India's Balaxi Pharma up after Africa, Latam expansion

Balaxi Pharmaceuticals

25/06/2024 08:08

** Shares of India's Balaxi Pharmaceuticals  BALX.NS  up ~4%
after rising as much as 7.6% earlier in the session 
    ** Drugmaker said it has tied up with about 50 hospitals in
Angola and is working towards having tie-ups with more than 150
hospitals across the country 
    ** Separately, co entered into Latin American tender
business, won tender worth $800,000 in an unspecified key market
    ** BALX already has operations in African and Latam markets 
    ** YTD stock has gained 45% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))