Pharma stocks rise 1% after Delhi HC lifts ban on fixed-dose drugs

India Infoline News Service | Mumbai | December 01, 2016 11:35 IST

Pharmaceutical stocks rallies on Thursday after the Delhi High Court today quashed the government's notification in March, which had banned 344 fixed-dose drugs.

Pills Spilling From Bottle
Pharmaceutical stocks rallies on Thursday after the Delhi High Court today quashed the government's notification in March, which had banned 344 fixed-dose drugs. The government had banned the drugs citing concerns over lack of any therapeutic justification and health risks.
 
Lupin and Eli lilly and Company (India) Pvt. Ltd. today announced an expansion of their partnership in India with the launch of Eglucent, a new brand of Lilly's rapid-acting insulin analog Lispro. The stock is currently trading at Rs 1529.05, up by Rs 25.85 or 1.72% from its previous closing of Rs 1503.2 on the BSE.

Dr Reddys Laboratories Ltd is currently trading at Rs 3242, up by Rs 43.15 or 1.35% from its previous closing of Rs 3198.85 on the BSE.
Cipla Ltd is currently trading at Rs 573, up by Rs 6.45 or 1.14% from its previous closing of Rs 566.55 on the BSE.
BSE 1,488.70 [24.55] ([1.62]%)

***Note: This is a NSE Chart

 

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