India's IOL Chemicals jumps over 10% on nod to export product to China

IOL Chemicals and Pharmaceuticals

19/02/2024 07:26

** Shares of IOL Chemicals And Pharma  IOLC.NS  up as much
as 10.3% at 446.50 rupees 
    ** Co says its product metformin hydrochloride has been
approved by Center for Drug Evaluation of National Medical
Products Administration, China
    ** IOLC, which makes and sells various active pharma
ingredients, says move will enable co to export metformin
hydrochloride in China Market
    ** 1.2 mln shares change hands, sees best session since Jan
2
    ** Stock gained 24% in 2023, down 4.1% YTD

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))