Glenmark Pharma Shares up by 35% | Biggest Intraday Rise

In Monday trade, Glenmark Pharma shares saw a spout of 35 per cent after announcing launching an antiviral drug Favipiravir, under FabiFlu brand name on Saturday to treat mild to moderate Covid-19 patients at Rs. 103 per tablet.

The company said in a regulatory filing,” The drugs would come in a strip of 34 tablets with a dose of 200 mg Favipiravir per tablet at the maximum retail price of Rs 3,500. FabiFlu is an oral approved treatment of Covid-19 in India.

Glenmark Pharma also said that this was the first oral approved medication launched to treat coronavirus patients in India. 

What is the Recommended Medical Prescription?

It is a prescribed medication with recommended 1800 mg twice dose on one day, followed by 800 mg twice from 2 nds of day to 14 days.

The Mumbai based drug firm received the approval of manufacturing and marketing from the Drugs Controller General of India (DCGI) on Friday.

Officials Statement: Glenmark Pharma

Glenmark also said,” Favipiravir would be effective for Covid-19 patients with co-morbid conditions like diabetes and heart disease with mild to moderate coronavirus symptoms.”

“Favipiravir claims viral load reduction within four days and rapid symptomatic and radiological improvement. It has recorded a clinical improvement in mild to moderate Covid-19 cases by up to 88 per cent”, it said.

Glenmark pharma ltd. also informed BSE about the upcoming meeting sharing the success rate of prescribed medication among the Covid-19 patients.

On Monday, the Glenmark Pharmaceutical shares closed at a 27.06 per cent high at Rs 519.80 on BSE, making it the biggest intraday rise in the history of trading.

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