Alembic Pharma At Over 14-month High After Receiving FDA Approval

Gold Silver Reports (GSR) – Shares of the drugmaker rose as much as 4.2 percent to trade over a 14-month high at Rs 614.25.     

The pharmaceutical company received a green signal from the U.S. drug regulator for its Bimatoprost Ophthalmic solution, according to its statement on the exchanges. The frug is used to treat hypotrichosis of the eyelashes by increasing their growth including length, thickness and darkness, the statement added.   

The Relative Strength Index was 75, indicating that the stock may be overbought. – Neal Bhai Reports (NBR)

Spread the love

Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

Leave a Comment