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Why Amneal's Stock Is Trading Higher Today

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Why Amneal's Stock Is Trading Higher Today

Amneal Pharmaceuticals (NYSE: AMRX) shares are trading higher on Friday after the company reported the launch of Generic Fluphenazine following Abbreviated New Drug Application approval by the FDA.

Amneal Pharmaceuticals is a generic pharmaceutical manufacturer. The company's reportable segments are Generic Products and Specialty products. Generics segment develops, manufactures and commercializes complex oral solids, injectables, ophthalmics, liquids, topicals, softgels, inhalation products, and transdermals, and the Specialty segment is engaged in the development, promotion, sale and distribution of proprietary branded pharmaceutical products.

Amneal Pharmaceuticals shares were trading up 5.73% at $4.61 at the time of publication on Friday. The stock has a 52-week high of $5.79 and a 52-week low of $2.27.

 

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