InvestorQ : Why has Indoco Remedies been rallying so sharply in the recent past?
Anamika Sodhani made post

Why has Indoco Remedies been rallying so sharply in the recent past?

Answer
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Angel dcosta answered.
4 weeks ago


Indoco Remedies was up by 9% to Rs.284 on Monday after it announced the launch of Favipiravir 400 mg tablets in India. Favipiravir tablets are approved for milder symptoms of COVID-19. Indoco will launch under the brand name of Fevindo-400 in India.

The generic Favipiravir is an antiviral drug which is effective against the influenza virus. The drug has already been approved by the regulator, DCGI, for treating mild symptoms of COVID-19. It has been found to be quite effective in such mild symptom cases.

Fevindo-400 will be made available at government approved COVID-19 care centres as well as via selected medical practitioners and pharmacies across India. Indoco has already confirmed that Fevindo 400 would only be sold against a legitimate medical prescription.