This pharma stock has zoomed over 380% in Samvat 2080; traades at 8-yr high

Quick Summary:

Wockhardt shares surged 5% to Rs 1,212.55, its highest level since February 2016 and has zoomed 157% thus far in the calendar year 2024.

In a separate filing on October 16, Wockhardt had announced the filing of its fast-acting insulin analog, Aspart injection (ASPARAPIDTM), with the Drugs Controller General of India (DCGI).

As per Wockhardt, the market size of Aspart in India is currently pegged at over Rs 260 crore, with only two players offering similar products in the domestic market.

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Category: BusinessFinance

Markets: IndiaFranceIrelandMexicoSwitzerland

Topics: QIP Aspart injection QIB price Subject Expert Committee. SEC Nafithromycin Multi-drug resistant Antibiotic Qualified institutional placement Community-Acquired Bacterial Pneumonia Biotechnology Pharmaceutical MiqnafTM Drugs Controller General of India MDR bugs Miqnaf Markets Q1 CDSCO CABP Central Drugs Standard Control Organization Insulin analog Wockhardt shares DCGI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 12:36:26 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 847 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23346490

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