Share price of Natco Pharma touched upper circuit on Wednesday after the company announced that its marketing partner Mylan has bagged final approval of US-drug regulator for generic Glatiramer Acetate injections. 

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At 1321 hours, the share price of Natco was trading at Rs 954.35 per share on BSE, up Rs 159.05 or 20%.

With this blockbuster performance, the company's stock has reached nearly two-months high. The last time, Natco's share crossed Rs 900-mark was on August 08, 2017. 

In a statement, Natco said, "The US Food and Drug Administration (FDA) has approved its marketing partner Mylan's Abbreviated New Drug Applications (ANDAs) for Glatiramer Acetate Injection 40 mg/mL for 3-times-a-week injection, an AP-rated, substitutable generic version of Teva's Copaxone 40 mg/mL, and Glatiramer Acetate Injection 20 mg/mL for once-daily injection."

The launch plans for both products will be communicated shortly after concurring with its partner Mylan. 

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