Pharma Stocks Gain After Centre Approves Use Of COVID Pill Molnupiravir
NDTV
Pharma Stocks Today: Pharmaceutical shares such as Cipla, Dr Reddy's Laboratories, Torrent Pharma, Sun Pharma Industries gained around two per cent each on Wednesday,
Pharmaceutical shares such as Cipla, Dr Reddy's Laboratories, Torrent Pharmaceuticals, Sun Pharmaceutical Industries gained around two per cent each on Wednesday, December 29, after the Drug Controller General of India (DCGI) approved the emergency use of anti-viral drug - Molnupiravir in the country. to fight against the COVID-19 pandemic.
Dr Reddy's Laboratories in a consortium with pharma majors such as Cipla, Mylan, Torrent, Emcure, and Sun Pharma had presented their proposal for approval of anti-viral drug Molnupiravir for emergency situation.
As of 12:23 pm, shares of Cipla were trading 0.95 per cent higher at Rs 942.25 apiece on the BSE. Cipla opened the BSE at Rs 939.90, swinging to an intra day high of Rs 947.95 and an intra day low of Rs 935.85 in the trading session so far.
Shares of Dr Reddy's Laboratories were last trading 1.65 per cent higher at Rs 4,821.65 apiece on the BSE. Dr Reddy's Laboratories swung to an intra day high of Rs 4,831.15 and an intra day low of Rs 4,750, in the session so far.
