Pharmaceutical major Dr. Reddy's Laboratories launched Bortezomib for injection in the U.S. market.
Shares of Dr. Reddy Laboratories were up 0.76% at Rs 2880.90. The stock trade in range of Rs 2885 to Rs 2859.40 so far during the trade.
Dr. Reddy's Laboratories announced the launch of Bortezomib for injection 3.5 mg/vial, approved by the U.S. Food and Drug Administration (USFDA). The drug is for intravenous use only and is indicated for the treatment of adult patients with multiple myeloma and for the treatment of adult patients with mantle cell lymphoma who have received at least one prior therapy.
The stock gained 10.73% in three months as compared to a 1.46% rise in Nifty Pharma index. The stock is trading above its 50 days and 200 days simple moving averages placed at 2783.95 and 2698.28 respectively.
On the technical front, the stock's RSI (relative strength index) stood at 55.209. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
Dr Reddy's Laboratories is an integrated pharmaceutical company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app