Cipla shares jump 10% after USFDA paves way for an important drug launch
Thu, Oct 31, 2024 9:27 AM

Cipla shares jump 10% after USFDA paves way for an important drug launch

A Flip by Avya Verma
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Cipla's shares surged 10% after the USFDA classified its Goa facility as "Voluntary Action Indicated", paving the way for key niche launches like the Abraxane generic, a chemotherapy drug with a $700 million market size. This approval could lead to a launch in the current financial year, improving pipeline visibility and sales estimates.

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