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Zydus Lifesciences in focus after USFDA clears Ahmedabad plant, Aflibercept biosimilar launch
The Economic Times· 2026-02-20 03:14
Core Insights - The company Zydus Lifesciences has achieved a positive regulatory outcome with a USFDA inspection that concluded with zero observations, reinforcing its compliance standards in regulated markets [1][8] - Zydus Lifesciences launched ANYRA, India's first indigenous biosimilar of Aflibercept 2 mg, marking a significant milestone in its product portfolio [2][9] Regulatory Developments - The USFDA conducted a Pre-Approval Inspection (PAI) at Zydus's Ahmedabad injectables facility, which resulted in no observations, indicating strong compliance [1][8] - This regulatory clearance is expected to enhance investor confidence and attention towards the company's stock [6][9] Product Launch and Market Opportunity - ANYRA is indicated for the treatment of serious retinal disorders, including neovascular age-related macular degeneration (AMD), diabetic macular oedema (DME), and diabetic retinopathy (DR) [4][9] - The launch of ANYRA strengthens Zydus's presence in the ophthalmology segment and aims to improve access to affordable biologic therapies in India [4][9] - The market opportunity is substantial, with over 100 million people living with diabetes in India, and an estimated 7 to 8 million individuals affected by diabetic retinopathy [5][9] Stock Performance and Technical Analysis - On the stock market, shares of Zydus Lifesciences settled 0.85% lower at Rs 902.40, but the recent developments may lead to increased investor interest [6][9] - The technical analysis indicates a 14-day Relative Strength Index (RSI) of 50.1, suggesting neutral momentum, while the stock is trading below six out of its eight simple moving averages (SMAs), indicating a bearish trend [7][9]