Sun Pharma slips 5% as US court bars it from launching alopecia drug

Quick Summary:

The management has already spelled out contingency plans in case of an unfavourable verdict, during its Q2 earnings call.

One of those is the possibility of an out of court settlement before the patent expiry in December 2026.

The stock has corrected 10 per cent from its record high level of Rs 1,960.20 hit on September 30, 2024.

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Category: BusinessFinance

Markets: India

Topics: Preliminary injunction Sun Pharma ICICI Securities US Court Sun Pharma owner Markets Sun Pharma news Sun Pharmaceutical Industries share price Baldness treatment Sun Pharma share price Q2 Leqselvi Sun Pharma leqselvi launch injuction

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Article Type: News Report

Published On: 2024-11-04 @ 10:10:15 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 396 words

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Copyright Owner: © Business Standard

News ID: 23388740

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