfate Inhalation Aerosol, according to a Thursday filing to the Indian stock exchanges.

The drug is a generic therapeutic equivalent of Ventolin HFA, marketed by GlaxoSmithKline.

Albuterol Sulfate Inhalation Aerosol is used to treat or prevent bronchospasm with reversible obstructive airway disease, and to prevent exercise-induced bronchospasm.

The product is expected to be launched in the first half of the financial year 2026-27 in the US.

According to IQVIA estimates, the total US albuterol market is valued at around $1.5 billion.

The company's shares were up over 3% in recent trade.

Related Articles

Australia

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.3%.The Philadelphia Semiconductor index added 0.9%.In corporate news, Meta Platforms (META) plans to eliminate roughly 8,000 jobs, or 10% of its workforce, in an attempt to boost efficiency and offset significant spending on AI, Bloomberg reported, citing a memo the company sent to employees. Meta shares were down 2.3%.IBM (IBM) shares fell past 8% after its quarterly results. Software growth decelerated to 8% in constant currency from 11% in Q4 and 9% in Q3, a "potential red flag for the bears," CFRA said in a note late Wednesday.ServiceNow (NOW) reported strong Q1 results, but softer organic revenue trends and a slightly weaker margin outlook weighed on its overall forecast, Oppenheimer said in a note. Its shares tumbled past 17%.Texas Instruments (TXN) shares jumped past 18% after it posted higher Q1 earnings and revenue and set out Q2 guidance above consensus.

$IBM$META$NOW$TXN
Sectors

Sector Update: Energy

Energy stocks were higher late Thursday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding 0.7%.The Philadelphia Oil Service Sector Index gained 0.9%, and the Dow Jones US Utilities Index climbed 2.7%.Front-month West Texas Intermediate crude oil was rising 3.6% to $96.32 a barrel, and the global benchmark Brent crude contract was advancing 3.6% to $105.54 a barrel. Henry Hub natural gas futures added 1% to $2.67 per 1 million BTU.In corporate news, NextEra Energy (NEE) shares jumped past 7%. The company reported Q1 adjusted earnings Thursday of $1.09 per diluted share, up from $0.99 a year earlier, and also above the average estimate of analysts polled by FactSet.

$NEE
Sectors

Sector Update: Financial

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index down 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) falling 0.7%.The Philadelphia Housing Index rose 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.1%.Bitcoin (BTC-USD) was decreasing 0.4% to $77,852, and the yield for 10-year US Treasuries rose 2.9 basis points to 4.32%.In corporate news, American Express (AXP) shares were down 4.8% even after the payments giant reported better-than-expected Q1 results and reiterated its full-year outlook.

$AXP