iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Dr.Reddy's cancer medicine gets FDA approval, stock rises 1.3%

14 Jun 2022 , 02:55 PM

On Tuesday, Dr. Reddy’s Laboratories (DRL) stock jumped after the company announced the availability of a generic version of Nexavar pills in the United States. The medicine, also known as Sorafenib, is used to treat specific types of cancers of the liver, kidneys, and thyroid.

According to a regulatory filing, the US Food and Drug Administration (FDA) approved the company’s introduction of Dr Reddy’s Sorafenib
tablets, USP 200 mg.

On the BSE, the DRL stock rose by Rs54, or 1.3%, to Rs4,322.2 a share. The growth in DRL stock occurred amid violent market swings, as investors remained wary about the effects of soaring prices and the global economy.

Dr. Reddy’s Sorafenib pills come in bottles with a 120-count. In a market worth $70 million for the medicine, analysts foresee little competition.

Related Tags

  • FDA
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.