Venus Remedies, a research based pharmaceutical company, gets marketing nod from Swiss drug authority for Gemcitabine.
Venus Remedies has achieved yet another landmark by receiving its first marketing authorization in Switzerland from Swiss drug authority (SWISSMEDIC) for Gemcitabine 200 mg & 1 g Injection through Venus Pharma GmbH.
This market approval of critically important oncology drug Gemcitabine Injection will help Venus to strengthen its oncology portfolio.
The company is planning to launch this product in early next quarter within this fiscal year to expand its presence in the oncology space. Venus Pharma GmbH the German subsidiary will carry out complete analysis of the goods. The product will be launched in Switzerland market by Swiss Pharma GmbH with whom Venus has a marketing tie up.
Shares of the company gained Rs 15.55, or 6.22%, to trade at Rs 265.40. The total volume of shares traded was 70,040 at the BSE (1.50 p.m., Wednesday).