ZIM Laboratories (NSE:ZIMLAB, BOM:541400) has received approval from India's Central Drugs Standard Control Organisation to manufacture and market fixed dose combination (FDC) of Naproxen Delayed Release and Esomeprazole capsule (375mg/500mg + 20mg/ 20mg), according to a Wednesday filing to the Indian stock exchanges.
The combination drug is used to treat osteoarthritis, rheumatoid arthritis, and ankylosing spondylitis, and to reduce the risk of nonsteroidal anti-inflammatory drug (NSAID)-associated gastric and duodenal ulcers.
ZIM has already signed a commercial supply agreement with an Indian pharmaceutical company for the product and is targeting a commercial launch in India in the financial year 2026-27.
The company's shares were down nearly 1% in recent trade.
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