India's IOL Chemicals and Pharma up after getting drug export nods

IOL Chemicals and Pharmaceuticals

12/06/2024 06:58

** Shares of India's IOL Chemicals and Pharmaceuticals
 IOLC.NS  up 4.2% after jumping as much as 6.3% earlier in the
session 
    ** Pharmaceuticals and chemicals maker gets nods from
European Directorate for the Quality of Medicines & Health Care
(EDQM) to export two drugs
 Drug name               Used to treat
                         Uric acid, gout and joint pain
 Allopurinol             
                         
                         Heartburn, gastro-oesophageal
 Pantoprazole Sodium     reflux disease
 Sesquihydrate           
                         
 
    ** Trading vols 7.6x 30-day avg in busiest session since
March 19
    ** YTD stock has fallen ~15% after climbing 24% in 2023 

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