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10 months ago
BUZZ-India's Wockhardt rises; US FDA excludes anti-bacterial drug from import alert
October 4, 2016 / 4:26 AM / 10 months ago

BUZZ-India's Wockhardt rises; US FDA excludes anti-bacterial drug from import alert

** Pharmaceutical company Wockhardt Ltd's shares rise as much as 4.58 pct to 937 rupees

** U.S. FDA has excluded anti-bacterial drug 'Ceftriazone Sodium' from the import alert it issued earlier, Wockhardt said on Monday

** Move enables company to manufacture and sell Ceftriazone API and formulation to the U.S. market

** Stock posts biggest intraday percentage gain in more than 1-week

** Up to Monday's close, stock has fallen about 41 pct this year

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