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CONCORDBIO — Concord Biotech News Story

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India's Concord Biotech jumps to 4-month high after US FDA drug approval

BUZZ-India's Concord Biotech jumps to 4-month high after US FDA drug approval

** Shares of Concord Biotech CONB.NS jumps about 5% to 1,341.9 rupees, highest since February 9

** Co gets U.S. FDA abbreviated new drug application approval for Tofacitinib tablets, used to treat spondylitis, colitis and different forms of arthritis

** More than 615,960 shares traded so far vs 30-day average of 488,994 shares

** YTD, stock down 0.8%


(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

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