Remdesivir batch withdrawn due to inferior quality: Maharashtra government

Mumbai: A batch of Remdesivir for treatment of COVID-19 patients has been withdrawn in view of “sub-standard quality” of the medicine, Maharashtra Health Minister Rajesh Tope said on Wednesday. He told reporters that the move caused a short-term shortage of the drug in the state. “A batch of Remdesivir medicine …

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Hero Moto, M&M, TechM, Berger Paints among 112 stocks likely to see selloff, suggests MACD

NEW DELHI: Back-to-back falls in domestic stocks over the past four sessions have sent a number of stocks tumbling. Many of these, 112 precisely, have sent out bearish signals on the moving average convergence divergence, or MACD, charts. The momentum indicator signalled bearish crossovers — a sign of bearish undertone …

Read moreHero Moto, M&M, TechM, Berger Paints among 112 stocks likely to see selloff, suggests MACD

China hikes prices of key drug ingredients

MUMBAI: China has increased prices of key starting materials (KSMs), which are used for making medicines, by 10-20%, leaving those of basic raw materials — or active pharmaceutical ingredients (APIs) — largely unchanged. Both KSMs and APIs are imported in India for making life-saving antibiotics, steroids and other medicines. While …

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Chemcon IPO subscribed 78% within 45 mins; retail quota attracts 1.55 times bids

The initial public offering (IPO) of Chemcon Speciality Chemicals, which serves pharma and oil well industries, was subscribed 0.78 times on Monday as of 10.45 am. The retail quota saw huge applications and was fully subscribed withing 45 minutes of the bidding process. Out of 65,59,173 shares on offer, the …

Read moreChemcon IPO subscribed 78% within 45 mins; retail quota attracts 1.55 times bids