Shares of Shasun Chemicals rose as much as 5% after company has entered into the rapidly growing field of Nanotechnology by entering into collaboration with Nanoparticle Biochem, Inc.
Shasun Pharmaceuticals Limited has entered into the rapidly growing field of Nanotechnology by entering into collaboration with Nanopraticle Biochem, Inc (NBI). As part of the collaboration, Shasun and NBI would enter into a 50:50 JV to be known as Shasun NBI LLC which would proceed with development of NBI's lead molecule, NBI-29 for Prostate Cancer toward FDA approval.
At 10:14 am, (IST) Shasun Chemicals shares were trading at Rs81, up Rs2 or 3%. It saw high of Rs82 and low of Rs81. It opened at Rs81.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.