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Pharma Stocks Come Crashing Down As US FDA Worries Mount
Shares in pharma companies came crashing down, as worries over US FDA concerns mounted across pharma manufacturing facilities in the country. On Monday Natco Pharma plunged as much as 11 per cent, after the company said that it has received ...
Sun Pharma Fall 6% On US FDA Warning
Shares in Sun Pharma fell a huge 6 per cent, after the company said that it had received a warning letter for its Halol Plant from the US FDA. The shares were last trading at Rs 737, down almost 6 ...
Why Indian Pharma Shares Have Become Risky Bets?
From being the safest bets until the last few months, pharma shares in the last few weeks have become the riskiest bets in the markets. The one and the only one reason is warning letters from the US FDA. Take the ...
Dr Reddy's Shares Crash On Fresh US FDA Worries
Shares in Dr Reddy's crashed after the US FDA identified significant deviations at the plants of the company it had inspected. Earlier this month the company was issued a warning letter from the US FDA for these three plants. The stock ...
Sensex Opens Higher; Markets Eye Nov F&O Expiry
Benchmark indices opened the day higher, as global cues were quiet and ahead of the Winter session of parliament that begins today. The Sensex was trading with gains of 87 points at 25,863 points, while the Nifty was trading with gains ...
Dr Reddy's Crashes 5% On Lundin Law Probe
Shares in Dr Reddy's Laboratories crashed 5 per cent and fell as much as 7.5 percent in intra day trade as reports surfaced that Lundin Law PC has announced that it is investigating claims against Dr Reddy's Laboratories concerning possible violations ...
Glenmark Gets USFDA Nod For Oral Contraceptive Drug; Shares Up
Glenmark Pharmaceuticals today said it has received final approval from the US health regulator to sell oral contraceptive -- drospirenone and ethinyl estradiol tablets -- in the US market. The shares were up a huge 4 per cent following the reports ...
Glenmark Shares Slump 5 Per Cent On Credit Suisse Downgrade
Shares in Glenmark Pharmaceuticals Ltd (GPL) fell 5 per cent after foreign brokerage Credit Suisse downgraded the stock. Shares of the company were last trading at Rs 946 on the National Stock Exchange. Check share price and financials of Glenmark Pharma ...
Ranbaxy stock tanks 17 per cent as US FDA bans Toansa plant
Shares in Ranbaxy slumped 17 per cent after the company said that the US FDA had prohibited the company from manufacturing and distributing Active Pharmaceutical Ingredients from its facility in Toansa for FDA related drug products. The stock was last ...
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