NEW DELHI : Shares of Glenmark Pharmaceuticals on Thursday gained nearly 9 per cent after the company said it has received approval from DCGI to conduct clinical trials of tablets used for the treatment of COVID-19 patients.
The company said it is the first firm in India to receive such an approval from the Drug Controller General of India (DCGI).
The scrip jumped 8.88 per cent to ₹359 on the BSE. On the NSE, it zoomed 8.88 per cent to ₹359. Having internally developed the active pharmaceutical ingredients (API) and the formulations for the product, the company filed the product for clinical trials with the DCGI and has received approval for conducting the trial on mild to moderate patients, Glenmark Pharmaceuticals said in a statement.