InvestorQ : Why was AstraZeneca stock so strong in Indian markets on 07 September?
Dawn Cherian made post

Why was AstraZeneca stock so strong in Indian markets on 07 September?

Answer
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Mitali Bhutta answered.
3 weeks ago


Astrazeneca Pharma hit a lifetime high of Rs.4489 and the stock was up by nearly 15% on Monday. This was on the back of hopes that the Astra’s candidate, AZD1222, could be a frontrunner to deliver the Coronavirus vaccine to the world. It has surged 26% in a week.

AstraZeneca PLC, the parent company, will release the first cut data on the results of the human trials by September 15. It has already made an initial pledge of 30 million doses and has been besieged with orders from across the globe.

The company has received requisite approvals from the Drugs Controller General of India for Olaparib Film - Coated tablets 100 mg and 150 mg. It is among the few medications that are at an advanced stage of sorting out the COVID problem.