NMPA, China approves Fenofibrate manufactured by IOL Chemicals and Pharmaceuticals Ltd

The China's Drug Regulatory Authority viz National Medical Products Administration (NMPA), China has approved the product "Fenofibrate" manufactured by the Company. This will enable the Company to export its Fenofibrate API in China market.

Fenofibrate is used to treat high cholesterol and triglyceride levels in the blood.

Shares of IOL Chemicals and Pharmaceuticals Limited was last trading in BSE at Rs. 409.30 as compared to the previous close of Rs. 403.65. The total number of shares traded during the day was 16898 in over 1277 trades.

The stock hit an intraday high of Rs. 412.25 and intraday low of 401.30. The net turnover during the day was Rs. 6906134.00.

Source : Equity Bulls

Keywords

IOLChemicalsandPharmaceuticals INE485C01011 NMPAApproval Fenofibrate