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Shasun Chemicals stock up after collaboration with Nanoparticle

India Infoline News Service | Mumbai | August 30, 2010 10:25 IST

At 10:14 am, (IST) Shasun Chemicals shares were trading at Rs81, up Rs2 or 3%

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.


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