Hikma Pharmaceuticals (HIK)

Sector:

Pharma and Biotech

Index:

FTSE 100

1,896.00p
   
  • Change Today:
      19.00p
  • 52 Week High: 2,120.00p
  • 52 Week Low: 1,722.00p
  • Currency: UK Pounds
  • Shares Issued: 221.89m
  • Volume: 350,964
  • Market Cap: £4,206.97m
  • RiskGrade: 125

Hikma responds to FDA concerns over 'Advair Diskus' generic

By Josh White

Date: Wednesday 27 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Hikma Pharmaceuticals has submitted its response to deficiencies in its abbreviated new drug application for a generic version of GlaxoSmithKline's 'Advair Diskus', or fluticasone propionate and salmeterol inhalation powder, to the US Food and Drug Administration (FDA), it announced on Wednesday.
The FTSE 100 pharmaceuticals company said that, following receipt of a complete response letter from the FDA, it had initiated a clinical endpoint study in 2018.

That study had now been completed and it, along with other information requested by the FDA, submitted to the FDA for review.

The submission addressed the outstanding questions raised by the FDA in its response letter, Hikma explained.

"Our team has worked extremely hard with Vectura to complete a large and challenging clinical study, which we believe demonstrates the safety and effectiveness of our product, and I am very pleased to have responded to the FDA," said chief executive officer Siggi Olafsson.

"As we continue to develop our pipeline of complex generics, respiratory products are a key strategic focus for Hikma and our generic Advair submission is an important milestone.

"We are confident in our ability to bring a generic version of Advair to the US market, which would enable us to improve patient access to this important medicine."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HIK Market Data

Currency UK Pounds
Share Price 1,896.00p
Change Today 19.00p
% Change 1.01 %
52 Week High 2,120.00p
52 Week Low 1,722.00p
Volume 350,964
Shares Issued 221.89m
Market Cap £4,206.97m
RiskGrade 125

HIK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.84% below the market average43.84% below the market average43.84% below the market average43.84% below the market average43.84% below the market average
6.12% below the sector average6.12% below the sector average6.12% below the sector average6.12% below the sector average6.12% below the sector average
Price Trend
19.79% above the market average19.79% above the market average19.79% above the market average19.79% above the market average19.79% above the market average
51.02% above the sector average51.02% above the sector average51.02% above the sector average51.02% above the sector average51.02% above the sector average
Income
16.04% above the market average16.04% above the market average16.04% above the market average16.04% above the market average16.04% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
28.67% below the market average28.67% below the market average28.67% below the market average28.67% below the market average28.67% below the market average
3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 4
Sell 1
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HIK Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Aug-24 21-Mar-24
Paid 20-Sep-24 03-May-24
Amount 32.00¢ 47.00¢

Trades for 27-Sep-2024

Time Volume / Share Price
17:19 146,027 @ 1,882.00p
16:53 411 @ 1,896.00p
16:53 2,246 @ 1,896.00p
16:35 266 @ 1,896.00p
16:35 153,088 @ 1,896.00p

HIK Key Personnel

CEO Riad Mishlawi

Top of Page