The stock gained 5.36 per cent to settle at Rs 507.55 on BSE. During the day, it surged 6.52 per cent to Rs 513.20 - its 52-week high.
At NSE, shares of the company rose by 5.31 per cent to close at Rs 508.05.
CIMIVIR-L, a fixed dose combination of Ledipasvir 90 mg and Sofosbuvir 400 mg, will be made available to patients in India at a fraction of the global cost of the innovator brand, Biocon Ltd said in a statement.
Biocon, President-Marketing, Ravi Limaye said the introduction of CIMIVIR-LTM will strengthen the company's current portfolio of virology products.
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