India's IOL Chemicals gains on hopes of exporting BP drug to Europe

IOL Chemicals and Pharmaceuticals

24/07/2024 07:10

** Shares of IOL Chemicals and Pharmaceuticals  IOLC.NS 
rise 4.2% to 413.64 rupees apiece
    ** IOLC on course to snap a six-session losing streak
    ** The company gets certificate of suitability from European
Directorate for the Quality of Medicines & Healthcare (EDQM) for
its blood pressure drug Valsartan
    ** Certification to help IOLC to export Valsartan in
European and other CEP accepting countries
    ** Shares of IOLC down 11% in 2024 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))